Sensex and Nifty 50 Extend Winning Streak to Third Session on Feb 4, 2026: RIL & ICICI Bank Shine, But IT Selloff Limits Upside

  The Indian stock market showed resilience on Wednesday, February 4, 2026, as the BSE Sensex and NSE Nifty 50 closed higher for the third consecutive session . Benchmark indices gained modestly amid strong buying in banking and energy heavyweights, but a sharp selloff in IT stocks—triggered by global concerns over a new AI tool from Anthropic—capped the overall gains. Market Snapshot: How Sensex and Nifty Closed Today BSE Sensex : Closed at 83,817.69 , up 78.56 points (+0.09%) NSE Nifty 50 : Closed at 25,776 , up 48.45 points (+0.19%) This marks the third straight day of gains, following a strong rally on Tuesday (Feb 3) driven by the India-US trade deal announcement. The market opened positive but turned range-bound as IT selling intensified in the afternoon. What Powered the Gains? RIL and ICICI Bank Lead the Charge Reliance Industries (RIL) and ICICI Bank emerged as the top contributors to the Sensex and Nifty gains. Other notable performers included: Bharti Airtel...
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Tankup Engineers IPO: Day 1 Subscription Hits 47% — Key Dates, Insights, and Investment Outlook

The Tankup Engineers IPO opened for subscription on April 23, 2025, and saw an encouraging 47% overall subscription on Day 1. This SME public offering has drawn significant attention from both retail and non-institutional investors, thanks to the company’s specialized role in mobility and storage solutions.

Strong Start: Subscription Status Overview

On the first day of bidding, Tankup Engineers managed to attract solid interest:

  • Retail investors subscribed to 73% of their quota.

  • Non-Institutional Investors (NII) booked 58% of their share.

  • Qualified Institutional Buyers (QIB) subscription details are awaited.

With two days remaining, the IPO is poised for full subscription, if not oversubscription.

Business Profile: What Does Tankup Engineers Do?

Tankup Engineers manufactures essential infrastructure products including:

  • Tank trucks and mobile refuellers

  • Explosive vans

  • Water sprinklers and blasting shelters

These vehicles and units cater to critical sectors such as petroleum, defense, mining, and infrastructure. Founded in 2020, the company has grown into a trusted provider in its niche.

IPO Details: Price Band, Lot Size, and Allocation

  • Issue Type: Fresh equity issue, no offer-for-sale (OFS)

  • Total Issue Size: ₹19.53 crore

  • Price Band: ₹133 to ₹140 per share

  • Minimum Investment (Retail): 1,000 shares, ₹1.33–1.40 lakh

  • Minimum Investment (HNIs): 2,000 shares, ₹2.66–2.80 lakh

IPO Allocation Breakdown:

  • QIBs: 50%

  • Retail Investors: 35%

  • NIIs: 15%

Use of IPO Proceeds

Funds raised will be deployed as follows:

  • ₹3.5 crore to repay debt

  • ₹10 crore for working capital

  • Balance for general corporate expenses

This allocation supports both growth and financial health.

Financial Highlights: FY24 Performance

Tankup Engineers posted impressive financial growth in FY24:

  • Revenue: ₹19.54 crore (up 65% YoY)

  • Net Profit: ₹2.57 crore (225% increase from FY23)

Such growth reflects strong demand and operational efficiency.

Important Dates to Track

  • IPO Close Date: April 25, 2025

  • Allotment Finalization: April 28, 2025

  • Refunds Initiated: April 29, 2025

  • Demat Credit: April 29, 2025

  • Listing Date: April 30, 2025 (NSE SME Platform)

Investors can check their allotment status at Bigshare Services Pvt Ltd’s IPO portal using PAN or application number.

Reasons to Watch This IPO

  • Niche Sector: Specialized offerings in high-demand industries.

  • Growth Potential: Solid financials and targeted expansion.

  • Utilization of Funds: No promoter exit; entire issue supports business.

  • SME Upside: Historically, SME IPOs offer strong listing gains and long-term potential.

However, investors should be mindful of the volatility and lower liquidity often associated with SME stocks.

How to Apply

Applications can be made via:

  • ASBA (Net Banking)

  • UPI-based Platforms: Like Zerodha, Groww, Upstox, etc.

  • Offline Submission: Through brokers or registered banks

A Demat account is mandatory for IPO share allocation.

Final Word

Tankup Engineers’ IPO has generated considerable buzz with its 47% subscription on Day 1. With a reasonable price band, robust financials, and relevance in key industrial sectors, it stands out as an intriguing SME listing. That said, investors should do their due diligence, weigh the risks, and consider their long-term goals before making any commitments.

Disclaimer: Investments in IPOs are subject to market risk. Always consult a qualified financial advisor before investing.


Location:Nainital Uttarakhand ,India India

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