Tunwal E-Motors Ltd IPO

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.

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50years

Tunwal E-Motors Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
196 L57.5 L93.1 L400.19 LNSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
15 Jul, 2418 Jul, 242000 TBA Fixed Price - SME23 Jul, 24

Tunwal E-Motors Ltd IPO Dates

  • 15 Jul 2024

    Opening date

  • 18 Jul 2024

    Closing date

  • 19 Jul 2024

    Basis of
    Allotment

  • 22 Jul 2024

    Initiation of
    Refunds

  • 22 Jul 2024

    Credit of
    Shares

  • 23 Jul 2024

    Listing date

Details

SectorType
SectorAutomobiles - Motorcycles
Sub SectorMopeds
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x03494000
NII7.34x931000068328000
Retail16.64x9310000154958000
Employee0x00
Total11.57x19600000226780000

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)FY23FY22FY21
Revenue from operations16.695.693.68
EBITDA17.616.464.11
PAT11.813.722.34
Total Assets64.2545.5240.07
Share Capital8.294.131.03
Total Borrowings23.4827.7518.42
Operating Activities (Net Cash)12.734.492.77
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)23.4827.7518.42
Net Cashflow2.653.272.61

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.

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 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.

Get your FAQs right

Tunwal E-Motors Ltd's IPO offers shares for up to ₹ 0 L It begins on Jul 15, 2024 and ends on Jul 18, 2024.

The price of Tunwal E-Motors Ltd IPO ranges between ₹0 to ₹0 per share.

The Tunwal E-Motors Ltd IPO opens on Jul 15, 2024 and closes on Jul 18, 2024.

The allotment for the Tunwal E-Motors Ltd IPO will be finalised on Jul 19, 2024. The shares will be listed on BSE and NSE on Jul 23, 2024.

The minimum lot size for Tunwal E-Motors Ltd IPO is 2000 shares, priced between ₹0 to ₹0 per share.

The GMP (Grey Market Premium) of Tunwal E-Motors Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Tunwal E-Motors Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Tunwal E-Motors Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 15, 2024, and closes on Jul 18, 2024. The allotment is finalised on Jul 19, 2024.

To apply for the Tunwal E-Motors Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.