IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
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 open date is 15th July 2024 and close date is 18th July 2024. IPO Allotment Date is 19th July 2024 and Listing date is 23rd July 2024.Tunwal E-Motors IPO size is Rs 115.64 Cr. crores with IPO price of Rs 59.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Horizon Management Private Limited is the book-running lead manager of the Tunwal E-Motors IPO. Skyline Financial Services Private Limited is the Registrar and Market Maker is Nikunj Stock Brokers Limited for Tunwal E-Motors IPO.
Tunwal E-Motors IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Tunwal E-Motors IPO, based in Pune, operates in the Engineering - Automotive sector with a focus on electric vehicle (EV) manufacturing company. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Tunwal E-Motors IPO size is ₹ 115.64 Cr. Crores with fresh issue size of Rs 115.64 Cr. Crores and Offer for sale being 115.64..
The IPO allotment date for Tunwal E-Motors IPO is expected to be 19th July 2024, after the finalization of basis of allotment. Investors can check Tunwal E-Motors IPO allotment status on the registrars website, Skyline Financial Services Private Limited. Tunwal E-Motors IPO refund dates are 22nd July 2024.
Tunwal E-Motors IPO is expected to be listed on 23rd July 2024.
The upper price band for the Tunwal E-Motors IPO is set at ₹ 59.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Tunwal E-Motors IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Tunwal E-Motors IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 18th July 2024. After submission, funds are blocked until the basis of allotment of Tunwal E-Motors IPO is finalised.
The merchant banker for Tunwal E-Motors IPO is Horizon Management Private Limited . Horizon Management Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Tunwal E-Motors IPO RHP for further details.
The registrar for Tunwal E-Motors IPO is Skyline Financial Services Private Limited. Investors can go to Skyline Financial Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Tunwal E-Motors IPO through their official website or helpline.
Tunwal E-Motors IPO was subscribed 12.31 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 115.64 Cr.
Avg IPO Size (Sector Based)
:
₹ 34.62 Cr.
Sector: Engineering - Automotive
SME IPO so far:
19
Merchant Banker:
Horizon Management
SME IPO by BRLM so far:
47
City:
Pune
SME IPO so far:
36
Revenue (annualised):
₹ 104.60 cr.
PE
Ratio:
27.62x
Average Sector PE Ratio: 19.15x
Tunwal E-Motors IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Tunwal E-Motors Financial Review Page
Merchant Banker(s) of Tunwal E-Motors IPO: Horizon Management Private Limited
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.
Why Us?
