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News Details

( As on 17/04/2025 19:40)

Tankup Engineers announces launch of initial public offering

Tankup Engineers Ltd. has announced public offering of 1395000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 130.00 per share. The gross proceeds of the issue are expected to be Rs 1,953.00 lakhs.

The company's initial public offer (IPO) will open on 23 April 2025 and is expected to close on 25 April 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 133.00-140.00 per share.

The IPO includes a fresh Issue of 1395000 Equity Shares of the Company at an price of Rs 140.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Tankup Engineers Ltd. anticipates using the proceeds of the issue for .

Hem Securities Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.