59  Total SME IPOs listed in 2025

2,613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Tankup Engineers Limited IPO Analysis

Tankup Engineers IPO is a Book Building listing on NSE EMERGE exchange. The company is based in Lucknow and caters to Engineering sector. Hem Securities is the merchant banker of Tankup Engineers IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th August 2024.

Tankup Engineers IPO posted revenues of ₹ 18.72 crores and PAT of ₹ 1.42 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 18.72 Cr.
            EBITDA: ₹ 2.36 Cr.
            PAT: ₹ 1.43 Cr.
  • EBITDA Margin: 12.58 %
            Pat Margin: 7.61 %
  • Net Worth: ₹ 6.17 Cr.
  • Market Capitalisation: ₹ 74.13 Cr.
  • P/E: 52.19 times
  • P/BV: 2.88 times
  • EV/EBITDA: 34.59 times
Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Tankup Engineers IPO Financial Performance (Restated)

Financial results of Tankup Engineers IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Nov-24 FY24 FY23 FY22
Balance Sheet
Assets 17.67 10.35 8.67 2.32
Net Worth 6.17 3.68 1.11 0.19
Total Debt 7.59 3.69 2.55 1.41
Profit & Loss
Revenue
Revenue on annualised basis
12.48
18.72
19.41 11.18 1.39
EBITDA
EBITDA on annualised basis
1.57
2.36
3.46 1.27 0.08
PAT
PAT on annualised basis
0.95
1.43
2.57 0.79 0.05
Financials
30-Nov-24
FY24
FY23
FY22
Balance Sheet
Assets
17.67
10.35
8.67
2.32

Net Worth
6.17
3.68
1.11
0.19

Total Debt
7.59
3.69
2.55
1.41

Profit & Loss
Revenue
Revenue on annualised basis
12.48
18.72
19.41
11.18
1.39

EBITDA
EBITDA on annualised basis
1.57
2.36
3.46
1.27
0.08

PAT
PAT on annualised basis
0.95
1.43
2.57
0.79
0.05

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Tankup Engineers IPO Key performance Indicators (KPI)

Tankup Engineers IPO PAT Margin is 7.61 % , ROCE (Return on Capital Employed) is 10.63 % as per latest financial. The below table shows Tankup Engineers IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Nov-24 FY24 FY23 FY22
EBITDA Margin (%) 12.58 17.83 11.36 5.76
PAT Margin (%) 7.61 13.24 7.07 3.60
EPS (₹) 2.91 9.34 2.97 0.30
ROE (%) 15.40 69.84 71.17 26.32
ROCE (%) 10.63 46.49 30.30 3.89
ROA (%) 5.38 24.83 9.11 2.16
Debt to Equity 1.23 1.00 2.30 7.42
Particulars
30-Nov-24
FY24
FY23
FY22

EBITDA Margin (%)
12.58
17.83
11.36
5.76

PAT Margin (%)
7.61
13.24
7.07
3.60

EPS (₹)
2.91
9.34
2.97
0.30

ROE (%)
15.40
69.84
71.17
26.32

ROCE (%)
10.63
46.49
30.30
3.89

ROA (%)
5.38
24.83
9.11
2.16

Debt to Equity (x)  
1.23
1.00
2.30
7.42

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Tankup Engineers IPO Valuation Metrics

The market Capitalisation of Tankup Engineers IPO is ₹ 74.13 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
74.13

Enterprise Value (EV) (₹ Cr.):
81.45

EV/EBITDA (times) :
34.59

PE Multiple (times) :
52.19

P/B (times) :
2.88

NAV (₹) :
15.82

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Tankup Engineers prospectus?

The Tankup Engineers IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Tankup Engineers IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Tankup Engineers IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Tankup Engineers IPO ?

The post-IPO market capitalisation of Tankup Engineers IPO is ₹ 74.13 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Tankup Engineers IPO?

The Tankup Engineers IPO has a Price-to-Earnings (PE) ratio of 52.19 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Tankup Engineers IPO?

Tankup Engineers IPO reported revenue of ₹ 18.72 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Tankup Engineers IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Tankup Engineers IPO?

Tankup Engineers recorded an EBITDA of ₹ 2.36 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Tankup Engineers IPO?

Tankup Engineers Profit After Tax (PAT) is ₹ 1.43 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 18.72 Cr.
            EBITDA: ₹ 2.36 Cr.
            PAT: ₹ 1.43 Cr.
  • EBITDA Margin: 12.58 %
            Pat Margin: 7.61 %
  • Net Worth: ₹ 6.17 Cr.
  • Market Capitalisation: ₹ 74.13 Cr.
  • P/E: 52.19 times
  • P/BV: 2.88 times
  • EV/EBITDA: 34.59 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Tankup Engineers operates in Engineering and Manufacturing Of Vehicle Superstructure For Complex Mobility And Storage Solutions.. The Issue is listed on NSE EMERGE in Apr, 2025. Tankup Engineers IPO size was 19.53 with Issue price of 140.00 .

Tankup Engineers IPO subscription was 124.67 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Tankup Engineers IPO listed at a listing price of 175.00 against the offer price of 140.00.

The current market price of Tankup Engineers is 183.75.

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