Tunwal E-Motors IPO GMP, Dates, Price, & Allotment Details 2024

Tunwal E-Motors IPO

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 :

DetailsValuation
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
Tinwal E Motors IPO Review

👉 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

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.

CategoryLotShareAmount
Retail (Min) :12000₹118000
Retail (Max) :12000₹118000
S-HNI (Min) :24000₹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.

CategoryReservationSharesAmount 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.

YearEPS (₹)RoNW %NAV (₹)
20242.8557.534.95
20231.8145.323.98
20221.2155.128.25

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.

CompanyPE Ratio
Wardwizard Innovations117.96
TVS Motors66.33

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) :

YearRevenueExpensePAT
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
Tunwal E Motors IPO

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.

Tunwal E-Motors IPO GMP, Dates, Price, & Allotment Details 2024

Trade with LTP Calculator

X