Contents
- 1 Table of Contents
- 2 Tunwal E-Motors IPO Details
- 3 Tunwal E-Motors IPO Date
- 4 Lot Size
- 5 Tunwal E-Motors IPO GMP (Grey Market Premium)
- 6 Tunwal E-Motors IPO Subscription Status
- 7 Tunwal E-Motors IPO Allotment Status
- 8 Know About Company
- 9 Objects of the Issue
- 10 Promoters of Tunwal E-Motors Limited
- 11 Financial Performance of Tunwal E-Motors Limited
- 12 KPI Of Tunwal E-Motors Limited
- 13 EPS and P/E ratios Pre IPO and Post IPO
- 14 Peer Group
- 15 Tunwal E-Motors Limited IPO Registrar
- 16 Tunwal E-Motors Limited IPO Lead Manager
- 17 Tunwal E-Motors Limited Contact
- 18 Tunwal E-Motors Limited IPO Application Form PDF
- 19 Tunwal E-Motors Limited IPO Review
- 20 FAQs for Tunwal E-Motors Limited IPO:
Tunwal E-Motors is launching an IPO worth Rs 115.64 crores. This includes a fresh issue of 138.5 lakh shares valued at Rs 81.72 crores and an offer for sale of 57.5 lakh shares valued at Rs 33.93 crores.
Tunwal E-Motors Limited IPO is open for subscription on July 15, 2024, and closes on July 18, 2024. The allotment for the IPO is expected on July 19, 2024. Tunwal E-Motors IPO will be listed on NSE SME with a listing date fixed as July 23, 2024.
Source from Three M Paper Boards IPO RHP
Table of Contents
Tunwal E-Motors IPO Details
| Open Date | July 15, 2024 |
| Close Date | July 18, 2024 |
| Listing Date | July 19, 2024 |
| IPO Size | A total of Rs 115.64 crores and 1,96,00,000 shares |
| Fresh Issue | 138.5 lakh Equity Shares |
| Face Value | ₹10 per share |
| IPO Price Band | ₹59 per share |
| IPO Listing on | NSE SME |
| Lot Size | 2000 Shares |
| OFS | 57.5 lakh shares |
| Share Offered to Retail | 50% |
| Share Offered to QBI | – |
| Share Offered to HNI | 50% |
Tunwal E-Motors IPO Date
- IPO Open Date: July 15, 2024
- IPO Close Date: July 18, 2024
- Allotment: July 19, 2024
- Refunds: July 22, 2024
- Shares Credit to Demat: July 22, 2024
- Listing Date: July 23, 2024
Lot Size
| Application Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4000 | ₹236,000 |
Tunwal E-Motors IPO GMP (Grey Market Premium)
If you want to know Tunwal E-Motors IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.
Tunwal E-Motors IPO Subscription Status
Tunwal E-Motors IPO subscription starts on July 15, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.
Tunwal E-Motors IPO Allotment Status
To check the Tunwal E-Motors IPO allotment status go to the IPO registrar website ”SKYLINE FINANCIAL SERVICES PRIVATE LIMITED” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.
- Go to the Link given above.
- Select the IPO Name
- Enter your PAN/ DP ID/ Application No
- Submit details and get the allotment status.
Know About Company
Tunwal E-Motors Limited started in December 2018, focusing on making electric vehicles (EVs), specifically electric two-wheelers. They’ve launched more than 23 models tailored for different needs across India.
They’ve built a strong presence in 19 states with a network of over 256 dealers. Each dealer provides crucial services like maintenance, battery care, diagnostics, safety checks, and parts replacement.
Their manufacturing facility in Palsana, Sikar spans 8000 square meters. Here, they produce electric bikes and have the capacity to make up to 41000 units.
Objects of the Issue
- Funding of working capital requirements of the Company.
- Research & Development
- Pursuing Inorganic Growth
- General Corporate Expense
Promoters of Tunwal E-Motors Limited
The company’s promoters are Jhumarmal Pannaram Tunwal, Amitkumar Pannaram Mali, and Jhumarmal Pannaram Tunwal HUF. Before the issue, they collectively hold 97.04% of the company’s shares. Post-issue, their combined ownership will decrease to 62.34%.
