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Associated Coaters IPO vs Magenta Lifecare IPO

Comparision between Associated Coaters IPO and Magenta Lifecare IPO.

IPO Details

Associated Coaters IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Magenta Lifecare IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Associated Coaters IPO Magenta Lifecare IPO
Logo Associated Coaters IPO Logo Magenta Lifecare IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Gretex Corporate Services Limited Fedex Securities Pvt Ltd
Registrar Bigshare Services Pvt Ltd Cameo Corporate Services Limited
Market Maker Gretex Share Broking Private Limited Sunflower Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Associated Coaters IPO is up to ₹5.11 Cr whereas the issue size of the Magenta Lifecare IPO is up to ₹7.00 Cr. The final issue price of Associated Coaters IPO is ₹121.00 per share and of Magenta Lifecare IPO is ₹35.00 per share.

  Associated Coaters IPO Magenta Lifecare IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹121.00 per share ₹35.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1000 shares 4000 shares
Fresh Issue Size 4,22,000 shares 20,00,000 shares
Fresh Issue Size (Amount) up to ₹5.11 Cr up to ₹7.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 4,22,000 shares 20,00,000 shares
Issue Size Total (Amount) up to ₹5.11 Cr up to ₹7.00 Cr

IPO Timetable

Associated Coaters IPO opens on May 30, 2024, while Magenta Lifecare IPO opens on Jun 05, 2024. The closing date of Associated Coaters IPO and Magenta Lifecare IPO is Jun 03, 2024, and Jun 07, 2024, respectively.

  Associated Coaters IPO Magenta Lifecare IPO
Anchor Bid Date
Issue Open May 30, 2024 Jun 05, 2024
Issue Close Jun 03, 2024 Jun 07, 2024
Basis Of Allotment (Tentative) Jun 04, 2024 Jun 10, 2024
Initiation of Refunds (Tentative) Jun 05, 2024 Jun 11, 2024
Credit of Share (Tentative) Jun 05, 2024 Jun 11, 2024
Listing date (Tentative) Jun 06, 2024 Jun 12, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Associated Coaters IPO P/E ratio is 20.72, as compared to Magenta Lifecare IPO P/E ratio of 69.43.

  Associated Coaters IPO Magenta Lifecare IPO
Financial

Associated Coaters Limited Financial Information (Restated)

Associated Coaters Limited's revenue increased by 157.47% and profit after tax (PAT) rose by 297.22% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets364.74296.12201.812.72
Revenue397.00358.94139.41
Profit After Tax75.7754.3013.67-0.14
Net Worth141.1170.3416.052.38
Reserves and Surplus48.1167.3413.05-0.62
Total Borrowing9.909.9010.100.20
Amount in ₹ Lakhs

Magenta Lifecare Limited Financial Information (Restated)

Magenta Lifecare Limited's revenue increased by 1.79% and profit after tax (PAT) rose by 29.96% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,505.711,250.931,415.601,459.78
Revenue630.74955.29938.47966.14
Profit After Tax24.3624.5518.8919.44
Net Worth634.18520.81361.73142.85
Reserves and Surplus147.19366.57219.7220.84
Total Borrowing447.83453.01757.53982.73
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 84.06%
Promoter Shareholding (Post-Issue) 68.79% 59.59%
P/E Ratio 20.72 69.43
Market Cap ₹16.36 Cr. ₹24.04 Cr.
ROE 71.66%% 5.62%%
ROCE 68.30%% 13.41%%
Debt/Equity 0.07
EPS ₹5.84 ₹0.50
RoNW 53.69%% 3.84%%

Shares Offered

In the Associated Coaters IPO retail investors (RII) are offered 1,78,000 shares while in Magenta Lifecare IPO retail investors are offered 1,78,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Associated Coaters IPO and 0 shares in Magenta Lifecare IPO.

  Associated Coaters IPO Magenta Lifecare IPO
Anchor Investor Reserveration
Market Maker Reserveration 66,000 shares 1,04,000 shares
QIB 0 shares 0 shares
NII 1,78,000 shares 9,48,000 shares
RII 1,78,000 shares 9,48,000 shares
Employee 0 shares 0 shares
Others
Total 3,56,000 shares 18,96,000 shares

Bids Received (Subscription)

Associated Coaters IPO subscribed 371.14x in total, whereas Magenta Lifecare IPO subscribed 983.19x.

  Associated Coaters IPO Magenta Lifecare IPO
QIB (times)
NII (times) 239.63x 1,145.78x
Big NII (times)
Small NII (times)
RII (times) 494.99x 778.41x
Employee (times)
Other (times)
Total (times) 371.14x 983.19x

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