Let’s Discuss Tunwal E-Motors IPO So, The electric vehicle (EV) movement has spread like wildfire in world over and India is no different. As sustainable transportation continues to gain steam in the modern era, many firms have taken a slice of their pie of what can only be described as an electric vehicle market. This includes Tunwal E-Motors, one of the rising stars in the world of electric two-wheelers. Ahead of its IPO, market participants are eagerly waiting to hear from the investors regarding their aspirations with Tunwal E-Motors. In this post, we will perform a thorough analysis of Tunwal E-Motors Ltd IPO so that you can decide whether it is worth investing in or not.
Company Overview
About Tunwal E-Motors
Best Quality Electric Two-Wheelers in India Tunwal E-Motors has been established with a prophesy to produce affordable and efficient electric two-wheelers. The company produces electric scooters for a variety of urban commuter needs. Tunwal E Moters With an eye on the future, quality of product and comfortable for it costumer has become a trait swiftly recognized by buyers.
Tunwal E-Motors IPO is a fixed price issue of Rs 115.64 crore The issue comprises a fresh issue of 138.5 lakh shares (Rs 81.72 crore) and offer for sale of up to 57.5 lakh shared (Rs 33.93 crore).
Tunwal E-Motors IPO Dates & Allotment Status Dates : IPO Opening Date: July 15, 2024 Details Above… The finalization of allotment for Tunwal E-Motors IPO will be on Friday, July 19 Today. Tunwal E-Motors Ltd IPO will list at NSE SME with Issue Price of Rs.
Tunwal E-Motors IPO: The company said the issue price will be at ₹59 a share. Each application has to be for a minimum of 2000 Shares. Retail investors are required to invest a minimum of ₹118,000. For HNI, the minimum lot size investment for 2 lots (4000 shares) is ₹236,000.
Tentative details of Tunwal E-Motors IPO
Tunwal E-Motors IPO opens on July 15, 2024, and closes on July 18, 2024.
| IPO Open Date | Monday, July 15, 2024 |
| IPO Close Date | Thursday, July 18, 2024 |
| Basis of Allotment | Friday, July 19, 2024 |
| Initiation of Refunds | Monday, July 22, 2024 |
| Credit of Shares to Demat | Monday, July 22, 2024 |
| Listing Date | Tuesday, July 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 18, 2024 |
Financial details of Tunwal E-Motors Limited
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 7,582.97 | 5,694.49 | 5,037.44 |
| Revenue | 10,553.69 | 7,655.74 | 7,566.42 |
| Profit After Tax | 1,181.17 | 372.48 | 233.94 |
| Net Worth | 2,053.08 | 821.91 | 424.43 |
| Reserves and Surplus | 1,224.06 | 409.40 | 321.55 |
| Amount in ₹ Lakhs | |||
Investment Rationale
Strong Market Position
Tunwal E-Motors is a well-known name in the electric two-wheeler space, with its low-cost and high-quality offerings making it a dominant player. Their dedication to Innovations and Sustainability Money are Added benefits for their market presence.
Growth Potential
With a supportive government policy, growing environmental consciousness & escalating fuel prices, India is at the precipice of an electric vehicle revolution. Given the stricter emissions norms, Tunwal E-Motors is at an excellent juncture to tap into these emerging shifts.
Financial Stability
The company has delivered strong financial results, consistently growing revenues at a solid clip while maintaining healthy margins — both of these factors suggest that the business could serve as an excellent launching pad for further growth. Additional financial strength is anticipated from its planned expansion and deleveraging efforts.
Experienced Leadership
He adds that Tunwal E-Motors is managed by people with great experience and are stalwarts in the industry, who have been associated with this sector for a long time. Well, the strategic vision and operational acumen of leadership has been one of many successes seen in this company.
Risks and Challenges
Market Competition
The two-wheeler electric market has a lot of competition, both in well-known brands and new companies that want to take advantage. Staying relevant will certainly necessitate new innovations along with dedicated marketing.
Regulatory Changes
Changes in government policies and regulation will affect the operations, sales volume or profitability of our business. Is really to stay compliant with changing standards and receive regulatory benefits.
Supply Chain Disruptions
Like other companies, it uses a global supply chain for its parts. And any disruptions in the supply chain – whether from some calamity or geopolitical tension down under, can have serious implications on production and profitability.
Technological Advancements
Technological developments are changing rapidly in the EV category and consistent R&D investment is crucial. Being behind on technology can even cause greater competitive disadvantage for the business.
Conclusion
The IPO of Tunwal E-Motors is a potential value proposition for the investors eyeing to invest in electric vehicle space. In addition, their financial performance is strong and they have a growing market leading position with innovative products that come from renewable resources. At the same time, risks associated with competition and regulation cannot be ignored by investors. In a nut-shell, Tunwal E-Motors’ IPO comes with adequate risk and reward balancing which might tempt the attention of all those investors who are looking for an electric vehicle industry experience. To understand what is IPO click here.
How to apply Tunwal E-Motors IPO trough zerodha?
STEPS to login in Zerodha ConsoleSTEP 1- – Go-to the console page of zerodha
Zerodha site ki visit karen: Browser open karke https://console.zerodha.com per jayen.
Then Click on log in to your accountEnter this Zerodha user ID, password and PIN access you accout.
Step 2: Go to the IPO Segment
Step 1: Visit the ‘Portfolio’: After login click on Portfolio tab, available at left side menu.
Step 2: IPO search Click on ‘IPO’ which is under the tab of Portfolio to view a list comprising all active IPOs.
Step 3: Click on the Tunwal E-Motors IPO
Search the IPO: You can filter by Tunwal E-Motors IPO and search from a list of available public offerings.
Finally, click on ‘Apply’: Upon finding Tunwal E-Motors IPO you just need to select Apply (along with Submit after entering the input details).
STEP 4: Type your Application Details
In the application form, you have to enter your UPI ID : Enter Your UPI Id Once added the UPI ID, it can link to a bank account which have enough balance for applying.
Bid Quanity: Qty Enter Number of shares Qty UPTO Bid Price,Integer only Click on the option ‘Cut-off’ to apply at cut-off price.
Check your field details: Review All the accurate information entered
Step 5: Apply for the position
Submission :After filling all these opportunitys click on the submit button as shown below.
UPI Mandate: There you will get a UPI mandate request in your UPI app. Open the app and confirm the mandate to withhold funds for IPO application
Stage 6: Trust the Process
Verify the status: After you have accepted a UPI mandate, your IPO application will be submitted successfully Processed Petition available in the IPO tab under Order Book.