Financial Performance of Tunwal E-Motors Limited
Certainly! Here’s a unique presentation of Tunwal E-Motors Limited’s financial information for the years ended March 31, 2022, March 31, 2023, and March 31, 2024, with amounts in ₹ Lakhs:
| Financial Year Ended | Assets (₹ Lakhs) | Revenue (₹ Lakhs) | Profit After Tax (₹ Lakhs) | Net Worth (₹ Lakhs) | Reserves and Surplus (₹ Lakhs) |
|---|---|---|---|---|---|
| March 31, 2024 | 7,582.97 | 10,553.69 | 1,181.17 | 2,053.08 | 1,224.06 |
| March 31, 2023 | 5,694.49 | 7,655.74 | 372.48 | 821.91 | 409.40 |
| March 31, 2022 | 5,037.44 | 7,566.42 | 233.94 | 424.43 | 321.55 |
Key Points:
- Revenue Growth: Tunwal E-Motors saw a significant increase in revenue from ₹7,566.42 lakhs in FY 2022 to ₹10,553.69 lakhs in FY 2024, marking a growth of 37.85%.
- Profit Surge: The company’s Profit After Tax surged from ₹233.94 lakhs in FY 2022 to ₹1,181.17 lakhs in FY 2024, showing a remarkable increase of 217.11%.
- Asset Expansion: Assets grew steadily from ₹5,037.44 lakhs in FY 2022 to ₹7,582.97 lakhs in FY 2024, indicating continued investment in infrastructure and operations.
- Financial Health: The Net Worth, Reserves and Surplus also expanded significantly, reflecting improved financial strength and stability over the years.
KPI Of Tunwal E-Motors Limited
Here’s a table summarizing the key financial performance indicators for the years ended March 31, 2022, March 31, 2023, and March 31, 2024:
| Financial Performance Indicator | March 31, 2024 | March 31, 2023 | March 31, 2022 |
|---|---|---|---|
| EBITDA (₹ in Crores) | 17.83 | 6.61 | 4.33 |
| EBITDA Margin (%) | 17.05% | 8.64% | 5.74% |
| Profit After Tax (PAT) (₹ in Crores) | 11.81 | 3.72 | 2.34 |
| PAT Margin (%) | 11.29% | 4.87% | 3.10% |
| Return on Equity (%) | 57.53% | 45.32% | 55.12% |
| Return on Capital Employed (%) | 59.38% | 31.97% | 27.13% |
| Debt-Equity Ratio (times) | 1.00 | 2.30 | 3.20 |
EPS and P/E ratios Pre IPO and Post IPO
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.85 | 2.14 |
| P/E (x) | 20.71 | 27.62 |
Peer Group
- Wardwizard Innovations & Mobility Limited
- TVS Motors
Tunwal E-Motors Limited IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Contact Number: +91-11-40450193-197
Email Address: ipo@skylinerta.com
Contact Person: Anuj Kumar
Website: www.skylinerta.com
Tunwal E-Motors Limited IPO Lead Manager
Horizon Management Private Limited
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India.
Telephone: +91 33 4600 0607
Facsimile: +91 33 4600 0607
E-mail: akash.das@horizon.net.co
Contact Person: Akash Das
Website: www.horizonmanagement.in
Tunwal E-Motors Limited Contact
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, 4110
Phone: +91-20-24336001
Email: cs@tunwal.com
Website: https://tunwal.com/
Tunwal E-Motors Limited IPO Application Form PDF
To download the Tunwal E-Motors Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.
Tunwal E-Motors Limited IPO Review
Update Soon.
FAQs for Tunwal E-Motors Limited IPO:
What is the IPO size of Tunwal E-Motors Limited?
Tunwal E-Motors Limited is launching an IPO worth Rs 115.64 crores, consisting of a fresh issue of 138.5 lakh shares valued at Rs 81.72 crores and an offer for sale of 57.5 lakh shares valued at Rs 33.93 crores.
When does the Tunwal E-Motors IPO open and close?
The Tunwal E-Motors IPO opens for subscription on July 15, 2024, and closes on July 18, 2024
What are the financial performance highlights of Tunwal E-Motors Limited?
Tunwal E-Motors has shown significant growth in revenue and profitability. For instance, between March 31, 2022, and March 31, 2024, revenue grew by 37.85%, and profit after tax increased by 217.11%.
