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Tunwal E-Motors IPO Date, Review, Price, Allotment Details
IPOWatch Team
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Tunwal E-Motors IPO Details: Tunwal E-Motors IPO date is fixed, The IPO will open on July 15, 2024 and will close on July 18, 2024. Tunwal E-Motors is a NSE SME IPO to raise ₹115.64 crores via IPO. The Tunwal E-Motors IPO price band is fixed at ₹59 with a market lot of 2000 shares.

Tunwal E-Motors IPO
Table of Contents
Tunwal E-Motors IPO Review
Tunwal E-Motors IPO Date & Price Band Details
Tunwal E-Motors IPO Market Lot
Tunwal E-Motors IPO Dates
Tunwal E-Motors IPO Form
Tunwal E-Motors Company Financial Report
Tunwal E-Motors IPO Valuation – FY2024
Peer Group
Company Promoters
Tunwal E-Motors IPO Registrar
Tunwal E-Motors IPO Allotment Status
Tunwal E-Motors IPO Lead Managers aka Merchant Bankers
Company Address
Tunwal E-Motors IPO FAQs

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. Over the years, they have achieved a 346% CAGR on revenue, introduced more than 23 models including 7 variants of 2-wheelers, a dealer base of over 225 across India, and established a presence in 19 states.

Tunwal E-Motors IPO Date & Price Band Details
IPO Open: July 15, 2024
IPO Close: July 18, 2024
IPO Size: Approx ₹115.64 Crores, 19,600,000 Equity Shares
Fresh Issue: Approx ₹81.72 Crores, 13,850,000 Equity Shares
Offer for Sale: Approx ₹33.93 Crores, 5,750,000 Equity Shares
Face Value: ₹2 Per Equity Share
IPO Price Band: ₹59 Per Equity Share
IPO Listing on: NSE SME
Retail Quota: 50% of the net offer
QIB Quota: NA
NII Quota: 50%

Tunwal E-Motors IPO Market Lot
The Tunwal E-Motors IPO minimum market lot is 2000 shares with a ₹118,000 application amount.

Application Lot Size Shares Amount
Retail Minimum 1 2000 ₹118,000
Retail Maximum 1 2000 ₹118,000
S-HNI Minimum 2 4000 ₹236,000

Tunwal E-Motors IPO Dates
The Tunwal E-Motors IPO date is July 15 and the IPO close date is July 18. The IPO allotment date is July 19 and the IPO might list on July 2023

tunwal E-Motors ipo valuation fy 2024 all topics covered...


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