Tunwal E-Motors Limited IPO
NSE SMEClosed
Jul 15, 2024Open Date
Jul 18, 2024Close Date
TBAAllotment Date
Jul 23, 2024Listing Date
Subscription Details
View Subscription DetailsRetail16.64x
QIB / NII7.71x
Overall Subscription
Total Bids Received
12.18x
Updated: 10 Jul, 06:09 pm
Tunwal E-Motors Limited IPO Issue Details
Issue Price₹59 Per Equity Share
Face Value₹2 Per Equity Share
Fresh Share1,38,50,000 shares(aggregating up to ₹81.72 crore)
Listing AtNSE SME
Listing DateJul 23, 2024
RegistrarSkyline Financial Services Private Ltd
Reservation Details
| Category | Shares Offered | % |
|---|---|---|
| Market Maker | 9,80,000 | 5% |
Company Information
Incepted in December 2018, Tunwal E-Motors Limited is an electric vehicle manufacturing company that specializes in designing, developing, manufacturing, and distributing high-quality electric two-whe...
Valuations
EPS (Pre-IPO)
2.85
EPS (Post-IPO)
2.14
P/E (Pre-IPO)
20.71
P/E (Post-IPO)
27.62
RoNW
57.53%
PAT Margin
11.29%
P/B Value
11.92
Objectives of the Issue
- 1Funding of working capital requirements of the Company.
- 2Research & Development
- 3Pursuing Inorganic Growth
- 4General Corporate Expenses
Tunwal E-Motors Limited – Promoter(s)
Jhumarmal Pannaram Tunwal
Amitkumar Pannaram Mali
Jhumarmal Pannaram Tunwal HUF
Contact Details
Corporate Office
Rama Icon Commercial Building, Office No 501, S.No 24/2, C.T.S, No. 2164, lot No. 31/11 Sadashiv Peth, Pune
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