The share price of Tunwal E-Motors debuted positively on NSE SME today. The opening price of the Tunwal E-Motors share today was ₹64, 8.5% more than the ₹59 issue price.
The Tunwal E-Motors IPO subscription period opened on Monday, July 15, and ended Thursday, July 18. Tunwal E-Motors’ IPO had a face value of ₹2 per share and was priced at ₹59. A minimum of 2000 shares, as well as multiples of them, were up for bids. The final bidding date for Tunwal E-Motors’ IPO subscription status was 12.31 times.
As an emerging company in the electric vehicle (EV) 2-wheeler sector, it is dedicated to promoting innovation in the EV two-wheeler production process. Over the years, the firm has increased its presence to 19 states, over 225 dealers nationwide, over 23 models (including seven two-wheeler variants), and achieved a 346% compound annual sales growth rate.
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