Durlax Top Surface IPO vs Magenta Lifecare IPO

Comparision between Durlax Top Surface IPO and Magenta Lifecare IPO.

IPO Details

Durlax Top Surface IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Magenta Lifecare IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Durlax Top Surface IPO	Magenta Lifecare IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Expert Global Consultants Private Limited	Fedex Securities Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Globalworth Securities Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Durlax Top Surface IPO is up to ₹40.80 Cr whereas the issue size of the Magenta Lifecare IPO is up to ₹7.00 Cr. The final issue price of Durlax Top Surface IPO is ₹68.00 per share and of Magenta Lifecare IPO is ₹35.00 per share.

	Durlax Top Surface IPO	Magenta Lifecare IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹65.00 per share
Issue Price (Upper)	₹68.00 per share
Issue Price (Final)	₹68.00 per share	₹35.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	4000 shares
Fresh Issue Size	42,00,000 shares	20,00,000 shares
Fresh Issue Size (Amount)	up to ₹28.56 Cr	up to ₹7.00 Cr
OFS Issue Size	18,00,000 shares
OFS Issue Size (Amount)	up to ₹12.24 Cr
Issue Size Total	60,00,000 shares	20,00,000 shares
Issue Size Total (Amount)	up to ₹40.80 Cr	up to ₹7.00 Cr

IPO Timetable

Durlax Top Surface IPO opens on Jun 19, 2024, while Magenta Lifecare IPO opens on Jun 05, 2024. The closing date of Durlax Top Surface IPO and Magenta Lifecare IPO is Jun 21, 2024, and Jun 07, 2024, respectively.

	Durlax Top Surface IPO	Magenta Lifecare IPO
Anchor Bid Date	Jun 18, 2024
Issue Open	Jun 19, 2024	Jun 05, 2024
Issue Close	Jun 21, 2024	Jun 07, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jun 10, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jun 11, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jun 11, 2024
Listing date (Tentative)	Jun 26, 2024	Jun 12, 2024
Anchor Lockin End date 1	Jul 24, 2024
Anchor Lockin End date 2	Sep 22, 2024

Financials

Durlax Top Surface IPO P/E ratio is 16.73, as compared to Magenta Lifecare IPO P/E ratio of 69.43.

Durlax Top Surface IPO

Magenta Lifecare IPO

Financial

Durlax Top Surface Limited Financial Information (Restated)

Durlax Top Surface Limited's revenue increased by 35.9% and profit after tax (PAT) rose by 141.15% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	10,553.50	7,673.02	7,168.11
Revenue	9,083.93	6,684.20	4,741.81
Profit After Tax	505.07	209.44	48.42
Net Worth	2,184.38	1,671.21	1,292.27
Reserves and Surplus	941.61	431.14	1,277.29
Total Borrowing	6,070.71	3,690.93	3,929.82
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)

95.44%

84.06%

Promoter Shareholding (Post-Issue)

60.35%

59.59%

P/E Ratio

16.73

69.43

Market Cap

₹113.07 Cr.

₹24.04 Cr.

ROE

26.20%%

5.62%%

ROCE

20.20%%

13.41%%

Debt/Equity

2.78

EPS

₹4.06

₹0.50

RoNW

23.12%%

3.84%%

Shares Offered

In the Durlax Top Surface IPO retail investors (RII) are offered 20,00,000 shares while in Magenta Lifecare IPO retail investors are offered 20,00,000 shares. Qualified institutional buyers (QIB) are offered 22,52,000 shares in Durlax Top Surface IPO and 0 shares in Magenta Lifecare IPO.

	Durlax Top Surface IPO	Magenta Lifecare IPO
Anchor Investor Reserveration	5,92,000 shares
Market Maker Reserveration	3,00,000 shares	1,04,000 shares
QIB	22,52,000 shares	0 shares
NII	8,56,000 shares	9,48,000 shares
RII	20,00,000 shares	9,48,000 shares
Employee	0 shares	0 shares
Others
Total	51,08,000 shares	18,96,000 shares

Bids Received (Subscription)

Durlax Top Surface IPO subscribed 166.79x in total, whereas Magenta Lifecare IPO subscribed 983.19x.

	Durlax Top Surface IPO	Magenta Lifecare IPO
QIB (times)	48.29x
NII (times)	415.06x	1,145.78x
Big NII (times)
Small NII (times)
RII (times)	193.95x	778.41x
Employee (times)
Other (times)
Total (times)	166.79x	983.19x

Compare with others

Durlax Top Surface IPO	Magenta Lifecare IPO
The Money Fair IPO	Durlax Top Surface IPO
Winny Immigration IPO	GEM Enviro IPO
Medicamen Organics IPO	GPES Solar IPO
EnNutrica IPO	United Cotfab IPO
Falcon Technoprojects India IPO	3C IT IPO
GEM Enviro IPO	Sattrix IPO
GPES Solar IPO	Associated Coaters IPO
United Cotfab IPO	TBI Corn IPO
3C IT IPO	Ztech India IPO
Magenta Lifecare IPO	Aimtron Electronics IPO

Comments

Add a public comment...