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Tunwal E-Motors IPO

Tunwal E-Motors Limited IPO (Tunwal E-Motors IPO) Details

Tunwal E-Motors Limited

Tunwal E-Motors IPO's overview

Tunwal E-Motors IPO bidding started from Jul 15, 2024 and ended on Jul 18, 2024. The allotment for Tunwal E-Motors IPO was finalized on Jul 19, 2024. The shares got listed on NSE on Jul 23, 2024.

Tunwal E-Motors IPO price band is set at ₹0 to ₹59 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹0.

Refer to Tunwal E-Motors IPO RHP for detailed information.

IPO date
Jul 15,2024 - Jul 18,2024
Listing Date
Jul 23,2024
Face value
₹2
Price Band
0₹59 per share
Lot
₹2000 Shares
Total Issue Size
1.96 Cr (1,96,00,000)
aggregating up to ₹115.64 Cr (1,15,64,00,000)
Fresh Issue
1.39 Cr (1,38,50,000)
aggregating up to ₹81.72 Cr (81,71,50,000)
Offer for sale
57.50 Lakh (57,50,000)
aggregating up to ₹33.92 Cr (33,92,50,000)
Issue Type
Fixed Price
IPO Type
SME
Listing At
NSE

Mon, Jul 15, 2024
IPO Open
Thu, Jul 18, 2024
IPO Close
Fri, Jul 19, 2024
Basis of Allotment
Mon, Jul 22, 2024
Initiation of Refunds
Mon, Jul 22, 2024
Credit of Shares to Demat
Tue, Jul 23, 2024
Listing

Tunwal E-Motors IPO Day-wise IPO GMP Trend

Tunwal E-Motors IPO last GMP is ₹5, last updated Jul 22,2024. With the price band of 59.00, Tunwal E-Motors IPO's estimated listing price is ₹64 (cap price + today's GMP).The expected percentage gain/loss per share is 8.47%.

Date	IPO Price	GMP	Estimated Listing Price	Last Updated
22-Jul-24	59.00	5	64(8.47%)	22-Jul-2024 16:27
21-Jul-24	59.00	5	64(8.47%)	21-Jul-2024 23:27
20-Jul-24	59.00	5	64(8.47%)	20-Jul-2024 23:23
19-Jul-24	59.00	5	64(8.47%)	19-Jul-2024 23:25
18-Jul-24	59.00	5	64(8.47%)	18-Jul-2024 23:30
17-Jul-24	59.00	10	69(16.95%)	17-Jul-2024 23:31
16-Jul-24	59.00	10	69(16.95%)	16-Jul-2024 23:32
15-Jul-24	59.00	14	73(23.73%)	15-Jul-2024 23:25
14-Jul-24	59.00	25	84(42.37%)	14-Jul-2024 23:31
13-Jul-24	59.00	25	84(42.37%)	13-Jul-2024 23:26
12-Jul-24	59.00	25	84(42.37%)	12-Jul-2024 23:26
11-Jul-24	59.00	25	84(42.37%)	11-Jul-2024 23:28
10-Jul-24	59.00	25	84(42.37%)	10-Jul-2024 23:29

Tunwal E-Motors IPO Lot Size

Application	Lots	Shares	Amount
Retail(Min)	1	2,000	₹1.18 Lakh (1,18,000)
Retail(Max)	1	2,000	₹1.18 Lakh (1,18,000)
HNI(Min)	2	4,000	₹2.36 Lakh (2,36,000)

Tunwal E-Motors IPO Reservation

Investor Category	Shares Offered
Offered to RII	93.10 Lakh (93,10,000)
Offered to Others	93.10 Lakh (93,10,000)

About Tunwal E-Motors Limited

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.

Tunwal E-Motors IPO's documents

Tunwal E-Motors Limited Contact 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/

Tunwal E-Motors IPO's Promoters

The promoters of the company are Jhumarmal Pannaram Tunwal, Amitkumar Pannaram Mali And Jhumarmal Pannaram Tunwal HUF