Tunwal E-Motors IPO Subscription Status

Tunwal E-Motors IPO subscription started on 15 July 2024 and will close on 18 July 2024. Tunwal E-Motors plans to raise around INR 115.65 crores via the IPO. The price band is fixed at INR 59 per share. The Tunwal E-Motors IPO market lot has 2,000 shares and the minimum application amount is INR 1,18,000. The retail quota is 50%, and QIB and NII are 50%.

Check Tunwal E-Motors IPO subscription status here. The subscription figures are taken from NSE Emerge and are updated at regular intervals. The public issue has QIB, NII, and Retail categories for the subscription. Here you can find Tunwal E-Motors IPO subscription status segregated by days and investor categories.

Tunwal E-Motors IPO Subscription Status – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	93,10,000	93,10,000	1,86,20,000
18 Jul 2024	7.71	16.64	12.18
16 Jul 2024	1.50	4.86	3.18
15 Jul 2024	1.03	2.86	1.95

The market maker reservation portion of 9,80,000 shares is not included in the above calculations.

Tunwal E-Motors is a 100% electric two-wheeler manufacturing company established in 2013 with a mission to create eco-friendly and cost-effective electric vehicles. 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.

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.

Investor Categories in Tunwal E-Motors IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the Tunwal E-Motors IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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Tunwal E-Motors IPO Subscription Status FAQs