Tunwal E-Motors Limited (NSE SME)
July 15, 2024 – July 18, 2024
| Price | ₹59 - ₹59 |
| Premium | ₹5 |
|---|---|
| Lot size | 2000 |
| Allotment | Jul 19, 2024 |
| Listing | Jul 23, 2024 |
Live Rate
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Subscription
Last updated on 18-Jul-2024 17:00:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 9310000 | 71806000 | 7.71 |
| RETAIL | 9310000 | 154916000 | 16.64 |
| Total | 18620000 | 226722000 | 12.18 |
| Retail Apps | 77458 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.61 | @8% ₹0.7 | @9% ₹0.79 | @10% ₹0.87 | @11% ₹0.96 | @12% ₹1.05 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 118000 | 4655 |
| HNI | 2 | 4000 | 236000 | 4655 |
Tunwal E-Motors IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 9310000 |
| Other | 47.5% | 9310000 |
| Market Maker | 5.0% | 980000 |
| Total No. of Shares | 100.0% | 19600000 |
Tunwal E-Motors IPO Details
| Issue Size | 19,600,000 shares (aggregating up to ₹115.64 Cr) |
| Fresh Issue | 13,850,000 shares (aggregating up to ₹81.72 Cr) |
| Offer for Sale | 5,750,000 shares of ₹2 (aggregating up to ₹33.93 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 41,451,080 |
| Share holding post issue | 55,301,080 |
| Market Maker portion | 980,000 shares Nikunj Stock Brokers Giriraj Stock Broking |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 57.53% | 45.32% | 55.12% |
| ROCE | 59.38% | 31.97% | 27.13% |
| RONW | 57.53% | 45.32% | 55.12% |
| D/E | 1.00 | 2.30 | 3.20 |
| EPS (basic) | 2.85 | 1.81 | 1.21 |
| P/E Pre IPO | 20.71 | ||
| P/E Post IPO | 27.62 |
Company Financials
Tunwal E-Motors Limited Financial Information (Restated)
Tunwal E-Motors Limited's revenue increased by 37.85% and profit after tax (PAT) rose by 217.11% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|
| Assets | 7,582.97 | 5,694.49 | 5,037.44 |
| Revenue | 10,553.69 | 7,655.74 | 7,566.42 |
| Profit | 1,181.17 | 372.48 | 233.94 |
| Net Worth | 2,053.08 | 821.91 | 424.43 |
| Reserves | 1,224.06 | 409.40 | 321.55 |
| Amount in ₹ Lakhs | |||
COMPANY PRODUCTS CLICK HERE
About Company
Incorporated in December 2018, Tunwal E-Motors Limited is a prominent electric vehicle (EV) manufacturer specializing in the design, development, production, and distribution of high-quality electric two-wheelers. The company has introduced over 23 different models to meet diverse market needs and maintains a strong presence across 23 states in India through a network of over 330 dealers. These dealers are required to provide comprehensive after-sales services, including routine maintenance, battery management, diagnostics, safety checks, and component replacement. The company's manufacturing unit, located in Palsana, Sikar, spans 8000 square meters and boasts a production capacity of up to 41,000 units. As of March 31, 2024, Tunwal E-Motors Ltd employs 64 permanent staff, who receive regular training to enhance operational excellence, productivity, and adherence to quality and safety standards.
Strength Factors
Strong Market Position: Tunwal E-Motors Limited holds an admirable position in the rapidly growing Indian electric two-wheeler (E2W) market.
Recognized Brand: The company is well-regarded by both distributors and consumers, enhancing its market reputation and reliability.
Extensive Distribution Network: With a presence in 19 states and a network of over 256 dealers, Tunwal E-Motors ensures widespread availability and support for its products.
Risk Factors
Legal Proceedings: Ongoing litigation involving the company and its promoter could lead to liabilities, penalties, and damage to reputation, potentially affecting business and financial stability.
Development Challenges: The company's success relies on its ability to develop and deliver new high-quality electric vehicle models on time and at scale, which presents significant risks and challenges.
Supplier Dependence: Reliance on third-party suppliers without firm commitments or exclusive arrangements may lead to supply disruptions, adversely impacting business operations and financial health.
Strength
Weakness
Lead Manager(s)
Address
Tunwal E-Motors Limited
Rama Icon Commercial Building,
Office No 501, S.No 24/2, C.T.S, No. 2164,
Plot No. 31/11 Sadashiv Peth, Pune, 4110
Phone: +91-20-24336001
Email: cs@tunwal.com
Website: https://tunwal.com/