3C IT IPO vs Magenta Lifecare IPO

Comparision between 3C IT IPO and Magenta Lifecare IPO.

IPO Details

3C IT 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.

	3C IT IPO	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	Kreo Capital Private Limited	Fedex Securities Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Cameo Corporate Services Limited
Market Maker	Shreni Shares 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 3C IT IPO is up to ₹11.44 Cr whereas the issue size of the Magenta Lifecare IPO is up to ₹7.00 Cr. The final issue price of 3C IT IPO is ₹52.00 per share and of Magenta Lifecare IPO is ₹35.00 per share.

	3C IT IPO	Magenta Lifecare IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹52.00 per share	₹35.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	4000 shares
Fresh Issue Size	17,00,000 shares	20,00,000 shares
Fresh Issue Size (Amount)	up to ₹8.84 Cr	up to ₹7.00 Cr
OFS Issue Size	5,00,000 shares
OFS Issue Size (Amount)	up to ₹2.60 Cr
Issue Size Total	22,00,000 shares	20,00,000 shares
Issue Size Total (Amount)	up to ₹11.44 Cr	up to ₹7.00 Cr

IPO Timetable

3C IT IPO opens on Jun 04, 2024, while Magenta Lifecare IPO opens on Jun 05, 2024. The closing date of 3C IT IPO and Magenta Lifecare IPO is Jun 07, 2024, and Jun 07, 2024, respectively.

	3C IT IPO	Magenta Lifecare IPO
Anchor Bid Date
Issue Open	Jun 04, 2024	Jun 05, 2024
Issue Close	Jun 07, 2024	Jun 07, 2024
Basis Of Allotment (Tentative)	Jun 10, 2024	Jun 10, 2024
Initiation of Refunds (Tentative)	Jun 11, 2024	Jun 11, 2024
Credit of Share (Tentative)	Jun 11, 2024	Jun 11, 2024
Listing date (Tentative)	Jun 12, 2024	Jun 12, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

3C IT IPO P/E ratio is 5.86, as compared to Magenta Lifecare IPO P/E ratio of 69.43.

3C IT IPO

Magenta Lifecare IPO

Financial

3C IT Solutions & Telecoms (India) Limited Financial Information (Restated)

3C IT Solutions & Telecoms (India) Limited's revenue decreased by -5.98% and profit after tax (PAT) rose by 2.45% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,898.43	2,886.14	3,465.47	1,835.90
Revenue	2,355.66	6,293.48	6,694.11	4,063.52
Profit After Tax	50.52	113.62	110.90	85.93
Net Worth	460.26	409.73	260.65	149.75
Reserves and Surplus	244.26	373.73	259.65	148.75
Total Borrowing	592.43	1,339.76	1,040.20	398.22
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 Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,505.71	1,250.93	1,415.60	1,459.78
Revenue	630.74	955.29	938.47	966.14
Profit After Tax	24.36	24.55	18.89	19.44
Net Worth	634.18	520.81	361.73	142.85
Reserves and Surplus	147.19	366.57	219.72	20.84
Total Borrowing	447.83	453.01	757.53	982.73
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

72.00%

84.06%

Promoter Shareholding (Post-Issue)

51.66%

59.59%

P/E Ratio

5.86

69.43

Market Cap

₹31.30 Cr.

₹24.04 Cr.

ROE

5.62%%

ROCE

13.41%%

Debt/Equity

EPS

₹8.87

₹0.50

RoNW

10.98%%

3.84%%

Shares Offered

In the 3C IT IPO retail investors (RII) are offered 10,44,000 shares while in Magenta Lifecare IPO retail investors are offered 10,44,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in 3C IT IPO and 0 shares in Magenta Lifecare IPO.

	3C IT IPO	Magenta Lifecare IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,12,000 shares	1,04,000 shares
QIB	0 shares	0 shares
NII	10,44,000 shares	9,48,000 shares
RII	10,44,000 shares	9,48,000 shares
Employee	0 shares	0 shares
Others
Total	20,88,000 shares	18,96,000 shares

Bids Received (Subscription)

3C IT IPO subscribed 20.21x in total, whereas Magenta Lifecare IPO subscribed 983.19x.

	3C IT IPO	Magenta Lifecare IPO
QIB (times)
NII (times)	10.63x	1,145.78x
Big NII (times)
Small NII (times)
RII (times)	29.79x	778.41x
Employee (times)
Other (times)
Total (times)	20.21x	983.19x

Compare with others

3C IT IPO	Magenta Lifecare IPO
Falcon Technoprojects India IPO	Durlax Top Surface IPO
Durlax Top Surface IPO	GEM Enviro IPO
GEM Enviro IPO	GPES Solar IPO
GPES Solar IPO	United Cotfab IPO
United Cotfab IPO	3C IT IPO
Magenta Lifecare IPO	Sattrix IPO
Sattrix IPO	Associated Coaters IPO
Associated Coaters IPO	TBI Corn IPO
TBI Corn IPO	Ztech India IPO
Ztech India IPO	Aimtron Electronics IPO

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