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Tunwal E-Motors SME IPO Details 2024

SME IPO Status: Open [15th Jul 2024 to 18th Jul 2024]

Rated 3/5 by Team InvestorGain
Tunwal E-Motors SME IPO Detail

Tunwal E-Motors IPO, a SME IPO of ₹115.64 Cr opens for subscription from 15-07-2024 to 18-07-2024. The IPO consists of ₹81.72 Cr fresh issue and ₹33.93 Cr offer for sale.

The face value is Rs 2 and the price band is fixed at 59.00 per share. You can apply to the Tunwal E-Motors SME IPO for a minimum lot of 2000 shares amounting of Rs 118000.

The tentative listing date on the exchange (NSE SME) is 23-07-2024.

Stay tuned with us to get more details about Tunwal E-Motors SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.

Tunwal E-Motors SME IPO Details

SME IPO Issue Opening Date: 15th Jul 2024
SME IPO Issue Closing Date: 18th Jul 2024
SME IPO Issue Price: ₹59.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
IPO Listing At: NSE SME
Retail Quota: 50% of the Net issue
SME IPO Issue Type: Fixed Price Issue
SME IPO Issue Size: ₹115.64 Cr
Offer for Sale: ₹33.93 Cr
Fresh Issue: ₹81.72 Cr
Face Value: ₹2 Per Equity Share
SME IPO Discount: TBD
Promoter Holding Pre IPO: 97.04%
Promoter Holding Post IPO: 62.34%

Tunwal E-Motors SME IPO Important Dates

Get important updates regarding Tunwal E-Motors SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Tunwal E-Motors SME IPO dates
SME IPO Activity Date
Basis of Allotment Date* 19th Jul 2024
Refunds Initiation* 22nd Jul 2024
Credit of Shares to Demat* 22nd Jul 2024
SME IPO Listing Date* 23rd Jul 2024

* - Tentative Dates

Tunwal E-Motors SME IPO Lots

SME IPO Activity Date
Issue Price ₹59.00
Market Lot: 2000 Shares
1 Lot Amount: ₹118000
Min HNI Lots: 4000 shares (2 lots)- ₹236000

Tunwal E-Motors IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
16-07-202459.001015200₹69 (16.95%)17-Jul-2024 0:32
IPO Live GMP

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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Tunwal E-Motors

Established in December 2018, Tunwal E-Motors Limited is one of the emerging companies in the EV-2-Wheeler industry, dedicated to innovation in the manufacturing of EV-2-Wheeler. Over the years, the company has achieved a 346% increase in sales, launched more than 23 models including 7 variants of 2-wheelers, built a dealer base of over 225 across India and established a presence in 19 states. The founder, Jhumarmal Pannaram Tunwal, was previously in the same industry, manufacturing and selling electric vehicles through his own company Tunwal Electrionics.

This company has a tight organizational hierarchy with key departments managing various aspects of the business. At the center is the sales and marketing department, which is responsible for developing and implementing effective sales strategies and managing the various distribution channels. At the same time, the accounting department ensures financial stability by overseeing financial management, budgeting, auditing and taxation.

Tunwal E-Motors has a state-of-the-art manufacturing facility in Palsana, Rajasthan, and utilizes efficient manufacturing and assembly processes to meet the growing demand for electric scooters. The company is registered with the Bureau of Indian Standards and SAE International, USA, has recognized the World Manufacturer Identifier (WMI) code for its company.

Tunwal E-Motors SME IPO Strengths

  • Experienced leadership backed by a professional team.
  • Consistent financial performance.
  • A wide product portfolio.
  • Well-developed and expanding dealder network.
  • Commitment to environment sustainability.
Incorporation Sector IPO Issue Size Website
2018 2/3 Wheelers ₹115.64 Cr https://tunwal.com/

Tunwal E-Motors SME IPO Objective

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

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

Our experts can help you prepare for SME IPO

Tunwal E-Motors SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 9,310,000 Shares
  • Retail Individual Investor: 9,310,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered9,310,000 (50%)9,310,000 (50%)18,620,000
115th Jul 2024 19:321.04x2.96x2.00x
216th Jul 2024 19:311.41x4.95x3.18x

Tunwal E-Motors Limited Financial Information (Restated)

Tunwal E-Motors Limited's revenue increased by 37.85% and profit after tax (PAT) rose by 217.11% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets7,582.975,694.495,037.44
Revenue10,553.697,655.747,566.42
Profit After Tax1,181.17372.48233.94
Net Worth2,053.08821.91424.43
Reserves and Surplus1,224.06409.40321.55
Amount in ₹ Lakhs

Tunwal E-Motors SME IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Tunwal E-Motors Limited2.852.8520.757.53
Wardwizard Innovations & Mobililty Limited0.520.52117.9613.27
TVS Motors35.535.566.3323.68

Company Address

Tunwal E-Motors Limited
Rama Icon Commercial Building,
Office No 501, S.No 24/2, C.T.S No. 2164,
Plot No. 31/11 Sadashiv Peth,
Pune ,Maharashtra-411 030
India
Website: https://tunwal.com/
Phone: +91-20-24336001
Email: [email protected]

Tunwal E-Motors SME IPO Registrar

Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Website: https://www.skylinerta.com/ipo.php
Phone: 02228511022
Email: [email protected]

Tunwal E-Motors SME IPO Lead Manager

Tunwal E-Motors SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Tunwal E-Motors? Should I apply in Tunwal E-Motors SME IPO?

Last Updated on 17-Jul-2024 00:32:51

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Tunwal E-Motors SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Tunwal E-Motors SME IPO with Zerodha.

Alternate approch to apply in Tunwal E-Motors SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Tunwal E-Motors SME IPO Review and Important Updates

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Apply in Tunwal E-Motors SME IPO online

To subscribe or apply in Tunwal E-Motors SME IPO, you can use the following methods:

MethodDetails
Tunwal E-Motors SME IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Tunwal E-Motors SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Tunwal E-Motors SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Tunwal E-Motors SME IPO. Most of the Syndicate Banks provide access to apply in Tunwal E-Motors IPO via ASBA process. You must have your net banking access, DP ID information to apply in Tunwal E-Motors SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Tunwal E-Motors SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Tunwal E-Motors SME IPO Review and Important Updates

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Tunwal E-Motors SME IPO Application is not yet available.

 

Tunwal E-Motors SME IPO is going to be list on 23-07-2024.

Other relevant questions:

When Tunwal E-Motors SME IPO will be listing? Tunwal E-Motors SME IPO listing date?Tunwal E-Motors SME IPO date of listing

 

Tunwal E-Motors SME IPO Allotment Date is 19-07-2024.

Other relevant questions:

Tunwal E-Motors SME IPO share allotment date?Tunwal E-Motors SME IPO allotment date?

 


User Reviews

4. ZMskyuza Jul 09 2024 01:02:51 PM Reply
Tunwal E-Motors SME IPO expected listing gain.
3. ZMskyuza Jul 09 2024 01:02:51 PM Reply
Please confirm Tunwal E-Motors SME IPO GMP (grey market premium) and kostak.
2. ZMskyuza Jul 09 2024 01:02:51 PM Reply
Tunwal E-Motors SME IPO good or bad.
1. ZMskyuza Jul 09 2024 01:02:51 PM Reply
Tunwal E-Motors SME IPO whether to invest or not.