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

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

IPO Details

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

 Tunwal E-Motors IPOV.L.Infraprojects IPO
LogoTunwal E-Motors IPO LogoV.L.Infraprojects IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHorizon Management Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Spread X Securities Pvt.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 Tunwal E-Motors IPO is up to ₹109.86 Cr whereas the issue size of the V.L.Infraprojects IPO is up to ₹17.51 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 IPOV.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)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size1,28,70,000 shares41,70,000 shares
Fresh Issue Size (Amount)up to ₹75.93 Crup to ₹17.51 Cr
OFS Issue Size57,50,000 shares0 shares
OFS Issue Size (Amount)up to ₹33.93 Crup to ₹0.00 Cr
Issue Size Total1,86,20,000 shares41,70,000 shares
Issue Size Total (Amount)up to ₹109.86 Crup to ₹17.51 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 IPOV.L.Infraprojects IPO
Anchor Bid DateJul 22, 2024
Issue OpenJul 15, 2024Jul 23, 2024
Issue CloseJul 18, 2024Jul 25, 2024
Basis Of Allotment (Tentative)Jul 19, 2024Jul 26, 2024
Initiation of Refunds (Tentative)Jul 22, 2024Jul 29, 2024
Credit of Share (Tentative)Jul 22, 2024Jul 29, 2024
Listing date (Tentative)Jul 23, 2024Jul 30, 2024
Anchor Lockin End date 1Aug 25, 2024
Anchor Lockin End date 2Oct 24, 2024

Financials & KPIs

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 IPOV.L.Infraprojects IPO
Financials

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

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 Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets5,691.392,836.241,955.401,641.29
Total Income11,400.054,565.143,560.703,077.57
Profit After Tax614.01222.66110.5883.37
Net Worth1,636.011,022.00730.84620.26
Reserves and Surplus505.76268.50456.84346.26
Total Borrowing1,654.81999.021,003.52659.41
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.0490.91
Promoter Shareholding (Post-Issue)62.3465.39
P/E Ratio20.717.73
Market Cap₹326.28 Cr.₹65.99 Cr.
ROE57.53%46.20%
ROCE59.38%39.09%
Debt/Equity1.00
EPS₹2.85₹5.43
RoNW57.53%37.53%

Shares Offered

In the Tunwal E-Motors IPO Retail Individual 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 in Tunwal E-Motors IPO and 8,34,000 shares in V.L.Infraprojects IPO.

 Tunwal E-Motors IPOV.L.Infraprojects IPO
Anchor Investor Reserveration12,48,000 shares
Market Maker Reserveration9,80,000 shares2,40,000 shares
QIB8,34,000 shares
NII93,10,000 shares6,27,000 shares
RII93,10,000 shares14,61,000 shares
Employee
Others
Total1,86,20,000 shares41,70,000 shares

Bids Received (Subscription)

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

 Tunwal E-Motors IPOV.L.Infraprojects IPO
QIB (times)203.73x
NII (times)7.61x726.56x
Big NII (times)
Small NII (times)
RII (times)16.64x844.22x
Employee (times)
Other (times)
Total (times)12.31x636.17x