Tunwal E-Motors IPO will be Open on July 15, 2024, and closes on July 18, 2024. The company has fixed the price of this IPO at ₹59 according to the face value of ₹2. The company will raise ₹115.64 Crores through this IPO under the 19,600,000 Equity Shares public issue, and the offer is a 100% Fixed Price Issue. The company reserve quota in this IPO is 50% for NII and 50% for Retail Investor. You can check Tunwal E-Motors IPO GMP here.
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. 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.
The company’s new-age production facility strategically located in Palsana, Rajasthan, Tunwal E-Motors leverages efficient manufacturing/assembly processes to meet the burgeoning demand for electric scooters. The company has a presence in 19 states through a network of more than 256 dealers.
Tunwal E-Motors Ltd’s comprehensive business model and commitment to excellence position it as an emerging player in India’s electric vehicle landscape, poised for sustained growth and success. You can check Tunwal E-Motors IPO subscription status here.
Objects Of The Issue :
- Funding of working capital requirements of the Company.
- Research & Development.
- Pursuing Inorganic Growth.
- General Corporate Expenses.
Company Strengths :
- 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 that 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.
| Read also: Upcoming IPO List 2024 |
Tunwal E-Motors IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹11.81 Cr ₹59 /EQ 2.85 20.70x 57.53 % 57.53 % 59.38 % 1.00 ₹4.95 ₹75.83 Cr ₹326.28 Cr 97.04 % 62.34 % |
| Team Review : | ✔ Apply For Long Term |
👉 Tunwal E Motors IPO Show Review ….👈
- ■ The company one of the emerging company in EV-2-wheeler sector.
- ■ The company top & bottom line posted contineous growth.
- ■ The PE ratio of the company is very attractive.
- ■ The company Issue price is slightly aggressive based on the PE Ratio but the company growth line is clear.
- ■ Based on FY24 the issue appears fully priced, Investors can bid the long-term investing.
Tunwal E-Motors IPO, Price Band & Details :
| Issue Type : | Fixed Price Issue |
| IPO Open : | July 15, 2024 |
| IPO Close : | July 18, 2024 |
| Face Value : | ₹2 Equity Share |
| Price Band : | ₹90-₹95 Per Share |
| Listing On : | NSE, SME |
| Issue Size : | ₹115.64 Cr {19,600,000 Shares} |
| Fresh Issue : | ₹81.72 Cr {13,850,000 Shares} |
| Offer For Sale : | ₹33.93 Cr {5,750,000 Shares} |
Tunwal E-Motors IPO Market Lot :
Tunwal E-Motors IPO Minimum Market lot is 1 Lot with 2000 shares with ₹118000 Application amount. The retail investors can apply up to 2 lots with 4000 Shares or ₹236000 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 2000 | ₹118000 |
| Retail (Max) : | 1 | 2000 | ₹118000 |
| S-HNI (Min) : | 2 | 4000 | ₹236000 |
Tunwal E-Motors IPO Net Reservation :
Tunwal E-Motors IPO Net Reservation of 19,600,000 shares is to be bid for the public issue by Tunwal E-Motors IPO with 93,10,000 for NII and 93,10,000 for RII.
| Category | Reservation | Shares | Amount Cr |
| NII : | 47.50% | 93,10,000 | ₹54.93 |
| RII : | 47.50% | 93,10,000 | ₹54.93 |
| MMRP : | 5.00% | 980,000 | ₹5.78 |
| Total : | 100% | 19,600,000 | ₹115.64 |
Tunwal E-Motors IPO EPS & RoNW :
The Tunwal E-Motors company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (₹) | RoNW % | NAV (₹) |
| 2024 | 2.85 | 57.53 | 4.95 |
| 2023 | 1.81 | 45.32 | 3.98 |
| 2022 | 1.21 | 55.12 | 8.25 |
Tunwal E-Motors IPO Peer Comparison PE :
The Tunwal E-Motors, According to the RHP of the company is listed whose PE Multiple is shown in this table.
