Tunwal E-Motors IPO allotment date: The share allotment for Tunwal E-Motors IPO will be finalized today (Friday, July 19). Investors who applied can check their allotment status on the website of the registrar, Skyline Financial Services Private Ltd.
Investors can see how many shares they have been allocated and those who did not receive shares will start getting refunds from Monday, July 22. The shares will be credited to the demat accounts of successful applicants on the same day.
The listing date for Tunwal E-Motors IPO is set for Tuesday, July 23.
How to check Tunwal E-Motors IPO allotment status:
- Visit the Registrar’s Website: Go to Skyline Financial Services Private Ltd’s IPO page at https://www.skylinerta.com/ipo.php.
- Select IPO: Choose Tunwal E-Motors IPO from the drop-down menu. The option will appear after the allocation process is complete.
- Enter Details:
- PAN: Enter your 10-digit alphanumeric PAN.
- Application Number or CAF Number: Input your application or CAF number.
- Beneficiary ID: Enter the beneficiary ID linked to your demat account, combining your client ID and depository participant (DP) ID.
- Submit and View Status: Click “Submit” to see the number of shares allotted and the IPO status.
Tunwal E-Motors IPO Subscription Status
The IPO was subscribed 12.31 times on day 3. The retail portion was subscribed 16.64 times, and the NII portion 7.61 times. The company received bids for 22,92,36,000 shares against 1,86,20,000 shares on offer, according to data on chittorgarh.com. On day 1, the IPO subscription status was 2.00 times, and it increased to 3.18 times on the second day of bidding.
Tunwal E-Motors IPO GMP Today
Tunwal E-Motors IPO GMP (Grey Market Premium) is +5. This means the shares were trading at a ₹5 premium in the grey market, according to investorgain.com. With the upper end of the IPO price band and the current GMP, the estimated listing price is ₹64 per share, 8.47% higher than the IPO price of ₹59.
The GMP today is lower and might decline further based on the grey market activity over the past 10 sessions. Analysts from investorgain.com noted that the GMP ranged from a low of ₹5 to a high of ₹25.
The ‘grey market premium’ reflects investors’ willingness to pay more than the issue price.
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