Magenta Lifecare IPO vs Sattrix IPO

Comparision between Magenta Lifecare IPO and Sattrix IPO.

IPO Details

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

	Magenta Lifecare IPO	Sattrix 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	Isk Advisors Pvt Ltd
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Sunflower Broking 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 Sattrix IPO is up to ₹21.78 Cr. The final issue price of Magenta Lifecare IPO is ₹35.00 per share and of Sattrix IPO is ₹121.00 per share.

	Magenta Lifecare IPO	Sattrix IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹35.00 per share	₹121.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1000 shares
Fresh Issue Size	20,00,000 shares	18,00,000 shares
Fresh Issue Size (Amount)	up to ₹7.00 Cr	up to ₹21.78 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	20,00,000 shares	18,00,000 shares
Issue Size Total (Amount)	up to ₹7.00 Cr	up to ₹21.78 Cr

IPO Timetable

Magenta Lifecare IPO opens on Jun 05, 2024, while Sattrix IPO opens on Jun 05, 2024. The closing date of Magenta Lifecare IPO and Sattrix IPO is Jun 07, 2024, and Jun 07, 2024, respectively.

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

Financials

Magenta Lifecare IPO P/E ratio is 69.43, as compared to Sattrix IPO P/E ratio of 15.12.

Magenta Lifecare IPO

Sattrix 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

Sattrix Information Security Limited Financial Information (Restated Consolidated)

Sattrix Information Security Limited's revenue increased by 60.76% and profit after tax (PAT) rose by 86.86% 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	2,462.28	2,567.06	1,449.07	950.32
Revenue	3,061.61	3,775.65	2,348.69	2,120.23
Profit After Tax	250.71	400.12	214.13	193.83
Net Worth	1,446.96	1,194.02	776.51	557.12
Reserves and Surplus	946.96	1,193.02	775.51	556.12
Total Borrowing	384.77	194.55	235.88	44.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

84.06%

100.00%

Promoter Shareholding (Post-Issue)

59.59%

P/E Ratio

69.43

15.12

Market Cap

₹24.04 Cr.

₹82.28 Cr.

ROE

5.62%%

18.99%%

ROCE

13.41%%

20.93%%

Debt/Equity

0.27

EPS

₹0.50

₹8.00

RoNW

3.84%%

17.33%%

Shares Offered

In the Magenta Lifecare IPO retail investors (RII) are offered 9,48,000 shares while in Sattrix 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 Sattrix IPO.

	Magenta Lifecare IPO	Sattrix IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,04,000 shares	92,000 shares
QIB	0 shares	0 shares
NII	9,48,000 shares	8,54,000 shares
RII	9,48,000 shares	8,54,000 shares
Employee	0 shares	0 shares
Others
Total	18,96,000 shares	17,08,000 shares

Bids Received (Subscription)

Magenta Lifecare IPO subscribed 983.19x in total, whereas Sattrix IPO subscribed 70.44x.

	Magenta Lifecare IPO	Sattrix IPO
QIB (times)
NII (times)	1,145.78x	87.88x
Big NII (times)
Small NII (times)
RII (times)	778.41x	37.76x
Employee (times)
Other (times)
Total (times)	983.19x	70.44x

Compare with others

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

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