Tunwal E Motors IPO Details ( Tunwal E-Motors Limited IPO Review )
(15 July 2024 – 18 July 2024)
Founded in December 2018, Tunwal E-Motors Limited is a leading electric vehicle (EV) manufacturer specializing in designing, developing, and distributing high-quality electric two-wheelers.
They offer a diverse range of over 23 models tailored to meet various customer needs across India.
With a robust network of more than 256 dealers, Tunwal E-Motors Limited has established a strong presence in 19 states nationwide.
Each dealer is equipped to provide comprehensive after-sales services, including routine maintenance, battery management, diagnostics, safety checks, and component replacement.
Their manufacturing facility in Palsana, Sikar spans 8,000 square meters and has the capacity to produce up to 41,000 units annually.
As of March 31, 2024, Tunwal E-Motors Limited employs 64 dedicated staff members who receive ongoing training to ensure operational excellence, enhance productivity, and uphold stringent quality and safety standards.
Tunwal E Motors Limited IPO Competitive Strength
- Experienced Leadership Backed by a Professional Team
- Consistent Financial Performance
- A Wide Product Portfolio
- Well-Developed and Expanding Dealer Network
- Commitment to Environment Sustainability
Tunwal E-Motors IPO Financials Performance ( Results )
Tunwal E-Motors Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-22 | 5,037.44 | 7,566.42 | 233.94 | 424.43 | 424.43 | 321.55 |
| 31-Mar-23 | 5,694.49 | 7,655.74 | 372.48 | 821.91 | 821.91 | 409.40 |
| 31-Mar-24 | 7,582.97 | 10,553.69 | 1,181.17 | 2,053.08 | 2,053.08 | 1,224.06 |
Objective of Tunwal E-Motors IPO Issue
- Funding of working capital requirements of the Company.
- Research & Development
- Pursuing Inorganic Growth
- General Corporate Expenses
Tunwal E Motors IPO Basic Details
| IPO Date | July 15, 2024 to July 18, 2024 |
| Listing Date | Tuesday, July 23, 2024 |
| Face Value | ₹2 per share |
| Price | ₹59 per share |
| Lot Size | 2000 shares |
| Issue Size | 19,600,000 shares of ₹2 (aggregating up to ₹115.64 Cr) |
| Fresh Issue | 13,850,000 shares of ₹2 (aggregating up to ₹81.72 Cr) |
| Offer for Sale | 5,750,000 shares of ₹2 (aggregating up to ₹33.93 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 41,451,080 |
| Share holding post issue | 55,301,080 |
| Company Promoters | Jhumarmal Pannaram Tunwal, Amitkumar Pannaram Mali And Jhumarmal Pannaram Tunwal HUF |
Tunwal E Motors IPO Reservation
| Other Shares Offered | 50.00% of the Net Issue |
| Retail Shares Offered | 50.00% of the Net Issue |
| Total Shares Offered | 100.00% of the Net Issue |
Tunwal IPO Timetable
Tunwal IPO will open on July 15, 2024 and close on July 18, 2024. You can join Tunwal IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 15 July 2024 (Monday) |
| Closing Date | 18 July 2024 (Thursday) |
| Basis of Allotment | 19 July 2024 (Friday) |
| Initiation of Refunds | 22 July 2024 (Monday) |
| Credit of Shares to Demat | 22 July 2024 (Monday) |
| Listing Date | 23 July 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 18 July 2024 |
Tunwal E Motors IPO Lot Size
For retail investors in Tunwal E Motors IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹118,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹118,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| S-HNI (Min) | 2 | 4000 | ₹236,000 |
Tunwal E Motors IPO Promoter Holding
The company’s promoters include Jhumarmal Pannaram Tunwal, Amitkumar Pannaram Mali And Jhumarmal Pannaram Tunwal HUF.
