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Tunwal E-Motors IPO
Tunwal E-Motors Ltd
₹1,18,000 /2000 sharesMinimum investment
IPO details
Minimum investment
₹1,18,000
Price range
₹59 - ₹59
Lot size
2,000
Issue size
115.64 Cr
Face value
2
IPO document
Subscription rate
Data will be available soon
Schedule
15 Jul 2024
IPO open date
18 Jul 2024
IPO close date
19 Jul 2024
Allotment date
19 Jul 2024
Funds unblock or debit
23 Jul 2024
Tentative listing date
About
Founded in
2018
MD/CEO
Mr. Jhumarmal Pannaram Tunwal
Parent organisation
Tunwal E-Motors Ltd
Tunwal E-Motors Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & 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.
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.
Application details
For Tunwal E-Motors IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹59 - ₹59 | ₹2 - ₹5 Lakhs | 2000 |
| High Networth Individual | ₹59 - ₹59 | ₹2 - ₹5 Lakhs | 2000 |