Tunwal E-Motors Limited IPO

NSE SME

Listed On: Jul 23, 2024 at ₹ 64.0

₹ 118000 /2000 Shares

Check Allotment

Tunwal E-Motors Limited IPO Details

15 Jul, 2024

Open Date

18 Jul, 2024

Close Date

19 Jul, 2024

Allotment Date

23 Jul, 2024

Listing Date

Issue Price

₹59 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

NSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

64.0

Listing Date

2024-07-23

Market Lot

2000 Shares (₹118,000/-)

Lead Manager

Horizon Financial Pvt Ltd

Issue Size

Total ₹115.64 Cr :
#Fresh Issue : 13,850,000 shares(aggregating up to ₹81.72 Cr) +
#OFS : 5,750,000 shares of ₹2(aggregating up to ₹33.93 Cr)

Retail Portion

50%

Subscription

12.18 times

IPO Docs

DRHP RHP

The IPO of Tunwal E-Motors Limited is priced at ₹59 per equity share, which has a face value of ₹2 Per Equity Share each. The company shall list its equity shares on NSE SME. Skyline Financial Services Private Ltd is the registrar of the issue.

Tunwal E-Motors Limited IPO bid opening date is from Jul 15, 2024 and the bid closing date was Jul 18, 2024.
Tunwal E-Motors Limited IPO allotment result will be available on Jul 19, 2024. The tentative listing date for Tunwal E-Motors Limited is Jul 23, 2024.

The total issue size is Total ₹115.64 Cr : #Fresh Issue : 13,850,000 shares(aggregating up to ₹81.72 Cr) + #OFS : 5,750,000 shares of ₹2(aggregating up to ₹33.93 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	9,310,000	9,310,000	18,620,000
Day 1 - 15-07-24 06:00 PM	1.04 x	2.96 x	2.00 x
Day 2 - 16-07-24 06:00 PM	1.41 x	4.95 x	3.18 x
Day 3 - 18-07-24 06:00 PM	7.71 x	16.64 x	12.18 x

Total No. of Applications: 77,458 (Approx)

Tunwal E-Motors Limited Valuations

EPS Pre IPO

₹2.85/-

EPS Post IPO

₹2.14/-

P/E Pre IPO

20.71

P/E Post IPO

27.62

ROE

57.53%

ROCE

59.38%

Debt/Equity

1.00

RoNW

57.53%

PAT Margin

11.29

Price to Book Value

11.92

Tunwal E-Motors Limited Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	7,582.97	5,694.49	5,037.44
Revenue	10,553.69	7,655.74	7,566.42
Profit After Tax	1,181.17	372.48	233.94

About The Company

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

The company has launched more than 23 models in the local market to meet diverse requirements.

The company is present in 19 states through its dealership network of more than 256 dealers.The company has around 256 dealers across India. At the time of appointment, it asks a dealer to offer 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 covering 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.

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

Tunwal E-Motors Limited - Promoter(s)

Pre Issue Share Holding: 97.04%

Post Issue Share Holding: 62.34%

Company Promoter(s)

Jhumarmal Pannaram Tunwal
Amitkumar Pannaram Mali
Jhumarmal Pannaram Tunwal HUF

Tunwal E-Motors Limited IPO - Issue Objectives

Funding of working capital requirements of the Company.
Research & Development
Pursuing Inorganic Growth
General Corporate Expenses

Other Details

Company Contact Details

Tunwal E-Motors Limited

Rama Icon Commercial Building, Office No 501, S.No 24/2, C.T.S, No. 2164, lot No. 31/11 Sadashiv Peth, Pune

Phone: +91-20-24336001

Email: cs@tunwal.com

Website: https://tunwal.com/

Registrar Contact Details

Skyline Financial Services Private Ltd

Phone: 02228511022

Email: ipo@skylinerta.com

Website: https://www.skylinerta.com/ipo.php

Tunwal E-Motors Limited IPO - FAQs

Ans. Tunwal E-Motors Limited IPO is a SME IPO. The issue is priced at ₹59 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jul 15, 2024, and closes on Jul 18, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Tunwal E-Motors Limited IPO opens on Jul 15, 2024 and closes on Jul 18, 2024.

Ans. The size of Tunwal E-Motors Limited IPO is Total ₹115.64 Cr : #Fresh Issue : 13,850,000 shares(aggregating up to ₹81.72 Cr) + #OFS : 5,750,000 shares of ₹2(aggregating up to ₹33.93 Cr).

Ans. The IPO price band is set between ₹59 per equity share.

Ans. To apply for Tunwal E-Motors Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Tunwal E-Motors Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Tunwal E-Motors Limited IPO is Jul 19, 2024.

Ans. The Tunwal E-Motors Limited IPO will be listed on Jul 23, 2024.

Ans. Follow the steps to check the allotment status for Tunwal E-Motors Limited IPO here.