IPO Deliver

IPO Deliver

Tunwal E-Motors IPO

Tunwal E-Motors IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

by

Tunwal E-Motors IPO

#1. Quick Intro to Tunwal E-Motors IPO

The initial public offering (IPO) of Tunwal E-Motors will open for subscription on July 15 and close on July 18, comprising fresh issues of Rs.81.72 crore and an offer for sale (OFS) of Rs.33.93 crore. An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on July 23, 2024.  

Tunwal E-Motors Limited (2018) one of the leading companies in the EV 2-wheeler sector, is committed to advancing innovation in EV 2-wheeler manufacturing. Over the years, the company achieved a 201% CAGR in revenue, introducing more than 23 models including 7 variants of 2-wheelers, a dealer base of over 256 across India and establishing a presence in 19 states. 

Tunwal E-Motors Ltd, an upcoming force in the electric vehicle (EV) manufacturing sector, stands at the forefront of India’s drive towards sustainable and eco-friendly mobility solutions. Established in 2018, the company has rapidly evolved to become a significant player in the market, specializing in the design, development, manufacturing, and distribution of high-quality electric two-wheelers. 

Check out the IPO allotment status 

#2. IPO Object of Tunwal E-Motors    

The company intends to use the IPO Funds for the following purposes: 

  1. Funding of capital expenditure requirements of the company for new machinery, etc.
  2. Research & Development 
  3. Pursuing inorganic growth
  4. General corporate purposes and issue expenses. 

#3. Tunwal E-Motors Core Strengths 

  1. Recognised brands in the eyes of distributors and consumers 
  2. Present in the 19 states through a distribution channel
  3. Simple and innovative designs
  4. Selling a wide variety of products 
  5. Pure EV player
  6. Experienced promoters and management team

#4. Tunwal E-Motors IPO Review & Rating

Issue Size  Rs.115.64 crore
Issue Price  Rs.59 per share 
Minimum Lot Size 2000 Shares
Total Profit (Latest)  Rs.1181.17 Lakh
ROE (%) 57.53
RONW (%) 59.38
Listing on NSE SME
IPO Deliver Rating Three

 

#5. Tunwal E-Motors IPO Dates, Price Band & Details

Tunwal E-Motors IPO will open on July 15, 2024, and close on July 18, 2024. The IPO is to be listed on July 23, 2024.  

Type of issue Fixed Price Issue IPO
Issue Size Rs.39.83 crore
Price Brand Rs.59 per share
Face Value Rs. 02/- per share
IPO Open Date July 15, 2024
IPO Close Date July 18, 2024
IPO Allotment Date July 19, 2024
Refund Date July 22, 2024
Share Credit Date July 22, 2024
Listing Date July 23, 2024

 

#6. Tunwal E-Motors IPO Offer Details

Tunwal E-Motors IPO’s total issue size is 196,00,000 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 138,50,000 81.72
Offer for Sale (OFS) 575,00,000 33.93

 

#7. Tunwal E-Motors Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.

Category (Rs.) March 2024 March 2023 March 2022
Total Revenue 10553.69 7655.74 7566.42
Net Worth 2053.08 821.91 424.43
Profit 1181.17 372.48 233.94
Total Borrowings 1224.06 409.40 321.55

 

#8. Tunwal E-Motors Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022. 

Category March 2024 March 2023 March 2022
EPS (Rs.) 2.85 1.81 1.21
RoNW (%) 57.23 45.32 55.12
NAV (Rs.) 4.95 3.98 8.25

 

#9. Tunwal E-Motors Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(Rs. in Lakhs)

 RoNW (%) EPS
TVS Motors 39,14,474 23.68 35.50
– – – –

 

#10. Tunwal E-Motors Company Promoters 

The company has one promoter as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. Jhumarmal Pannaram Tunwal

 

#11. Tunwal E-Motors Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  97.04
Post-issue 62.34

 

#12. Tunwal E-Motors IPO Reservation Details

Tunwal E-Motors IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
QIB/Others Shares Offered 50% of the Net Offer
Retail Shares Offered 50% of the Net Offer
NII Shares Offered –

 

#13. Tunwal E-Motors IPO – Lot Size

An investor can apply for a minimum of 2000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 2000 1,18,000
Retail (Max.) 1 2000 1,18,000
HNI (Min.) 2 4000 2,36,000

 

#14. Tunwal E-Motors IPO – Prospectus Copy

An investor can download/view the Tunwal E-Motors prospectus copy, which the company filed to exchange, details are as follows. 

