Tunwal E-Motors IPO Details
| IPO Size | 115.64 |
| Price Range | ₹59 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹118,000 |
| Pre IPO Promotor Holding | 97.04% |
| Post IPO Promotor Holding | 62.34% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Tunwal E-Motors IPO Timelines
15/07/2024
Start Date18/07/2024
End Date22/07/2024
Refund Initiation22/07/2024
Credit of Shares to Demat Ac23/07/2024
Listing DateTunwal E-Motors IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹118,000 |
| Retail Maximum | 1 | 2000 | ₹118,000 |
| S-HNI Minimum | 2 | 4000 | ₹236,000 |
Tunwal E-Motors IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 7.71 x | 16.64 x | -- | 12.18 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹64 | ₹60.80 | ₹64 | ₹60.80 |
Tunwal E-Motors IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹75.66 | ₹72.42 | ₹2.34 |
| FY 2023 | ₹76.56 | ₹71.63 | ₹3.72 |
| FY 2024 | ₹105.54 | ₹89.77 | ₹11.81 |
About Company
Incorporated in December 2018, Tunwal E-Motors Limited is a leading electric vehicle (EV) manufacturing company dedicated to the design, development, manufacturing, and distribution of high-quality electric two-wheelers. The company has successfully introduced over 23 distinct models in the local market, catering to a diverse range of consumer needs.
Tunwal E-Motors has established a significant presence across 19 states in India through an extensive network of over 256 dealers. Each appointed dealer is required to provide comprehensive after-sales services, including routine maintenance, battery management, diagnostics, safety checks, and component replacements, ensuring customer satisfaction and vehicle longevity.
The company’s manufacturing facility is located in Palsana, Sikar, spanning an area of 8,000 square meters. This state-of-the-art plant has a production capacity of up to 41,000 units, enabling Tunwal E-Motors to meet the growing demand for electric bikes.
As of March 31, 2024, Tunwal E-Motors employs 64 permanent staff members. The company is committed to operational excellence, regularly training its employees to enhance productivity and ensure adherence to stringent quality and safety standards.
Tunwal E-Motors Limited continues to play a pivotal role in advancing the EV industry in India, contributing to a sustainable future with its innovative and reliable electric two-wheelers.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2018 | Automobile & Ancillaries | Jhumarmal Tunwal |
Know Before Investing
Tunwal E-Motors IPO Strengths
- Experienced leadership with a decade of industry expertise.
- Leveraging management’s market acumen for identifying opportunities.
- Diverse portfolio with over 23 electric two-wheeler models.
- Presence in 19 states with 256+ dealers.
- Commitment to sustainability with eco-friendly electric two-wheelers.
- Resilient profitability even during the COVID-19 pandemic.
Tunwal E-Motors IPO Risks
- Legal proceedings could result in ₹282.92 lakhs liabilities.
- Criminal case involving promoter may impact reputation.
- Developing new EVs requires significant capital investment.
- Reliance on third-party suppliers for raw materials.
- 80% of raw materials from few international suppliers.
- Pricing pressure may adversely affect profit margins.
- Supply chain disruptions can impact manufacturing and delivery.
- Inability to anticipate market trends may affect competitiveness.
Swot Analysis for Tunwal E-Motors IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
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: [email protected]
Website: https://tunwal.com/
IPO Registar Details
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
FAQs
The key objectives of Tunwal E-Motors IPO are:
- Funding of working capital requirements of the Company.
- Research & Development
- Pursuing Inorganic Growth
- General Corporate Expenses