Tunwal E-Motors Limited IPO
Tunwal E-Motors Limited was a SME IPO in the 2/3 Wheelers sector, offered at ₹59–₹59 per share to raise ₹116 crore. It listed on 23 Jul 2024 at ₹64 and closed its first day at ₹61, a listing gain of +3.0% versus the ₹59 issue price. It now trades around ₹23 (-61.3% versus the issue price).
Frequently asked questions
- What were the Tunwal E-Motors Limited IPO listing gains?
- Tunwal E-Motors Limited listed on 23 Jul 2024 at ₹64, closing its first day at ₹61 — a listing gain of +3.0% versus the ₹59 issue price.
- What was the price band and lot size of the Tunwal E-Motors Limited IPO?
- The price band was ₹59–₹59 per share, with a minimum lot of 2,000 shares (₹1,18,000 at the upper band).
- Who were the registrar and lead manager for the Tunwal E-Motors Limited IPO?
- Skyline Financial Services Private Limited was the registrar, and Horizon Management was the book-running lead manager.