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.
Jhumarmal Pannaram Tunwal is the Promoter, Chairman and Managing Director of the Company. He has over twelwe (12) years of experience in electronic component industry and more than 7 years in EV industry.
Financially, Tunwal E-Motors revenue stable from ₹7,566.42 Lakhs in FY22 to ₹7,655.74 Lakhs in FY23 and currently increased to ₹10,553.69 Lakhs in FY24. Similarly, EBITDA increased from ₹433.06 Lakhs in FY22 to ₹660.72 Lakhs in FY23 and currently increased at ₹1,783.15 Lakhs in FY24. The PAT also increased from ₹233.94 Lakhs in FY22 to ₹372.48 Lakhs in FY23 and currently at ₹1,181.17 Lakhs in FY24. This indicates a steady growth in financial performance.
For the Tunwal E-Motors IPO, the company is issuing shares at a pre-issue EPS of ₹2.85 and a post-issue EPS of ₹2.13. The pre-issue P/E ratio is 20.70x, while the post-issue P/E ratio is 27.69x against the industry P/E ratio of 92.14x. The company's ROCE for FY24 is 59.38%, and ROE for FY24 is 57.53%. These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of Tunwal E-Motors indicates potential listing gains of 40% - 45% . Given the company's financial performance and the valuation of the IPO, we recommend Risk Taking Investors to apply for Listing gain or Long Term Investment Purposes.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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