Tunwal E-Motors IPO GMP, Review, Price, Allotment

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Last updated on July 12, 2024

Tunwal E-Motors IPO

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.

Tunwal E-Motors Ltd

Promoters of Tunwal E-Motors – Jhumarmal Pannaram Tunwal



Tunwal E-Motors IPO Details

Tunwal E-Motors IPO Dates15 – 18 July 2024
Tunwal E-Motors Issue PriceINR 59 per share
Fresh issue1,38,50,000 shares (INR 81.72 crore)
Offer For Sale57,50,000 shares (INR 33.93 crore)
Total IPO size1,96,00,000 shares (INR 115.65 crore)
Minimum bid (lot size) 2,000 shares (INR 1,18,000)
Face Value INR 2 per share
Retail Allocation50%
Listing OnNSE Emerge

Tunwal E-Motors Financial Performance

 FY 2022FY 2023FY 2024
Revenue75.4676.50104.60
Expenses72.4271.6389.77
Net income2.343.7211.81
Figures in INR Crores unless specified otherwise

Tunwal E-Motors Offer News


Tunwal E-Motors Valuations & Margins

FY 2022FY 2023FY 2024
EPS1.211.812.85
PE ratio20.70
RONW (%)55.1245.3257.53
NAV8.253.984.95
ROCE (%)27.1331.9759.38
EBITDA (%)5.748.6417.05
Debt/Equity 3.202.301.00
*Compiled by IPO Central from Prospectus

Tunwal E-Motors IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
12 July 20242535,000

Tunwal E-Motors IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of shares is not included in the above calculations.


Tunwal E-Motors IPO Allotment Status

Tunwal E-Motors IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.


Tunwal E-Motors IPO Dates & Listing Performance

IPO Opening Date15 July 2024
IPO Closing Date18 July 2024
Finalization of Basis of Allotment19 July 2024
Initiation of refunds22 July 2024
Transfer of shares to demat accounts22 July 2024
IPO Listing Date23 July 2024
Opening Price on NSE SMEComing soon
Closing Price on NSE SMEComing soon

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[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: +91-11-40450193-197
Email: [email protected]
Website: 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 25 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 35,000 per application.

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