THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES, THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.
	TANKUP ENGINEERS LIMITED

Our Company was originally incorporated as a Private Limited Company under the name "Tankup Engineers Private Limited" on November 03, 2020 under the provisions of the Companies Act. 2013 with the Registrar of Companies, Central Registration Centre with CIN: U74999UP2020PTC137401. Further, Fresh Certificate of Incorporation dated August 25, 2023 issued by the Registrar of Companies, Kanpur, consequent upon change in the object of the Company, bearing CIN: U29109UP2020PTC137401. Subsequently, our Company was converted into a Public : Limited Company vide Special Resolution passed by the Shareholders at the Extraordinary General Meeting, held on April 23,2024 and consequently the name of our Company was changed from "Tankup Engineers Private Limited" to "Tankup Engineers Limited" vide a fresh certificate of incorporation dated July 24, 2024, issued by the Assistant Registrar of Companies. Central Processing Centre bearing CIN: U29109UP2020PLC137401.

We are engaged in the business of manufacturing specialised vehicle superstructure for complex mobility and storage solutions of various capacities. This involves manufacturing large containers or tank like solutions used for transporting/ storing various materials, which could include liquids, gases or solids, depending on customer product range. These tanks may be custom-built to meet specific client requirements regarding size, material, capacity, and features. We cater to a broad spectrum of end-use industries like: Petroleum, Mining, Infrastructure, Defence etc. Our manufacturing activity involves focus on fabrication of tanks dedicated to delivering mobile solutions that may be deployed for a wide range of commercial use.

a) Our business is dependent on the sale of our products to certain key customers. The loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on our business, financial condition, results of operations and cash flows.

b) We are subject to strict quality requirements, customer inspections and audits, and any failure to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact our reputation and our business and results of operations and future prospects

c) We derive a significant portion of our revenue from the sale of our key product i.e. Refuellers. Any decline in the sales of our key product could have an adverse effect on our business, results of operations and financial condition.

d) Our business is substantially dependent on our design and engineering teams to accurately carryout the estimates and engineering studies for potential orders. Any deviation during the execution of the order as compared to our estimates could have a material adverse effect on our cash flows, results of operations and financial condition.

e) We may be subject to risks associated with product warranty.

f) Our Company was incorporated on November 03, 2020, thus, we have limited operating history as a Company which may make it difficult for investors to evaluate our historical performance or future prospects.

g) Our manufacturing activities require deployment of labour and depend on availability of labour. In case of unavailability of such labour, our business operations could be affected.

h) We generate our major portion of turnover from our operations in certain geographical regions and any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.

i) Any delay, interruption or reduction in the supply of raw materials to manufacture our products may adversely affect our business, results of operations, cash flows and financial condition.

j) The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of our Company.

k) The Merchant Banker associated with the Issue has handled 60 public issues in the past three years out of which 2 SME Issue closed below the Issue Price on listing date.

I) Average cost of acquisition of Equity Shares held by the Promoters are

and the Issue Price at the upper end of the Price Band is Rs. 140 per Equity Share.

m) The Price/ Earnings ratio based on Diluted EPS for Fiscal 2024 for the company at the upper end of the Price Band is 14.99 Times.

n) Weighted Average Return on Net worth for Fiscals 2024,2023 and 2022 is 62.38%.

o) The Weighted average cost of acquisition of all Equity Shares transacted in the last one year, 18 months and three years from the date of Prospectus is as given below:

p) The Weighted average cost of acquisition compared to Floor Price and Cap Price.

Note: ^{^}There were no secondary sales/acquisition of shares of shares (equity/convertible securities) other than Shares transfer on in last 18 months from the date of this Prospectus.

The Issue was being made through the Book Building Process, in terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 253 of the SEBIICDR Regulations, as amended, wherein not more than 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs", the "QIB Portion"), Our Company in consultation with the Book Running Lead Manager has allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"). Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-lnstitutional Bidders and not less than 35% of the Net Issue was made available for allocation to Retail Individual Bidders in accordance with the SEBI (ICDR) Regulations, subject to valid Bids being received at or above the Issue Price. All potential Bidders (except Anchor Investors) were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors were not permitted to participate in the Issue through the ASBA process. For details, see " Issue Procedure" beginning on page 252 of the Prospectus.

The investors are advised to refer to the Prospectus for the full text of the Disclaimer clause pertaining to NSE. For the purpose of this Issue, the designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced on or before Wednesday, April 30,2025*

*Subject to the receipt of listing and trading approval from the NSE ("NSE Emerge").

The bidding for Anchor Investors opened and closed on Tuesday, April 22, 2025. The Company received 03 Anchor Investors applications for 4,29,000 Equity Shares. The Anchor Investor Allocation price was finalized at 140/- per Equity Share. A total of 3,85,000 Equity Shares were allotted under the Anchor Investors portion aggregating to Rs. 5,39,00,000/-.

The Issue (excluding Anchor Investors Portion) received 22,715 Applications for 116993000 Equity Shares (after considering invalid bids, Other than RC10 Transaction declined by Investors, RC10 Mandate not accepted by Investors, RC10 Mandate not accepted by Investors and Withdrawal/ Cancelled Bids reported by SCSB and rejections) resulting 115.83 times subscription (including reserved portion of market maker, Employee reservation and excluding anchor investor portion). The details of the Applications received in the Issue from various categories are as under (before rejections):

Detail of the Applications Received (excluding Anchor Investors Portion):

*The 21,000 equity shares spilled over from Employee category to QIB, Nil & Retail categories with the ratio of 50:15:35

Final Demand:

A summary of the final demand as per NSE as on the Bid/ Issue Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the designated Stock Exchange, being National Stock Exchange of India Limited ("NSE Emerge') on April 28, 2025.

