Tunwal E-Motors, a company that makes electric vehicles, is offering its shares to the public for the first time. This is known as an Initial Public Offering (IPO). The IPO started today, July 15, and will end on July 18.
Tunwal E-Motors wants to use the money raised from the IPO to grow its business. They plan to make more electric vehicles and sell them in more places.
The company aims to collect around 115 crore rupees through the IPO. This money will help grow the company’s activities.
Each share of Tunwal E-Motors is priced at 59 rupees.
You can buy a minimum of 2000 shares in one go. This is called a lot.
You can buy the shares from your bank or stockbroker. They will help you with the process.
The shares are expected to start trading on the stock market on July 23.
Is it a good investment?
Deciding if an IPO is a good investment depends on many factors. It’s important to do your own research or talk to a financial advisor before investing.
Important Dates:
- IPO opens: July 15, 2024
- IPO closes: July 18, 2024
- Allotment of shares: July 19, 2024
- Expected listing date: July 23, 2024
Remember: Investing in the stock market comes with risks. Shares can increase or decrease in value. It’s important to invest money that you can manage even if it decreases.