Tunwal E-Motors Limited IPO Message Board (Page 4)

Listing at 64 even after high demand in pre opening. Should we hold or sell?

Tunwel 😅 Tumhara listing dhek kar maza nahi aah yaah 😏 kya dhik haa rah tha or kya open hua 😏

Personally holding 1 lot 😅

It will be discount listing for sure , but will be rewarded as & when fundamental prevails.

no panic selling, it will give good unexpected gains.

​@Mas Yaha pe kuch bhi sure nahi hota bhai

Bought 2 lots in pre open and will add more for every dip...sector is fantastic, definitely this sector will get govt support amd perform good in long term..

Till 9.32AM no panic selling is seen. It means if it opens around 70, surely it will open in upper circuit. Well done all allottees who didn't panic and going to get value what they deserve. Hats off to all

Open and then upper circuit for sure..

Going for good listing, considering very high free float, mostly with retailers. Only 15% is offered till now by allottees for preopen sell.

Tunwal E-Motors Ltd NSE SME IPO.
NSE Code:-24523                        
Symbol:-TUNWAL
Group:-ST
ISIN:-INE0OXV01027      
Issue Price:-59/-
Market Lot:-2000 Shares
Face Value:-2/-
Listing At:-NSE SME

The upcoming Union Budget 2024 is likely to draw the roadmap to accelerate India’s electric vehicle ambitions, with the Narendra Modi government targetting 30 per cent of auto sales shares by 2030 to be that of electric variety.

From allocating a higher budget for EVs’ expansion to extending related subsidy schemes, the Modi government is expected to undertake several initiatives to see its EV goal through, as per experts.

India’s EV acceleration has been backed by the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) policy for electric two, three, and four-wheelers, which could receive a budgetary allocation of about Rs 10,000 crore, people familiar with the deliberations told ET.
Budget 3.0

The Ministry of Heavy Industry, which administers the scheme, has already sent a plan for vetting to the Prime Minister’s Office (PMO). A final call on the proposal, however, will be taken closer to the budget, keeping the fiscal situation in view, reported ET quoting its sources.

Read more: What Modi govt can do in Budget 2024 to fix India's skilling-led unemployment crisis

Industry players were expecting Finance Minister Nirmala Sitharaman to elaborate on the FAME-III policy come July 23, however, Union Minister HD Kumaraswamy recently said that policy formulation is in the last stages and might not find a mention during the Budget announcement.

The new coalition government is likely considering allocating a larger fund for faster adoption of EVs in the main budget in July 2024, ET recently reported citing people in the know.

Recently, the stakeholders of the EV Industry and the Ministry of Heavy Industries proposed the extension of the EV subsidy scheme with a focus on public electric
transportation and the expansion of charging stations.

Source:ET

For Value investor please find below image

Tomorrow Tunwal is going to debut on bourse. I am not looking for the listing gain but looking it for atleast 6 months. Once it declare the financial results, then decide it.

The cost of the Tunwal is less than Conventional Scooters like Bajaj, TVS scooty & hero honda. If it's available at reasonable rates in India, people will definitely attracts towards Tunwal.

It's EV & presently stock market loves this sector too much. Wardeizard is also in EV and currently loss making, even though it's trading above 100 + level.

In the past too I have seen same kind of experience as Tunwal in
Atmastco
Chatha foods
DCG
VI
Bharti Hexa.........

It doesn't mean that I am recommending it but just sharing my experience with the new young friends. Study well & decide it confidently.

I second the view shared by @abc xyz Sir.

Allotted people should give it time to nurture before squaring off. Not everything is a gem from day one, but it can be a potential one in the making.

Quite a higb probability that this one will test our patience and thats okay. Lets not worry about what will happen on the listing day.

If listed less than 10% premium is it worth grabbing?

​@Vikajay what price ?

I do not gave grey market reach in Bangalore and Chennai...
You have any references it will help...thanks

Company is importing 80 % EV parts from china and also claimed the subsidy for manufacturing EV from the parts produced in india. Thus there ia a litigation case of 81 crore against the company. The case pending in bombay high court.
Company clarified that increase in profit in FY24 is due to less price of parts from china for said FY.
Company dose not manufacture any EV in india, it only assmbles the imported parts. Any govt policy against the improting of EV part from china will make this company zero.
A Big Zero

That litigation is for the other group company and not for IPO company.

They are importing because there is no indigenous policy to support manufacturing. If import policy will be restricted, an alternative will be first set up to cater to the market participants as they cannot be left just in the middle.

Every EV player uses China to import some parts or other. Big players are having sufficient capacities to make parts on their own. Tunwal has also highlighted the same to do so going forward. Make in India will take time to flourish and fund infusion with govt support. @Red Vs Green

If the government stops imports from China, not just Tunwal but almost all auto companies including swadeshi Tata Motors and Bajai will be severely impacted.

Got my first SME allotment in retail 1/1. Not excited abt any profit but for allotment. 😜

Not allotted here as well. Pata nahi kab allot hoga 1st ipo.

Allotted 1 lot here..

LOKESH CHIRU SIR

Excellent analysis by you on this issue.
It is by far the best critical review Tunwal - E - Motors IPO
Great , compliment to you on your efforts and deep study
Regards

EV ki battery discharge ho gayi
Negative GMP after long time
Cautioning since Day 1

Got one lot and planning to hold...

Everything is goodin this company likd zero debt roce roe but gmp is none.