Tunwal E-Motors Limited IPO: Analysis, GMP & Subscription Status

Introduction

Tunwal E-Motors Limited, a prominent player in the electric vehicle industry, is launching its Initial Public Offering (IPO) from July 15, 2024, to July 18, 2024. This IPO offers investors an opportunity to participate in the company’s growth and its mission to lead the electric vehicle market in India.

Tunwal E-Motors IPO Timeline

• IPO Open Date: Monday, July 15, 2024
• IPO Close Date: Thursday, July 18, 2024
• Basis of Allotment: Friday, July 19, 2024
• Initiation of Refunds: Monday, July 22, 2024
• Credit of Shares to Demat: Monday, July 22, 2024
• Listing Date: Tuesday, July 23, 2024
• Cut-off time for UPI mandate confirmation: 5 PM on July 18, 2024

IPO Details

• Face Value: ₹2 per share
• Price: ₹59 per share
• Lot Size: 2000 shares
• Total Issue Size: 19,600,000 shares (aggregating up to ₹115.64 Cr)
• Fresh Issue: 13,850,000 shares (aggregating up to ₹81.72 Cr)
• Offer for Sale: 5,750,000 shares (aggregating up to ₹33.93 Cr)
• Issue Type: Fixed Price Issue IPO
• Listing At: NSE SME
• Shareholding Pre-Issue: 41,451,080 shares
• Shareholding Post-Issue: 55,301,080 shares
• Market Maker Portion: 980,000 shares

Tunwal E-Motors Limited Financial Performance (₹ in Lakhs)

Key Strengths

1. Experienced Promoters and Management Team: The promoters of Tunwal E-Motors Limited possess significant knowledge of the electric vehicle industry and have been instrumental in the consistent growth of the company. Their extensive experience in the industry forms a strong foundation for the company's future growth.

2. Existing Client Relationships: Tunwal E-Motors Limited is dedicated to consistently addressing customer needs and ensuring timely order delivery, which has led to a significant increase in repeat orders. This approach has fostered strong client relationships and demonstrated the trust placed in the company by its customers.

Risks

1. Market Risks: The company's business operations and profitability are subject to market risks, including fluctuations in commodity prices, changes in government policies, and economic conditions.

2. Competition: The electric vehicle industry is highly competitive, with numerous organized and unorganized players. The company’s ability to maintain its market position and profitability depends on its capacity to offer quality products at competitive prices.

3. Regulatory Risks: Changes in regulatory policies and environmental norms can affect the company's operations and profitability. Compliance with stringent environmental regulations involves high costs for pollution control equipment and sustainable practices.

Tunwal E-Motors IPO GMP & Subscription Status

Stay updated with the latest information on the Tunwal E-Motors Limited IPO Grey Market Premium (GMP) and Subscription Status as they become available post-IPO opening. This section will be regularly updated with the latest GMP and subscription figures to help investors make informed decisions.

Grey Market Premium (GMP)

Subscription Status [times]

How to Apply

Investors can apply for the Tunwal E-Motors Limited IPO through ASBA (Applications Supported by Blocked Amount) in designated banks, or through UPI (Unified Payments Interface) for retail investors. Ensure to complete the application before the closing date to avoid any last-minute issues.

Conclusion

The Tunwal E-Motors Limited IPO presents a promising opportunity for investors, given the company’s strong market presence, experienced management, and consistent financial performance. However, potential investors should consider the associated risks and perform due diligence before investing.

For more details, refer to the DRHP of Tunwal E-Motors Limited.

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