Aelea Commodities IPO vs Tunwal E-Motors IPO

Comparision between Aelea Commodities IPO and Tunwal E-Motors IPO.

IPO Details

Aelea Commodities IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Tunwal E-Motors IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Aelea Commodities IPO	Tunwal E-Motors IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Ekadrisht Capital Private Limited	Horizon Management Private Limited
Registrar	Maashitla Securities Private Limited	Skyline Financial Services Private Ltd
Market Maker	Ss Corporate Securities Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aelea Commodities IPO is up to ₹51.00 Cr whereas the issue size of the Tunwal E-Motors IPO is up to ₹115.64 Cr. The final issue price of Aelea Commodities IPO is ₹95.00 per share and of Tunwal E-Motors IPO is ₹59.00 per share.

	Aelea Commodities IPO	Tunwal E-Motors IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹91.00 per share
Issue Price (Upper)	₹95.00 per share
Issue Price (Final)	₹95.00 per share	₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	53,68,800 shares	1,38,50,000 shares
Fresh Issue Size (Amount)	up to ₹51.00 Cr	up to ₹81.72 Cr
OFS Issue Size		57,50,000 shares
OFS Issue Size (Amount)		up to ₹33.93 Cr
Issue Size Total	53,68,800 shares	1,96,00,000 shares
Issue Size Total (Amount)	up to ₹51.00 Cr	up to ₹115.64 Cr

IPO Timetable

Aelea Commodities IPO opens on Jul 12, 2024, while Tunwal E-Motors IPO opens on Jul 15, 2024. The closing date of Aelea Commodities IPO and Tunwal E-Motors IPO is Jul 16, 2024, and Jul 18, 2024, respectively.

	Aelea Commodities IPO	Tunwal E-Motors IPO
Anchor Bid Date	Jul 11, 2024
Issue Open	Jul 12, 2024	Jul 15, 2024
Issue Close	Jul 16, 2024	Jul 18, 2024
Basis Of Allotment (Tentative)	Jul 18, 2024	Jul 19, 2024
Initiation of Refunds (Tentative)	Jul 19, 2024	Jul 22, 2024
Credit of Share (Tentative)	Jul 19, 2024	Jul 22, 2024
Listing date (Tentative)	Jul 22, 2024	Jul 23, 2024
Anchor Lockin End date 1	Aug 17, 2024
Anchor Lockin End date 2	Oct 16, 2024

Financials

Aelea Commodities IPO P/E ratio is 11.62, as compared to Tunwal E-Motors IPO P/E ratio of 20.71.

Aelea Commodities IPO

Tunwal E-Motors IPO

Financial

Aelea Commodities Limited Financial Information (Restated Consolidated)

Aelea Commodities Limited's revenue increased by 31.2% and profit after tax (PAT) rose by 539.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 May 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	11,641.28	10,653.47	9,876.85	7,028.03	5,041.15
Revenue	2,758.47	14,450.77	11,014.44	10,550.85	47,595.26
Profit After Tax	280.36	1,222.32	191.22	1,063.11	1,108.51
Net Worth	4,875.32	4,592.89	3,383.00	3,060.89	1,940.51
Reserves and Surplus	3,375.32	3,092.89	3,351.00	3,029.53	1,932.69
Total Borrowing	4,120.36	4,077.32	3,327.40	2,130.76	1,096.14
Amount in ₹ Lakhs

Tunwal E-Motors Limited Financial Information (Restated)

Tunwal E-Motors Limited's revenue increased by 37.85% and profit after tax (PAT) rose by 217.11% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,582.97	5,694.49	5,037.44
Revenue	10,553.69	7,655.74	7,566.42
Profit After Tax	1,181.17	372.48	233.94
Net Worth	2,053.08	821.91	424.43
Reserves and Surplus	1,224.06	409.40	321.55
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.45%

97.04%

Promoter Shareholding (Post-Issue)

63.66%

62.34%

P/E Ratio

11.62

20.71

Market Cap

₹193.03 Cr.

₹326.28 Cr.

ROE

5.92%%

57.53%%

ROCE

5.72%%

59.38%%

Debt/Equity

0.85

EPS

₹8.18

₹2.85

RoNW

5.75%%

57.53%%

Shares Offered

In the Aelea Commodities IPO retail investors (RII) are offered 17,85,600 shares while in Tunwal E-Motors IPO retail investors are offered 17,85,600 shares. Qualified institutional buyers (QIB) are offered 10,20,000 shares in Aelea Commodities IPO and 0 shares in Tunwal E-Motors IPO.

	Aelea Commodities IPO	Tunwal E-Motors IPO
Anchor Investor Reserveration	15,28,800 shares
Market Maker Reserveration	2,68,800 shares	9,80,000 shares
QIB	10,20,000 shares	0 shares
NII	7,65,600 shares	93,10,000 shares
RII	17,85,600 shares	93,10,000 shares
Employee	0 shares	0 shares
Others
Total	35,71,200 shares	1,86,20,000 shares

Bids Received (Subscription)

Aelea Commodities IPO subscribed 195.83x in total, whereas Tunwal E-Motors IPO subscribed 12.31x.

	Aelea Commodities IPO	Tunwal E-Motors IPO
QIB (times)	104.22x
NII (times)	389.87x	7.61x
Big NII (times)
Small NII (times)
RII (times)	164.95x	16.64x
Employee (times)
Other (times)
Total (times)	195.83x	12.31x

Compare with others

Aelea Commodities IPO	Tunwal E-Motors IPO
Tunwal E-Motors IPO	V.L.Infraprojects IPO
Three M Paper Boards IPO	RNFI Services IPO
Prizor Viztech IPO	Macobs Technologies IPO
Sati Poly Plast IPO	Kataria Industries IPO
Sahaj Solar IPO	SAR Televenture FPO
Ganesh Green Bharat IPO	Three M Paper Boards IPO
Effwa Infra and Research IPO	Prizor Viztech IPO
Ambey Laboratories IPO	Sati Poly Plast IPO
Nephro Care India IPO	Sahaj Solar IPO
Diensten Tech IPO	Aelea Commodities IPO

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