Tunwal E-Motors Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹5(8.47%)
Premium (ELP)
Tunwal E-Motors Limited's achieved publicly listed status following its IPO debut on Jul 23, 2024 at the NSE platform. The offering successfully mobilized 1,96,00,000 Shares, with 1,38,50,000 Shares allocated to corporate growth initiatives and ₹33.93 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹59 to ₹59, starting from minimum lots of 2000 shares. The subscription window from Jul 15, 2024 through Jul 18, 2024 enabled investor participation across market segments.
Share allocation was completed on Jul 19, 2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Market Presence: Tunwal E-Motors Limited is a key player in India's fast-growing electric two-wheeler (E2W) market.
- Trusted Brand: Known for its quality and reliability, the company enjoys a positive reputation among distributors and customers.
- Wide Dealer Network: Operating in 19 states with over 256 dealers, Tunwal E-Motors makes its products easily accessible across the country.
- Legal Issues: The company and its promoter are facing ongoing legal cases, which could result in fines, reputation damage, and affect the company's business and financial stability.
- Product Development Risks: The company’s growth depends on launching new electric vehicle models on time and in large numbers, which can be difficult and risky.
- Supplier Dependency: The company relies on external suppliers without guaranteed long-term contracts, which could cause supply delays and negatively impact business operations and finances.
- Jhumarmal Pannaram Tunwal
- Amitkumar Pannaram Mali
- Jhumarmal Pannaram Tunwal HUF
Tunwal E-Motors Limited
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