Tunwal E-Motors IPO vs V.L.Infraprojects IPO

Comparision between Tunwal E-Motors IPO and V.L.Infraprojects IPO.

IPO Details

Tunwal E-Motors IPO is a SME Book Built Issue IPO proposed to list at NSE SME while V.L.Infraprojects IPO is a SME Book Built Issue proposed to list at NSE SME.

	Tunwal E-Motors IPO	V.L.Infraprojects IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Horizon Management Private Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Nikunj Stock Brokers Limited	Spread X Securities Private 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 V.L.Infraprojects IPO is up to ₹18.52 Cr. The final issue price of Tunwal E-Motors IPO is ₹59.00 per share and of V.L.Infraprojects IPO is ₹42.00 per share.

	Tunwal E-Motors IPO	V.L.Infraprojects IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)		₹39.00 per share
Issue Price (Upper)		₹42.00 per share
Issue Price (Final)	₹59.00 per share	₹42.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	1,38,50,000 shares	44,10,000 shares
Fresh Issue Size (Amount)	up to ₹81.72 Cr	up to ₹18.52 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	44,10,000 shares
Issue Size Total (Amount)	up to ₹115.64 Cr	up to ₹18.52 Cr

IPO Timetable

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

	Tunwal E-Motors IPO	V.L.Infraprojects 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 V.L.Infraprojects IPO P/E ratio of 7.73.

Tunwal E-Motors IPO

V.L.Infraprojects 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

V.L.Infraprojects Limited Financial Information (Restated)

V.L.Infraprojects Limited's revenue increased by 149.72% and profit after tax (PAT) rose by 175.76% 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	5,691.39	2,836.24	1,955.40	1,641.29
Revenue	11,400.05	4,565.14	3,560.70	3,077.57
Profit After Tax	614.01	222.66	110.58	83.37
Net Worth	1,636.01	1,022.00	730.84	620.26
Reserves and Surplus	505.76	268.50	456.84	346.26
Total Borrowing	1,654.81	999.02	1,003.52	659.41
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.04%

90.91%

Promoter Shareholding (Post-Issue)

62.34%

65.39%

P/E Ratio

20.71

7.73

Market Cap

₹326.28 Cr.

₹65.99 Cr.

ROE

57.53%%

46.20%%

ROCE

59.38%%

39.09%%

Debt/Equity

EPS

₹2.85

₹5.43

RoNW

57.53%%

37.53%%

Shares Offered

In the Tunwal E-Motors IPO retail investors (RII) are offered 93,10,000 shares while in V.L.Infraprojects IPO retail investors are offered 93,10,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Tunwal E-Motors IPO and 8,34,000 shares in V.L.Infraprojects IPO.

	Tunwal E-Motors IPO	V.L.Infraprojects IPO
Anchor Investor Reserveration		12,48,000 shares
Market Maker Reserveration	9,80,000 shares	2,40,000 shares
QIB	0 shares	8,34,000 shares
NII	93,10,000 shares	6,27,000 shares
RII	93,10,000 shares	14,61,000 shares
Employee	0 shares	0 shares
Others
Total	1,86,20,000 shares	29,22,000 shares

Bids Received (Subscription)

Tunwal E-Motors IPO subscribed 12.31x in total, whereas V.L.Infraprojects IPO subscribed 636.17x.

	Tunwal E-Motors IPO	V.L.Infraprojects IPO
QIB (times)		203.73x
NII (times)	7.61x	726.56x
Big NII (times)
Small NII (times)
RII (times)	16.64x	844.22x
Employee (times)
Other (times)
Total (times)	12.31x	636.17x

Compare with others

Tunwal E-Motors IPO	V.L.Infraprojects IPO
V.L.Infraprojects IPO	Aprameya Engineering IPO
RNFI Services IPO	Manglam Infra And Engineering IPO
Macobs Technologies IPO	Chetana Education IPO
Kataria Industries IPO	Clinitech Laboratory IPO
SAR Televenture FPO	VVIP Infratech 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
Aelea Commodities IPO	Tunwal E-Motors IPO

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