Tunwal E-Motors IPO

Tunwal E-Motors IPO: INR 115.64 crores; fresh issue: INR 81.72 crores, offer for sale: INR 33.93 crores. Funds for working capital, R&D, growth, and corporate expenses.

Important Details

Open Date : July 15, 2024 Close Date : July 18, 2024 Allotment Date: July 19, 2024 Listing Date: July 23, 2024

Important Details

IPO Price: INR 59 per share Lot Size: 2000 Shares Total Issue Size: INR 115.64 crores

Fundamental Analysis

Tunwal E-Motors IPO analysis shows mixed performance: 1. Revenue has increased, reflecting strong growth. 2. Profitability and EPS are rising. 3. Debt-equity ratio is improving. 4. Inventory turnover suggests potential inefficiencies.

Peer Comparison

Tunwal E-Motors: robust growth, increasing revenue, profitability, return on equity; inventory turnover concerns. Wardwizard Innovations & TVS Motors: varying revenue, profitability, and efficiency.

Objective

Tunwal E-Motors Limited aims to fund working capital needs, invest in R&D, and pursue inorganic growth strategies.

Risks And Challenges

Tunwal E-Motors IPO risks: 1. Ongoing legal issues. 2. Potential cost overruns, Competitive EV pressures. 3. Reliance on non-exclusive supplier agreements. 4. Potential impact on finances, production & reputation