Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Tunwal E-Motors IPO
Tunwal E-Motors Ltd
₹1,18,000 /2000 sharesMinimum Investment
Tunwal E-Motors IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 15 Jul ‘24 - 18 Jul ‘24 | ₹1,18,000 | 2,000 | ₹59 - ₹59 |
| Issue Size | IPO Doc |
|---|---|
| 115.64Cr | RHP PDF |
About Tunwal E-Motors
Founded in
2018
Managing director
Mr. Jhumarmal Pannaram Tunwal
Parent organisation
Tunwal E-Motors Ltd
Strengths & Financials of Tunwal E-Motors
Strengths
Risks
The company’s profit after tax (PAT) has risen consistently over the years. PAT rose from Rs 2.34 crore in FY22 to Rs 3.72 crore in FY23 and then to Rs 11.81 crore in FY24.
The company’s portfolio includes a selection of electric scooters, featuring over 23 models, including seven variants, all of which are developed and ready for distribution.
Tunwal E-Motors has a presence in 19 states in India, with a network of over 256 dealers.
The company and its promoter are involved in various legal proceedings at different judicial and regulatory levels. Any negative outcome of these cases could expose the company to significant liabilities and penalties, which may negatively impact the company’s operations.
Tunwal E-Motors' revenue relies heavily on its network of distributors and dealers. A reduction in sales from any of its key partners could detrimentally affect the company’s overall business performance.
The company's income is entirely dependent on the sales of its electric scooter models. If these products fail to gain acceptance in the market, it could severely harm the business.
Of the top 10 suppliers of the company, over 80% come from a few international suppliers. Any disruption of supplies from them could negatively impact the company’s operations.
As of March 31, 2024, Tunwal E-Motors had unsecured loans amounting to Rs 20.52 crore from its directors and related parties. Any inability to service or repay these loans could negatively impact the company’s business.
Tunwal E-Motors Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Tunwal E-Motors IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹59 - 59 | ₹2 - 5 Lakh |
| High Networth Individual | ₹59 - 59 | ₹2 - 5 Lakh |
For Tunwal E-Motors IPO, eligible investors can apply as Regular.