The Tunwal E Motors IPO Subscription Status started on July 15, 2024, and it is also being subscribed to by NII, and RII. The Tunwal E Motors IPO opened on July 15, 2024, and closes on July 18, 2024. Tunwal E Motors IPO is preparing to raise ₹115.64 crores through its Fresh Issue and Offer for Sale, in which the Fresh Issue is ₹81.72 crores and the Offer Sale is ₹33.93 crores and the Tunwal E Motors IPO price band is fixed at ₹59 per share. 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.
Tunwal E Motors IPO reserved shares in this IPO, 50% NII, and 50% for the retail category have been reserved. To know the Tunwal E Motors IPO Subscription Status, you can see the below-day Subscription.
Tunwal 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 Subscription Status {Live Update} :
The total Tunwal E Motors IPO Subscription Status subscribed 12.31x times so far, NII subscribed 7.61x times & RII 16.64x times on Day 3. (Closed)
| Category | Day 1 | Day 2 | Day 3 |
| NII : | 1.04x | 1.41x | 7.61x |
| RII : | 2.96x | 4.95x | 16.64x |
| Total : | 2.00x | 3.18x | 12.31x |
Tunwal E Motors IPO Shares Offer :
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 |
Investor Categories Define :
■ Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds, insurance companies, and pension schemes.
■ Non-Institutional Investors(NII): Retail Individual Investors, NRIs, Companies, Trusts, etc
● sNII (bids below Rs 10L): The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category.● bNII (bids above Rs 10L): The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory.
■ Retail Individual Investors (RII): Retail Individual Investors or NRIs
■ Employee (EMP): Eligible Employees
■ Others: Eligible Shareholders
Tunwal E Motors IPO Subscription Status FAQs :
How much was the total Tunwal E Motors IPO Subscription Status?
The total Tunwal E Motors IPO Subscription Status is 12.31x times Day 3.
How much is the Tunwal E Motors IPO retail subscription Status?
Tunwal E Motors IPO Retail Subscription 16.64x times Day 3.
How much did Tunwal E Motors IPO NII subscribe?
Tunwal E Motors IPO NII Subscription 7.61x times Day 3.
When is Tunwal E Motors’s IPO Allotment Date?
Tunwal E Motors’s IPO allotment date is July 19, 2024.
When is Tunwal E Motors’s IPO Listing Date?
Tunwal E Motors’s IPO listing date is July 23, 2024. The IPO is to be 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 IPO GMP: Click Here Tunwal E Motors IPO Details: Click Here Tunwal E Motors IPO Allotment: Click Here Tunwal E Motors IPO 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.
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