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Tunwal E-Motors Ltd
Registered Office:
Rama Icon Commercial Building,# 501 S#24/2 CTS #2164 P.31/11, Pune - 411030, Maharashtra, India.
Email :  cs@tunwal.com
Website :  www.tunwal.com
Initial public issue of up to 1,96,00,000 equity shares of face value of Rs. 2.00/- each of Tunwal E-Motors Limited for cash at a price of Rs. 59 per equity share (including a premium of Rs. 57 per equity share) ("Offer Price") aggregating up to Rs. 115.64 crores comprising of fresh offer of up to 1,38,50,000 equity shares aggregating to Rs. 81.72 crores ("Fresh Offer") and an offer for sale of up to 57,50,000 equity shares by Jhumarmal Pannaram Tunwal ("Selling Shareholders") aggregating to Rs. 33.93 crores ("Offer for Sale")("The Offer") and up to 9,80,000 equity shares aggregating to Rs. 5.78 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of up to 1,86,20,000 equity shares of face value of Rs. 2/- each at an offer price of Rs. 59 per equity share aggregating to Rs. 109.86 crores ("Net Offer"). The issue and the net issue will constitute 35.44% and 33.67% of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 2/- each and the issue price is 29.50 times of the face value.
Issue
Opens On Closes On
15-Jul-24 18-Jul-24
Money Payable On
Application Allotment
59.00 0.00
Minimum Application for shares in Nos : 2000  Further Multiples of : 2000
()(Cr.) Lead Managers to the Issue
Project Cost () 65.41 Horizon Management Pvt Ltd
Project Financed through Current Offer () 115.64  
Post Issue Equity Share Capital () 11.06  
Issue Price () 59.00  
Projects
Funding of working capital requirements of the company
Research & Development
Pursuing inorganic Growth
General Corporate Expenses
Promoted By
Jhumarmal Pannaram Tunwal
Amitkumar Pannaram Mali
Jhumarmal Pannaram Tunwal HUF
Listing At
NSE - SME
Registrar to the Issue