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News Details

( As on 30/04/2025 21:10)

Tankup Engineers Ltd. debuts with 25.00% premium at Rs 175.00

Tankup Engineers Ltd. makes a strong debut on the bourses with scrip got listed at Rs 175.00 on the Bombay Stock Exchange, a 25.00 per cent premium to its issue price of Rs 140.00. On the National Stock Exchange, the stock was listed at Rs 175.00.

The company, which raised 0.14 Cr from initial public offering, was subscribed 115.83 times, receiving bids for 1,615.83 lakhs shares against the total issue size of 13.95 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Apr 23 to Apr 25.

Following a strong opening, the scrip touched an intraday high of Rs 183.75 and a low of Rs 175.00, before closing the session up by 31.25 per cent to its listing price at Rs 183.75 on the NSE.

The company anticipates using the proceeds of the issue for .

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

Meanwhile, the broader benchmark NSE Nifty closed trade at 24,334.20, down 1.75 points, or 0.00 per cent.