Tunwal E-Motors IPO Details, Date, Allotment, Review

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

Tunwal E-Motors IPO Details, Date, Allotment, Review

Tunwal E-Motors IPO Details

Open DateJuly 15, 2024
Close DateJuly 18, 2024
Listing DateJuly 19, 2024
IPO SizeA total of Rs 115.64 crores and 1,96,00,000 shares
Fresh Issue138.5 lakh Equity Shares
Face Value₹10 per share
IPO Price Band₹59 per share
IPO Listing onNSE SME
Lot Size2000 Shares
OFS57.5 lakh shares
Share Offered to Retail50%
Share Offered to QBI
Share Offered to HNI50%

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 TypeLotsSharesAmount (₹)
Retail (Min)12000₹118,000
Retail (Max)12000₹118,000
HNI (Min)24000₹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.

  1. Go to the Link given above.
  2. Select the IPO Name
  3. Enter your PAN/ DP ID/ Application No
  4. 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

  1. Funding of working capital requirements of the Company.
  2. Research & Development
  3. Pursuing Inorganic Growth
  4. 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 EndedAssets (₹ Lakhs)Revenue (₹ Lakhs)Profit After Tax (₹ Lakhs)Net Worth (₹ Lakhs)Reserves and Surplus (₹ Lakhs)
March 31, 20247,582.9710,553.691,181.172,053.081,224.06
March 31, 20235,694.497,655.74372.48821.91409.40
March 31, 20225,037.447,566.42233.94424.43321.55

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 IndicatorMarch 31, 2024March 31, 2023March 31, 2022
EBITDA (₹ in Crores)17.836.614.33
EBITDA Margin (%)17.05%8.64%5.74%
Profit After Tax (PAT) (₹ in Crores)11.813.722.34
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)1.002.303.20

EPS and P/E ratios Pre IPO and Post IPO

Pre IPOPost IPO
EPS (Rs)2.852.14
P/E (x)20.7127.62

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%.

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