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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 Magenta Lifecare IPO Logo 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 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

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 Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets4,192.242,339.621,925.111,973.14
Revenue6,737.022,588.403,083.892,395.67
Profit After Tax779.83196.718.4264.62
Net Worth2,191.00998.95802.24793.82
Reserves and Surplus1,250.39888.95692.25683.82
Total Borrowing130.8471.0371.7493.75
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

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