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Tunwal E-Motors Ltd

Automobile

Offer Period :

15th to 18th Jul 2024

Tunwal E-Motors Limited, established in December 2018, specializes in electric two-wheelers with over 23 models. With a manufacturing unit in Palsana, Read more...it has a production capacity of 41,000 units and a network of 256 dealers across 19 states, offering comprehensive after-sales services.Read less

Tunwal E-Motors Ltd IPO Details

IPO Date 15th to 18th Jul 2024 Minimum Investment ₹118000 / 1 Lots
Listing Date 2024-07-23 Maximum Investment ₹118000 / 1 Lots
Face Value ₹2 per share Total Issue Size ₹115.64 Crores
Price ₹59 to ₹59 per share Fresh Issue ₹81.72 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 33.92
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 15th to 18th Jul 2024
Listing Date 2024-07-23
Face Value ₹2 per share
Price ₹59 to ₹59 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹118000 / 1 Lots
Maximum Investment ₹118000 / 1 Lots
Total Issue Size ₹115.64 Crores
Fresh Issue ₹81.72 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

15th Jul

IPO Starts

18th Jul

IPO Ends

19th Jul

Allotment Date

22nd Jul

Initiation of Refund

22nd Jul

Credit of Shares to Demat Account

23rd Jul

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 96.55 61.97
Public Group 3.45 38.03

Tunwal E-Motors Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 9310000(47.5%)
Retail Shares Offered 9310000(47.5%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 19600000
Total Shares With Anchor Investor 19600000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Tunwal E-Motors Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number +91-11-40450193-197
Email Id ipo@skylinerta.com
Our Website www.skylinerta.com

Tunwal E-Motors Ltd IPO Lead Manager

1. Horizon Management Pvt Ltd

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Tunwal E-Motors Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Tunwal E-Motors Ltd

1. Pure EV player with an admirable position in the fast-growing Indian E2W market.

2. Recognized brand in the eyes of the distributors and consumers.

3. Present in 19 states through a distribution channel.

4. Selling a wide variety of products which are well accepted in the market.

5. Simple and innovative designs.

6. Founder led company supported by a highly experienced and professional leadership team.

7. Manufacturing both high speed and low speed two-wheeler vehicles.

8. Cost efficient sourcing and locational advantage.

Risks Involved

1. The Company and Promoter of the company are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before the court and regulatory authority. Any adverse decision may make it liable to liabilities/penalties and may adversely affect its reputation, business, and financial status.

2. Its success depends on the company's ability to successfully develop, introduce, manufacture, market and deliver new electric vehicle models of high quality on schedule and on a large scale, which may expose it to new and increased challenges and risks.

3. The company depends on third parties for the supply of raw materials and does not have firm commitments for supply or exclusive arrangements with any of its suppliers. Loss of suppliers may have an adverse effect on its business, results of operations and financial condition.

4. The company is dependent on few international suppliers for purchase of raw materials. Loss of any of these suppliers may affect its business operations.

5. The company depends on its distributors and dealers for its revenue, and any decrease in revenues or sales from any one of its key intermediaries may adversely affect the company's business and results of operations.

6. Pricing pressure from its customers may adversely affect its gross margin and profitability. Inability to increase its prices, which may have a material adverse effect on the company's results of operations and financial condition.

7. The company could experience defects, quality issues or disruptions in the supply or increase in prices of components used in its electric vehicles thus increasing material costs and the price of its electric vehicles and impacting the company projected manufacturing, delivery timelines and profitability.

8. If the company is unable to anticipate, identify, understand and respond timely to rapidly evolving technological and market trends and preferences and develop new products to meet its customers' demands and to adapt to major changes and shifts in the automotive market, its business may be materially adversely affected.

9. The objects of the Issue include funding working capital requirements of the Company, which is based on certain assumptions and estimates.

10. If its electric vehicles contain defects, does not perform as per industry standards and/or fails to meet the performance levels as advertised, its brand and reputation and the company ability to develop, market and sell its electric vehicles could be adversely impacted, and the company may be compelled to undertake product recalls or similar corrective actions and face legal actions taken against it.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Tunwal E-Motors Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-07-23 77627 TUNWAL
INE0OXV01027
₹59 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹59 ₹59
Open ₹0 ₹64
Low ₹0 ₹60.8
High ₹0 ₹64
Low ₹0 ₹60.8

Frequently Asked Questions

What is Tunwal E-Motors Ltd IPO?

Answer Field

Tunwal E-Motors Ltd IPO is a SME IPO of 1,96,00,000 equity shares of a face value of ₹2 aggregating up to ₹115.64 Crores. The issue is priced at ₹59 to ₹59 per share. The minimum order quantity is 2000 Shares. The IPO opens on July 15, 2024, and closes on July 18, 2024. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Tunwal E-Motors Ltd IPO will open?

Answer Field

The Tunwal E-Motors Ltd IPO opens on July 15, 2024 and closes on July 18, 2024.

What is the lot size of Tunwal E-Motors Ltd?

Answer Field

Tunwal E-Motors Ltd lot size is 2000 shares, and the minimum amount required is ₹1,18,000.

How to apply for Tunwal E-Motors Ltd IPO?

Answer Field

You can apply in Tunwal E-Motors Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Tunwal E-Motors Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Tunwal E-Motors Ltd IPO will be done on July 19, 2024, and the allotted shares will be credited to your demat account by July 22, 2024.

When is Tunwal E-Motors Ltd IPO listing date?

Answer Field

The Tunwal E-Motors Ltd listing date is July 23, 2024.

Who is the registrar of Tunwal E-Motors Ltd IPO?

Answer Field

The registrar of Tunwal E-Motors Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Horizon Management Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Tunwal E-Motors Ltd IPO?

Answer Field

The fresh issue size is ₹81.72 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Tunwal E-Motors Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,18,000 amount.

How can I approve the UPI mandate request for Tunwal E-Motors Ltd IPO?

Answer Field

To apply for Tunwal E-Motors Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Tunwal E-Motors Ltd?

Answer Field

The price of each Tunwal E-Motors Ltd share will be ranging in between ₹59 to ₹59 per share.

What is the cut-off time for the UPI mandate for Tunwal E-Motors Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, July 18, 2024.

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