Tunwal E-Motors IPO Allotment Status Online

Tunwal E-Motors IPO Details

Tunwal E-Motors IPO Allotment Status Online: Tunwal E-Motors IPO is Open on 15 July, 2024 and Close on 18 July, 2024. Tunwal E-Motors IPO to Raise 19,600,000 shares (Approx ₹115.64 Cr) via IPO. The Fresh Issue of 13,850,000 shares (Approx ₹81.72 Cr) and The Offer For Sale is 5,750,000 shares of ₹2 (Approx ₹33.93 Cr).

  • The Retail Quota is 50%
  • QIB is -%
  • NII is 50%

Tunwal E-Motors IPO Basis of Allotment Status on 19 July, 2024. Tunwal E-Motors IPO Refund Date is 22 July 2024 and Tunwal E-Motors IPO Credit to Demat on 22 July 2024.

Also Read: Tunwal E-Motors IPO Details, GMP Price, Date, Review

Tunwal E-Motors IPO Allotment Link Online

About –

Tunwal E-Motors was originally incorporated as “Tunwal E-Motors Private Limited” on 21 December 2018.Tunwal E-Motors Ltd, an upcoming force in the electric vehicle manufacturing sector, stands at the forefront of India’s drive towards sustainable and eco-friendly mobility solutions. 

company has rapidly evolved to become a significant player in the market, specializing in the design, development, manufacturing, and distribution of high-quality electric two-wheelers.

Our Product Portfolio:

We have more than 23 different models which have been launched in the domestic market catering to the various needs and segments.

  • Mini Sports 63 – 48V
  • Mini Lithino
  • Storm Zx
  • Lithino Li
  • TZ
  • ROMA

We are present in 19 states through a network of more than 225 dealers.

With new age production facility strategically located in Palsana, Rajasthan, Tunwal E-Motors leverages efficient manufacturing/assembly processes to meet the burgeoning demand for electric scooters. Our company is registered under the Bureau of Indian Standards and SAE International, USA has confirmed World Manufacturer identifier (WMI) code for our company.

Committed to addressing the urgent need for electric mobility solutions in India, Tunwal E-Motors focuses on delivering user friendly, technologically advanced and affordable electric scooters. The company’s mission extends beyond product excellence, aiming to contribute to a cleaner and more sustainable future for the nation and also develop further electric based mobility solutions.

Tunwal E-Motors operates with a streamlined organizational hierarchy, featuring key departments that drive various facets of its operations. The Sales and Marketing Department takes center stage, steering the creation and implementation of effective distribution strategies and managing diverse sales channels. Simultaneously, the Accounts Department ensures financial stability through oversight of financial management, budgeting, auditing, and taxation.

The dealer development department within the sales department plays a crucial role in expanding the dealership network, fostering strong relationships, and providing essential support and training. Human Resources (HR) takes charge of recruitment, training, and organizational culture development, sustaining a talented and motivated workforce.

Our company is establishing a Research and Development Department which will be required for furture innovation and continuously enhancing existing EV products with technology.

The Service and Warranty Department completes the cycle, delivering a positive post-purchase experience through comprehensive after-sales service and support,including maintenance, repairs, and warranty claims. This well-coordinated structure positions Tunwal E-Motors for success in the dynamic electric vehicle landscape.

Tunwal E-Motors Ltd’s comprehensive business model and commitment to excellence position it as an emerging player in India’s electric vehicle landscape, poised for sustained growth and success.

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