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3C IT Solutions IPO vs Magenta Lifecare IPO

Comparison between 3C IT Solutions IPO and Magenta Lifecare IPO.

IPO Details

3C IT Solutions IPO is a SME Fixed Price IPO proposed to list at BSE SME while Magenta Lifecare IPO is a SME Fixed Price proposed to list at BSE SME.

 3C IT Solutions IPOMagenta Lifecare IPO
Logo3C IT Solutions IPO LogoMagenta Lifecare IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersKreo Capital Pvt.Ltd.Fedex Securities Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerShreni Shares Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of 3C IT Solutions IPO is up to ₹10.86 Cr whereas the issue size of the Magenta Lifecare IPO is up to ₹6.64 Cr. The final issue price of 3C IT Solutions IPO is ₹52.00 per share and of Magenta Lifecare IPO is ₹35.00 per share.

 3C IT Solutions IPOMagenta Lifecare IPO
Face Value₹5 per share₹10 per share
Issue Price (Final)₹52.00 per share₹35.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares4000 shares
Fresh Issue Size15,88,000 shares18,96,000 shares
Fresh Issue Size (Amount)up to ₹8.26 Crup to ₹6.64 Cr
OFS Issue Size5,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹2.60 Crup to ₹0.00 Cr
Issue Size Total20,88,000 shares18,96,000 shares
Issue Size Total (Amount)up to ₹10.86 Crup to ₹6.64 Cr

IPO Timetable

3C IT Solutions IPO opens on Jun 04, 2024, while Magenta Lifecare IPO opens on Jun 05, 2024. The closing date of 3C IT Solutions IPO and Magenta Lifecare IPO is Jun 07, 2024, and Jun 07, 2024, respectively.

 3C IT Solutions IPOMagenta Lifecare IPO
Issue OpenJun 04, 2024Jun 05, 2024
Issue CloseJun 07, 2024Jun 07, 2024
Basis Of Allotment (Tentative)Jun 10, 2024Jun 10, 2024
Initiation of Refunds (Tentative)Jun 11, 2024Jun 11, 2024
Credit of Share (Tentative)Jun 11, 2024Jun 11, 2024
Listing date (Tentative)Jun 12, 2024Jun 12, 2024

Financials & KPIs

3C IT Solutions IPO P/E ratio is 5.86, as compared to Magenta Lifecare IPO P/E ratio of 69.43.

 3C IT Solutions IPOMagenta Lifecare IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets18.9828.8634.6518.36
Total Income23.5662.9366.9440.64
Profit After Tax0.511.141.110.86
NET Worth4.604.102.611.50
Reserves and Surplus2.443.742.601.49
Total Borrowing5.9213.4010.403.98
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets15.0612.5114.1614.60
Total Income6.319.559.389.66
Profit After Tax0.240.250.190.19
NET Worth6.345.213.621.43
Reserves and Surplus1.473.672.200.21
Total Borrowing4.484.537.589.83
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)72.00%84.06%
Promoter Shareholding (Post-Issue)51.66%59.59%
P/E Ratio5.8669.43
Market Cap₹31.30 Cr.₹24.04 Cr.
ROE5.62
ROCE13.41
EPS₹8.87₹0.50
RoNW10.983.84

Shares Offered

In the 3C IT Solutions IPO Retail Individual Investors (RII) are offered 10,44,000 shares while in Magenta Lifecare IPO retail investors are offered 10,44,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in 3C IT Solutions IPO and in Magenta Lifecare IPO.

 3C IT Solutions IPOMagenta Lifecare IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,12,000 shares1,04,000 shares
QIB0 shares
NII10,44,000 shares9,48,000 shares
RII10,44,000 shares9,48,000 shares
Employee0 shares
Total20,88,000 shares18,96,000 shares

Bids Received (Subscription)

3C IT Solutions IPO subscribed 20.21x in total, whereas Magenta Lifecare IPO subscribed 962.09x.

 3C IT Solutions IPOMagenta Lifecare IPO
NII (times)10.63x1,145.78x
RII (times)29.79x778.41x
Total (times)20.21x962.09x

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3C IT Solutions IPOMagenta Lifecare IPO
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Compare:

3C IT Solutions IPO Vs Magenta Lifecare IPO