| Company | PE Ratio |
| Wardwizard Innovations | 117.96 |
| TVS Motors | 66.33 |
Tunwal E-Motors IPO Dates :
Tunwal E-Motors IPO Date is July 15, 2024, and closes on July 18, 2024. The allotment will be finalized on July 19, 2024, and the IPO may be listed on July 23, 2024.
| Issue Open Date : | July 15, 2024 |
| Issue Close Date : | July 18, 2024 |
| Allotment Date : | July 19, 2024 |
| Refund Date : | July 22, 2024 |
| Share Credit Date : | July 22, 2024 |
| Listing Date : | July 23, 2024 |
Tunwal E-Motors IPO Form :
There are two ways to apply for Tunwal E-Motors IPO. You can apply for Tunwal E-Motors IPO through ASBA available in your bank account. You have to go to your online bank login select Tunwal E-Motors IPO in the Invest section and apply through your bank account. Another option is you apply for Tunwal E-Motors IPO through an IPO form downloaded through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Tunwal E-Motors Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2024 | ₹10,553.69 | ₹8,977.00 | ₹1,181.17 |
| 2023 | ₹7,655.74 | ₹7,163.05 | ₹372.48 |
| 2022 | ₹7,566.42 | ₹7,242.07 | ₹233.94 |
Company Promoters :
■ Jhumarmal Pannaram Tunwal
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investors
Tunwal E-Motors IPO Lead Managers :
■ Horizon Management Private Limited
Tunwal E-Motors IPO Registrar :
Skyline Financial Services Pvt Ltd
D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New
Delhi-110020, India
Telephone: +91-11-40450193-197
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.skylinerta.com
Note: Check Tunwal E-Motors IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Tunwal E-Motors Limited
Rama Icon Commercial Building,
Office No 501, S.No 24/2, C.T.S, No. 2164,
Plot No. 31/11 Sadashiv Peth, Pune, 4110
Phone: +91-20-24336001
Email: [email protected]
Website: https://tunwal.com/
Tunwal E-Motors IPO FAQs :
What is Tunwal E-Motors IPO?
Tunwal E-Motors IPO is SME IPO. They are going to raise ₹115.64 Crores via IPO. The issue is priced at ₹59 per equity share. The IPO is to be listed on NSE, SME.
When Tunwal E-Motors IPO will open?
The IPO is to open from July 15 to July 18, 2024, for QIB, NII & RII.
How much is Tunwal E-Motors’s IPO Size?
Tunwal E-Motors’s IPO size is ₹115.64 Crores.
How much is the Fresh issue size of Tunwal E-Motors IPO?
The Fresh issue size of Tunwal E-Motors IPO ₹81.72 Cr.
What is Tunwal E-Motors IPO Price Band?
Tunwal E-Motors IPO Price Band is ₹59 Per share.
What is the Tunwal E-Motors IPO Minimum and Maximum Lot Size?
The minimum bid is 2000 Shares with ₹118,000 amount while the maximum bid is 4000 shares with ₹236,000.
How Much is Tunwal E-Motors IPO Investors Portion?
The investors’ portion for 50%, NII 50%, RII.
When is the Tunwal E-Motors IPO Allotment Date?
Tunwal E-Motors IPO allotment date is July 19, 2024
When is the Tunwal E-Motors IPO Listing Date?
Tunwal E-Motors IPO listing date is July 23, 2024. The IPO to listed on NSE, SME.
How to Apply the Tunwal E-Motors IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Tunwal E-Motors IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Tunwal E-Motors IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Tunwal E-Motors IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Tunwal E-Motors IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Tunwal E-Motors IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Tunwal E-Motors IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Tunwal E-Motors IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Tunwal E-Motors GMP: Click Here Tunwal E-Motors Subscription: Click Here Tunwal E-Motors Allotment: Click Here Tunwal E-Motors Listing: Click Here |
All Tunwal E-Motors IPO-related links are available here. If you want to know the details then click on the Click Here Link.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME-RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.