247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Tunwal E-Motors Limited IPO (Tunwal E-Motors IPO) Details

Tunwal E-Motors Limited is an Engineering - Automotive based company, located in Pune, Tunwal E-Motors Limited IPO size was 115.64 Cr. and was issued at 59.00 per share. The share of Tunwal E-Motors Limited were listed at 60.80 per share and are currently trading at 45.55 per share.

Type :
Sub Sector : Electric Vehicle (EV) Manufacturing Company
SME IPO
NSE EMERGE

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
105.53 Cr.

PAT :
11.81 Cr.

Pricing Report

Issue Price :
59.00

Listing Price :
60.80

Current Market Price :
45.55

Issue Price vs CMP :
13.45 (22.80%)

listing Price vs CMP :
15.25 (25.08%)

Performance Report (CAGR* wise)

CAGR : -40.48
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Tunwal E-Motors

Company Information
Tunwal E-Motors Ltd is an emerging leader in the electric vehicle (EV) manufacturing sector, playing a pivotal role in India's transition towards sustainable and eco-friendly mobility solutions. Founded in 2018, the company has rapidly gained prominence in the market by specializing in the design, development, manufacturing, and distribution of high-quality electric two-wheelers.
With a state-of-the-art production facility located in Palsana, Rajasthan, Tunwal E-Motors utilizes efficient manufacturing and assembly processes to meet the growing demand for electric scooters. The company is registered under the Bureau of Indian Standards and has received confirmation of its World Manufacturer Identifier (WMI) code from SAE International, USA.
Tunwal E-Motors is committed to providing electric mobility solutions that are user-friendly, technologically advanced, and affordable. The company's mission goes beyond product excellence
Object of Issue
  • Funding of working capital requirements of the Company
  • Research & Development
  • Pursuing Inorganic Growth
  • General Corporate Purposes

Tunwal E-Motors SME IPO Details (at the time of IPO)

IPO Type :
Fixed Price
IPO Date :
Jul, 2024
IPO Size :
115.64 Cr.
Market Cap :
326.28 Cr.   
IPO Subscription :
12.31 X     
PE Multiple :
27.62
IPO Registrar:
Skyline Financial Services Private Limited
Anchor Investors:

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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 Cr. 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 45.55.

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