Magenta Lifecare IPO vs Ztech India IPO

Comparision between Magenta Lifecare IPO and Ztech India IPO.

IPO Details

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

	Magenta Lifecare IPO	Ztech India 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	Narnolia Financial Services Ltd
Registrar	Cameo Corporate Services Limited	Maashitla Securities Private Limited
Market Maker	Sunflower Broking Private Limited	Nvs Brokerage 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 Magenta Lifecare IPO is up to ₹7.00 Cr whereas the issue size of the Ztech India IPO is up to ₹37.30 Cr. The final issue price of Magenta Lifecare IPO is ₹35.00 per share and of Ztech India IPO is ₹110.00 per share.

	Magenta Lifecare IPO	Ztech India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹104.00 per share
Issue Price (Upper)		₹110.00 per share
Issue Price (Final)	₹35.00 per share	₹110.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1200 shares
Fresh Issue Size	20,00,000 shares	33,91,200 shares
Fresh Issue Size (Amount)	up to ₹7.00 Cr	up to ₹37.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	20,00,000 shares	33,91,200 shares
Issue Size Total (Amount)	up to ₹7.00 Cr	up to ₹37.30 Cr

IPO Timetable

Magenta Lifecare IPO opens on Jun 05, 2024, while Ztech India IPO opens on May 29, 2024. The closing date of Magenta Lifecare IPO and Ztech India IPO is Jun 07, 2024, and May 31, 2024, respectively.

	Magenta Lifecare IPO	Ztech India IPO
Anchor Bid Date		May 28, 2024
Issue Open	Jun 05, 2024	May 29, 2024
Issue Close	Jun 07, 2024	May 31, 2024
Basis Of Allotment (Tentative)	Jun 10, 2024	Jun 03, 2024
Initiation of Refunds (Tentative)	Jun 11, 2024	Jun 05, 2024
Credit of Share (Tentative)	Jun 11, 2024	Jun 05, 2024
Listing date (Tentative)	Jun 12, 2024	Jun 05, 2024
Anchor Lockin End date 1		Jul 03, 2024
Anchor Lockin End date 2		Sep 01, 2024

Financials

Magenta Lifecare IPO P/E ratio is 69.43, as compared to Ztech India IPO P/E ratio of 13.27.

Magenta Lifecare IPO

Ztech India 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

Ztech India Limited Financial Information (Restated Consolidated)

Ztech India Limited's revenue increased by 160.28% and profit after tax (PAT) rose by 296.44% 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	4,192.24	2,339.62	1,925.11	1,973.14
Revenue	6,737.02	2,588.40	3,083.89	2,395.67
Profit After Tax	779.83	196.71	8.42	64.62
Net Worth	2,191.00	998.95	802.24	793.82
Reserves and Surplus	1,250.39	888.95	692.25	683.82
Total Borrowing	130.84	71.03	71.74	93.75
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

84.06%

82.65%

Promoter Shareholding (Post-Issue)

59.59%

60.75%

P/E Ratio

69.43

13.27

Market Cap

₹24.04 Cr.

₹140.77 Cr.

ROE

5.62%%

34%%

ROCE

13.41%%

44.02%%

Debt/Equity

0.06

EPS

₹0.50

₹8.29

RoNW

3.84%%

34%%

Shares Offered

In the Magenta Lifecare IPO retail investors (RII) are offered 9,48,000 shares while in Ztech India IPO retail investors are offered 9,48,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Magenta Lifecare IPO and 6,44,400 shares in Ztech India IPO.

	Magenta Lifecare IPO	Ztech India IPO
Anchor Investor Reserveration		9,64,800 shares
Market Maker Reserveration	1,04,000 shares	1,70,400 shares
QIB	0 shares	6,44,400 shares
NII	9,48,000 shares	4,83,600 shares
RII	9,48,000 shares	11,28,000 shares
Employee	0 shares	0 shares
Others
Total	18,96,000 shares	22,56,000 shares

Bids Received (Subscription)

Magenta Lifecare IPO subscribed 983.19x in total, whereas Ztech India IPO subscribed 371.39x.

	Magenta Lifecare IPO	Ztech India IPO
QIB (times)		123.10x
NII (times)	1,145.78x	832.37x
Big NII (times)
Small NII (times)
RII (times)	778.41x	315.59x
Employee (times)
Other (times)
Total (times)	983.19x	371.39x

Compare with others

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

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