Tunwal E-Motors Limited IPO GMP

TUNWAL E-MOTORS LIMITED is a 100% electric two-wheeler manufacturing company established in October 2013 with a mission to create two-wheeler that can ride along with us to the future. They Tunwal E-Bike, can proudly say that we have India’s smartest, economical and premium designed electric two-wheelers.

Tunwal E-Motors IPO, a Fixed Price issue amounting to ₹115.64 crores, consisting a Fresh Issue of 138.5 lakh Shares worth ₹81.71 crores and an offer for sale of 57.5 Lakh shares totalling ₹33.92 crores. The subscription period for the Tunwal E-Motors IPO opens on July 15, 2024, and closes on July 18, 2024. The allotment is expected to be finalized on or about Friday, July 19, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, July 23, 2024.

The Share price of Tunwal E-Motors IPO is set at ₹59 equity per share, with a minimum lot size of 2,000 shares. Retail investors are required to invest a minimum of ₹118,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹236,000.

Horizon Management Private Limited is the book-running lead manager, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar for the Issue. Nikunj Stock Brokers Limited and Giriraj Stock Broking Private Limited is the market maker for the Tunwal E-Motors IPO.

Tunwal E-Motors Limited IPO GMP Today
The Grey Market Premium of Tunwal E-Motors Limited IPO is expected in the range of ₹20 to ₹25 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Tunwal E-Motors Limited IPO Live Subscription Status Today
As of 08.38 AM on 18 July 2024, the Tunwal E-Motors Limited IPO live subscription status shows that Tunwal E-Motors Limited IPO subscribed 3.02 times on Day 3. Check the Tunwal E-Motors Limited IPO Live Subscription Status Today at NSE. 

Tunwal E-Motors Limited IPO Allotment Status
Tunwal E-Motors IPO allotment date is 19 July, 2024, Friday. Tunwal E-Motors IPO Allotment will be out on 19th July 2024 and will be live on Registrar Website from the allotment date. Check Tunwal E-Motors Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Tunwal E-Motors Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Tunwal E-Motors Limited IPO
Tunwal E-Motors Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹3,500.00 Lakhs is required for Funding of working capital of the Company. 
2. ₹500.00 Lakhs is required for Research & Development 
3. ₹500.00 Lakhs is required for Pursuing Inorganic Growth 
4. ₹2,040.98 Lakhs is required for General Corporate Expenses

Refer to Tunwal E-Motors Limited RHP for more details about the Company.