1) Allotment to Retail Individual Investors (After Rejections):

The Basis of Allotment to the Retail Individuals Investors, who have Bid at cut-off Price o' a: or above the Issue Price of Rs 140 per Equity Share was finalized n consultation with NSE. The category has been subscribed to the extent of 45.12 times. The total number of Equity Shares Aborted in this category's 4,60,003 Equity Shares to 460 successful applicants The details of the Basis of Allotment of the said category are as under:

*Including unsubscribed portion of 8000 Equity Shares from Employee Category.

2) Allotment to Non-lnstitutional Investors (After Rejections):

The Basis of Allotment to the Non-lnstitutional Investors, who have bid at the Issue Price of Rs140 per Equity Share was finalized in consultation with NSE. The category has been subscribed to the extent of 430.98 times (after rejection). The total number of Equity Shares Allotted in this category is 1,97,000 Equity Shares to 187 successful applicants. The details of the Basis of Allotment of the said category are as under:

* Including Unsubscribed portion of 3000 Equity Shares from Employee Category.

3) Allotment to Employee Investors (After Technical Rejections):

The Basis of Allotment to the Employee Investors, who have bid at the Issue Price of Rs. 140 per Equity Share was finalized in consultation with NSE. The category has been subscribed to the extent of 0.42 times (after technical rejection). The total number of Equity Shares Allotted in this category is 15,000** Equity Shares to 9 successful applicants. The details of the Basis of Allotment of the said category' are as under.

Unsubscribed portion of 21000 Equity Shares spilled over to QIBs, NIB and Retail Individual Investor Categories in the ratio of 50:15:35

4) Allotment to Market Maker:

The Basis of Allotment to Market Maker who have bid at Issue Price of Rs140/- per Equity Shares, was finalized in consultation with NSE. The category was subscribed by 1.00 times i.e. for 70,000 Equity shares the total number of shares allotted in this category is 70.000 Equity Shares. The category wise details of the Basis of Allotment are as under:

5) Allotment to QIBs excluding Anchor Investors (After Rejections):

Allotment to QIBs. who have bid at the Issue Price of Rs140/- per Equity Share has been done on a proportionate basis in consultation with NSE. This category has been subscribed to the extent of 41.98 times of QIB portion. The total number of Equity Shares allotted in the QIB category is 268000 Equity Shares, which were allotted to 22 successful Applicants.

* Including Unsubscribed portion of 10000 Equity Shares from Employee Category.

6) Allotment to Anchor Investors (After Technical Rejections):

The Company in consultation with the BRLM has allocated 3,85,000 Equity Shares to 3 Anchor Investors at the Anchor Investor Issue Price of Rs140 per Equity Shares in accordance with the SEBI (ICDR) Regulations. This represents up to 60% of the QIB Category.

The Board of Directors of our Company at its meeting held on Monday, April 28, 2025 has taken on record the basis of allotment of Equity Shares approved by the designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been dispatched / mailed for unblocking of funds and transfer to the Public Issue Account on or before April 29, 2025. In case the same is not received within four working days, Investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allottees shall be uploaded on April 29. 2025 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from NSE and the trading of the Equity Shares is expected to commence trading on Wednesday, April 30, 2025.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated April 28,2025 filed with the Registrar of Companies, Kanpur, Uttar Pradesh, ("RoC").

TRACK RECORD OF BOOK RUNNING LEAD MANAGER: The BRLM associated with the Issue has handled 60 Public Issues in the past three financial years, out of which 2 issue was closed below the Issue/ Offer Price on listing date:

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole Bidder Serial number of the ASBA form, number of Equity Shares bid for, Bidder DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the Acknowledgment Slip received from the Designated Intermediary and payment details at the address given below:

	Bigshare Services Private Limited
	Address: S6-2,6th Floor, Pinnacle Business Park. Next to Ahura Centre. Mahakali Caves Road, Andheri (East) Mumbai-400093. Maharashtra, India.
	Tel No: +91-22 6263 8200;
	Email: ipo@bigshareonline.com
	Investor Grievance Email: investor@bigshareonline.com
	Contact Person: Babu Rapheal C.
	Website: www.bigshareonline.com
	SEBI Registration No: INR000001385;
	CIN: U99999MH1994PTC076534
	On behalf of Board of Directors
	Tankup Engineers Limited
	Sd/-
	Ra
Place: Lucknow	Rajat Srivastava
Date: April 29, 2025	Company Secretary and Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF TANKUP ENGINEERS LIMITED

Disclaimer: Tankup Engineers Limited has filed the Prospectus with the ROC on April 28, 2025 and thereafter with SEBI and the Stock Exchange. The Prospectus is available on the website of the BRLM, Hem Securities Limited at www.hemsecurities.com and the Company at: www.tankup.co.in, and shall also be available on the website of the NSE and SEBI. Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, please see "Risk Factors "beginning on page 29 of the Prospectus.

The Equity Shares have not been and will not be registered under the U. S. Securities Act of 1933, as amended (the "Securities Act') or any state securities laws in the United States, and unless so registered, and may not issued or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being Issued and sold outside the United States in 'offshore transactions' in reliance on Regulation under the Securities Act and the applicable laws of each jurisdiction where such Issues and sales are made. There will be no public Issuing in the United States.