Tunwal E-Motors IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Tunwal E-Motors IPO Registrar 

Skyline Financial Services Private Limited 

Website: www.skylinerta.com

#16. Tunwal E-Motors IPO Lead Managers

Horizon Management Private Limited 

Website; www.horizon.net.co 

#17. Tunwal E-Motors IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Tunwal E-Motors IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Tunwal E-Motors Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Tunwal E-Motors Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Tunwal E-Motors Company Details

Tunwal E-Motors Limited 

Registered Office: Rama Icon Commercial Building, Office No 501, S.No 24/2, C.T.S No. 2164, Plot No. 31/11 Sadashiv Peth, Pune, 411030 Maharashtra India.

Email: cs@tunwal.com

Website: www.tunwal.com

Investor Grievances/Compliance Officer: BS Sangoli

#19. Tunwal E-Motors Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01. –
02. –

 

#20. Tunwal E-Motors Company Board (Top 2)

Sr. No. Name of Directors
01. Jhumarmal Pannaram Tunwal
02. Amitkumar Pananram Mali

 

Tunwal E-Motors IPO – Frequently Asked Questions (FAQs)

#1. What is a Tunwal E-Motors IPO?

Tunwal E-Motors brings its IPO of Rs.115.64 crore, on July 15, 2024, with a price band of Rs.59 per share.

 

#2. What is the Tunwal E-Motors IPO Open date?

Tunwal E-Motors IPO’s opening date is July 15, 2024.

 

#3. What is the Tunwal E-Motors IPO Close Date?

Tunwal E-Motors IPO’s closing date is July 18, 2024.

 

#4. What is the Tunwal E-Motors IPO Listing date?

Tunwal E-Motors’s IPO listing date is July 23, 2024.

 

#5. What is the Tunwal E-Motors IPO Minimum investment amount?

Tunwal E-Motors IPO’s minimum investment amount is Rs.1,18,000.

 

#6. What is the Tunwal E-Motors IPO offer issue Size?

Tunwal E-Motors offers an issue size of Rs.115.64 crore.

 

#7. What is the Tunwal E-Motors IPO Price Band?

Tunwal E-Motors’s IPO price band is Rs.59 per share.

 

#8. Is Tunwal E-Motors IPO mainboard IPO or SME IPO?

Tunwal E-Motors IPO is an SME IPO.

 

Click here for previous SME IPOs

110 thoughts on “Tunwal E-Motors IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024”

  3. I have recently started a site, the info you offer on this site has helped me tremendously. Thank you for all of your time & work. “The achievements of an organization are the results of the combined effort of each individual.” by Vince Lombardi.

    Reply

  4. We are a gaggle of volunteers and opening a new scheme in our community. Your website offered us with valuable info to paintings on. You’ve done an impressive process and our entire neighborhood shall be thankful to you.

    Reply

  7. Excellent items from you, man. I’ve bear in mind your stuff prior to and you’re simply too excellent. I actually like what you have received here, really like what you’re saying and the way during which you are saying it. You make it enjoyable and you still care for to stay it wise. I cant wait to learn far more from you. This is actually a tremendous site.

    Reply

  9. Whats Taking place i am new to this, I stumbled upon this I have discovered It absolutely useful and it has aided me out loads. I hope to contribute & help different customers like its aided me. Great job.

    Reply

  10. I am really loving the theme/design of your web site. Do you ever run into any internet browser compatibility issues? A couple of my blog readers have complained about my blog not operating correctly in Explorer but looks great in Firefox. Do you have any suggestions to help fix this issue?

    Reply

  14. Do you mind if I quote a couple of your articles as long as I provide credit and sources back to your weblog? My blog site is in the exact same area of interest as yours and my users would certainly benefit from a lot of the information you present here. Please let me know if this okay with you. Appreciate it!

    Reply

Leave a Comment

IPO Deliver is a platform to deliver the detailed information to the investors about the upcoming and current Initial Public Offering (IPO) and related things.

"If you don't find a way to make money while you sleep, you will work until you die."

Warren Buffett

Useful Links

BSE

NSE

Globe Capital Maket Ltd.

Business Registration

Privacy Policy                                  

Terms & Condition                          

About Us                                                

Contact Us                                       

Disclaimer: Stock Market investments are subject to market risks, read all scheme related documents carefully before investing. All the information provided on our website is for education/knowledge purpose only. We do not claim any facts, and figure mentioned here. We advise investors to check with certified experts before making any investment decisions.