Tankup Engineers IPO

Incorporated in 2020, Tankup Engineers Limited is engaged in the manufacturing of vehicle superstructure for complex mobility and storage solutions. The company offers products including self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment. The company specializes in manufacturing custom-built tanks for transporting or storing liquids, gases, or solids, tailored to client specifications in size, material, capacity, and functional features. The company serves sectors such as agriculture, mining, construction, logistics, aviation, defense, and infrastructure. The company operates a 2,665 sq. mtr. facility in Lucknow, accredited with ISO certifications and PESO approval, and holds MSME ZED certification for Zero Defect Zero Effect manufacturing. Products: Mobile Refuellers:IoT-enabled fuel solutions optimize management across multiple industrial sectors. Water sprinkler:Custom water sprinklers enhance efficiency, conserve water, ensure safety. Mobile Service Van:Customized service vans enable safe, efficient on-site equipment maintenance. As on March 31, 2024, the company has employed approximately 45 employees at various levels of the Organization. Competitive Strengths: Diverse range of product portfolio having applications across various industry verticals. In-house product fabrication capabilities. Sustainable Order Book Stringent quality control mechanism ensuring standardized product quality Experienced and Qualified Management and Employee base

The Company Tankup Engineers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (in Millions) 1 Repayment in full or in part, of certain of the outstanding borrowings; 35 2 Funding to meet working capital requirements 100 3 General Corporate Purpose

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