Tunwal E-Motors Limited IPO Message Board (Page 10)

The MMs / LMs are already compensated via fees to keep this afloat. Now, whether or not the promoters want something in return other than the OFS portion is to be seen. A slight hint may prove positive

I'll be in wait & watch mode till budget. Booked majority of holdings as well. Will rebuild portfolio & may consider IPOs after a few listings. Regular Index based F&O transactions will be there but volume 'll be very less with high R:R:R.

Alert 🚨🚨🚨

Current GMP 5 (8.47%)

Ola planning for 6800cr ipo with price band around 150 in August
(Fwd. Msg. Don't confirm)
But if ola coming in August than something good about ebikes in July budget,i guess

Sub figs moving at snail's pace. A calm before the storm?? Or no storm at all.

​@Old.Fox Storm praful??🤔

Possibly, yes 😜. Are you going to apply retail here? I'll be applying a small sized HNI.

Hi @rohiitian what's your view on this sme

Have shared my view on a different platform. Currently on the road so not able to copy paste here @Mr pkn 

Overall i like this biz but it looks a high risk bet - will be applying few retail here, with hope to get 1 lot

Beyond that is high even for my risk tolerance 😆

​@rohiitian Sir view

Tunwal EMotors - Ola or Adios?

1. EV 2W assembler, aimed at rural & urban outskirts. Low cost (top selling model is Rs. 45k). Reviews on avg are good.
2. Short range, max 25 kph, aimed at youth. No registration needed. Can't compete with Ola / Ather so picked a good niche

3. O&M component - low quality with servicing so high stickiness. Dealers happy, Tunwal happy.
4. Huge raise (115 cr, 33 cr OFS). No QIB, Anchors...
5. Good financials (105 cr rev, up 40%, 11.5% PAT, +ve OpCF).
6. 55% cap. utilization, guiding 35% YoY growth with PAT +/- 2%

7. 82 cr GST claim against group co (NOT IPO entity)
8. No R&D or battery tech in-house
9. Dhandha-first, street-smart promoter, but not EV visionary
10. 27 PE cheap given sunrise sector? Wardwizard at 100 PE but that biz is doubtful.

Will apply few Retail. High risk IPO, DYDD

Let the circus continue. One by one all the monkeys will leave the circus and, in the end, hopefully we will still be standing there,” Bajaj to ET. 😊

Dear @PLAZA , Please update the same at 2:30PM as well as I am not able find these details.

​@Jey Nayak 

Refer below link for subs details,
As of now QIB only 1 application with 2 lots

https://www.nseindia.com/market-data/issue-information?symbol=TUNWAL&series=SME&type=Active

🙏

Applied Lets See

Those who are applying...react here

hi, Gurru;s and mentors pl can any ane help me with application wise subriction for Tunwaal E-motors, hni catogary

Applied three applications of 5 lots each... Hope for positive listing... Thanks

Very sure that retail subscription will fall from here due to cancellations of bids

Hi @Diligent IPO Learner ,

Are you applying here?

​@Pangaj Don't be like me I am not a qualified person to take views from sir.

If subscription numbers are encouraging, may apply few retail lots.

The problem here is not the size but the absence of support in the form of QIB and anchors.

On listing day if buyers don't come, this issue is doomed. Because 80% of allottees would be wishing to sell their lots and in absence of big buying force, stream of LC's may occur.

If someone has the appetite to take a loss of 20% on listing (pre-open) go with it or else avoid.

Well everything in this review is not at all related to company and just related to other external characteristics which may affect the listing
Hence fundamental analysts may have different views. My view is only for listing.

Applied 5 Retail & 1 HNI 🤞

I think we should apply in this IPO as one of the market maker GIRIRAJ STOCK BROKING Has good performance in listing except his first IPO.
First IPO list in discount and after that all the IPO listed with a good premium.

QIB हो तो लोगो को दिक्कत लोग कहते है के QIB PORTION घटा कर रिटेल में दे देना चाहिए QIB ना हो तो बोल रहे है QIB क्यों नहीं है..

QIB BE LIKE :- हम करे तो करे क्या बोले तो बोले क्या..

आशिकी का गाना यहां फिट बैठता है :- "हां इक QIB चाहिए कॉन्फिडेंटली अप्लाई करने के लिए ..😆

duniya aisa keh rahi hai ki QIB ko 10% quota dedo, taki pata chale ki qib interested hai ki nahi

How many lots to apply to get guarantee allotment?

Afraid of the LM, in March 24, M.V.K. Agro listed at a discount of 30%. Similar times of subscription and GMP. Same recommendation from DD Sir " May apply"

Since these scooters don't have to be registered through Vahan, does that imply that they don't require a drivers license to be driven ?

If so, I can see some potential in teenagers buying this to run errands.

Though given the top speed of 25 km/hr, there's definitely more potential to drive revenue in rural India and potentially export to developing nations in Africa and South East Asia. Perhaps some of our members from small towns can chime in ...

Ideally, I would want the company to move towards manufacturing high speed scooters in the long run and move their raw material sourcing to India for no other reasons other than I'm a patriot lol.

Seems like a good bet for now - think this is a good IPO to apply for given the low interest right now, though I would have prefereed that it IPO'd around a Rs 250 crore market cap, The OFS also seems strangely large, possibly to settle some of the personal litigations cited in the RFP.

Best of luck boys!

There is more to it than just comapring to Ola on Market Cap basis :

Tunwal has targeted lower end segment for their products. Made of imported material primarily.

Generally thiss means their product wear and tear soon so that company is able to sell more spares and parts to customer, has to maintain a higher inventory to execute something like this in essence to make the consumer sticky.

Minds of some people can be deceived by this so that they appear to get benefitted from this but eventually things will catch up and Tunwal will have to scale up in terms of quality

That's where they face real competition, have to spend personally on adverts and not leverage adverts of other players, so as to maintain or gain market share.

The more this gets advertised that no govt fees is needed for sub 30 KM/H vehicles, the more attention it attracts and sooner or later you see it being regulated.

Awaiting inputs from others.

Best of luck dear... Hope after budget rally will move akiko above 150.. 😘

​@Sumya If you have read about their recent concall, the projections given for forward growth are good. No longer the tele sales call biz. is on the front. SME Loan financing / Vehicle loan is their priority.

Allegations and litigations prevalent earlier are also out of the picture currently. Due to switchover to new biz segment, the revenues are not rising enough hence their practice of cutting down staff force to compensate for the same

As and when revenue picks up, as they are looking to convert their sales call office into branch office. More revenues in form of branch office, more people get hired later on.

You can view these pointers before making a decision.

​@GrayIsTheNewBlack @rohiitian @MuStrFc @PLAZA  Kindly provide your view on quota as retail and hni is equal so what should be done in these kind of issues for ppl with 2,3,4 lots money one should opt for retail or HNI.
Note as all major money is blocked in yesterdays issue

​@PLAZA  As at 03.12 pm, “Others” subscribed 6.28 times out of which QIB contributes 0.375 times only. No interest from QIB. Just 3 applications from FII and 5 applications from others under QIB. Skipping this IPO.

Me too avoiding sir.txs