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SME IPO Status: Listed [15th Jul 2024 to 18th Jul 2024]
Tunwal E-Motors IPO, a SME IPO of ₹115.64 Cr was launced on 15-07-2024 to 18-07-2024 and the shares got listed on NSE SME on 23-07-2024.
The public issue of Tunwal E-Motors IPO (TUNWAL) was offered at ₹59.00 per share and the ipo was listed at ₹64.00. It has delivered listing gain of 8.47%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 10000.00 per lot return on listing.
SME IPO Issue Opening Date: | 15th Jul 2024 |
SME IPO Issue Closing Date: | 18th Jul 2024 |
SME IPO Issue Price: | ₹59.00 Per Share |
DRHP: | Download DRHP |
RHP: | Download RHP |
IPO Listing At: | NSE SME |
Retail Quota: | 50% of the Net issue |
SME IPO Issue Type: | Fixed Price Issue |
SME IPO Issue Size: | ₹115.64 Cr |
Offer for Sale: | ₹33.93 Cr |
Fresh Issue: | ₹81.72 Cr |
Face Value: | ₹2 Per Equity Share |
SME IPO Discount: | TBD |
Promoter Holding Pre IPO: | 97.04% |
Promoter Holding Post IPO: | 62.34% |
Allotment Status: | Allotment Status |
NSE Code: | TUNWAL |
Get important updates regarding Tunwal E-Motors SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
SME IPO Activity | Date |
---|---|
Basis of Allotment Date* | 19th Jul 2024 |
Refunds Initiation* | 22nd Jul 2024 |
Credit of Shares to Demat* | 22nd Jul 2024 |
SME IPO Listing Date* | 23rd Jul 2024 |
* - Tentative Dates
SME IPO Activity | Date |
---|---|
Issue Price | ₹59.00 |
Market Lot: | 2000 Shares |
1 Lot Amount: | ₹118000 |
Min HNI Lots: | 4000 shares (2 lots)- ₹236000 |
GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
---|---|---|---|---|---|
23-07-2024 | 59.00 | 5 | 7600 | ₹64 (8.47%) | 23-Jul-2024 10:31 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in December 2018, Tunwal E-Motors Limited is one of the emerging companies in the EV-2-Wheeler industry, dedicated to innovation in the manufacturing of EV-2-Wheeler. Over the years, the company has achieved a 346% increase in sales, launched more than 23 models including 7 variants of 2-wheelers, built a dealer base of over 225 across India and established a presence in 19 states. The founder, Jhumarmal Pannaram Tunwal, was previously in the same industry, manufacturing and selling electric vehicles through his own company Tunwal Electrionics.
This company has a tight organizational hierarchy with key departments managing various aspects of the business. At the center is the sales and marketing department, which is responsible for developing and implementing effective sales strategies and managing the various distribution channels. At the same time, the accounting department ensures financial stability by overseeing financial management, budgeting, auditing and taxation.
Tunwal E-Motors has a state-of-the-art manufacturing facility in Palsana, Rajasthan, and utilizes efficient manufacturing and assembly processes to meet the growing demand for electric scooters. The company is registered with the Bureau of Indian Standards and SAE International, USA, has recognized the World Manufacturer Identifier (WMI) code for its company.
Incorporation | Sector | IPO Issue Size | Website |
2018 | 2/3 Wheelers | ₹115.64 Cr | https://tunwal.com/ |
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
Day | NII | RII | Total | |
---|---|---|---|---|
# of Shares Offered | 9,310,000 (50%) | 9,310,000 (50%) | 18,620,000 | |
1 | 15th Jul 2024 19:32 | 1.04x | 2.96x | 2.00x |
2 | 16th Jul 2024 19:31 | 1.41x | 4.95x | 3.18x |
3 | 18th Jul 2024 18:21 | 7.61x | 16.64x | 12.31x |
Tunwal E-Motors Limited's revenue increased by 37.85% and profit after tax (PAT) rose by 217.11% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 7,582.97 | 5,694.49 | 5,037.44 |
Revenue | 10,553.69 | 7,655.74 | 7,566.42 |
Profit After Tax | 1,181.17 | 372.48 | 233.94 |
Net Worth | 2,053.08 | 821.91 | 424.43 |
Reserves and Surplus | 1,224.06 | 409.40 | 321.55 |
Amount in ₹ Lakhs |
The table below show peer comparison from DRHP/RHP.
Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
---|---|---|---|---|---|---|
Tunwal E-Motors Limited | 2.85 | 2.85 | 20.7 | 57.53 | ||
Wardwizard Innovations & Mobililty Limited | 0.52 | 0.52 | 117.96 | 13.27 | ||
TVS Motors | 35.5 | 35.5 | 66.33 | 23.68 |
Last Updated on 12-Aug-2024 16:07:57
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Alternate approch to apply in Tunwal E-Motors SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Tunwal E-Motors SME IPO Review and Important Updates
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To subscribe or apply in Tunwal E-Motors SME IPO, you can use the following methods:
Tunwal E-Motors SME IPO Applying Mode | Method | Details |
Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Tunwal E-Motors SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Tunwal E-Motors SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
Online Application | ASBA | This is one of the most popular mode of applying in Tunwal E-Motors SME IPO. Most of the Syndicate Banks provide access to apply in Tunwal E-Motors IPO via ASBA process. You must have your net banking access, DP ID information to apply in Tunwal E-Motors SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
Offline Application | Physical Form | You can apply in Tunwal E-Motors SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Tunwal E-Motors SME IPO Review and Important Updates
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Tunwal E-Motors SME IPO is going to be list on 23-07-2024. NSE Code for Tunwal E-Motors is TUNWAL.
Other relevant questions:
When Tunwal E-Motors SME IPO will be listing? Tunwal E-Motors SME IPO NSE listing date?Tunwal E-Motors SME IPO date of listing
Tunwal E-Motors SME IPO Allotment Date is 19-07-2024.
Other relevant questions:
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