Open Date
15 Jul 2024
Close Date
18 Jul 2024
Listing Date
23 Jul 2024
Max Investment
₹1,18,000
Price Range
₹59 - ₹0
Lot Size
2000
IPO Size
₹115.64Cr
Exchange Symbols
Tunwal E-Motors Ltd IPO
₹1,18,000
/ 2,000
Cutoff - Lot Size
IPO Dates and Timelines
IPO Size
IPO Reservation
Investor Category
Shares Offered
Allocation Percentage %
Anchor Investor Shares Offered
-
-
QIB Shares Offered
-
0.0%
NII (HNI) Shares Offered
93,10,000
50.0%
Retails Shares Offered
93,10,000
50.0%
Total Shares Offered
1,96,00,000
-
Total Shares with Anchor Investor
-
100%
IPO Lot Size
Applications
Lot
Shares
Amount
Retail (Min)
1
2000
₹1,18,000
Retail (Max)
1
2000
₹1,18,000
S-HNI (Min)
2
4000
₹2,36,000
S-HNI (Max)
8
16000
₹9,44,000
B-HNI (Min)
9
18000
₹10,62,000
IPO Shareholding Pattern
Category
Pre-Issue
Post-issue
Promoter Group
96.55%
61.97%
Public Group
3.45%
38.03%
IPO Financials
Total Assets Total Liabilities
Total Revenue Total Expenditure
EBITDA Profit
Share Capital
IPO Peers
IPO Strengths & Risks
Strength
Risks
Pure EV player with an admirable position in the fast-growing Indian E2W market.
Recognized brand in the eyes of the distributors and consumers.
Present in 19 states through a distribution channel.
Selling a wide variety of products which are well accepted in the market.
The Company and Promoter of the company are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before the court and regulatory authority. Any adverse decision may make it liable to liabilities/penalties and may adversely affect its reputation, business, and financial status.IPO Registrars
Skyline Financial Services Pvt
Phone Number:
91-11-26812682
Email ID:
Website:
www.skylinerta.com
Limited
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.
Contact Details
IPO Company Name:
Limited
Phone Number:
+91-20-2433 6001
Email ID:
Website:
www.tunwal.com
Address:
Pune, Maharashtra
IPO Overview
: IPO Dates
The IPO opens for subscription on 15 Jul 2024, and closes on 18 Jul 2024. Investors will likely receive their allotment status updates on 19 Jul 2024. Those who get allotted shares can expect them credited to their Demat accounts by 22 Jul 2024. The shares will be officially listed on the stock exchange on 23 Jul 2024.
: IPO Price Band
The IPO consists of a fresh issue and an offer for sale, with a price band set between ₹59.0 and ₹0.0 per share.Investors can apply within this range. This book-building issue includes a fresh issue worth ₹81.72 crore and an offer for sale valued at ₹ 33.92 crore. The exact listing price will be revealed on 23 Jul 2024, which is when the shares start trading on the exchange.
: Lot Size and Issue Size
The minimum application lot size is shares, and investors need to apply for at least one lot. The total IPO size is approximately - crore.
How to Apply for IPO Online?
- 1. Log in to Torus Digital: Open the Torus Digital app and enter your login details.
- 2. Find the IPO Section: Navigate to the ‘IPO’ tab in the app.
- 3. Select IPO: Choose it from the list of available IPOs.
- 4. Enter Lot Quantity: Input how many lots you want to apply for.
- 5. Provide UPI ID: Submit your UPI ID for payment.
- 6. Approve Payment: When the payment request comes to your UPI app, approve it by entering your UPI PIN.
How to Check IPO Allotment Status for ?
- 1. Open the Torus Digital app and log in.
- 2. Go to the ‘IPO’ section and select ‘IPO Orders’.
- 3. Choose the IPO application.
- 4. View your allotment status.
You will also get notified of your allotment via push notifications and email from Torus Digital.
FAQ’s
What is the open date of IPO?
- The opening date of IPO is 15 Jul 2024.
What is the close date of IPO?
- The closing date of IPO is 18 Jul 2024.
What is the issue size of IPO?
- The issue size of IPO is Rs Cr.
What is the lot size of IPO?
- The size per lot of IPO is 2000.0.
How to apply for IPO?
- To apply for IPO:
- Navigate to the IPO section of mobile app/website
- Click on Current IPO
- Click on IPO
- Enter Lot Quantity
- Enter Valid UPI ID
- Click on apply
- Your application will be processed once the transaction is completed successfully.
What is the allotment date of IPO?
- The Allotment Date of IPO is 19 Jul 2024.
What is the listing date of IPO?
- IPO will get listed on .
Who is the registrar of IPO?
- The registrar of IPO is Skyline Financial Services Pvt.
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