Tunwal E-Motors Limited IPO
Tunwal E-Motors Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹59 per share. The stock debuted at ₹64, delivering a listing gain of 8.5%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,18,000.
Tunwal E-Motors Limited IPO
- IPO Dates
- Jul 15, 2024 – Jul 18, 2024
- Price band
- ₹59 per equity share
- Minimum Investment
- ₹1,18,000
- Issue size
- ₹115.64 Cr
- Lot size
- 2000
- Allotment Date
- Jul 19, 2024
- Listing
- Jul 23, 2024
- Listing At
- NSE SME
IPO timeline
-
Jul 15, 2024
Open Date
Completed
-
Jul 18, 2024
Close Date
Completed
-
Jul 19, 2024
Allotment Date
Completed
-
Jul 23, 2024
Listing Date
Completed
Tunwal E-Motors Limited IPO Essentials
Tunwal E-Motors Limited IPO Details
Tunwal E-Motors Limited IPO is priced at ₹59 per share with a total issue size of 115.64 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹59 per equity share
- Lot size
- 2000 shares
- Face value
- ₹2 Per Equity Share
- 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) - Total issue size
- 1,96,00,000 shares
(aggregating up to ₹115.64 crore) - Fresh issue
- 1,38,50,000 shares
(aggregating up to ₹81.72 crore) - Offer for sale (OFS)
- 57,50,000 shares
(aggregating up to ₹33.93 crore) - Listing at
- NSE SME
- List price
- 64.0
- Listing date
- Registrar
- Skyline Financial Services Private Ltd
- Lead manager
-
Horizon Financial Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,18,000 |
| Retail(max) | 1 | 2000 | ₹1,18,000 |
| NII (min) | 2 | 4000 | ₹2,36,000 |
Tunwal E-Motors Limited IPO Reservation
Tunwal E-Motors Limited IPO reservation details show category-wise allocation of shares. Out of the total 1,96,00,000 shares, approximately 47.5% for retail investors, 5% for market maker, and 0% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 9,80,000 (5%) | |
| Retail Shares Offered | 93,10,000 (47.5%) | |
| Total Shares Offered | 1,96,00,000 (100%) |
Tunwal E-Motors Limited IPO Analytics
Tunwal E-Motors Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Tunwal E-Motors Limited IPO Subscription Status
Tunwal E-Motors Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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 |
Tunwal E-Motors Limited Valuations
Earnings
- EPS Pre IPO
- ₹2.85/-
- EPS Post IPO
- ₹2.14/-
- P/E Pre IPO
- 20.71
- P/E Post IPO
- 27.62
Returns
- ROE
- 57.53%
- ROCE
- 59.38%
- RoNW
- 57.53%
- PAT Margin
- 11.29
Fundamentals
- Debt / Equity
- 1.00
- Price / Book
- 11.92
Tunwal E-Motors Limited Financials( In Lakhs)
| 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 |
Tunwal E-Motors Limited Company & Offer Insights
About Tunwal E-Motors Limited
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)
Jhumarmal Pannaram Tunwal, Amitkumar Pannaram Mali, Jhumarmal Pannaram Tunwal HUF are the company's promoters of Tunwal E-Motors Limited.
Tunwal E-Motors Limited IPO Issue Objectives
- •
- Funding of working capital requirements of the Company.
- •
- Research & Development
- •
- Pursuing Inorganic Growth
- •
- General Corporate Expenses
Tunwal E-Motors Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Tunwal E-Motors Limited | 2.85 | 2.85 | N/A | 20.7 | 57.53 | N/A | Standalone |
| Wardwizard Innovations & Mobility Limited | 0.52 | 0.52 | N/A | 117.96 | 13.27 | N/A | Standalone |
| TVS Motors | 35.5 | 35.5 | N/A | 66.33 | 23.68 | N/A | Standalone |
Notes:
- EPS is taken from audited financial statements.
- P/E Ratio has been computed based on the closing market price of equity shares on BSE on July 1, 2024, divided by the Basic EPS as at March 31, 2024.
- Return on Net Worth (%) = Profit for the year ended March 31, 2024 divided by Total Equity of the Company as on March 31, 2024.
- NAV is computed as the Total Equity of the Company as on March 31, 2023 divided by the outstanding number of equity shares as on March 31, 2024.
Contact Information
Contact Details
Tunwal E-Motors Limited
+91-20-24336001
Rama Icon Commercial Building, Office No 501, S.No 24/2, C.T.S, No. 2164, lot No. 31/11 Sadashiv Peth, Pune
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Frequently Asked Questions
Click any question to reveal the answer
Tunwal E-Motors Limited IPO is a Fixed Priced IPO worth ₹115.64 crore. The issue price is ₹59 per share (fixed price). The IPO opens on Jul 15, 2024 and closes on Jul 18, 2024. It will be listed on NSE SME Platform. Skyline Financial Services Private Ltd is the registrar.
The issue price of Tunwal E-Motors Limited IPO is ₹59 per share (fixed price).
The lot size of Tunwal E-Motors Limited IPO is 2000 shares.
The minimum investment for Tunwal E-Motors Limited IPO is approximately ₹1,18,000 based on the issue price .
Tunwal E-Motors Limited IPO opens on Jul 15, 2024 and closes on Jul 18, 2024.
The allotment date of Tunwal E-Motors Limited IPO is Jul 19, 2024.
Tunwal E-Motors Limited IPO is expected to be listed on Jul 23, 2024, on NSE SME Platform.
Tunwal E-Motors Limited IPO valuation snapshot: P/E 27.62, EPS ₹2.14/-, P/B 11.92, RoNW 57.53%, and market cap N/A.
To apply for Tunwal E-Motors Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Tunwal E-Motors Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Tunwal E-Motors Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Tunwal E-Motors Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Tunwal E-Motors Limited IPO allotment status on IPO Ji for quick and easy access.