Tunwal E-Motors IPO vs VVIP Infratech IPO

Comparision between Tunwal E-Motors IPO and VVIP Infratech IPO.

IPO Details

Tunwal E-Motors IPO is a SME Book Built Issue IPO proposed to list at NSE SME while VVIP Infratech IPO is a SME Book Built Issue proposed to list at BSE SME.

	Tunwal E-Motors IPO	VVIP Infratech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Horizon Management Private Limited	Share India Capital Services Private Limited
Registrar	Skyline Financial Services Private Ltd	Maashitla Securities Private Limited
Market Maker	Nikunj Stock Brokers Limited	Share India Securities 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 Tunwal E-Motors IPO is up to ₹115.64 Cr whereas the issue size of the VVIP Infratech IPO is up to ₹61.21 Cr. The final issue price of Tunwal E-Motors IPO is ₹59.00 per share and of VVIP Infratech IPO is ₹93.00 per share.

	Tunwal E-Motors IPO	VVIP Infratech IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)		₹91.00 per share
Issue Price (Upper)		₹93.00 per share
Issue Price (Final)	₹59.00 per share	₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	1,38,50,000 shares	65,82,000 shares
Fresh Issue Size (Amount)	up to ₹81.72 Cr	up to ₹61.21 Cr
OFS Issue Size	57,50,000 shares
OFS Issue Size (Amount)	up to ₹33.93 Cr
Issue Size Total	1,96,00,000 shares	65,82,000 shares
Issue Size Total (Amount)	up to ₹115.64 Cr	up to ₹61.21 Cr

IPO Timetable

Tunwal E-Motors IPO opens on Jul 15, 2024, while VVIP Infratech IPO opens on Jul 23, 2024. The closing date of Tunwal E-Motors IPO and VVIP Infratech IPO is Jul 18, 2024, and Jul 25, 2024, respectively.

	Tunwal E-Motors IPO	VVIP Infratech IPO
Anchor Bid Date		Jul 22, 2024
Issue Open	Jul 15, 2024	Jul 23, 2024
Issue Close	Jul 18, 2024	Jul 25, 2024
Basis Of Allotment (Tentative)	Jul 19, 2024	Jul 26, 2024
Initiation of Refunds (Tentative)	Jul 22, 2024	Jul 29, 2024
Credit of Share (Tentative)	Jul 22, 2024	Jul 29, 2024
Listing date (Tentative)	Jul 23, 2024	Jul 30, 2024
Anchor Lockin End date 1		Aug 25, 2024
Anchor Lockin End date 2		Oct 24, 2024

Financials

Tunwal E-Motors IPO P/E ratio is 20.71, as compared to VVIP Infratech IPO P/E ratio of 8.26.

Tunwal E-Motors IPO

VVIP Infratech IPO

Financial

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

VVIP Infratech Limited Financial Information (Restated Consolidated)

VVIP Infratech Limited's revenue increased by 35.77% and profit after tax (PAT) rose by 52.56% 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	26,319.67	24,158.58	26,624.58
Revenue	28,588.31	21,056.28	18,526.04
Profit After Tax	2,071.23	1,357.66	452.96
Net Worth	11,061.17	8,639.66	6,803.50
Reserves and Surplus	9,222.40	8,579.13	6,742.97
Total Borrowing	4,431.98	3,598.39	6,679.88
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.04%

92.34%

Promoter Shareholding (Post-Issue)

62.34%

P/E Ratio

20.71

8.26

Market Cap

₹326.28 Cr.

₹232.22 Cr.

ROE

57.53%%

21.36%%

ROCE

59.38%%

19.00%%

Debt/Equity

0.4

EPS

₹2.85

₹11.26

RoNW

57.53%%

18.73%%

Shares Offered

In the Tunwal E-Motors IPO retail investors (RII) are offered 93,10,000 shares while in VVIP Infratech IPO retail investors are offered 93,10,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Tunwal E-Motors IPO and 12,48,000 shares in VVIP Infratech IPO.

	Tunwal E-Motors IPO	VVIP Infratech IPO
Anchor Investor Reserveration		18,72,000 shares
Market Maker Reserveration	9,80,000 shares	3,38,400 shares
QIB	0 shares	12,48,000 shares
NII	93,10,000 shares	9,37,200 shares
RII	93,10,000 shares	21,86,400 shares
Employee	0 shares	0 shares
Others
Total	1,86,20,000 shares	43,71,600 shares

Bids Received (Subscription)

Tunwal E-Motors IPO subscribed 12.31x in total, whereas VVIP Infratech IPO subscribed 236.92x.

	Tunwal E-Motors IPO	VVIP Infratech IPO
QIB (times)		168.45x
NII (times)	7.61x	456.82x
Big NII (times)
Small NII (times)
RII (times)	16.64x	181.73x
Employee (times)
Other (times)
Total (times)	12.31x	236.92x

Compare with others

Tunwal E-Motors IPO	VVIP Infratech IPO
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Three M Paper Boards IPO	V.L.Infraprojects IPO
Prizor Viztech IPO	RNFI Services IPO
Sati Poly Plast IPO	Macobs Technologies IPO
Sahaj Solar IPO	Kataria Industries IPO
Aelea Commodities IPO	SAR Televenture FPO

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