💡 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
