Tunwal E-Motors Limited IPO Message Board (Page 11)

There must be some major red flag due to which there's no Anchor and QIB quota, even though the valuation looks attractive for this EV space company, I'm not applying due to bad experience in the past with the similar setup (Spectrum Talent).

That is for other related company not for Tunwal e motors, asa bda litigation hota NSE approval nhi deta...

​@IPO LEADER Yes, I stand corrected.. it's against their group company Tunwal E-Vehicle India Private Limited.

​@RJDB how much share tunwal motors holds in group company tunwal e vehicle?

​@RJDB Thanks for highlting this. Now its clear for me to Avoid this..

​@k l patel There is no direct shareholding between both the companies apart from common Shareholders/Directors.

Also, last 3 years Financial statements for all group companies (incl. Tunwal E-vehicle) is available on their website www.tunwal.com (under investor relations/group co FS)

Apparently, the Sales/business of Tunwal E-vehicle has Tunwal E-vehicle to Tunwal Motors (for IPO) considering this Customs litigation (FY19) of Rs. 81cr.

Happy to stand corrected!

​@GrayIsTheNewBlack One has to file separate IT return if taxable income in form 2 of income tax for HUF where you can show stcg and sb interest in other source and take benefit of additional 250000 in huf hand . I.e. no tax upto 250000 . This income is exclusively of huf and can't club in individual irrespective the amount given by coparcener of huf to HUF .Hope it clarify.

​@PLAZA Sir,
In my case, I don't have any business. So, whatever money is used in HUF for bHNI application source is my salary only.
By law I cannot gift more than 2.5 lakhs annualy to HUF.
Hence, the question.

Seperate return is anyways beneficial for me as the tax outgo would be far less than the case of income clubbing to my income.
Just that, I'm not sure how to show the source of income for HUF in case of scrutiny.

​@GrayIsTheNewBlack There is no such law as far I knew . But more precisely any member of huf can give interest free loan to huf or make corpus by giving amount . Business income is not necessary for huf . Huf can generate income from other sources like interest stcg rent except salary or professional income etc and create capital.

​@GrayIsTheNewBlack 1. You can accept any amount as a gift from non-members and members. There is no limit. However, all gifted income above 50K will be taxable as per the tax slab in the hand of HUF (income from other sources).
2. The best option is to take a zero-interest loan from either of the HUF co-pars or karta. Try not to do too many transactions ie. keep the loan amount for a moderate period say 1-2 years. There is no clubbing provision in the case of a loan.
3. Maintain a track (excel etc.) of the money you are transferring to and from HUF (in case of some reconciliation).
4. You have to file ITR for your HUF mandatorily.

Thank you @IPOFreak and @PLAZA Sir for clarification.

1. The speed limit for e-scooters can vary depending on local regulations and jurisdictions. In many places, the speed limit for e-scooters is capped at around 15 to 20 miles per hour (24 to 32 kilometers per hour). Some cities may have lower speed limits for e-scooters to ensure safety, especially in areas with heavy pedestrian traffic or narrow pathways.
2. In many places, e-scooters do not require a special license to operate. They are often treated similarly to bicycles in terms of licensing requirements.

In India there is huge market for low quality products. Here Hawkins/prestige bhi bikta hai aur ek local brand cooker bhi. Apple bhi hai aur MI/REALME bhi. Sony bhi hai aur BPL bhi.
OLA/ATHER/I QUBE hai aur JOY/TUNWAL/UJAAS bhi.

Electronics is my expertise and held some eBIKES 10-12 years back
Other than big brands like tvs,bajaj,hero and ola ,all second and third categories companies like tunwal,joy etc etc are importing raw materials like battery, motors controller and smaller parts from CHINA , some of them are importing whole bike and assemble here .
Only thing is dealers network and services.
These low quality bikes are not so efficient in raining and rural road conditions.
But somehow i found tunwal bikes are seen in urban as well as rural areas in my district and where I visited in Gujarat state.
It makes me feel apply in IPO that they have something extra.
Add to that,tunwal bikes are low speed and low average backups so doesn't need RTO registeration and licence to ride and very cost effective
in a way very popular in teenagers and ladies.
Applied here
Not an advice just thoughts

​@harit Thanks for details. Seems It can be applied for some listing gain, but listing loss can not be ruled out as size is big with no QIB/Anchor. I think holding for long term may be risky.

What do you mean by applying in full force?

According to me, HNI category will not subscribe above 6,400 Cr. (i.e. Sahaj funds availability) which will be maximum ~120x (HNI).
You may either go for 2 apps of the same lot size (i.e odd lots of 36x2/ 37x2/ 38x2/ 39x2) or 1 app of 72/73/74/77/78/79 and 1 retail.
This should give you maximum chances of allotment.

Hope you've done your analysis considering no Anchor, LM past performance and the issue size.

two applications of 50 and 30 or two of 40 each is advisable.

​@Smitbhai Did you apply 80 lots?

Dream....

Nah skipped

Only applied 2 lots

​@ARB Are you still in use of Equitas Bank account, any prospects of linked fd in it?

​@GrayIsTheNewBlack Any updates on GMP?

​@Diligent IPO Learner 
Bhai, the GMP I'm getting from the broker is very different from what is shown on CG page.
CG page is showing 30 Rs but I'm not getting any quotes above 10/11 for buying.

😆😆 1000 cr SME IPO will also be subscribed in 5 mins, just need to have a running GMP@GrayIsTheNewBlack

​@GrayIsTheNewBlack thank you :)

@rohiitian the only big problem in Tunwal is NO anchor/QIB for this big a size. Bet that most of the retail as well as HNI apply only for listing gains (approx 80%). Hence expecting severe selling pressure on listing from allottees if demand (from ultra HNI's) is not there.

The issue is in itself a red flag without QIB and achors. Had there been QIB and anchors, atleast to some extent the intent of institutions would have been known. In the absence of them, with this big a size, not easy to manipulate like other small sized issues.

That unverified 5 lakh minimum bid rumour is also adding fuel to fire as people are thinking there can be changes any time, plus Tunwal is bigger in size, so capitalise on current IPOs. @GrayIsTheNewBlack @rohiitian

​@MuStrFc 
I guess that was just an editorial piece, no real evidence available that SEBI actually is pondering on this.
The misinformation was spread by Chacha (if you know him) and given the following he has it has spread rather quickly in the IPO circles.