Investors get an IPO after 3 weeks: 5 things to know about Tankup Engineers public offer
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IPO Watch
The IPO market has been muted for the last few weeks and understandably so because of uncertainty in equities, which were weighed down by global trade war fears. However, investors can finally get to look at an IPO after nearly three weeks as the public offer of Tankup Engineers will open for subscription on April 23. Here are five things to know about the public offer.
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Tankup Engineers IPO size
Tankup Engineers is offering about 13.95 lakh shares to investors, through which the company plans to raise around Rs 19.5 crore. There is no offer for sale component.
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The price band for Tankup Engineers IPO
The company has priced the IPO in the range of Rs 133-140 per share, where investors can bid for 1,000 shares in one lot and in multiples thereafter.
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Key dates to watch out for
The IPO will open for subscription on April 23 and close on April 28. The finalisation of allotment for shares will be on April 28. The listing of shares on NSE SME will take place on April 30.
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About Tank Engineers
Tankup Engineers specializes in manufacturing advanced vehicle superstructures designed for complex mobility and storage needs. Its product portfolio includes self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and various ground support equipment.
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Book running lead managers
Hem Securities is the book-running lead manager of the Tankup Engineers IPO, while Bigshare Services is the registrar.