Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
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 |
Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account
**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
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Tunwal E-Motors SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Tunwal E-Motors SME IPO with Zerodha.
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
Other relevant questions :
How to subscribe Tunwal E-Motors SME IPO Zerodha? How to purchase Tunwal E-Motors SME IPO on Zerodha? Tunwal E-Motors SME IPO how to buy Zerodha? Tunwal E-Motors SME IPO Zerodha apply. Tunwal E-Motors SME IPO purchase Zerodha. Tunwal E-Motors SME IPO with Zerodha. Tunwal E-Motors SME IPO at Zerodha. Tunwal E-Motors SME IPO kite Zerodha. Tunwal E-Motors SME IPO using Zerodha. Tunwal E-Motors SME IPO via Zerodha.
To subscribe or apply in Tunwal E-Motors SME IPO, you can use the following methods:
| Tunwal E-Motors SME IPO Applying Mode | ||
| 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
Other relevant question on same topics are:
Where to subscribe Tunwal E-Motors SME IPO? Where to apply for Tunwal E-Motors SME IPO? How to subscribe Tunwal E-Motors SME IPO online? Tunwal E-Motors SME IPO where to apply? Where to buy Tunwal E-Motors SME IPO online? How to buy Tunwal E-Motors SME IPO online? How to purchase Tunwal E-Motors SME IPO? How to get Tunwal E-Motors SME IPO? How to book Tunwal E-Motors SME IPO? How to invest Tunwal E-Motors SME IPO? Tunwal E-Motors SME IPO kaise buy kare?
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:
Tunwal E-Motors SME IPO share allotment date?Tunwal E-Motors SME IPO allotment date?
