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TUNWALSME / NSEListed
Tunwal E-Motors

Incorporated in December 2018, Tunwal E-Motors Limited is an electric vehicle manufacturer specializing in the design, development, production, and distribution of electric two-wheelers. Offering over 23 models, the company serves 23 states in India through a network of 330+ dealers who provide comprehensive after-sales services. Its Palsana, Sikar manufacturing facility spans 8,000 sq. meters with a production capacity of 41,000 units. As of March 31, 2024, Tunwal E-Motors employs 64 permanent staff trained in quality, safety, and operational excellence.

DRHP
₹59 - ₹5912.18x sub
Listed Price₹64.00
Listing Gain+8.47%

IPO Schedule & Timeline

Fixed Price IPO
Open15 Jul 2024
Close18 Jul 2024
Allotment19 Jul 2024
Listing23 Jul 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail93,10,000 shares
47.5%
Other93,10,000 shares
47.5%
Market Maker9,80,000 shares
5%

Minimum Application Lots

Retail1 Lot (2,000 shares)
₹1,18,000
HNI2 Lots (4,000 shares)
₹2,36,000

Company Promoters

Jhumarmal Pannaram TunwalAmitkumar Pannaram MaliJhumarmal Pannaram Tunwal HUF

Company Background

Incorporated in December 2018, Tunwal E-Motors Limited is an electric vehicle manufacturer specializing in the design, development, production, and distribution of electric two-wheelers. Offering over 23 models, the company serves 23 states in India through a network of 330+ dealers who provide comprehensive after-sales services. Its Palsana, Sikar manufactu...

Lead Managers & Bankers

No lead manager records available.

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-24)₹10553.69 Cr
Growth+39.5%
Revenue Trend (₹ in Crores)
0.04.0k8.1k12.1kMar-22Mar-23Mar-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-2410,553.691,181.177,582.970
Mar-237,655.74372.485,694.490
Mar-227,566.42233.945,037.440

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-242.8557.53%59.38%20.7127.62
Mar-231.8145.32%31.97%00
Mar-221.2155.12%27.13%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Skyline Financial Services Private Limited

Allotment Finalized
Allotment Date
19 Jul 2024
Official Status
Out / Finalized
Registrar
Skyline Financial Services Private Limited
Listing Date
23 Jul 2024

Official Allotment Verification Links

Official Registrar Portal
Skyline Financial Services Private Limited

Direct allotment verification on the official registrar portal appointed for Tunwal E-Motors. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization19 Jul 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date23 Jul 2024Trading commences on exchange

How to Check Tunwal E-Motors Allotment Online

1Open Portal

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2Select Company

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Tunwal E-Motors IPO

Complete issue overview for Tunwal E-Motors (TUNWAL) IPO. The issue features an equity share price band of ₹59 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,18,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions