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Tunwal E Motors Limited IPO Date, Price, Review and Details

 

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Tunwal E Motors Limited IPO

July 15, 2024 - July 18, 2024 Closed
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­­Tunwal E-Motors Limited IPO

Tunwal E-Motors Limited IPO was engaged in Tunwal E-Motors Ltd, a rising electric vehicle (EV) company, leading India's push for green and sustainable transportation. Starting in 2018, the company quickly became an important part of the market, focusing on making and selling high-quality electric two-wheelers. Tunwal E-Motors aims to provide easy-to-use, advanced, and affordable electric scooters. Their goal is not only to make great products but also to help create a cleaner, more sustainable future for the country and develop more electric transportation options.

Company Promoters:

  •   Jhumarmal Pannaram Tunwal

Objects of this Issue:

  • Funding of working capital requirements of the Company.
  • Research & Development.
  • Pursuing Inorganic Growth.
  • General Corporate Expenses

Financial Information of the Company:

 Particular

Amount in Lakhs (Rs.)

As on 31 March 2024

As on 30 March 2023

As on 31 Mar 2022

Total Assets

7,582.97

5,694.49

5,037.44

Total Liabilities

6,358.91

5,350.16

4,715.89

Net Profit

1,181.17

372.48

233.94

Tunwal E-Motors Limited IPO Schedule

1.     Bid or Offer Opens on: 15 July 2024
2.     Bid or Offer Closes on: 18 July 2024
3.     Finalization of BoA: 19 July 2024
4.     Initiation of Refunds: 22 July 2024
5.     Credit of shares to Demat account: 22 July 2024
6.     Listing Date: 23 July 2024

Tunwal E-Motors Limited IPO Lot Size

The market lot size of Tunwal E-Motors Limited IPO is 4,000 shares. The minimum and maximum order quantity is as follows:

Application

Lots

Shares

Amount

Minimum

1

  2000

₹118,000

Maximum

1

  2000

₹118,000

S-HNI(Minimum)

2

  4,000

₹236,000

 Company Contact Details:

Rama Icon Commercial Building, Office No 501, S.No 24/2,

C.T.S No. 2164, Plot No. 31/11 Sadashiv Peth,

Pune, 411030 Maharashtra India.

Phone: +91-20-24336001

Email: cs@tunwal.com

Website: www.tunwal.com

 

Tunwal E-Motors Limited IPO Registrar Details:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED

D-153 A, 1st Floor, Okhla Industrial Area, Phase - I, New Delhi-110020

Telephone: +91-11-40450193-197

Email: ipo@skylinerta.com

Website:  www.skylinerta.com


Frequently Asked Question

The shares will be credited to your Demat account within a few days after the allotment is finalized. The exact date will be mentioned in the IPO schedule.
Minimum and maximum order quantity is 1 lot only.
What are the minimum and maximum order quantity for Tunwal E-Motors Limited IPO?
The meaning of "Tunwal E-Motors Limited IPO GMP" is the Grey Market Premium (GMP) for the initial public offering (IPO) of Tunwal E-Motors Limited IPO on the current day.
Opening date of Tunwal E-Motors Limited IPO is July 15, 2024.
The face value of Tunwal E-Motors Limited IPO is ₹10 per share.
You will receive on Tunwal E-Motors Limited IPO shares in your Demat account on July 19, 2024, if allotted.
Post-issue shareholding of the Tunwal E Motors Limited IPO promoter is 62.34%.
The funds raised from the IPO will be used for business expansion, repayment of debts, working capital requirements, and other corporate purposes as outlined in the company's prospectus.
Tunwal E-Motors Limited IPO share price Shares will be listed at NSE SME.
Pre-issue shareholding of the Tunwal E-Motors Limited IPO promoter is 97.04%.
Yes, you can sell your shares immediately after they are listed on the stock exchange. However, it's advisable to consider market conditions and the company's performance before making any trading decisions.
Tunwal E Motors Limited IPO Products share price ₹59 per share.
IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in quest laboratories private limited using any neatest method at your convenience.
Tunwal E-Motors Limited IPO shares will get listed on July 23, 2024.
Closing date of Tunwal E-Motors Limited IPO is July 18, 2024.
If you do not get the allotment of on Tunwal E-Motors Limited IPO, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Lot size of the Tunwal E Motors Limited IPO is 2000 shares.
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