Magenta Lifecare IPO vs United Cotfab IPO

Comparision between Magenta Lifecare IPO and United Cotfab IPO.

IPO Details

Magenta Lifecare IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while United Cotfab IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Magenta Lifecare IPO	United Cotfab 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	Fedex Securities�Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Cameo Corporate Services Limited	Purva Sharegistry India Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Spread X Securities 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 Magenta Lifecare IPO is up to ₹7.00 Cr whereas the issue size of the United Cotfab IPO is up to ₹36.29 Cr. The final issue price of Magenta Lifecare IPO is ₹35.00 per share and of United Cotfab IPO is ₹70.00 per share.

	Magenta Lifecare IPO	United Cotfab IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹35.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	20,00,000 shares	51,84,000 shares
Fresh Issue Size (Amount)	up to ₹7.00 Cr	up to ₹36.29 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	20,00,000 shares	51,84,000 shares
Issue Size Total (Amount)	up to ₹7.00 Cr	up to ₹36.29 Cr

IPO Timetable

Magenta Lifecare IPO opens on Jun 05, 2024, while United Cotfab IPO opens on Jun 13, 2024. The closing date of Magenta Lifecare IPO and United Cotfab IPO is Jun 07, 2024, and Jun 19, 2024, respectively.

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

Financials

Magenta Lifecare IPO P/E ratio is 69.43, as compared to United Cotfab IPO P/E ratio of 9.7.

Magenta Lifecare IPO

United Cotfab 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

United Cotfab Limited Financial Information (Restated)

United Cotfab Limited's revenue increased by 17945.52% and profit after tax (PAT) rose by 6121.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,168.46	5,367.71	1,559.95	107.10
Revenue	11,552.74	64.02	1.88
Profit After Tax	866.65	13.93	1.60	-0.11
Net Worth	1,356.42	993.56	681.97	0.22
Reserves and Surplus	188.10
Total Borrowing	4,750.93	3,821.18	773.47	106.50
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

84.06%

100.00%

Promoter Shareholding (Post-Issue)

59.59%

69.84%

P/E Ratio

69.43

9.7

Market Cap

₹24.04 Cr.

₹120.33 Cr.

ROE

5.62%%

72.76%%

ROCE

13.41%%

26.95%%

Debt/Equity

3.42

EPS

₹0.50

₹7.22

RoNW

3.84%%

63.89%%

Shares Offered

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

	Magenta Lifecare IPO	United Cotfab IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,04,000 shares	2,60,000 shares
QIB	0 shares	0 shares
NII	9,48,000 shares	24,62,000 shares
RII	9,48,000 shares	24,62,000 shares
Employee	0 shares	0 shares
Others
Total	18,96,000 shares	49,24,000 shares

Bids Received (Subscription)

Magenta Lifecare IPO subscribed 983.19x in total, whereas United Cotfab IPO subscribed 107.16x.

	Magenta Lifecare IPO	United Cotfab IPO
QIB (times)
NII (times)	1,145.78x	114.71x
Big NII (times)
Small NII (times)
RII (times)	778.41x	77.22x
Employee (times)
Other (times)
Total (times)	983.19x	107.16x

Compare with others

Magenta Lifecare IPO	United Cotfab 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	GPES Solar 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	TBI Corn IPO

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