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GEM Enviro IPO vs Magenta Lifecare IPO

Comparision between GEM Enviro IPO and Magenta Lifecare IPO.

IPO Details

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

  GEM Enviro IPO Magenta Lifecare IPO
Logo GEM Enviro IPO Logo Magenta Lifecare IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Share India Capital Services Private Limited

Fintellectual Corporate Advisors Private Limited
Fedex Securities Pvt Ltd
Registrar Skyline Financial Services Private Ltd Cameo Corporate Services Limited
Market Maker Share India 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 GEM Enviro IPO is up to ₹44.93 Cr whereas the issue size of the Magenta Lifecare IPO is up to ₹7.00 Cr. The final issue price of GEM Enviro IPO is ₹75.00 per share and of Magenta Lifecare IPO is ₹35.00 per share.

  GEM Enviro IPO Magenta Lifecare IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower) ₹71.00 per share
Issue Price (Upper) ₹75.00 per share
Issue Price (Final) ₹75.00 per share ₹35.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 4000 shares
Fresh Issue Size 14,97,600 shares 20,00,000 shares
Fresh Issue Size (Amount) up to ₹11.23 Cr up to ₹7.00 Cr
OFS Issue Size 44,92,800 shares
OFS Issue Size (Amount) up to ₹33.70 Cr
Issue Size Total 59,90,400 shares 20,00,000 shares
Issue Size Total (Amount) up to ₹44.93 Cr up to ₹7.00 Cr

IPO Timetable

GEM Enviro IPO opens on Jun 19, 2024, while Magenta Lifecare IPO opens on Jun 05, 2024. The closing date of GEM Enviro IPO and Magenta Lifecare IPO is Jun 21, 2024, and Jun 07, 2024, respectively.

  GEM Enviro IPO Magenta Lifecare IPO
Anchor Bid Date
Issue Open Jun 19, 2024 Jun 05, 2024
Issue Close Jun 21, 2024 Jun 07, 2024
Basis Of Allotment (Tentative) Jun 24, 2024 Jun 10, 2024
Initiation of Refunds (Tentative) Jun 25, 2024 Jun 11, 2024
Credit of Share (Tentative) Jun 25, 2024 Jun 11, 2024
Listing date (Tentative) Jun 26, 2024 Jun 12, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

GEM Enviro IPO P/E ratio is 15.76, as compared to Magenta Lifecare IPO P/E ratio of 69.43.

  GEM Enviro IPO Magenta Lifecare IPO
Financial

GEM Enviro Management Limited Financial Information (Restated)

GEM Enviro Management Limited's revenue increased by 30.05% and profit after tax (PAT) rose by 34.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,994.753,574.932,684.521,895.51
Revenue2,639.114,280.573,291.482,560.58
Profit After Tax840.421,001.82745.23583.38
Net Worth3,103.322,411.511,713.571,015.14
Reserves and Surplus2,050.682,380.551,677.57979.14
Total Borrowing2.002.00
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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,505.711,250.931,415.601,459.78
Revenue630.74955.29938.47966.14
Profit After Tax24.3624.5518.8919.44
Net Worth634.18520.81361.73142.85
Reserves and Surplus147.19366.57219.7220.84
Total Borrowing447.83453.01757.53982.73
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 84.06%
Promoter Shareholding (Post-Issue) 73.44% 59.59%
P/E Ratio 15.76 69.43
Market Cap ₹169.13 Cr. ₹24.04 Cr.
ROE 30.48%% 5.62%%
ROCE 36.55%% 13.41%%
Debt/Equity
EPS ₹4.76 ₹0.50
RoNW 30.48%% 3.84%%

Shares Offered

In the GEM Enviro IPO retail investors (RII) are offered 19,77,600 shares while in Magenta Lifecare IPO retail investors are offered 19,77,600 shares. Qualified institutional buyers (QIB) are offered 11,29,600 shares in GEM Enviro IPO and 0 shares in Magenta Lifecare IPO.

  GEM Enviro IPO Magenta Lifecare IPO
Anchor Investor Reserveration 16,92,800 shares
Market Maker Reserveration 3,42,400 shares 1,04,000 shares
QIB 11,29,600 shares 0 shares
NII 8,48,000 shares 9,48,000 shares
RII 19,77,600 shares 9,48,000 shares
Employee 0 shares 0 shares
Others
Total 39,55,200 shares 18,96,000 shares

Bids Received (Subscription)

GEM Enviro IPO subscribed 265.13x in total, whereas Magenta Lifecare IPO subscribed 983.19x.

  GEM Enviro IPO Magenta Lifecare IPO
QIB (times) 160.22x
NII (times) 462.89x 1,145.78x
Big NII (times)
Small NII (times)
RII (times) 240.25x 778.41x
Employee (times)
Other (times)
Total (times) 265.13x 983.19x

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