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Home All IPOs Tunwal E-Motors Ltd. IPO
Tunwal E-Motors Ltd. IPO
NSE SME Mainboard Fresh Capital & OFS Closed Live Chart
GMP +₹0 +0% Est. Listing ₹59
Issue Price
₹59
Face ₹2
GMP
+₹0
+0% premium
Est. Listing
₹59
GMP based
Lot Size
2,000
shares / lot
Min Amount
₹118,000
1 lot · 2,000 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
15 Jul 2024
Mon Completed
Done
Close Date
18 Jul 2024
Thu Completed
Done
Allotment
19 Jul 2024
Fri Completed
Done
Refund
22 Jul 2024
Mon Completed
Done
Demat Credit
22 Jul 2024
Mon Completed
Done
Listing Date
23 Jul 2024
Tue Completed
UPI Deadline: 18 Jul 2024
Issue Details
Pricing & Size
Issue Price
₹59 Face ₹2
Lot Size
2,000 shares
Min Investment
₹118,000
Total Issue Size
1,96,00,000 shares (agg. up to ₹116 Cr)
IPO Information
Issue Type
Mainboard
Sale Type
Fresh Capital & OFS
Listing Exchange
NSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
9,80,000 (5.00%)
QIB Portion
-
NII / HNI
93,10,000 (47.50%)
Retail
93,10,000 (47.50%)
Employee
-
Net Offer to Public
1,86,20,000 shares (agg. up to ₹110 Cr)
Shareholding Pattern
Pre-Issue Shareholding
4,14,51,080 shares
Post-Issue Shareholding
5,53,01,080 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 2,000 ₹1,18,000
HNI / NII 2 4,000 ₹2,36,000
Objects of Issue
4 objectives
1
Funding of working capital requirements of the Company.
35.00 Cr
2
Research & Development
5.00 Cr
3
Pursuing Inorganic Growth
5.00 Cr
4
General Corporate Expenses
20.41 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Horizon Management Pvt.Ltd.
Market Maker
Nikunj Stock Brokers Ltd.
Giriraj Stock Broking Pvt.Ltd
IPO Timeline
Open
15 Jul
✓ Done
Close
18 Jul
✓ Done
Allotment
19 Jul
✓ Done
Listing
23 Jul
✓ Done
Registrar Details
Skyline Financial Services Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
02228511022
Email
ipo@skylinerta.com
Company Contact
Email
cs@tunwal.com
Phone
+91-20-24336001
Address
Rama Icon Commercial Building, Office No 501, S.No 24/2, C.T.S, No. 2164, Plot No. 31/11 Sadashiv Peth, Pune, Maharashtra, 411030
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹59
Est. Listing
₹59
Lot Size
2,000 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Tunwal E-Motors Ltd. LIVE
INR ·
vs Issue
Open
High
Low
Mkt Cap
P/E
52W H
52W L
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| Price
Market Reference
IPO Issue Price
₹59
GMP
+₹0 (+0%)
GMP Est. Listing
₹59
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
NII / HNI (Total) 93,10,000 (47.50%) ₹5,492.90 Cr
Retail Investors 93,10,000 (47.50%) ₹5,492.90 Cr
Total ** 1,96,00,000 (100.00%) ₹115,640.00 Cr
Market Maker * 9,80,000 (5.00%) ₹57.82 Cr
* Based on ₹59.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
NII
93,10,000 (47.50%)
Retail
93,10,000 (47.50%)
Market Maker
9,80,000 (5.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Lakhs
Metric31 Mar 202431 Mar 202331 Mar 2022
Revenue10553.697655.747566.42
PAT1181.17372.48233.94
EBITDA
Net Worth2053.08821.91424.43
Total Assets7582.975694.495037.44
Reserves1224.06409.40321.55
Borrowings
Key Financial Ratios
57.53%
ROE
Return on Equity
59.38%
ROCE
Return on Capital Employed
57.53%
RONW
Return on Net Worth
11.29%
PAT Margin
PAT / Revenue
1.00
D/E Ratio
Debt to Equity
11.92
P/BV
Price to Book Value
2.85
Pre EPS
EPS Pre-Issue
2.14
Post EPS
EPS Post-Issue
20.71
Pre P/E
P/E Pre-Issue
27.62
Post P/E
P/E Post-Issue
About Tunwal E-Motors Ltd.

Incorporated in December 2018, Tunwal E-Motors Limited is an electric vehicle (EV) manufacturing company that specializes in designing, developing, manufacturing, and distributing high-quality electric two-wheelers.

The company has introduced over 23 different models in the local market to cater to various needs.

The company has its presence in 19 states through a network of more than 256 dealers.

The company has 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.

The manufacturing unit of the company is located in Palsana, Sikar spread across an area of 8000 square meters.

Tunwal E-Motors Ltd manufactures electric bikes at its plant in Palsana and has the capacity to produce up to 41000 units.

As of March 31, 2024, the company had 64 permanent employees. The company trains its employees regularly to increase operational excellence, improve productivity, and maintain compliance standards for quality and safety.

Frequently Asked Questions
What is the issue price of Tunwal E-Motors Ltd. IPO?
The issue price of Tunwal E-Motors Ltd. IPO is ₹59 per share, face value ₹2.
What is the lot size?
Minimum lot size is 2,000 shares, requiring ₹118,000.
What are the IPO dates?
Opens 15 Jul 2024, closes 18 Jul 2024.
When is the listing date?
Tentative listing: 23 Jul 2024 on NSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹59 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Tunwal E-Motors Ltd. IPO · Expected 19 Jul 2024

Check on Registrar
Post-IPO Timeline
Allotment Date
19 Jul 2024
Refund Initiation
22 Jul 2024
Demat Credit
22 Jul 2024
Listing Date
23 Jul 2024
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹59
Face ₹2
Lot Size
2,000
shares / lot
Min Amount
₹118,000
1 lot
Est. Listing
₹59
GMP +₹0
Key Dates
Open
15 Jul Done
Close
18 Jul Done
Listing
23 Jul Done
Registrar
Skyline Financial Services Pvt.Ltd
A
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