"TankUp Engineers IPO: Fueling Growth in India's Mobile Fueling Revolution"


TankUp Engineers Ltd, headquartered in Lucknow and established in 2020, has quickly positioned itself as a leader in India’s specialized mobility and fuel solutions sector. Under the guidance of its founder and Managing Director, Gaurav Lath, the company has developed an impressive range of products designed to serve diverse industries such as construction, mining, logistics, agriculture, defense, and aviation.

IPO Overview

  • IPO Dates: April 23, 2025 – April 25, 2025

  • Issue Size: ₹19.53 crore

  • Type of Issue: Entirely fresh issue of 13.95 lakh equity shares

  • Price Band: ₹133 to ₹140 per share

  • Face Value: ₹10 per share

  • Lot Size: 1,000 shares per lot

  • Minimum Investment: ₹1,33,000 for retail investors

  • Listing Platform: NSE Emerge (SME segment)

  • Expected Listing Date: April 30, 2025

Company Focus and Offerings

TankUp Engineers Ltd specializes in the design and production of custom-built fuel storage and delivery systems. Their offerings include:

  • Self-Bunded Fuel Tanks: Built to international standards, these tanks provide a safe, reliable solution for fuel storage needs.

  • Mobile Diesel Bowsers: These are available in 3,000, 4,000, and 6,000-liter capacities, mounted on trusted platforms like Tata, Ashok Leyland, and VECV vehicles.

  • IoT-Integrated Fuel Management: With advanced features like geo-fencing and real-time analytics, their TankLock system enables smart, secure fuel tracking and control.

  • Specialized Utility Vehicles: TankUp manufactures vehicles such as aircraft refuelers, crash fire tenders, and water tenders, tailored for airport and defense applications.

With a focus on customization, durability, and compliance, the company has built a reputation for high-quality, application-specific engineering solutions.

Rapid Financial Growth

Since its inception, TankUp has shown remarkable financial performance:

  • A 747% rise in revenue in FY23 over the previous year.

  • Net profit jumped by over 1,700%, showcasing strong operational efficiency.

  • A significant boost in net worth, reflecting growing investor confidence and financial strength.

These results highlight the company’s momentum and growing demand for its products in both private and public sectors.

Empowering India’s Fuel Entrepreneurs

TankUp is not just a product manufacturer—it’s also a catalyst for entrepreneurship. Through its FuelEnt program, the company plans to empower 1,000 fuel entrepreneurs across India by:

  • Helping with company setup, branding, and licensing.

  • Providing pre-fabricated, compliant diesel delivery vehicles.

  • Offering end-to-end tech and operational support.

This initiative aims to streamline and organize the diesel delivery market, which is poised to become an ₹80,000 crore opportunity in the coming years. TankUp’s turnkey model reduces entry barriers and creates business opportunities in underserved fuel logistics segments.

Utilization of IPO Proceeds
The capital raised through the IPO will be allocated for the following purposes:

  • Approximately ₹3.5 crore will be used to repay specific outstanding loans.

  • Around ₹10 crore is earmarked to support the company’s working capital needs.

  • The balance amount will be directed toward general corporate expenses.

Hem Securities will manage the IPO, with Bigshare Services appointed as the registrar.

Certifications and Recognition

TankUp Engineers holds several key certifications that highlight its commitment to quality and safety:

  • PESO Certification for fuel storage and transport safety.

  • ISO Accreditation, ensuring global standard compliance in operations.

  • Featured in top media outlets like Business Standard, The Week, and Outlook India, for its impactful innovations in fuel logistics.

Conclusion

TankUp Engineers Ltd is redefining fuel storage and delivery with its blend of engineering innovation, technological integration, and entrepreneurial support. As the company prepares for its IPO and further growth, it remains committed to providing solutions that enhance safety, efficiency, and accessibility in fuel management.

To explore more, visit www.tankup.co.in.

Disclaimer: This article is for informational purposes only and not investment advice. Prospective investors should consult their financial advisors before making any investment decisions.


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