Magenta Lifecare IPO vs TBI Corn IPO

Comparision between Magenta Lifecare IPO and TBI Corn IPO.

IPO Details

Magenta Lifecare IPO is a SME Book Built Issue IPO proposed to list at BSE SME while TBI Corn IPO is a SME Book Built Issue proposed to list at NSE SME.

	Magenta Lifecare IPO	TBI Corn IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Fedex Securities�Pvt Ltd	Swastika Investmart Ltd Ekadrisht Capital Private Limited
Registrar	Cameo Corporate Services Limited	Kfin Technologies Limited
Market Maker	Sunflower Broking Private Limited	Ss Corporate Securities 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 Magenta Lifecare IPO is up to ₹7.00 Cr whereas the issue size of the TBI Corn IPO is up to ₹44.94 Cr. The final issue price of Magenta Lifecare IPO is ₹35.00 per share and of TBI Corn IPO is ₹94.00 per share.

	Magenta Lifecare IPO	TBI Corn 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)	₹35.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1200 shares
Fresh Issue Size	20,00,000 shares	47,80,800 shares
Fresh Issue Size (Amount)	up to ₹7.00 Cr	up to ₹44.94 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	20,00,000 shares	47,80,800 shares
Issue Size Total (Amount)	up to ₹7.00 Cr	up to ₹44.94 Cr

IPO Timetable

Magenta Lifecare IPO opens on Jun 05, 2024, while TBI Corn IPO opens on May 31, 2024. The closing date of Magenta Lifecare IPO and TBI Corn IPO is Jun 07, 2024, and Jun 04, 2024, respectively.

	Magenta Lifecare IPO	TBI Corn IPO
Anchor Bid Date		May 30, 2024
Issue Open	Jun 05, 2024	May 31, 2024
Issue Close	Jun 07, 2024	Jun 04, 2024
Basis Of Allotment (Tentative)	Jun 10, 2024	Jun 05, 2024
Initiation of Refunds (Tentative)	Jun 11, 2024	Jun 06, 2024
Credit of Share (Tentative)	Jun 11, 2024	Jun 06, 2024
Listing date (Tentative)	Jun 12, 2024	Jun 07, 2024
Anchor Lockin End date 1		Jul 05, 2024
Anchor Lockin End date 2		Sep 03, 2024

Financials

Magenta Lifecare IPO P/E ratio is 69.43, as compared to TBI Corn IPO P/E ratio of 18.33.

Magenta Lifecare IPO

TBI Corn IPO

Financial

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

TBI Corn Limited Financial Information (Restated)

TBI Corn Limited's revenue increased by 39.07% and profit after tax (PAT) rose by 1419.24% 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	9,511.50	12,162.04	4,317.63	4,254.86
Revenue	10,196.53	14,042.63	10,097.26	6,776.38
Profit After Tax	766.45	686.09	45.16	23.93
Net Worth	4,067.70	2,677.81	683.24	512.42
Reserves and Surplus	2,729.94	1,677.49
Total Borrowing	5,137.13	6,352.82	2,549.48	2,300.94
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

84.06%

76.65%

Promoter Shareholding (Post-Issue)

59.59%

57.71%

P/E Ratio

69.43

18.33

Market Cap

₹24.04 Cr.

₹170.69 Cr.

ROE

5.62%%

18.84%%

ROCE

13.41%%

18.65%%

Debt/Equity

0.43

EPS

₹0.50

₹5.13

RoNW

3.84%%

18.84%%

Shares Offered

In the Magenta Lifecare IPO retail investors (RII) are offered 9,48,000 shares while in TBI Corn IPO retail investors are offered 9,48,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Magenta Lifecare IPO and 9,08,800 shares in TBI Corn IPO.

	Magenta Lifecare IPO	TBI Corn IPO
Anchor Investor Reserveration		13,58,400 shares
Market Maker Reserveration	1,04,000 shares	2,40,000 shares
QIB	0 shares	9,08,800 shares
NII	9,48,000 shares	6,81,600 shares
RII	9,48,000 shares	5,92,000 shares
Employee	0 shares	0 shares
Others
Total	18,96,000 shares	31,82,400 shares

Bids Received (Subscription)

Magenta Lifecare IPO subscribed 983.19x in total, whereas TBI Corn IPO subscribed 231.21x.

	Magenta Lifecare IPO	TBI Corn IPO
QIB (times)		81.41x
NII (times)	1,145.78x	516.50x
Big NII (times)
Small NII (times)
RII (times)	778.41x	523.29x
Employee (times)
Other (times)
Total (times)	983.19x	231.21x

Compare with others

Magenta Lifecare IPO	TBI Corn IPO
Durlax Top Surface IPO	United Cotfab IPO
GEM Enviro IPO	3C IT IPO
GPES Solar IPO	Magenta Lifecare IPO
United Cotfab IPO	Sattrix IPO
3C IT IPO	Associated Coaters IPO
Sattrix IPO	Ztech India IPO
Associated Coaters IPO	Aimtron Electronics IPO
TBI Corn IPO	Beacon Trusteeship IPO
Ztech India IPO	GSM Foils IPO
Aimtron Electronics IPO	Vilas Transcore IPO

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