Tunwal E-Motors Limited IPO

Incorporated in December 2018, Tunwal E-Motors Limited is an electric vehicle (EV) manufacturing company specializing in high-quality electric two-wheelers. With over 23 different models, the company caters to various market needs. Tunwal E-Motors has established a strong presence in 19 states through a network of around 256 dealers, ensuring comprehensive after-sales services like routine maintenance, battery management, diagnostics, safety checks, and component replacement.

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Tunwal E-Motors aims to utilize the net proceeds from its IPO for several key objectives. These include funding the company's working capital requirements, investing in research and development, pursuing inorganic growth opportunities, and covering general corporate expenses. Read more

How do I apply for the Tunwal E-Motors IPO?

You can apply for the Tunwal E-Motors IPO using any supported UPI app by following two steps:

• Enter your bid on rocket
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.