Price band
₹ 59 to 59 per equity share
Opens On: 15 July 2024
Closes On: 18 July 2024
₹ 59 to 59 per equity share
2000 shares and in multiples thereof
| Issue size | 115.64 |
| Price band | ₹ 59 to 59 per equity share |
| Bid lot | 2000 shares and in multiples thereof |
| Issue break-up | |
| HNI - Rs. 54.93 Cr | |
| RET - Rs. 54.93 Cr | |
| Registrar | Skyline Financial Services Pvt. Ltd. |
| Listing at | NSE |
Tunwal E-Motors Limited, founded in 2018, is one of the emerging companies in the EV 2-wheeler sector, committed to advancing innovation in EV 2-wheeler manufacturing.
Tunwal E-Motors Ltd have achieved a 346% CAGR on revenue, introduction of more than 23 models including 7 variants of 2 wheelers, dealer base of over 225 across India and established a presence in 19 states. Tunwal E-Motors Ltd, an upcoming force in the electric vehicle (EV) manufacturing sector, stands at the forefront of India's drive towards sustainable and eco-friendly mobility solutions.
Established in 2018, the company has rapidly evolved to become a significant player in the market, specializing in the design, development, manufacturing, and distribution of high-quality electric two-wheelers. With new age production facility strategically located in Palsana, Rajasthan, Tunwal E-Motors leverages efficient manufacturing/assembly processes to meet the burgeoning demand for electric scooters. Our company is registered under the Bureau of Indian Standards and SAE International, USA has confirmed World Manufacturer identifier (WMI) code for our company.
Tunwal E-Motors operates with a streamlined organizational hierarchy, featuring key departments that drive various facets of its operations. Tunwal E-Motors Ltd's comprehensive business model and commitment to excellence position it as an emerging player in India's electric vehicle landscape, poised for sustained growth and success
Note: The actual amount will be debited when the shares are allotted to you.
Note: The actual amount will be debited when the shares are allotted to you.
An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.
Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.
In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.
In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).
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In case the allotment is not done then bank will unblock the application money from the bank accounts upon receiving instructions from the Registrar.
Bidding time will be till 1200 hrs on the closing day of the issue.
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