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Tunwal E-Motors IPO

Listed Listed stocks

Tunwal E-Motors IPO Details

  • 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

About Tunwal E-Motors Company

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.

Subscription Status

  • Category

    Status

  • QIBs

    --

  • NIIs

    --

  • Retail

    --

  • Others

    --

  • Total

    11.6x

Tunwal E-Motors Financials

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FAQs for Tunwal E-Motors IPO.

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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