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.
| Issue Open | 15-07-2024 |
| Issue Close | 18-07-2024 |
| Allotment Date | 19-07-2024 |
| Listing Date | 23-07-2024 |
| IPO Price Band | ₹- to ₹59 |
| Minimum Share Bid | 2000 |
| Minimum Investment Amount | ₹118000 |
| Total Issue Size | 1,96,00,000 shares (up to ₹115.64 Cr) |
| Fresh Issue | 1,38,50,000 shares (up to ₹81.715 Cr) |
| Offer For Sale | 57,50,000 shares (up to ₹33.925 Cr) |
| Face Value | ₹2 Per Share |
| Employee Discount | - |
| Qualified Institutional Buyer [QIB] | - |
| High Networth Individual [HNI] | 50% |
| Retail Individual Investor [RII] | 50% |
| Listed on | NSE SME |
| Listing Date | 23-07-2024 |
| BSE Code | - |
| NSE Code | TUNWAL |
| ISIN Code | INE0OXV01027 |
| IPO Price | ₹ 59 |
| Lot Size | 2000 |
| Expected Listing Price | ₹ 55 to ₹ 65 |
| Book Profit | ₹ 72 |
| Stop Loss | ₹ 50 |
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| Financial Year | Total Asset | Total Revenue | Total Expenses | Profit |
|---|---|---|---|---|
| - | - | - | - | - |
| FY-2022 | 50.37 | 75.66 | 72.42 | 2.33 |
| FY-2023 | 56.94 | 76.55 | 71.63 | 3.72 |
| FY-2024 | 75.82 | 105.53 | 89.77 | 11.81 |
| Earnings Per Share [EPS] | ₹ 2.85 |
| Price/Earnings [P/E] Ratio | 20.71 |
| Return on Net Worth [RoNW] | 57.53 % |
| Net Asset Value [NAV] | ₹ 4.95 Per Share |
| Application | Lot Size | Shares | Total Amount |
|---|---|---|---|
| Retail Min | 1 | 2,000 | ₹ 1,18,000 |
| Retail Max | 1 | 2,000 | ₹ 1,18,000 |
| Small HNI | 2 | 4,000 | ₹ 2,36,000 |
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