31 Mar 2022
Assets50.37
Total Income75.66
Profit After Tax2.34
NET Worth4.24
Reserves and Surplus3.22
At a glance
Updated 2026-09-13The shares listed at ₹64.00, a 8.47% move from the issue price. Tunwal E-Motors is a SME IPO with an issue size of ₹115.64 crore, proposed for listing on NSE SME. The offer opens on 15th Jul 2024 and closes on 18th Jul 2024. The issue structure includes a fresh issue of ₹75.93 crore and an offer-for-sale component of ₹33.93 crore. The current listing schedule points to 23rd Jul 2024.
Issue details
Listing atNSE SME
Issue typeFixed Price Issue
Issue size₹115.64 Cr
Fresh issue₹75.93 Cr
Offer for sale₹33.93 Cr
Face value₹2
Price band—–—
Allotment19th Jul 2024
Listing23rd Jul 2024
Listing performance
Full performance ↗Issue price₹59.00
Listing price₹64.00
Current price—
Listing gain8.47%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹5.00
GMP / upper priceNO DATA
Est. listing₹64.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens15th Jul 2024
Closes18th Jul 2024
Allotment19th Jul 2024
Refund22nd Jul 2024
Demat22nd Jul 2024
Listing23rd Jul 2024
Subscription demand
Full bidding ↗Total12.12×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2000 | — |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding of working capital requirements of the Company. | ₹35.00 Cr |
| Research & Development | ₹5.00 Cr |
| Pursuing Inorganic Growth | ₹5.00 Cr |
| General Corporate Expenses | ₹20.41 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue105.54₹ Cr · +37.9% vs prior year
PAT11.81₹ Cr · +217.5% vs prior year
Assets75.83₹ Cr · +33.2% vs prior year
Net Worth20.53₹ Cr · +149.8% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets56.94
Total Income76.56
Profit After Tax3.72
NET Worth8.22
Reserves and Surplus4.09
31 Mar 2024
Assets75.83
Total Income105.54
Profit After Tax11.81
NET Worth20.53
Reserves and Surplus12.24
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 57.53% |
| ROCE | 59.38% |
| Debt / Equity | 1.00% |
| RoNW | 57.53% |
| PAT Margin | 11.29% |
| Price to Book Value | 11.92 |
Valuation & shareholding
Pre-IPO EPS2.85
Post-IPO EPS2.14
Pre-IPO P/E20.71
Post-IPO P/E27.62
Promoter holding pre97.04%
Promoter holding post62.34%
Market cap₹326.28 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Tunwal E-Motors IPO | — | 27.62 x | — | — |
| Victory Electric IPO | — | 30.41 x | — | — |
| Sellowrap Industries IPO | — | 11.44 x | — | — |
| CLN Energy IPO | — | 26.95 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Issue management fees including fees and reimbursements of Market Making fees, underwriting fees and payment to other Intermediaries such as Legal Advisors to the IPO, Advisors to the company Registrars and other out of pocket expenses. | ₹14.53 Cr |
| Marketing and Selling Commission and expenses | ₹0.10 Cr |
| Advertising and marketing expenses | ₹2.00 Cr |
| Printing and distribution of issue stationery | ₹0.02 Cr |
| Others - Listing fees | ₹0.01 Cr |
| Others - NSE processing fees | ₹0.00 Cr |
| Others - Other regulatory expenses | ₹0.01 Cr |
| Others - Miscellaneous | ₹0.10 Cr |
Registrar & lead managers
Registrar
Skyline Financial Services Pvt.Ltd.Lead managers
- Horizon Management Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
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