Comparison between RNFI Services IPO and Tunwal E-Motors IPO.
RNFI Services IPO is a SME Fixed Price IPO proposed to list at NSE SME while Tunwal E-Motors IPO is a SME Fixed Price proposed to list at NSE SME.
| RNFI Services IPO | Tunwal E-Motors IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Choice Capital Advisors Pvt.Ltd. | Horizon Management Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Choice Equity Broking Pvt.Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of RNFI Services IPO is up to ₹66.78 Cr whereas the issue size of the Tunwal E-Motors IPO is up to ₹109.86 Cr. The final issue price of RNFI Services IPO is ₹105.00 per share and of Tunwal E-Motors IPO is ₹59.00 per share.
| RNFI Services IPO | Tunwal E-Motors IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹2 per share |
| Issue Price (Lower) | ₹98.00 per share | |
| Issue Price (Upper) | ₹105.00 per share | |
| Issue Price (Final) | ₹105.00 per share | ₹59.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 2000 shares |
| Fresh Issue Size | 63,60,000 shares | 1,28,70,000 shares |
| Fresh Issue Size (Amount) | up to ₹66.78 Cr | up to ₹75.93 Cr |
| OFS Issue Size | 0 shares | 57,50,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹33.93 Cr |
| Issue Size Total | 63,60,000 shares | 1,86,20,000 shares |
| Issue Size Total (Amount) | up to ₹66.78 Cr | up to ₹109.86 Cr |
RNFI Services IPO opens on Jul 22, 2024, while Tunwal E-Motors IPO opens on Jul 15, 2024. The closing date of RNFI Services IPO and Tunwal E-Motors IPO is Jul 24, 2024, and Jul 18, 2024, respectively.
| RNFI Services IPO | Tunwal E-Motors IPO | |
|---|---|---|
| Anchor Bid Date | Jul 19, 2024 | |
| Issue Open | Jul 22, 2024 | Jul 15, 2024 |
| Issue Close | Jul 24, 2024 | Jul 18, 2024 |
| Basis Of Allotment (Tentative) | Jul 25, 2024 | Jul 19, 2024 |
| Initiation of Refunds (Tentative) | Jul 26, 2024 | Jul 22, 2024 |
| Credit of Share (Tentative) | Jul 26, 2024 | Jul 22, 2024 |
| Listing date (Tentative) | Jul 29, 2024 | Jul 23, 2024 |
| Anchor Lockin End date 1 | Aug 24, 2024 | |
| Anchor Lockin End date 2 | Oct 23, 2024 |
RNFI Services IPO P/E ratio is 19.19, as compared to Tunwal E-Motors IPO P/E ratio of 20.71.
| RNFI Services IPO | Tunwal E-Motors IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 89.53 | 97.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.34 | 62.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.19 | 20.71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹262.00 Cr. | ₹326.28 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 57.53% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 29.74% | 59.38% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.02 | 1.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.47 | ₹2.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 40.92% | 57.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the RNFI Services IPO Retail Individual Investors (RII) are offered 22,26,000 shares while in Tunwal E-Motors IPO retail investors are offered 22,26,000 shares. Qualified Institutional Buyers (QIB) are offered 12,72,000 shares in RNFI Services IPO and in Tunwal E-Motors IPO.
| RNFI Services IPO | Tunwal E-Motors IPO | |
|---|---|---|
| Anchor Investor Reservation | 19,08,000 shares | |
| Market Maker Reservation | 3,84,000 shares | 9,80,000 shares |
| QIB | 12,72,000 shares | |
| NII | 9,54,000 shares | 93,10,000 shares |
| RII | 22,26,000 shares | 93,10,000 shares |
| Employee | ||
| Others | ||
| Total | 63,60,000 shares | 1,86,20,000 shares |
RNFI Services IPO subscribed 221.49x in total, whereas Tunwal E-Motors IPO subscribed 12.31x.
| RNFI Services IPO | Tunwal E-Motors IPO | |
|---|---|---|
| QIB (times) | 140.66x | |
| NII (times) | 513.31x | 7.61x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 142.62x | 16.64x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 221.49x | 12.31x |
