Tankup Engineers Limited IPO Review

Name: Tankup Engineers Limited IPO Review
Item: Tankup Engineers Limited IPO
Author: CheckIPO

Neutral140-140 · SME

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Analyst Verdict

Tankup Engineers Limited IPO

Neutral

IPO at a Glance

Price Band

140-140

Issue Size

20cr

Opens

2025-04-21

Closes

2025-04-23

Listing

2025-04-28

Key Strengths

✓Diverse product portfolio across industries like Petroleum, Mining, Infrastructure, Defence, and Aviation.

✓In-house fabrication with stringent quality control at every stage.

✓ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and MSME ZED certified.

✓Focus on producing durable, compact, and pilferage-proof designs.

✓Experienced management with a focus on manufacturing and operational efficiency.

✓Skilled workforce with ongoing in-house training programs.

Key Risks

⚠Dependence on key customers, with a significant portion of revenue from the top ten customers.

⚠Reliance on refuellers as a key product; any decline in sales may impact the business.

⚠Dependence on design and engineering teams for accurate estimates and timely execution.

⚠Geographical concentration of operations, particularly in Uttar Pradesh, may affect business.

⚠Supply chain risk due to reliance on specific raw material suppliers.

⚠Dependency on the automobile industry for key components, which can impact operations if disrupted.

Frequently Asked Questions

Should I apply for Tankup Engineers Limited IPO?

Based on our analysis, our rating for Tankup Engineers Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.

What are the key risks of Tankup Engineers Limited IPO?

Dependence on key customers, with a significant portion of revenue from the top ten customers. Reliance on refuellers as a key product; any decline in sales may impact the business. Dependence on design and engineering teams for accurate estimates and timely execution.

What are the strengths of Tankup Engineers Limited IPO?

Diverse product portfolio across industries like Petroleum, Mining, Infrastructure, Defence, and Aviation. In-house fabrication with stringent quality control at every stage. ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and MSME ZED certified.

What is the price band of Tankup Engineers Limited IPO?

The price band for Tankup Engineers Limited IPO is 140-140. The IPO has closed.

Full Analysis Available

Financials, DRHP breakdown, peer comparison, shareholding pattern & more

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