GEM Enviro IPO vs Magenta Lifecare IPO

Comparision between GEM Enviro IPO and Magenta Lifecare IPO.

IPO Details

GEM Enviro 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.

	GEM Enviro IPO	Magenta Lifecare IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Share India Capital Services Private Limited Fintellectual Corporate Advisors Private Limited	Fedex Securities Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Cameo Corporate Services Limited
Market Maker	Share India 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 GEM Enviro IPO is up to ₹44.93 Cr whereas the issue size of the Magenta Lifecare IPO is up to ₹7.00 Cr. The final issue price of GEM Enviro IPO is ₹75.00 per share and of Magenta Lifecare IPO is ₹35.00 per share.

	GEM Enviro IPO	Magenta Lifecare IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share
Issue Price (Upper)	₹75.00 per share
Issue Price (Final)	₹75.00 per share	₹35.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	4000 shares
Fresh Issue Size	14,97,600 shares	20,00,000 shares
Fresh Issue Size (Amount)	up to ₹11.23 Cr	up to ₹7.00 Cr
OFS Issue Size	44,92,800 shares
OFS Issue Size (Amount)	up to ₹33.70 Cr
Issue Size Total	59,90,400 shares	20,00,000 shares
Issue Size Total (Amount)	up to ₹44.93 Cr	up to ₹7.00 Cr

IPO Timetable

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

	GEM Enviro IPO	Magenta Lifecare IPO
Anchor Bid Date
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
Anchor Lockin End date 2

Financials

GEM Enviro IPO P/E ratio is 15.76, as compared to Magenta Lifecare IPO P/E ratio of 69.43.

GEM Enviro IPO

Magenta Lifecare IPO

Financial

GEM Enviro Management Limited Financial Information (Restated)

GEM Enviro Management Limited's revenue increased by 30.05% and profit after tax (PAT) rose by 34.43% 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	3,994.75	3,574.93	2,684.52	1,895.51
Revenue	2,639.11	4,280.57	3,291.48	2,560.58
Profit After Tax	840.42	1,001.82	745.23	583.38
Net Worth	3,103.32	2,411.51	1,713.57	1,015.14
Reserves and Surplus	2,050.68	2,380.55	1,677.57	979.14
Total Borrowing			2.00	2.00
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)

100.00%

84.06%

Promoter Shareholding (Post-Issue)

73.44%

59.59%

P/E Ratio

15.76

69.43

Market Cap

₹169.13 Cr.

₹24.04 Cr.

ROE

30.48%%

5.62%%

ROCE

36.55%%

13.41%%

Debt/Equity

EPS

₹4.76

₹0.50

RoNW

30.48%%

3.84%%

Shares Offered

In the GEM Enviro IPO retail investors (RII) are offered 19,77,600 shares while in Magenta Lifecare IPO retail investors are offered 19,77,600 shares. Qualified institutional buyers (QIB) are offered 11,29,600 shares in GEM Enviro IPO and 0 shares in Magenta Lifecare IPO.

	GEM Enviro IPO	Magenta Lifecare IPO
Anchor Investor Reserveration	16,92,800 shares
Market Maker Reserveration	3,42,400 shares	1,04,000 shares
QIB	11,29,600 shares	0 shares
NII	8,48,000 shares	9,48,000 shares
RII	19,77,600 shares	9,48,000 shares
Employee	0 shares	0 shares
Others
Total	39,55,200 shares	18,96,000 shares

Bids Received (Subscription)

GEM Enviro IPO subscribed 265.13x in total, whereas Magenta Lifecare IPO subscribed 983.19x.

	GEM Enviro IPO	Magenta Lifecare IPO
QIB (times)	160.22x
NII (times)	462.89x	1,145.78x
Big NII (times)
Small NII (times)
RII (times)	240.25x	778.41x
Employee (times)
Other (times)
Total (times)	265.13x	983.19x

Compare with others

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

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