The Tunwal E Motors IPO commenced on July 15, 2024, and concluded on July 18, 2024. The allotment of shares took place on July 19, 2024, and the initiation of refunds began on July 19, 2024. The shares were credited to the demat accounts of investors on July 22, 2024. Finally, the listing of Tunwal E Motors on the stock exchange occurred on July 23, 2024.
The Tunwal E Motors IPO was priced at ₹59 per share, with a lot size of 2000 shares. 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). The IPO was listed on the BSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Tunwal E Motors IPO Basic Details
| Company Name | Tunwal E Motors Limited |
| Domain of Company | Electric Vehicle Manufacturer |
| Tunwal E Motors IPO GMP Today | ₹25 |
| Tunwal E Motors IPO Listing Gain | 42.37% |
| Tunwal E Motors IPO Open Date | July 15, 2024 |
| Tunwal E Motors IPO Close Date | July 18, 2024 |
| Tunwal E Motors IPO Allotment Date | July 19, 2024 |
| Tunwal E Motors IPO Listing Date | 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 |
| Company Promoters | Jhumarmal Pannaram Tunwal, Amitkumar Pannaram Mali And Jhumarmal Pannaram Tunwal HUF |
Tunwal E Motors IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹25 | 42.37% | – | – |
| 12 July 2024 | ₹25 | 42.37% | – | – |
Tunwal E Motors IPO Details:
Founded in December 2018, Tunwal E-Motors Limited is a leading electric vehicle (EV) manufacturer focused on creating high-quality electric two-wheelers.
Diverse Model Range
Tunwal E-Motors offers over 23 different electric bike models, designed to meet various customer needs.
Widespread Presence
With a strong presence in 19 states, Tunwal E-Motors operates through a robust network of more than 256 dealers across India.
Comprehensive After-Sales Services
Tunwal E-Motors ensures top-notch after-sales services. Each dealer is required to provide routine maintenance, battery management, diagnostics, safety checks, and component replacement to customers.
Manufacturing Excellence
The company’s manufacturing unit in Palsana, Sikar, spans 8,000 square meters and boasts a production capacity of up to 41,000 units annually.
Dedicated Workforce
As of March 31, 2024, Tunwal E-Motors employs 64 permanent staff. The company emphasizes regular training to enhance operational excellence, boost productivity, and uphold high standards for quality and safety.
Tunwal E Motors IPO More Details Click Here
Tunwal E Motors IPO FAQs
When is Tunwal E Motors IPO open?
Tunwal E Motors IPO will open on 15 July 2024.
When is Tunwal E Motors IPO Close?
Tunwal E Motors IPO will be closed on 18 July 2024.
What is Tunwal E Motors IPO GMP Today?
The Tunwal E Motors IPO GMP aka Grey Market Premium is ₹25.
What is Tunwal E Motors IPO Kostak Rates Today?
The Tunwal E Motors IPO Kostak Rate is ₹000.
What is Tunwal E Motors IPO Subject to Sauda Price Today?
The Tunwal E Motors IPO subject to sauda rates is ₹000.
Tunwal E Motors IPO Expected Returns?
The Tunwal E Motors expected return is 42.37%.
How much will be the listing gain in Tunwal E Motors IPO?
Tunwal E Motors IPO will get listing gain of 42.37%. (Approx.)
