Tunwal E-Motors Ltd IPO
Price Range
₹59
-
Min. Quantity
2,000 Shares
Closes on
18 July 2024
-
Min. investment
₹1,18,000
Tunwal E-Motors Ltd IPO Timeline
| Event | Date |
|---|---|
| Tunwal E-Motors Ltd IPO Opening Date | 15 July 2024 |
| Tunwal E-Motors Ltd IPO Closing Date | 18 July 2024 |
| Basis of Allotment | 19 July 2024 |
| Initiation of Refunds | 22 July 2024 |
| Credit of Shares to Demat | 22 July 2024 |
| Tunwal E-Motors Ltd IPO Listing Date | 23 July 2024 |
Tunwal E-Motors Ltd IPO Details
| Tunwal E-Motors Ltd IPO Date | 15 July 2024 to 18 July 2024 |
| Tunwal E-Motors Ltd IPO Face Value | ₹2 per share |
| Tunwal E-Motors Ltd IPO Price | ₹59 to ₹0 per share |
| Tunwal E-Motors Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹2 (aggregating up to ₹115.64 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹81.72 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹33.92 Cr) |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Jhumarmal Pannaram Tunwal, Amitkumar Pannaram Mali, Jhumarmal Pannaram Tunwal HUF |
Tunwal E-Motors Ltd IPO Lot Size
The Tunwal E-Motors Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,18,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,18,000 |
| Maximum | 1 | 2,000 | ₹1,18,000 |
- Strengths
- Risks
- Opportunities
- Pure EV player with an admirable position in the fast-growing Indian E2W market.
- Recognized brand in the eyes of the distributors and consumers.
- Present in 19 states through a distribution channel.
- Selling a wide variety of products which are well accepted in the market.
- Simple and innovative designs.
- Founder led company supported by a highly experienced and professional leadership team.
- Manufacturing both high speed and low speed two-wheeler vehicles.
- Cost efficient sourcing and locational advantage.
Company Financials
Tunwal E-Motors Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2025 | 194 | 184.87 | 11.86 |
| 03-2024 | 75.83 | 105.54 | 11.81 |
| 03-2023 | 56.94 | 76.56 | 3.72 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding of working capital requirements of the company
- Research & Development
- Pursuing inorganic Growth
- General Corporate Expenses
Tunwal E-Motors Ltd IPO Promoter Holding
| Pre Issue Share Holding | 93.6% |
| Post Issue Share Holding | 59.76% |
Tunwal E-Motors Ltd IPO Subscription Status (Bidding Detail)
The Tunwal E-Motors Ltd IPO is subscribed 12 times on 18 July 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 12 |
Tunwal E-Motors Ltd IPO Prospectus
Tunwal E-Motors Ltd IPO Listing Date
| BSE Script | |
| NSE Symbol | |
| Listing In | NSE - SME |
| ISIN | INE0OXV01027 |
| IPO Price | ₹- |
| Face Value | ₹- |
Company Contact Information
Rama Icon Commercial Building# 501 S#24/2 CTS #2164 P.31/11,Pune-411030
Phone: +91-20-2433 6001
Email: cs@tunwal.com
Website: www.tunwal.com
Tunwal E-Motors Ltd IPO Registrar
Tunwal E-Motors Ltd IPO Lead Manager(s)
- Horizon Management Pvt Ltd
How to Check the Allotment Status of Tunwal E-Motors Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Tunwal E-Motors Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Tunwal E-Motors Ltd IPO
Tunwal E-Motors Limited was originally incorporated as 'Tunwal E-Motors Private Limited' on December 21, 2018, vide Certification of Incorporation issued by the Assistant Registrar of Companies, Pune. The Company got converted into Public Limited Company and the name of the Company changed to 'Tunwal E-Motors Limited' vide vide a fresh Certification of Incorporation issued by Registrar of Companies, Pune dated December 13, 2023.