TUNWAL E-MOTORS LT...● IPO DETAIL GMPNIL STATUSListed IPOCloudTrack Every IPO TUNWAL E-MOTORS LT...● IPO DETAIL GMPNIL STATUSListed IPOCloudTrack Every IPO
Live GMP
Back to IPOs
Tunwal E-Motors Ltd.

Tunwal E-Motors Ltd.

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹59
₹59
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹59
Based on GMP
Min. Investment
₹118,000
1 lot × 2000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
15 Jul 2024
Close Date
18 Jul 2024
Allotment
19 Jul 2024
Listing Date
23 Jun 2024
Exchange
NSE SME
Price Band
₹59
Listing Price
See chart
Allotment Status
Price Band
₹59
Per share
Face Value
₹2 per share
 
Lot Size
2,000 Shares
per lot
Issue Size
1,96,00,000 shares (agg. up to ₹116 Cr)
Total offering
Issue Type
Book Built Issue
 
Min Investment
₹118,000
1 lot
Pre-IPO Holding
4,14,51,080 shares
Promoters
Post-IPO Holding
5,53,01,080 shares
Promoters
P/E (Pre)
20.71x
 
P/E (Post)
27.62x
 
EPS (Pre)
₹2.85
 
EPS (Post)
₹2.14
 
UPI Deadline
2024-07-18
Mandate
Anchor AllotmentSun, 14 Jul 2024
Basis of AllotmentFri, 19 Jul 2024
Refund InitiationMon, 22 Jul 2024
Demat CreditMon, 22 Jul 2024
Listing DaySun, 23 Jun 2024
UPI Mandate Deadline2024-07-18
Sale TypeFresh Capital & OFS
Net Offer to Public1,86,20,000 shares (agg. up to ₹110 Cr)
Market Maker Quota9,80,000 shares (agg. up to ₹6 Cr)
Fresh Issue Shares1,28,70,000 shares (agg. up to ₹76 Cr)
Offer for Sale57,50,000 shares of ₹2 (agg. up to ₹34 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Tunwal E-Motors Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 18 Jul 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
980,000
₹5.78
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
19,600,000
100% ₹115.64
IPO Shares Offered
Tunwal E-Motors Ltd. IPO total issue size: ₹115.64 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 980,000 ₹5.78
5.00%
Total 19,600,000 ₹115.64
100.00%
* Based on upper price band ₹59 per share
Lot Size & Investment
Lot Size
2,000
Shares per Lot
Issue Price
₹59.00
Upper Band
Min Investment
₹118,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)24,000₹236,000
Retail (Max — 13 Lots)1326,000₹1,534,000
S-HNI (Min — 14 Lots)1428,000₹1,652,000
B-HNI (Min — 68 Lots)68136,000₹8,024,000
* Issue Price ₹59 × Lot Size 2,000 shares
IPO Schedule
Anchor
14 Jul 2024
✓ Done
IPO Open
15 Jul 2024
✓ Done
IPO Close
18 Jul 2024
✓ Done
Allotment
19 Jul 2024
✓ Done
Refunds
22 Jul 2024
✓ Done
Demat Credit
22 Jul 2024
✓ Done
Listing Day
23 Jun 2024
✓ Done
Tunwal E-Motors Ltd. — Live Price LIVE
₹59.00
INR · NSE
Fetching…
vs Issue Price
OPEN
HIGH
LOW
MKT CAP
P/E
52W HIGH
52W LOW
VOLUME
DIVIDEND
DIV YIELD
Loading…
Chart Not Available
Try again 2–3 days after listing.
Issue ₹59.00 Live Price
About Tunwal E-Motors Ltd.
Incorporated in December 2018, Tunwal E-Motors Limited is an electric vehicle (EV) manufacturing company that specializes in designing, developing, manufacturing, and distributing high-quality electric two-wheelers.The company has introduced over 23 different models in the local market to cater to various needs.The company has its presence in 19 states through a network of more than 256 dealers.The company has a network of around 256 dealers in India. When a dealer is appointed, the company requires them to provide 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 spread across 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.As of March 31, 2024, the company had 64 permanent employees. The company trains its employees regularly to increase operational excellence, improve productivity, and maintain compliance standards for quality and safety.
Objects of the Issue
1
Funding of working capital requirements of the Company.
2
Research & Development
3
Pursuing Inorganic Growth
4
General Corporate Expenses
Tunwal E-Motors Ltd. Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹7,566.4
31 Mar 2022
₹7,655.7
31 Mar 2023
₹10,553.7
31 Mar 2024
Profit After Tax (PAT)
₹233.9
31 Mar 2022
₹372.5
31 Mar 2023
₹1,181.2
31 Mar 2024
Particulars31 Mar 202431 Mar 202331 Mar 2022
Revenue from Operations 10553.69 7655.74 7566.42
EBITDA N/A N/A N/A
Profit After Tax (PAT) 1181.17 372.48 233.94
Net Worth 2053.08 821.91 424.43
Total Assets 7582.97 5694.49 5037.44
Reserves & Surplus 1224.06 409.40 321.55
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) 11.29%
P/BV Ratio
11.92
RoE
57.53%
RoCE
59.38%
RoNW
57.53%
PAT Margin
11.29%
Debt/Equity
1.00
Issue Structure & Shareholding
Total Shares Offered1,96,00,000 (100.00%)
Net Offer to Public1,86,20,000 shares (agg. up to ₹110 Cr)
Reserved for Market Maker9,80,000 shares (agg. up to ₹6 Cr)
Pre-Issue Promoter Holding4,14,51,080 shares
Post-Issue Promoter Holding5,53,01,080 shares
P/BV Ratio11.92
RoE57.53%
RoCE59.38%
Debt / Equity1.00
Script CodeN/A
Registrar & Lead Managers
IPO Registrar
Skyline Financial Services Pvt.Ltd
Check Allotment
Book Running Lead Managers
Horizon Management Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Tunwal E-Motors Ltd. IPO subscribed?

Tunwal E-Motors Ltd. IPO is subscribed 1.00 times by Jul 18, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Tunwal E-Motors Ltd. IPO retail subscription status?

The Tunwal E-Motors Ltd. IPO retail category is subscribed 1.00 times as of 18 Jul 2024. The retail portion is oversubscribed.

How to subscribe Tunwal E-Motors Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 15 Jul 2024 and closes 18 Jul 2024. Min investment: ₹118,000 (1 lot = 2,000 shares). UPI mandate: 2024-07-18.

How many times Tunwal E-Motors Ltd. IPO subscribed?

The Tunwal E-Motors Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Tunwal E-Motors Ltd. IPO allotment?

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 19 Jul 2024. Refunds: on 22 Jul 2024.

When Tunwal E-Motors Ltd. IPO will be listed?

The Tunwal E-Motors Ltd. IPO listing date is 23 Jun 2024, Sunday. Listed on: NSE SME. Issue price: ₹59. Estimated listing: ₹59. GMP: NIL.

When Tunwal E-Motors Ltd. IPO close?

The Tunwal E-Motors Ltd. IPO closes on 18 Jul 2024, Thursday. UPI mandate: 2024-07-18. Allotment: 19 Jul 2024. Listing: 23 Jun 2024.