Fundraise / allotmentFiled on NSE ·

Tunwal E-Motors Limited reports utilisation of ₹81.65 crore IPO proceeds till Sept 2026

Tunwal E-Motors

Arthneeti Research DeskPublished 1 min read
₹81.7 CrFundraise / allotment

Key highlights

  • IPO of 1.385 crore equity shares at ₹59 each raised ₹81.72 crore including expenses, listed on NSE Emerge July 23, 2024
  • As of September 30, 2026, ₹80.66 crore utilised mainly for working capital, inorganic growth, general corporate expenses, fresh issue expenses; ₹1.06 crore unutilised, in fixed deposits with IDFC First Bank
  • No deviation in fund use reported; utilisation certificate issued by H L Saini & Co. Chartered Accountants dated November 14, 2026

Original filing

Updates

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.