Three M Paper Boards IPO vs Tunwal E-Motors IPO

Comparision between Three M Paper Boards IPO and Tunwal E-Motors IPO.

IPO Details

Three M Paper Boards 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.

	Three M Paper Boards 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	Comfort Securities Limited	Horizon Management Private Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Comfort Securities 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 Three M Paper Boards IPO is up to ₹39.83 Cr whereas the issue size of the Tunwal E-Motors IPO is up to ₹115.64 Cr. The final issue price of Three M Paper Boards IPO is ₹69.00 per share and of Tunwal E-Motors IPO is ₹59.00 per share.

	Three M Paper Boards IPO	Tunwal E-Motors IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹67.00 per share
Issue Price (Upper)	₹69.00 per share
Issue Price (Final)	₹69.00 per share	₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	57,72,000 shares	1,38,50,000 shares
Fresh Issue Size (Amount)	up to ₹39.83 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	57,72,000 shares	1,96,00,000 shares
Issue Size Total (Amount)	up to ₹39.83 Cr	up to ₹115.64 Cr

IPO Timetable

Three M Paper Boards IPO opens on Jul 12, 2024, while Tunwal E-Motors IPO opens on Jul 15, 2024. The closing date of Three M Paper Boards IPO and Tunwal E-Motors IPO is Jul 16, 2024, and Jul 18, 2024, respectively.

	Three M Paper Boards 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

Three M Paper Boards IPO P/E ratio is 8.19, as compared to Tunwal E-Motors IPO P/E ratio of 20.71.

Three M Paper Boards IPO

Tunwal E-Motors IPO

Financial

Three M Paper Boards Limited Financial Information (Restated Consolidated)

Three M Paper Boards Limited's revenue decreased by -16.3% and profit after tax (PAT) rose by 71.53% 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	19,519.88	18,942.55	18,150.44	14,225.50
Revenue	27,601.56	32,974.92	31,600.49	16,552.14
Profit After Tax	1,134.72	661.53	327.56	172.63
Net Worth	6,110.39	4,725.67	4,064.14	3,736.58
Reserves and Surplus	4,763.85	4,070.65	3,409.12	3,081.56
Total Borrowing	7,264.08	8,182.40	7,802.06	5,353.41
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)

100.00%

97.04%

Promoter Shareholding (Post-Issue)

70.00%

62.34%

P/E Ratio

8.19

20.71

Market Cap

₹132.74 Cr.

₹326.28 Cr.

ROE

18.57%%

57.53%%

ROCE

19.71%%

59.38%%

Debt/Equity

1.19

EPS

₹8.43

₹2.85

RoNW

18.51%%

57.53%%

Shares Offered

In the Three M Paper Boards IPO retail investors (RII) are offered 19,20,000 shares while in Tunwal E-Motors IPO retail investors are offered 19,20,000 shares. Qualified institutional buyers (QIB) are offered 10,96,000 shares in Three M Paper Boards IPO and 0 shares in Tunwal E-Motors IPO.

	Three M Paper Boards IPO	Tunwal E-Motors IPO
Anchor Investor Reserveration	16,42,000 shares
Market Maker Reserveration	2,90,000 shares	9,80,000 shares
QIB	10,96,000 shares	0 shares
NII	8,24,000 shares	93,10,000 shares
RII	19,20,000 shares	93,10,000 shares
Employee	0 shares	0 shares
Others
Total	38,40,000 shares	1,86,20,000 shares

Bids Received (Subscription)

Three M Paper Boards IPO subscribed 171.33x in total, whereas Tunwal E-Motors IPO subscribed 12.31x.

	Three M Paper Boards IPO	Tunwal E-Motors IPO
QIB (times)	79.37x
NII (times)	284.67x	7.61x
Big NII (times)
Small NII (times)
RII (times)	175.19x	16.64x
Employee (times)
Other (times)
Total (times)	171.33x	12.31x

Compare with others

Three M Paper Boards IPO	Tunwal E-Motors IPO
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SAR Televenture FPO	Kataria Industries IPO
Tunwal E-Motors IPO	SAR Televenture FPO
Prizor Viztech IPO	Three M Paper Boards IPO
Sati Poly Plast IPO	Prizor Viztech IPO
Sahaj Solar IPO	Sati Poly Plast IPO
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