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Sahaj Solar IPO vs Tunwal E-Motors IPO

Comparison between Sahaj Solar IPO and Tunwal E-Motors IPO.

IPO Details

Sahaj Solar 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.

 Sahaj Solar IPOTunwal E-Motors IPO
LogoSahaj Solar IPO LogoTunwal E-Motors IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersKunvarji Finstock Pvt.Ltd.Horizon Management Pvt.Ltd.
RegistrarKfin Technologies Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerAftertrade Broking Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sahaj Solar IPO is up to ₹49.89 Cr whereas the issue size of the Tunwal E-Motors IPO is up to ₹109.86 Cr. The final issue price of Sahaj Solar IPO is ₹180.00 per share and of Tunwal E-Motors IPO is ₹59.00 per share.

 Sahaj Solar IPOTunwal E-Motors IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹171.00 per share
Issue Price (Upper)₹180.00 per share
Issue Price (Final)₹180.00 per share₹59.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹15.00 per share
Market Lot Size800 shares2000 shares
Fresh Issue Size27,73,600 shares1,28,70,000 shares
Fresh Issue Size (Amount)up to ₹49.89 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 Total27,73,600 shares1,86,20,000 shares
Issue Size Total (Amount)up to ₹49.89 Crup to ₹109.86 Cr

IPO Timetable

Sahaj Solar IPO opens on Jul 11, 2024, while Tunwal E-Motors IPO opens on Jul 15, 2024. The closing date of Sahaj Solar IPO and Tunwal E-Motors IPO is Jul 15, 2024, and Jul 18, 2024, respectively.

 Sahaj Solar IPOTunwal E-Motors IPO
Anchor Bid DateJul 10, 2024
Issue OpenJul 11, 2024Jul 15, 2024
Issue CloseJul 15, 2024Jul 18, 2024
Basis Of Allotment (Tentative)Jul 16, 2024Jul 19, 2024
Initiation of Refunds (Tentative)Jul 18, 2024Jul 22, 2024
Credit of Share (Tentative)Jul 18, 2024Jul 22, 2024
Listing date (Tentative)Jul 19, 2024Jul 23, 2024
Anchor Lockin End date 1Aug 15, 2024
Anchor Lockin End date 2Oct 14, 2024

Financials & KPIs

Sahaj Solar IPO P/E ratio is 10.86, as compared to Tunwal E-Motors IPO P/E ratio of 20.71.

 Sahaj Solar IPOTunwal E-Motors IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets149.3690.8261.0334.64
Total Income201.72185.8067.2962.19
Profit After Tax13.376.481.030.71
NET Worth32.9316.3710.029.22
Reserves and Surplus24.978.594.804.05
Total Borrowing56.8113.6217.1115.03
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets75.8356.9450.37
Total Income105.5476.5675.66
Profit After Tax11.813.722.34
NET Worth20.538.224.24
Reserves and Surplus12.244.093.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.0897.04
Promoter Shareholding (Post-Issue)71.2862.34
P/E Ratio10.8620.71
Market Cap₹197.75 Cr.₹326.28 Cr.
ROE39.96%57.53%
ROCE26.47%59.38%
Debt/Equity1.00
EPS₹16.58₹2.85
RoNW39.96%57.53%

Shares Offered

In the Sahaj Solar IPO Retail Individual Investors (RII) are offered 9,62,400 shares while in Tunwal E-Motors IPO retail investors are offered 9,62,400 shares. Qualified Institutional Buyers (QIB) are offered 5,50,400 shares in Sahaj Solar IPO and in Tunwal E-Motors IPO.

 Sahaj Solar IPOTunwal E-Motors IPO
Anchor Investor Reservation8,24,000 shares
Market Maker Reservation1,46,400 shares9,80,000 shares
QIB5,50,400 shares
NII4,12,800 shares93,10,000 shares
RII9,62,400 shares93,10,000 shares
Employee24,000 shares
Others
Total27,73,600 shares1,86,20,000 shares

Bids Received (Subscription)

Sahaj Solar IPO subscribed 507.21x in total, whereas Tunwal E-Motors IPO subscribed 12.31x.

 Sahaj Solar IPOTunwal E-Motors IPO
QIB (times)214.27x
NII (times)862.35x7.61x
Big NII (times)
Small NII (times)
RII (times)535.03x16.64x
Employee (times)
Other (times)
Total (times)507.21x12.31x

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Compare:

Sahaj Solar IPO Vs Tunwal E-Motors IPO