| Initial public issue of up to 1,96,00,000 equity shares of face value of
Rs. 2.00/- each of Tunwal E-Motors Limited for cash at a price of Rs. 59 per equity share (including a premium of Rs. 57 per equity share) ("Offer Price") aggregating up to Rs. 115.64 crores comprising of fresh offer of up to 1,38,50,000 equity shares aggregating to Rs. 81.72 crores ("Fresh Offer") and an offer for sale of up to 57,50,000 equity shares by Jhumarmal Pannaram Tunwal ("Selling Shareholders") aggregating to Rs. 33.93 crores ("Offer for Sale")("The Offer") and up to 9,80,000 equity shares aggregating to
Rs. 5.78 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of up to 1,86,20,000 equity shares of face value of
Rs. 2/- each at an offer price of Rs. 59 per equity share aggregating to
Rs. 109.86 crores ("Net Offer"). The issue and the net issue will constitute 35.44% and 33.67% of the post-issue paid-up equity share capital of the company.
The face value of the equity shares is Rs. 2/- each and the issue price is 29.50 times of the face value.
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