Tunwal E-Motors Limited

About the company

## **About Tunwal E-Motors Limited** Incorporated in December 2018, Tunwal E-Motors Ltd is an emerging force in the electric vehicle (EV) manufacturing sector, leading India's push towards sustainable and eco-friendly mobility solutions. The company has quickly established itself as a significant player in the market, specializing in the design, development, manufacturing, and distribution of high-quality electric two-wheelers. Tunwal E-Motors boasts a state-of-the-art production facility in Palsana, Rajasthan, enabling efficient manufacturing and assembly processes to meet the growing demand for electric scooters. Tunwal E-Motors is registered under the Bureau of Indian Standards and holds the World Manufacturer Identifier (WMI) code confirmed by SAE International, USA. This compliance underscores the company's commitment to quality and standards in electric mobility solutions. The company is dedicated to addressing the urgent need for electric mobility solutions in India. The company's mission is to deliver user-friendly, technologically advanced, and affordable electric scooters, contributing to a cleaner and more sustainable future for the nation. Beyond product excellence, they aims to develop further electric-based mobility solutions. Tunwal E-Motors operates with a streamlined organizational hierarchy, featuring key departments driving various facets of its operations: - Sales and Marketing Department: This department steers the creation and implementation of effective distribution strategies and manages diverse sales channels. - Accounts Department: Ensuring financial stability through oversight of financial management, budgeting, auditing, and taxation. - Dealer Development Department: Playing a crucial role in expanding the dealership network, fostering strong relationships, and providing essential support and training. - Research and Development Department: Focused on future innovation and continuously enhancing existing EV products with cutting-edge technology. - Service and Warranty Department: Delivering a positive post-purchase experience through comprehensive after-sales service and support, including maintenance, repairs, and warranty claims. 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. The company's dedication to innovation and sustainability ensures its continued impact on the future of electric mobility in India. As Tunwal E-Motors Ltd prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives: 1. Funding of working capital requirements of the Company  1. Research & Development  1. Pursuing Inorganic Growth  1. General Corporate Expenses

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   15 Jul 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   18 Jul 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   17 Jul 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   22 Jul 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   19 Jul 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   23 Jul 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.