ProStocks Logo
Unlimited Trades ₹899 Monthly
www.ProStocks.com
Contact us

RNFI Services IPO vs Tunwal E-Motors IPO

Comparison between RNFI Services IPO and Tunwal E-Motors IPO.

IPO Details

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 IPOTunwal E-Motors IPO
LogoRNFI Services IPO LogoTunwal E-Motors IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersChoice Capital Advisors Pvt.Ltd.Horizon Management Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerChoice Equity 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 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 IPOTunwal 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
Market Lot Size1200 shares2000 shares
Fresh Issue Size63,60,000 shares1,28,70,000 shares
Fresh Issue Size (Amount)up to ₹66.78 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 Total63,60,000 shares1,86,20,000 shares
Issue Size Total (Amount)up to ₹66.78 Crup to ₹109.86 Cr

IPO Timetable

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 IPOTunwal E-Motors IPO
Anchor Bid DateJul 19, 2024
Issue OpenJul 22, 2024Jul 15, 2024
Issue CloseJul 24, 2024Jul 18, 2024
Basis Of Allotment (Tentative)Jul 25, 2024Jul 19, 2024
Initiation of Refunds (Tentative)Jul 26, 2024Jul 22, 2024
Credit of Share (Tentative)Jul 26, 2024Jul 22, 2024
Listing date (Tentative)Jul 29, 2024Jul 23, 2024
Anchor Lockin End date 1Aug 24, 2024
Anchor Lockin End date 2Oct 23, 2024

Financials & KPIs

RNFI Services IPO P/E ratio is 19.19, as compared to Tunwal E-Motors IPO P/E ratio of 20.71.

 RNFI Services IPOTunwal E-Motors IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets190.51125.27116.61
Total Income943.051,069.40190.80
Profit After Tax9.964.895.55
NET Worth31.6020.4213.30
Reserves and Surplus13.5120.4313.32
Total Borrowing36.3921.1912.64
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)89.53%97.04%
Promoter Shareholding (Post-Issue)65.34%62.34%
P/E Ratio19.1920.71
Market Cap₹262.00 Cr.₹326.28 Cr.
ROE57.53
ROCE29.7459.38
Debt/Equity1.021.00
EPS₹5.47₹2.85
RoNW40.9257.53

Shares Offered

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 0 shares in Tunwal E-Motors IPO.

 RNFI Services IPOTunwal E-Motors IPO
Anchor Investor Reservation19,08,000 shares0 shares
Market Maker Reservation3,84,000 shares9,80,000 shares
QIB12,72,000 shares0 shares
NII9,54,000 shares93,10,000 shares
RII22,26,000 shares93,10,000 shares
Employee0 shares
Total63,60,000 shares1,86,20,000 shares

Bids Received (Subscription)

RNFI Services IPO subscribed 155.05x in total, whereas Tunwal E-Motors IPO subscribed 12.12x.

 RNFI Services IPOTunwal E-Motors IPO
QIB (times)140.66x
NII (times)513.31x7.61x
RII (times)142.62x16.64x
Total (times)155.05x12.12x

Compare with others

RNFI Services IPOTunwal E-Motors IPO
Manglam Infra IPOV.L.Infraprojects IPO
Chetana Education IPORNFI Services IPO
Clinitech Laboratory IPOMacobs Technologies IPO
VVIP Infratech IPOKataria Industries IPO
V.L.Infraprojects IPOSAR Televenture FPO
Macobs Technologies IPOThree M Paper Boards IPO
Kataria Industries IPOPrizor Viztech IPO
SAR Televenture FPOSati Poly Plast IPO
Tunwal E-Motors IPOSahaj Solar IPO
Three M Paper Boards IPOAelea Commodities IPO

Compare:

RNFI Services IPO Vs Tunwal E-Motors IPO