Tunwal E-Motors Limited
ListedSMEAutomotive & Auto Components · NSE
Incorporated in December 2018, Tunwal E-Motors Limited is an electric vehicle manufacturer specializing in the design, development, production, and distribution of electric two-wheelers. Offering over 23 models, the company serves 23 states in India through a network of 330+ dealers who provide comprehensive after-sales services. Its Palsana, Sikar manufacturing facility spans 8,000 sq. meters with a production capacity of 41,000 units. As of March 31, 2024, Tunwal E-Motors employs 64 permanent staff trained in quality, safety, and operational excellence.
Price Band
₹59
Issue Size
₹116 Cr
Lot Size
2000 shares
GMP
₹5
+8.5%
Est. Listing
₹64
at current GMP
Subscribed
12.18x
overall
Open
15 Jul 2024
Close
18 Jul 2024
Allotment
19 Jul 2024
Refund
20 Jul 2024
Demat Credit
21 Jul 2024
Listing
23 Jul 2024
Last updated 12 days ago
Official Registrar Verification
Tunwal E-Motors Limited Allotment Status
Designated Registrar: Skyline Financial Services Private Limited
Allotment Date
19 Jul 2024
Basis finalization
Refunds Initiate
20 Jul 2024
Mandate release
Demat Credit
21 Jul 2024
Shares in demat
Listing Debut
23 Jul 2024
Trading begins
How to Check Tunwal E-Motors Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Skyline Financial Services Private Limited's allotment portal.
- Select Tunwal E-Motors Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Tunwal E-Motors Limited Public Issue & Market Profile
Tunwal E-Motors Limited is bringing an initial public offering (IPO) in the Automotive & Auto Components sector with an aggregate issue size of ₹115.64 Crores. The shares are offered at a price band of ₹59 to ₹59 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2024-07-18, the basis of allotment is scheduled to be finalized on 2024-07-19. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.