Sahaj Solar IPO vs Tunwal E-Motors IPO

Comparision between Sahaj Solar IPO and Tunwal E-Motors IPO.

IPO Details

Sahaj Solar IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Tunwal E-Motors IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Sahaj Solar IPO	Tunwal E-Motors IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Kunvarji Finstock Pvt Ltd	Horizon Management Private Limited
Registrar	Kfin Technologies Limited	Skyline Financial Services Private Ltd
Market Maker	Aftertrade Broking Pvt Ltd	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 Sahaj Solar IPO is up to ₹52.56 Cr whereas the issue size of the Tunwal E-Motors IPO is up to ₹115.64 Cr. The final issue price of Sahaj Solar IPO is ₹180.00 per share and of Tunwal E-Motors IPO is ₹59.00 per share.

	Sahaj Solar IPO	Tunwal E-Motors IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹171.00 per share
Issue Price (Upper)	₹180.00 per share
Issue Price (Final)	₹180.00 per share	₹59.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share
Market Lot Size	800 shares	2000 shares
Fresh Issue Size	29,20,000 shares	1,38,50,000 shares
Fresh Issue Size (Amount)	up to ₹52.56 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	29,20,000 shares	1,96,00,000 shares
Issue Size Total (Amount)	up to ₹52.56 Cr	up to ₹115.64 Cr

IPO Timetable

Sahaj Solar IPO opens on Jul 11, 2024, while Tunwal E-Motors IPO opens on Jul 15, 2024. The closing date of Sahaj Solar IPO and Tunwal E-Motors IPO is Jul 15, 2024, and Jul 18, 2024, respectively.

	Sahaj Solar IPO	Tunwal E-Motors IPO
Anchor Bid Date	Jul 10, 2024
Issue Open	Jul 11, 2024	Jul 15, 2024
Issue Close	Jul 15, 2024	Jul 18, 2024
Basis Of Allotment (Tentative)	Jul 16, 2024	Jul 19, 2024
Initiation of Refunds (Tentative)	Jul 18, 2024	Jul 22, 2024
Credit of Share (Tentative)	Jul 18, 2024	Jul 22, 2024
Listing date (Tentative)	Jul 19, 2024	Jul 23, 2024
Anchor Lockin End date 1	Aug 15, 2024
Anchor Lockin End date 2	Oct 14, 2024

Financials

Sahaj Solar IPO P/E ratio is 10.86, as compared to Tunwal E-Motors IPO P/E ratio of 20.71.

Sahaj Solar IPO

Tunwal E-Motors IPO

Financial

Sahaj Solar Limited Financial Information (Restated Consolidated)

Sahaj Solar Limited's revenue increased by 8.56% and profit after tax (PAT) rose by 106.25% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,936.40	9,081.50	6,103.22	3,463.94
Revenue	20,171.55	18,580.48	6,728.95	6,218.78
Profit After Tax	1,337.29	648.37	102.50	70.58
Net Worth	3,293.12	1,637.30	1,002.05	922.01
Reserves and Surplus	2,496.78	859.22	479.99	405.40
Total Borrowing	5,680.86	1,361.97	1,711.35	1,502.87
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)

97.09%

97.04%

Promoter Shareholding (Post-Issue)

71.28%

62.34%

P/E Ratio

10.86

20.71

Market Cap

₹197.75 Cr.

₹326.28 Cr.

ROE

39.96%%

57.53%%

ROCE

26.47%%

59.38%%

Debt/Equity

EPS

₹16.58

₹2.85

RoNW

39.96%%

57.53%%

Shares Offered

In the Sahaj Solar IPO retail investors (RII) are offered 9,62,400 shares while in Tunwal E-Motors IPO retail investors are offered 9,62,400 shares. Qualified institutional buyers (QIB) are offered 5,50,400 shares in Sahaj Solar IPO and 0 shares in Tunwal E-Motors IPO.

	Sahaj Solar IPO	Tunwal E-Motors IPO
Anchor Investor Reserveration	8,24,000 shares
Market Maker Reserveration	1,46,400 shares	9,80,000 shares
QIB	5,50,400 shares	0 shares
NII	4,12,800 shares	93,10,000 shares
RII	9,62,400 shares	93,10,000 shares
Employee	0 shares	0 shares
Others
Total	19,49,600 shares	1,86,20,000 shares

Bids Received (Subscription)

Sahaj Solar IPO subscribed 507.21x in total, whereas Tunwal E-Motors IPO subscribed 12.31x.

	Sahaj Solar IPO	Tunwal E-Motors IPO
QIB (times)	214.27x
NII (times)	862.35x	7.61x
Big NII (times)
Small NII (times)
RII (times)	535.03x	16.64x
Employee (times)
Other (times)
Total (times)	507.21x	12.31x

Compare with others

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

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