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Associated Coaters IPO vs Magenta Lifecare IPO

Comparison between Associated Coaters IPO and Magenta Lifecare IPO.

IPO Details

Associated Coaters 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.

 Associated Coaters IPOMagenta Lifecare IPO
LogoAssociated Coaters IPO LogoMagenta Lifecare IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersGretex Corporate Services Ltd.Fedex Securities Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Associated Coaters IPO is up to ₹4.31 Cr whereas the issue size of the Magenta Lifecare IPO is up to ₹6.64 Cr. The final issue price of Associated Coaters IPO is ₹121.00 per share and of Magenta Lifecare IPO is ₹35.00 per share.

 Associated Coaters IPOMagenta Lifecare IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹121.00 per share₹35.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares4000 shares
Fresh Issue Size3,56,000 shares18,96,000 shares
Fresh Issue Size (Amount)up to ₹4.31 Crup to ₹6.64 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total3,56,000 shares18,96,000 shares
Issue Size Total (Amount)up to ₹4.31 Crup to ₹6.64 Cr

IPO Timetable

Associated Coaters IPO opens on May 30, 2024, while Magenta Lifecare IPO opens on Jun 05, 2024. The closing date of Associated Coaters IPO and Magenta Lifecare IPO is Jun 03, 2024, and Jun 07, 2024, respectively.

 Associated Coaters IPOMagenta Lifecare IPO
Anchor Bid Date
Issue OpenMay 30, 2024Jun 05, 2024
Issue CloseJun 03, 2024Jun 07, 2024
Basis Of Allotment (Tentative)Jun 04, 2024Jun 10, 2024
Initiation of Refunds (Tentative)Jun 05, 2024Jun 11, 2024
Credit of Share (Tentative)Jun 05, 2024Jun 11, 2024
Listing date (Tentative)Jun 06, 2024Jun 12, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Associated Coaters IPO P/E ratio is 20.72, as compared to Magenta Lifecare IPO P/E ratio of 69.43.

 Associated Coaters IPOMagenta Lifecare IPO
Financials

Associated Coaters Limited Financial Information (Restated)

Associated Coaters Limited's revenue increased by 157.47% and profit after tax (PAT) rose by 297.22% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets364.74296.12201.812.72
Total Income397.00358.94139.41
Profit After Tax75.7754.3013.67-0.14
Net Worth141.1170.3416.052.38
Reserves and Surplus48.1167.3413.05-0.62
Total Borrowing9.909.9010.100.20
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
Total Income630.74955.29938.47966.14
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)100.0084.06
Promoter Shareholding (Post-Issue)68.7959.59
P/E Ratio20.7269.43
Market Cap₹16.36 Cr.₹24.04 Cr.
ROE71.66%5.62%
ROCE68.30%13.41%
Debt/Equity0.07
EPS₹5.84₹0.50
RoNW53.69%3.84%

Shares Offered

In the Associated Coaters IPO Retail Individual Investors (RII) are offered 1,78,000 shares while in Magenta Lifecare IPO retail investors are offered 1,78,000 shares. Qualified Institutional Buyers (QIB) are offered in Associated Coaters IPO and in Magenta Lifecare IPO.

 Associated Coaters IPOMagenta Lifecare IPO
Anchor Investor Reserveration
Market Maker Reserveration66,000 shares1,04,000 shares
QIB
NII1,78,000 shares9,48,000 shares
RII1,78,000 shares9,48,000 shares
Employee
Others
Total3,56,000 shares18,96,000 shares

Bids Received (Subscription)

Associated Coaters IPO subscribed 371.14x in total, whereas Magenta Lifecare IPO subscribed 983.19x.

 Associated Coaters IPOMagenta Lifecare IPO
QIB (times)
NII (times)239.63x1,145.78x
Big NII (times)
Small NII (times)
RII (times)494.99x778.41x
Employee (times)
Other (times)
Total (times)371.14x983.19x