✓
Open
15 Jul 2024
✓
Close
18 Jul 2024
3
Allotment
—
✓
Listing
Tue, Jul 23, 2024
Price Band
₹59 per share
Issue Size
1,96,00,000 shares (agg. up to ₹116 Cr)
Lot Size
2,000 Shares
Listing Date
Tue, Jul 23, 2024
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 12.07x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 75.83 | 56.94 | 50.37 |
| Total Income | 105.54 | 76.56 | 75.66 |
| Profit After Tax | 11.81 | 3.72 | 2.34 |
| NET Worth | 20.53 | 8.22 | 4.24 |
| Reserves and Surplus | 12.24 | 4.09 | 3.22 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of working capital requirements of the Company. | 35.00 |
| 2 | Research & Development | 5.00 |
| 3 | Pursuing Inorganic Growth | 5.00 |
| 4 | General Corporate Expenses | 20.41 |
About Tunwal E-Motors IPO
Incorporated in December 2018, Tunwal E-Motors Limited is an electric vehicle (EV) manufacturing company that specializes in designing, developing, manufacturing, and distributing high-quality electric two-wheelers. The company has introduced over 23 different models in the local market to cater to various needs. The company has its presence in 19 states through a network of more than 256 dealers. The company has a network of around 256 dealers in India. When a dealer is appointed, the company requires them to provide after-sales services such as routine maintenance, battery management, diagnostics, safety checks, and component replacement to customers. The manufacturing unit of the company is located in Palsana, Sikar spread across an area of 8000 square meters. Tunwal E-Motors Ltd manufactures electric bikes at its plant in Palsana and has the capacity to produce up to 41000 units. As of March 31, 2024, the company had 64 permanent employees. The company trains its employees regularly to increase operational excellence, improve productivity, and maintain compliance standards for quality and safety.+ Read More
Contact Details
Tunwal E-Motors Ltd. AddressRama Icon Commercial Building, Office No 501S.No 24/2, C.T.S, No.2164Plot No.31/11 Sadashiv PethPune, Maharashtra, 411030+91-20-24336001cs@tunwal.comVisit Website