Tunwal E-Motors IPO

Tunwal E-Motors Ltd

₹1,18,000 /2000 sharesMinimum Investment

Tunwal E-Motors IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹59.00₹64.00₹5.00 (8.47%)

Tunwal E-Motors IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
15 Jul ‘24 - 18 Jul ‘24₹1,18,0002,000₹59 - ₹59
Issue SizeIPO Doc
115.64Cr
RHP PDF

About the company

Tunwal E-Motors Ltd operates in the electric vehicle (EV) manufacturing industry. The company is involved in the design, development, manufacturing, and distribution of high-quality electric two-wheelers. The company's operations are based in Palsana, Rajasthan. The company is also registered with the Bureau of Indian Standards and SAE International, USA. Tunwal E-Motor’s portfolio includes 23 models, which include seven variants of two-wheelers.;
Founded in
2018
Managing director
Mr. Jhumarmal Pannaram Tunwal
Parent organisation
Tunwal E-Motors Ltd

Strength and risks

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.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular59 - 59₹2 Lakh
High Networth Individual59 - 59₹2 - 5 Lakh
For Tunwal E-Motors IPO, eligible investors can apply as Regular.
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