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Tunwal E-Motors IPO GMP Today, Price Range and Company Details

Tunwal E-Motors IPO offers shares at ₹59, with a ₹25 Grey Market Premium. Available in 2000 share lots, the subscription runs from July 15 to July 18, 2024.
Tunwal E-Motors IPO GMP Today, Price Range and Company Details

As of July 12, 2024, Tunwal E-Motors IPO has a ₹25 as Grey Market Premium, with a price range of ₹59 per share. Offering lots of 2000 shares, the subscription window is open from July 15 to July 18, 2024.


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Tunwal E-Motors Limited IPO GMP Today

The Grey Market Premium (GMP) for Tunwal E-Motors Limited is ₹25 as of July 12, 2024. This assessment coincides with a price of ₹59 per share for the IPO.

Tunwal E-Motors Limited IPO Review

Tunwal E-Motors Limited has shown promising growth with an increase in revenue from ₹7,545.91 lakhs in March 2022 to ₹10,460.07 lakhs in March 2024. Profit after tax and EPS have also risen, suggesting robust profitability and enhancing investor confidence in the company’s financial health.

Despite the positive financial trends, concerns arise from a declining Inventory Turnover Ratio, hinting at possible sales slowdowns or inventory management issues. Nonetheless, improvements in the debt-equity ratio and a consistent rise in total assets indicate ongoing expansion and stronger financial positioning.

To get a full IPO review, click here Tunwal E-Motors IPO

Tunwal E-Motors Limited IPO Date

Tunwal E-Motors Limited will start accepting subscriptions from July 15, 2024 to July 18, 2024.

Tunwal E-Motors Limited IPO Price

Tunwal E-Motors Limited’s price range is ₹59 per share with a face value of ₹2 each.

Tunwal E-Motors Limited

Founded in 2018, Tunwal E-Motors Limited has become a prominent figure in India’s EV industry, focusing on producing eco-friendly electric two-wheelers. Its facility in Palsana, Rajasthan, crafts affordable electric scooters, backed by BIS and SAE certifications. The company prioritises innovation with its R&D department, ensuring ongoing advancement in electric mobility for a sustainable future.

How To Apply For Tunwal E-Motors Ltd IPO?

To apply for the Tunwal E-Motors through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Tunwal E-Motors on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Tunwal E-Motors IPO at Alice Blue in just a few clicks!

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