Tunwal E-Motors Ltd IPO
Open Demat Account
Tunwal E-Motors Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
₹ 196 L | ₹ 57.5 L | ₹ 93.1 L | ₹ 400.19 L | NSE | TBA |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
15 Jul, 24 | 18 Jul, 24 | 2000 | TBA | Fixed Price - SME | 23 Jul, 24 |
Tunwal E-Motors Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Automobiles - Motorcycles |
Sub Sector | Mopeds |
Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 0x | 0 | 3494000 |
NII | 7.34x | 9310000 | 68328000 |
Retail | 16.64x | 9310000 | 154958000 |
Employee | 0x | 0 | 0 |
Total | 11.57x | 19600000 | 226780000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Tunwal E-Motors Ltd Financial Status
Income Statement
Balance Sheet
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 16.69 | 5.69 | 3.68 |
EBITDA | 17.61 | 6.46 | 4.11 |
PAT | 11.81 | 3.72 | 2.34 |
Total Assets | 64.25 | 45.52 | 40.07 |
Share Capital | 8.29 | 4.13 | 1.03 |
Total Borrowings | 23.48 | 27.75 | 18.42 |
Operating Activities (Net Cash) | 12.73 | 4.49 | 2.77 |
Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
Financing Activities (Net Cash) | 23.48 | 27.75 | 18.42 |
Net Cashflow | 2.65 | 3.27 | 2.61 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Tunwal E-Motors Ltd
Tunwal E-Motors Limited was originally incorporated as Tunwal E-Motors Private Limited on December 21, 2018, vide certification of incorporation bearing Corporate Identity No. U34300PN2018PTC180950. under the provision of Companies Act, 2013 issued by the Assistant Registrar of Companies, of Maharashtra Pune, Subsequently Company was converted into Public Limited Company vide a fresh certificate of incorporation issued by Registrar of Companies, Pune consequent upon conversion from Private Limited to Public Company dated December 13, 2023, to its present name of Tunwal E-Motors Limited with the Corporate Identification Number U34300PN2018PLC180950.
The electric two-wheeler (E2W) market in India is experiencing rapid growth, propelled by the country's status as one of the world's fastest-growing markets for electric vehicles. The two-wheeler segment, commanding over 70% of all registered vehicles in India, plays a pivotal role in this surge. E2Ws are increasingly popular for short-distance travel, particularly in urban areas, where they offer a convenient and efficient mode of transportation. Notably, more than 50% of all petrol transactions in India are related to two-wheelers. Beyond personal use, E2Ws are finding diverse applications in commercial sectors, including logistics fleets for food and groceries, parcel and courier services, and passenger transport-related services. The adaptability of these vehicles for navigating through traffic has led to testing for first and last-mile connectivity through shared trips and bike taxi services. A study suggests that the penetration of electric two-wheeler sales in India could exceed 80% by 2030, highlighting the sector's anticipated robust growth. The accompanying line graph, depicting registered E2W sales from December 2021 to March 2023, underscores the upward trajectory of E2W penetration in the Indian economy. In March 2023 alone, 86,067 registered E2W sales were recorded by the Society of Manufacturers of Electric Vehicles (SMEV), emphasizing the sector's growing prominence and consumer adoption. This summary captures the thriving landscape of the electric two-wheeler industry in India, driven by a surge in demand and a shift towards sustainable and efficient modes of transportation.
Tunwal E-Motors Ltd, an upcoming force in the electric vehicle (EV) manufacturing sector, stands at the forefront of India's drive towards sustainable and eco-friendly mobility solutions. Established in 2018, the company has rapidly evolved to become a significant player in the market, specializing in the design, development, manufacturing, and distribution of high-quality electric two-wheelers.
Peer Comparison:
- Wardwizard Innovations & Mobility Ltd
- TVS Motor Company Ltd
Tunwal E-Motors Ltd IPO Key Points
Strengths
- Pure EV player with an admirable position in the fast-growing Indian E2W market.
- Recognized brand in the eyes of the distributors and consumers.
- Present in 19 states through a distribution channel.
- Selling a wide variety of products which are well accepted in the market.
- Simple and innovative designs.
Risk
- The Company and Promoter of the company are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before the court and regulatory authority. Any adverse decision may make it liable to liabilities/penalties and may adversely affect its reputation, business, and financial status.
- Its success depends on the company's ability to successfully develop, introduce, manufacture, market and deliver new electric vehicle models of high quality on schedule and on a large scale, which may expose it to new and increased challenges and risks.
- The company depends on third parties for the supply of raw materials and does not have firm commitments for supply or exclusive arrangements with any of its suppliers. Loss of suppliers may have an adverse effect on its business, results of operations and financial condition.
Strategy
- Enhance Nationwide Presence.
- New EV Models Introduction.
- Invest in R&D to advance its technological capabilities and optimize costs.
- Global Market Exploration through Exports.
- Optimise capacity utilization.
- Pure EV player with an admirable position in the fast-growing Indian E2W market.
- Recognized brand in the eyes of the distributors and consumers.
- Present in 19 states through a distribution channel.
- Selling a wide variety of products which are well accepted in the market.
- Simple and innovative designs.
How To Apply for Tunwal E-Motors Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.