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Tunwal E-Motors Charges Ahead with Strong IPO Debut, Stock Opens with 8.5% Premium at ₹64! 

Tunwal E-Motors debuted on the NSE SME at ₹64, marking an 8.5% premium over the ₹59 issue price, showing robust investor interest in its initial stock offering.
Tunwal E-Motors Charges Ahead with Strong IPO Debut, Stock Opens with 8.5% Premium at ₹64! 

Tunwal E-Motors made a strong debut on NSE SME, with shares opening at ₹64, an 8.5% premium over the issue price of ₹59. This positive start reflects strong investor interest in the company’s stock.

The Tunwal E-Motors IPO opened on July 15 and closed on July 18. It featured a face value of ₹2 per share, with a set price of ₹59. Investors could bid for a minimum of 2000 shares. The subscription reached 12.31 times on the final day.

Founded in 2018, Tunwal E-Motors Limited has become a prominent force in India’s electric vehicle market, focusing on eco-friendly electric two-wheelers. Operating from a modern facility in Palsana, Rajasthan, the company produces cost-effective electric scooters. It is BIS and SAE International certified, supporting sustainable transportation. Its organised structure in sales, accounts, HR, and service fosters ongoing innovation and growth.

Tunwal E-Motors Limited’s financial review shows rising revenue, profitability, and EPS, with a decreasing debt-equity ratio. Despite growing assets and equity, concerns arise from a lower inventory turnover ratio, showing potential inefficiencies.

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