Last updated on July 23, 2024
Tunwal E-Motors IPO description – Tunwal E-Motors has rapidly grown as a major electric vehicle player specializing in the design, development, manufacturing, and distribution of high-quality electric two-wheelers with a state-of-the-art manufacturing facility strategically located at Parsana, Rajasthan.
Founded in 2018, the company is registered with the Bureau of Indian Standards and US SAE International has confirmed the company’s World Manufacturer Identifier. As of 31 March 2024, it had 64 permanent employees. The company trains its employees regularly to increase operational excellence, improve productivity, and maintain compliance standards for quality and safety.
The company has launched over 23 different models catering to various needs and segments in the Indian market. The company’s manufacturing process ensures that its electric bikes meet high-quality standards and safety regulations with a total annual production capacity of 41,000 units at its Parsana plant. It is present in 19 states through a network of around 256 dealers in India. When a dealer is appointed, the company requires them to provide after-sales services such as routine maintenance, battery management, diagnostics, safety checks, and component replacement to customers.
Promoters of Tunwal E-Motors – Jhumarmal Pannaram Tunwal
Table of Contents
Tunwal E-Motors IPO Details
| Tunwal E-Motors IPO Dates | 15 – 18 July 2024 |
| Tunwal E-Motors Issue Price | INR 59 per share |
| Fresh issue | 1,38,50,000 shares (INR 81.72 crore) |
| Offer For Sale | 57,50,000 shares (INR 33.93 crore) |
| Total IPO size | 1,96,00,000 shares (INR 115.65 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,18,000) |
| Face Value | INR 2 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Tunwal E-Motors Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 75.46 | 76.50 | 104.60 |
| Expenses | 72.42 | 71.63 | 89.77 |
| Net income | 2.34 | 3.72 | 11.81 |
Tunwal E-Motors Offer News
- Tunwal E-Motors IPO Subscription Status
- Tunwal E-Motors RHP
- Tunwal E-Motors Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Tunwal E-Motors Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.21 | 1.81 | 2.85 |
| PE ratio | – | – | 20.70 |
| RONW (%) | 55.12 | 45.32 | 57.53 |
| NAV | 8.25 | 3.98 | 4.95 |
| ROCE (%) | 27.13 | 31.97 | 59.38 |
| EBITDA (%) | 5.74 | 8.64 | 17.05 |
| Debt/Equity | 3.20 | 2.30 | 1.00 |
Tunwal E-Motors IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 22 July 2024 | 10 | – | 13,000 |
| 20 July 2024 | 12 | – | 13,500 |
| 19 July 2024 | 12 | – | 13,500 |
| 18 July 2024 | 12 | – | 15,000 |
| 17 July 2024 | 15 | – | 20,000 |
| 16 July 2024 | 20 | – | 28,000 |
| 15 July 2024 | 25 | – | 37,000 |
| 12 July 2024 | 25 | – | 35,000 |
Tunwal E-Motors IPO Allotment Status
Tunwal E-Motors IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Tunwal E-Motors IPO Dates & Listing Performance
| IPO Opening Date | 15 July 2024 |
| IPO Closing Date | 18 July 2024 |
| Finalization of Basis of Allotment | 19 July 2024 |
| Initiation of refunds | 22 July 2024 |
| Transfer of shares to demat accounts | 22 July 2024 |
| IPO Listing Date | 23 July 2024 |
| Opening Price on NSE SME | INR 64 per share (up 8.47%) |
| Closing Price on NSE SME | INR 60.80 per share (up 3.05%) |
Tunwal E-Motors Offer Lead Manager
HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91 33 4600 0607
Email:Â [email protected]
Website: www.horizonmanagement.in
Tunwal E-Motors Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone:Â +91-11-40450193-197
Email:Â [email protected]
Website:Â www.skylinerta.com
Tunwal E-Motors Issue Contact Details
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, 411030 Maharashtra
Phone: +91-20-24336001
E-mail: [email protected]
Website: www.tunwal.com
IPO FAQs
What is the Tunwal E-Motors offer size?
Tunwal E-Motors offer size is INR 115.65 crores.
What is the Tunwal E-Motors offer price band?
Tunwal E-Motors public offer price is INR 59 per share.
What is the lot size of the Tunwal E-Motors IPO?
Tunwal E-Motors offer a lot size is 2,000 shares.
What is Tunwal E-Motors IPO GMP today?
Tunwal E-Motors IPO GMP today is INR 10 per share.
What is the Tunwal E-Motors kostak rate today?
Tunwal E-Motors kostak rate today is INR NA per application.
What is Tunwal E-Motors Subject to the Sauda rate today?
Tunwal E-Motors is Subject to the Sauda rate today is INR 13,000 per application.
