58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Tunwal E-Motors Limited IPO Analysis

Tunwal E-Motors IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Pune and caters to Engineering - Automotive sector. Horizon Management Private is the merchant banker of Tunwal E-Motors IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th March 2024.

Tunwal E-Motors IPO posted revenues of Rs 105.53 crores and PAT of Rs 11.81 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Fixed Price

Tunwal E-Motors IPO Financial Performance (Restated)

Financial results of Tunwal E-Motors IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
FY24
FY23
FY22
Balance Sheet
Assets
75.83
56.94
50.37

Net Worth
20.53
8.22
4.24

Total Debt
20.52
18.89
13.58

Profit & Loss
Revenue
Revenue on annualised basis
104.60
104.60
76.50
75.46

EBITDA
EBITDA on annualised basis
17.83
17.83
6.61
4.33

PAT
PAT on annualised basis
11.81
11.81
3.72
2.34

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Tunwal E-Motors IPO Key performance Indicators (KPI)

Tunwal E-Motors IPO PAT Margin is 11.29%, ROCE (Return on Capital Employed) is 59.38% as per latest financial. The below table shows Tunwal E-Motors IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
FY24
FY23
FY22

EBITDA Margin (%)
17.05
8.64
5.74

PAT Margin (%)
11.29
4.86
3.10

EPS (Rs.)
2.85
1.81
1.21

ROE (%)
57.53
45.26
55.19

ROCE (%)
59.38
31.97
27.13

ROA (%)
15.57
6.53
4.65

Debt to Equity (x)  
1.00
2.30
3.20

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Tunwal E-Motors IPO Valuation Metrics

The market Capitalisation of Tunwal E-Motors IPO is Rs 326.28 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
326.28

Enterprice Value (EV) (Rs. Cr.):
344.15

EV/EBITDA (times) :
19.30

PE Multiple (times) :
27.62

P/B (times) :
2.40

NAV (Rs.) :
4.95

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Tunwal E-Motors prospectus?

The Tunwal E-Motors IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Tunwal E-Motors IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Tunwal E-Motors IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Tunwal E-Motors IPO ?

The post-IPO market capitalisation of Tunwal E-Motors IPO is ₹326.28 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Tunwal E-Motors IPO?

The Tunwal E-Motors IPO has a Price-to-Earnings (PE) ratio of 27.62 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Tunwal E-Motors IPO?

Tunwal E-Motors IPO reported revenue of ₹105.53 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Tunwal E-Motors IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Tunwal E-Motors IPO?

Tunwal E-Motors recorded an EBITDA of ₹ 17.83 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Tunwal E-Motors IPO?

Tunwal E-Motors Profit After Tax (PAT) is ₹11.81 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 104.60 Cr.
            EBITDA: ₹ 17.83 Cr.
            PAT: ₹ 11.81 Cr.
  • EBITDA Margin: 17.05 %
            Pat Margin: 11.29%
  • Net Worth: ₹ 20.53 Cr.
  • Market Capitalisation: ₹ 326.28 Cr.
  • P/E: 27.62 times
  • P/BV: 2.40 times
  • EV/EBITDA: 19.30 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Tunwal E-Motors operates in Engineering - Automotive and Electric Vehicle (EV) Manufacturing Company. The Issue is listed on NSE EMERGE in Jul, 2024. Tunwal E-Motors IPO size was 115.64 with Issue price of 59.00 .

Tunwal E-Motors IPO subscription was 12.31 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Tunwal E-Motors IPO listed at a listing price of 60.80 against the offer price of 59.00.

The current market price of Tunwal E-Motors is 33.00.

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