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Tunwal E-Motors Allotment Status, Subscription, and IPO Details

The Tunwal E-Motors allotment is set for July 19, 2024, with shares priced at ₹59 per share. The offering allows bidding for lots of 2000 shares or multiples thereof.
Tunwal E-Motors Allotment Status, Subscription, and IPO Details

Tunwal E-Motors Ltd IPO Allotment Status 

The allotment date for the Tunwal E-Motors IPO is set for July 19, 2024, with shares priced at a range of ₹59 per share and a face value of ₹2. The offering consists of lots of 2000 shares, with bids accepted for these lots or their multiples.

Tunwal E-Motors Ltd IPO Allotment Status Check 

To ascertain their allocation status for the Tunwal E-Motors IPO, investors can easily navigate through steps provided on either the BSE platform or the IPO registrar Skyline Financial Services website.

IPO Allotment Status BSE 

Here are steps to check Tunwal E-Motors Limited IPO allotment status on BSE website

Step 1: Visit BSE website 

Step 2: Select ‘Equity’ under the Issue Type

Step 3: Choose Tunwal E-Motors Ltd from the drop-down menu

Step 4: Enter Application No or PAN

Step 5: Click on ‘I am not a Robot’ and then hit on ‘Submit”

Steps to check Tunwal E-Motors allotment status on Skyline Financial Services website

Step 1: Visit IPO registrar website – Skyline Financial Services 

Step 2: Select ‘Tunwal E-Motors’ from the Select Company dropdown menu

Step 3: Choose from PAN, Application No, DP/Client ID, or Account No/IFSC

Step 4: Enter the details as per the option selected

Step 5: Hit the Submit button

Your Tunwal E-Motors IPO allotment status will be reflected on the screen.

Tunwal E-Motors Limited IPO GMP Today

The Tunwal E-Motors IPO GMP (Grey Market Premium) is ₹10 as of July 18.

Tunwal E-Motors Limited IPO Subscription Status 

Tunwal E-Motors IPO  continued to draw interest on Day 2, being subscribed 3.02 times. This robust uptake highlights ongoing investor enthusiasm and confidence in the company’s potential within the EV sector.

Tunwal E-Motors Limited IPO Details

The Tunwal E-Motors IPO, totaling Rs 115.64 crores, includes a fresh issue of 138.5 lakh shares for Rs 81.72 crores and an offer for sale of 57.5 lakh shares at Rs 33.93 crores. Open from July 15 to July 18, 2024, it will be listed on NSE SME on July 23. Shares are priced at ₹59, with a minimum investment for retail at ₹118,000. Horizon Management and Skyline Financial Services manage the IPO, with Nikunj and Giriraj as market makers.

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