GPES Solar IPO vs Magenta Lifecare IPO

Comparision between GPES Solar IPO and Magenta Lifecare IPO.

IPO Details

GPES Solar 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.

	GPES Solar 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	Corporate Capitalventures Pvt Ltd	Fedex Securities�Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Ss Corporate 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 GPES Solar IPO is up to ₹30.79 Cr whereas the issue size of the Magenta Lifecare IPO is up to ₹7.00 Cr. The final issue price of GPES Solar IPO is ₹94.00 per share and of Magenta Lifecare IPO is ₹35.00 per share.

	GPES Solar IPO	Magenta Lifecare IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹90.00 per share
Issue Price (Upper)	₹94.00 per share
Issue Price (Final)	₹94.00 per share	₹35.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	4000 shares
Fresh Issue Size	32,76,000 shares	20,00,000 shares
Fresh Issue Size (Amount)	up to ₹30.79 Cr	up to ₹7.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,76,000 shares	20,00,000 shares
Issue Size Total (Amount)	up to ₹30.79 Cr	up to ₹7.00 Cr

IPO Timetable

GPES Solar IPO opens on Jun 14, 2024, while Magenta Lifecare IPO opens on Jun 05, 2024. The closing date of GPES Solar IPO and Magenta Lifecare IPO is Jun 19, 2024, and Jun 07, 2024, respectively.

	GPES Solar IPO	Magenta Lifecare IPO
Anchor Bid Date	Jun 13, 2024
Issue Open	Jun 14, 2024	Jun 05, 2024
Issue Close	Jun 19, 2024	Jun 07, 2024
Basis Of Allotment (Tentative)	Jun 20, 2024	Jun 10, 2024
Initiation of Refunds (Tentative)	Jun 21, 2024	Jun 11, 2024
Credit of Share (Tentative)	Jun 21, 2024	Jun 11, 2024
Listing date (Tentative)	Jun 24, 2024	Jun 12, 2024
Anchor Lockin End date 1	Jul 20, 2024
Anchor Lockin End date 2	Sep 18, 2024

Financials

GPES Solar IPO P/E ratio is 21.44, as compared to Magenta Lifecare IPO P/E ratio of 69.43.

GPES Solar IPO

Magenta Lifecare IPO

Financial

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% 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	4,728.75	4,715.19	1,904.89	1,429.81
Revenue	7,858.88	10,447.63	8,352.99	4,652.91
Profit After Tax	473.27	369.82	277.17	96.94
Net Worth	1,298.08	824.81	454.98	177.81
Reserves and Surplus	578.08	804.81	434.98	157.81
Total Borrowing	1,544.79	1,316.52	517.55	351.37
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)

86.4%

84.06%

Promoter Shareholding (Post-Issue)

62.23%

59.59%

P/E Ratio

21.44

69.43

Market Cap

₹110.08 Cr.

₹24.04 Cr.

ROE

44.59%%

5.62%%

ROCE

26.51%%

13.41%%

Debt/Equity

1.11

EPS

₹4.38

₹0.50

RoNW

42.70%%

3.84%%

Shares Offered

In the GPES Solar IPO retail investors (RII) are offered 10,32,000 shares while in Magenta Lifecare IPO retail investors are offered 10,32,000 shares. Qualified institutional buyers (QIB) are offered 5,89,200 shares in GPES Solar IPO and 0 shares in Magenta Lifecare IPO.

	GPES Solar IPO	Magenta Lifecare IPO
Anchor Investor Reserveration	8,83,200 shares
Market Maker Reserveration	3,27,600 shares	1,04,000 shares
QIB	5,89,200 shares	0 shares
NII	4,44,000 shares	9,48,000 shares
RII	10,32,000 shares	9,48,000 shares
Employee	0 shares	0 shares
Others
Total	20,65,200 shares	18,96,000 shares

Bids Received (Subscription)

GPES Solar IPO subscribed 856.21x in total, whereas Magenta Lifecare IPO subscribed 983.19x.

	GPES Solar IPO	Magenta Lifecare IPO
QIB (times)	236.64x
NII (times)	1,824.87x	1,145.78x
Big NII (times)
Small NII (times)
RII (times)	793.20x	778.41x
Employee (times)
Other (times)
Total (times)	856.21x	983.19x

Compare with others

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

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