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Bidding Date
15-Jul-2024 to
18-Jul-2024
Issue Size
₹115.64 Cr
Price Band
₹59
Allotment date
19-Jul-2024
Listing date
23-Jul-2024
Lot size
2000
No. of shares
1,96,00,000
Fresh issue/OFS
₹81.72 Cr/₹33.93 Cr
Tunwal E-Motors Limited, incorporated in 2018, is dedicated to the design, development, manufacturing, and distribution of high-quality electric scooters. The company is committed to producing technologically advanced, user-friendly, and affordable electric scooters to promote sustainable and eco-friendly mobility solutions in India. The company has introduced over 23 models, including 7 variants, and has established a dealer network of more than 225 dealers across 19 states in India. The production facility in Palsana, Rajasthan, leverages advanced manufacturing processes to meet the increasing demand for EVs. The company achieved a CAGR of 346% in revenue, highlighting its rapid growth and market penetration.
Category
Status
QIBs
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NIIs
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Retail
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Others
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Total
11.6x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Speciality Medicines | 117 - 124 | 20-Mar-2026 to 24-Mar-2026 |
| Central Mine Planning & Design Institute | 163 - 172 | 20-Mar-2026 to 24-Mar-2026 |
| Highness Microelectronics | 114 - 120 | 24-Mar-2026 to 27-Mar-2026 |
| Amir Chand Jagdish Kumar (Exports) | 201 - 212 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of Tunwal E-Motors is ₹115.64 Cr.
Tunwal E-Motors falls into Automobile industry.
The Tunwal E-Motors IPO will be listed on BSE.
The open and close dates for the Tunwal E-Motors are 15-Jul-2024 & 18-Jul-2024.
The price band for the Tunwal E-Motors ipo is ₹59
The listing date of Tunwal E-Motors IPO is 23-Jul-2024.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Tunwal E-Motors total subscription ratio is 11.6X.
Key financial of the Tunwal E-Motors are:
| Tunwal E-Motors | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 104.6 | 76.5 | 75.46 |
| EBIT (₹ Cr) | 16.91 | 5.84 | 3.9 |
| Proft after Tax (₹ Cr) | 11.81 | 3.72 | 2.34 |
| Debt (₹ Cr) | 20.52 | 18.9 | 13.58 |
| Net Worth (₹ Cr) | 20.53 | 8.22 | 4.24 |
| RoE (%) | 57.53 | 45.32 | 55.12 |
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