💡 CMP: NA | IPO Size: Up to 15.48 lakh shares | Exchange: NSE Emerge (SME Platform)
🎯 Tagline: Tank up your portfolio… or is it time to fuel down?
🏭 Who Are These People, Anyway?
Before you mistake Tankup for a new EV startup, let’s clarify — this ain’t Tesla. It’s a fuel service infrastructure company, born in 2020 in Lucknow (yes, biryani land now does IPOs). Promoted by the Lath family and their LLP, this company isn’t trying to go viral on Shark Tank; it’s quietly fueling Bharat’s diesel needs.
Their claim to fame?
- Customised fuel delivery systems
- Installation of mobile & static fuel stations
- Supplying infrastructure to big fuel giants
Basically, they’re like the Zomato of petrol — minus the memes, plus compliance certificates.
🔍 IPO Mechanics 101: So What’s the Deal?
| Details | Info |
|---|---|
| 📅 IPO Dates | TBA |
| 🧾 Issue Size | Up to 15.48 lakh equity shares |
| 💰 OFS? | Nope. All fresh issue |
| 💹 Listing | NSE EMERGE (SME platform) |
| 🏢 Pre-IPO Placement | Possible up to 1.08 lakh shares |
| 🧪 Book-Built? | Yes, 100% |
| 🎯 Face Value | ₹10 |
This is a completely fresh issue, which means all the money raised goes into the company’s tank — not promoter pockets.
💸 How Will the Money Be Spent?
Tankup plans to use the money to:
- 🔧 Expand operations and manufacturing infra
- 🏗️ Fund working capital needs
- 🚀 And of course, General Corporate Purposes™
Basically, everything from building new fuel tech to probably buying more office chairs with lumbar support. As always, “General Corporate Purpose” remains India’s most mysterious expenditure line.
🧠 Risk Ka Funda (Yes, Read This)
📉 First-time issuers = high risk.
🛢️ Heavily dependent on oil infra = volatile sector.
📊 SME platform = less liquidity post-listing.
🪜 No market history = no benchmarks.
Invest only if you understand SMEs, infra biz, and have a stomach stronger than petrol fumes.
📈 The Market Niche: What Do They
Actually
Do?
Tankup isn’t digging oil wells or running petrol stations. They’re the behind-the-scenes folks who:
- Setup mobile fuel stations (think fuel-on-wheels trucks)
- Provide POL infra (Petroleum, Oil, Lubricants)
- Serve government schemes like Jal Jeevan Mission and UDAN
So yes — not glamorous, but definitely functional. They’re the plumbers of India’s fuel economy. You don’t see them, but you need them.
🧾 Snapshot: Company Background
| 🧾 Detail | 💬 Info |
|---|---|
| 📍 HQ | Chinhat, Lucknow |
| 🎂 Incorporated | Nov 3, 2020 |
| 🔄 Converted to Ltd. | July 24, 2024 |
| 🚀 Promoters | Gaurav, Pankhuri, Govind Prasad Lath & LLP |
| 🏢 Website | tankup.co.in |
| 📩 Contact | cs@tankup.co.in |
📊 IPO Allotment Mix
| Investor Category | Allocation % |
|---|---|
| 👨👩👧👦 Retail Investors | 35% |
| 💼 Non-Institutional | 15% |
| 🧑💼 QIBs | Up to 50% |
| 👷 Employees | Up to 5% (with discounts!) |
Retail folks — your slice is decent. But don’t forget: allotment in SME IPOs is like trying to get Coldplay tickets… the moment you blink, it’s gone.
📉 The IPO Red Flags 🚩
- ❌ No revenue/profit figures disclosed yet in DRHP
- ⚠️ First-time issuer — no market credibility
- 🛠️ Still evolving as infra player
- 💰 Exact valuation band not out yet
And of course, we always ask: Why go public so soon after becoming a limited company? Smells like “fund raise before competition heats up.”
🧠 EduInvestor Verdict: Should You Fill Your Tank?
🟢
Apply if:
- You’re an SME IPO junkie 🧠
- You understand infra-based fuel logistics 💼
- You have risk capital ready to roll 🤑
🔴
Avoid if:
- You’re looking for fast listing gains 🚫
- You can’t track low-liquidity SME shares 📉
- You think “infra” means “infrared goggles” 😵💫
📣 Final Words
“Tankup Engineers” might sound like a petrol pump startup founded by IIT dropouts — but it’s not. It’s an infra-focused, behind-the-scenes logistics enabler for fuel movement in India. This IPO might not fuel up your Lamborghini dreams overnight, but it could be a decent pit stop for long-term risk takers.
🔔 Just remember — this IPO is on SME Emerge, not mainboard. That’s like racing on the Noida Expressway vs Formula 1 track. Not everyone wins.
