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
Overall Subscription
12.18x
Total Demand
QIB Multiplier
7.71x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
16.64x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 9,310,000 | 71,806,000 | 7.71x |
| RETAIL | 9,310,000 | 154,916,000 | 16.64x |
| Total | 18,620,000 | 226,722,000 | 12.18x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 3,430 | 57,075 | 16.64x |
| HNIs (10L +) | 22 | 268 | 12.18x |
| HNIs (2-10L) | 105 | 1,279 | 12.18x |
| Total Applications | 3,557 | 58,622 | 16.48x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 is Tunwal E-Motors Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Tunwal E-Motors Limited IPO is ₹5 per equity share. Based on the upper price band of ₹59 to ₹59 per equity share, the estimated listing price is ₹64 (+8.5% expected listing gain).
What is the expected profit per lot for Tunwal E-Motors Limited IPO?
With a lot size of 2000 shares and current GMP of ₹5, the expected profit per application lot is approx ₹10,000 (+8.5% gain). Minimum application cost is approx ₹1,18,000.
What is the issue size and price band for Tunwal E-Motors Limited IPO?
The Tunwal E-Motors Limited IPO aggregate issue size is ₹115.64 Crores with an equity price band set at ₹59 to ₹59 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,18,000.
How can I check Tunwal E-Motors Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 12.18x (Retail: 16.64x, QIB: 7.71x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
Where and when will Tunwal E-Motors Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2024-07-19. Investors can verify status using PAN card or application number.
When is the listing date for Tunwal E-Motors Limited IPO?
Tunwal E-Motors Limited shares are scheduled to list on NSE on 2024-07-23.