| Pre Issue Share Holding | 97.04% |
| Post Issue Share Holding | 62.34% |
Tunwal E Motors Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 326.28 |
| Earning Per Share (EPS) | ₹2.85 per Equity Share |
| Net Asset Value (NAV) | ₹4.95 per Equity Share |
| P/E Ratio (P/E) (x) | 20.71 |
| Post P/E Ratio (P/E) (x) | 27.62 |
| Return on Net Worth (RoNW) (%) | 57.53 |
| Return on equity (ROE) (%) | 57.53 |
| Return on Capital Employed (ROCE) (%) | 59.38 |
| Debt/Equity Ratio | 1 |
| Price/Book Value Ratio | 11.92 |
Tunwal E Motors IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹25 | – | – |
| 12 July 2024 | ₹25 | – | – |
Tunwal E Motors IPO Detail Video:
link
Tunwal E Motors IPO Subscription Status (Bidding Detail)
The Tunwal E Motors IPO on July 18, 2024 at 6:19:58 PM was subscribed 12.31 times, with the retail category being subscribed 16.64 times, the other category being subscribed 7.61 times.
| Category | Subscription |
| Other | 7.61x |
| Retail | 16.64x |
| Total | 12.31x |
Tunwal E Motors IPO Prospectus
| Tunwal E Motors IPO DRHP | Download |
| Tunwal E Motors IPO RHP | Download |
| Tunwal E Motors IPO Anchor Investors Details PDF | Download |
Tunwal E Motors IPO Rating
| Our Rating | 3.0/5.0 |
Tunwal E Motors Company Contact Information
Tunwal E-Motors Limited
Registered Office: 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 India.
Contact Number: +91-20-24336001
E-mail: cs@tunwal.com
Website: www.tunwal.com
Contact Person: Bhavana Shivshankkar Sangoli, Company Secretary and Compliance Officer
The Promoter of Our Company is Jhumarmal Pannaram Tunwal
Tunwal E Motors IPO Registrar
Skyline Financial Services Private Limited
Registered Office: D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi-110020
Contact Number: +91-11-40450193-197
Email Address: ipo@skylinerta.com
Investor Grievance Email Address: grievances@skylinerta.com
Contact Person: Anuj Kumar
Website: www.skylinerta.com
SEBI Registration No.: INR000003241
CIN: U74899DL1995PTC071324
Tunwal E Motors IPO Lead Manager
Horizon Management Private Limited
Registered Office: 19 R N Mukherjee Road, Main Building, 2nd Floor, Kolkata- 700 001, West Bengal, India.
Telephone: +91 33 4600 0607
Facsimile: +91 33 4600 0607
E-mail: akash.das@horizon.net.co
Contact Person: Akash Das
Website: www.horizonmanagement.in
Investor grievance: investor.relations@horizon.net.co
SEBI Registration Number: INM000012926
Tunwal E Motors IPO FAQs
What is the lot size of Tunwal E Motors IPO?
The total size of Tunwal E Motors IPO is ₹115.64 crores out of which ₹81.72 crores is fresh issue and ₹33.93 crores is offer for sale (OFS).
When will Tunwal E Motors IPO start?
Tunwal E Motors IPO will open from 15 July 2024 and IPO will close on 18 July 2024.
What is the open date of Tunwal E Motors IPO?
Tunwal E Motors IPO will open date from 15 July 2024.
What is the last date ( close date ) of Tunwal E Motors IPO?
Tunwal E Motors IPO will close from 18 July 2024.
What is the price band of Tunwal E Motors IPO?
Tunwal E Motors IPO price band is ₹59.
What is the minimum amount required to apply for Tunwal E Motors IPO?
The minimum investment for retailers to apply for Tunwal E Motors IPO is ₹118,000 and the maximum investment is ₹118,000.
What is going on gray market premium of Tunwal E Motors IPO?
View gray market premium of Tunwal E Motors IPO by Clicking Here
How much is the GMP of Tunwal E Motors IPO?
Watch Tunwal E Motors IPO GMP Today: Click Here
What is the allotment date of Tunwal E Motors IPO?
The allotment date of Tunwal E Motors IPO is 19 July 2024.
How to check allotment status in Tunwal E Motors IPO?
To check the allotment status of Tunwal E Motors IPO, first of all go to the registrar website by clicking here, select your bad Tunwal E Motors IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Tunwal E Motors IPO?
The listing date of Tunwal E Motors IPO is 23 July 2024.
How much will be the listing gain in Tunwal E Motors IPO?
View listing gain of Tunwal E Motors IPO by Clicking Here
How much time Tunwal E Motors IPO is subscribed?
Total 12.31 times subscribed in Tunwal E Motors IPO out of which 16.64 times subscription was done in retail quota, 7.61 times subscription in other quota.
How to apply for Tunwal E Motors IPO from Upstox?
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