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Aelea Commodities IPO vs Tunwal E-Motors IPO

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

IPO Details

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

 Aelea Commodities IPOTunwal E-Motors IPO
LogoAelea Commodities IPO LogoTunwal E-Motors IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersEkadrisht Capital Pvt.Ltd.Horizon Management Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aelea Commodities IPO is up to ₹48.45 Cr whereas the issue size of the Tunwal E-Motors IPO is up to ₹109.86 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 IPOTunwal 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)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size51,00,000 shares1,28,70,000 shares
Fresh Issue Size (Amount)up to ₹48.45 Crup to ₹75.93 Cr
OFS Issue Size0 shares57,50,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹33.93 Cr
Issue Size Total51,00,000 shares1,86,20,000 shares
Issue Size Total (Amount)up to ₹48.45 Crup to ₹109.86 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 IPOTunwal E-Motors IPO
Anchor Bid DateJul 11, 2024
Issue OpenJul 12, 2024Jul 15, 2024
Issue CloseJul 16, 2024Jul 18, 2024
Basis Of Allotment (Tentative)Jul 18, 2024Jul 19, 2024
Initiation of Refunds (Tentative)Jul 19, 2024Jul 22, 2024
Credit of Share (Tentative)Jul 19, 2024Jul 22, 2024
Listing date (Tentative)Jul 22, 2024Jul 23, 2024
Anchor Lockin End date 1Aug 17, 2024
Anchor Lockin End date 2Oct 16, 2024

Financials & KPIs

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

 Aelea Commodities IPOTunwal E-Motors IPO
Financials

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 Ended31 May 202431 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets11,641.2810,653.479,876.857,028.035,041.15
Total Income2,758.4714,450.7711,014.4410,550.8547,595.26
Profit After Tax280.361,222.32191.221,063.111,108.51
Net Worth4,875.324,592.893,383.003,060.891,940.51
Reserves and Surplus3,375.323,092.893,351.003,029.531,932.69
Total Borrowing4,120.364,077.323,327.402,130.761,096.14
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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets7,582.975,694.495,037.44
Total Income10,553.697,655.747,566.42
Profit After Tax1,181.17372.48233.94
Net Worth2,053.08821.91424.43
Reserves and Surplus1,224.06409.40321.55
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)86.4597.04
Promoter Shareholding (Post-Issue)63.6662.34
P/E Ratio11.6220.71
Market Cap₹193.03 Cr.₹326.28 Cr.
ROE5.92%57.53%
ROCE5.72%59.38%
Debt/Equity0.851.00
EPS₹8.18₹2.85
RoNW5.75%57.53%

Shares Offered

In the Aelea Commodities IPO Retail Individual 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 in Tunwal E-Motors IPO.

 Aelea Commodities IPOTunwal E-Motors IPO
Anchor Investor Reserveration15,28,800 shares
Market Maker Reserveration2,68,800 shares9,80,000 shares
QIB10,20,000 shares
NII7,65,600 shares93,10,000 shares
RII17,85,600 shares93,10,000 shares
Employee
Others
Total51,00,000 shares1,86,20,000 shares

Bids Received (Subscription)

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

 Aelea Commodities IPOTunwal E-Motors IPO
QIB (times)104.22x
NII (times)389.87x7.61x
Big NII (times)
Small NII (times)
RII (times)164.95x16.64x
Employee (times)
Other (times)
Total (times)195.83x12.31x