Tunwal E-Motors Ltd Back Registered Office: Rama Icon Commercial Building,# 501 S#24/2 CTS #2164 P.31/11 , Pune - 411030 , Maharashtra , India. Phone : +91-20-2433 6001   Fax: Email :  cs@tunwal.com   Website :  www.tunwal.com Initial public issue of up to 1,96,00,000 equity shares of face value of Rs2.00/- each of Tunwal E-Motors Limited for cash at a price of Rs59 per equity share (including a premium of Rs57 per equity share) ("Offer Price") aggregating up to Rs115.64 crores comprising of fresh offer of up to 1,38,50,000 equity shares aggregating to Rs81.72 crores ("Fresh Offer") and an offer for sale of up to 57,50,000 equity shares by Jhumarmal Pannaram Tunwal ("Selling Shareholders") aggregating to Rs33.93 crores ("Offer for Sale")("The Offer") and up to 9,80,000 equity shares aggregating to Rs5.78 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 Rs2/- each at an offer price of Rs59 per equity share aggregating to Rs109.86 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 Rs2/- each and the issue price is 29.50 times of the face value. Issue Money Payable On Opens On Closes On Application Allotment 15-Jul-24 18-Jul-24 Rs59.00-0.00 Rs0.00-0.00 Minimum Application for shares in Nos :2000  Further Multiples of :2000   Rs 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 Rs59.00

Projects

Funding of working capital requirements of the company	Pursuing inorganic Growth
Research & Development	General Corporate Expenses

Promoted By Jhumarmal Pannaram Tunwal Amitkumar Pannaram Mali Jhumarmal Pannaram Tunwal HUF

Listing At NSE - SME

Registrar to the Issue Skyline Financial Services Pvt