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GP Eco Solutions IPO vs Magenta Lifecare IPO

Comparison between GP Eco Solutions IPO and Magenta Lifecare IPO.

IPO Details

GP Eco Solutions IPO is a SME Fixed Price IPO proposed to list at NSE SME while Magenta Lifecare IPO is a SME Fixed Price proposed to list at BSE SME.

 GP Eco Solutions IPOMagenta Lifecare IPO
LogoGP Eco Solutions IPO LogoMagenta Lifecare IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersCorporate Capital Ventures Pvt.Ltd.Fedex Securities Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerSS Corporate Securities Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of GP Eco Solutions IPO is up to ₹27.71 Cr whereas the issue size of the Magenta Lifecare IPO is up to ₹6.64 Cr. The final issue price of GP Eco Solutions IPO is ₹94.00 per share and of Magenta Lifecare IPO is ₹35.00 per share.

 GP Eco Solutions IPOMagenta Lifecare IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹90.00 per share
Issue Price (Upper)₹94.00 per share
Issue Price (Final)₹94.00 per share₹35.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares4000 shares
Fresh Issue Size29,48,400 shares18,96,000 shares
Fresh Issue Size (Amount)up to ₹27.71 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 Total29,48,400 shares18,96,000 shares
Issue Size Total (Amount)up to ₹27.71 Crup to ₹6.64 Cr

IPO Timetable

GP Eco Solutions IPO opens on Jun 14, 2024, while Magenta Lifecare IPO opens on Jun 05, 2024. The closing date of GP Eco Solutions IPO and Magenta Lifecare IPO is Jun 19, 2024, and Jun 07, 2024, respectively.

 GP Eco Solutions IPOMagenta Lifecare IPO
Anchor Bid DateJun 13, 2024
Issue OpenJun 14, 2024Jun 05, 2024
Issue CloseJun 19, 2024Jun 07, 2024
Basis Of Allotment (Tentative)Jun 20, 2024Jun 10, 2024
Initiation of Refunds (Tentative)Jun 21, 2024Jun 11, 2024
Credit of Share (Tentative)Jun 21, 2024Jun 11, 2024
Listing date (Tentative)Jun 24, 2024Jun 12, 2024
Anchor Lockin End date 1Jul 20, 2024
Anchor Lockin End date 2Sep 18, 2024

Financials & KPIs

GP Eco Solutions IPO P/E ratio is 21.44, as compared to Magenta Lifecare IPO P/E ratio of 69.43.

 GP Eco Solutions IPOMagenta Lifecare IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets47.2947.1519.0514.30
Total Income78.59104.4883.5346.53
Profit After Tax4.733.702.770.97
NET Worth12.988.254.551.78
Reserves and Surplus5.788.054.351.58
Total Borrowing15.4513.175.183.51
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)86.4%84.06%
Promoter Shareholding (Post-Issue)62.23%59.59%
P/E Ratio21.4469.43
Market Cap₹110.08 Cr.₹24.04 Cr.
ROE44.595.62
ROCE26.5113.41
Debt/Equity1.11
EPS₹4.38₹0.50
RoNW42.703.84

Shares Offered

In the GP Eco Solutions IPO Retail Individual Investors (RII) are offered 10,32,000 shares while in Magenta Lifecare IPO retail investors are offered 10,32,000 shares. Qualified Institutional Buyers (QIB) are offered 5,89,200 shares in GP Eco Solutions IPO and in Magenta Lifecare IPO.

 GP Eco Solutions IPOMagenta Lifecare IPO
Anchor Investor Reservation8,83,200 shares
Market Maker Reservation3,27,600 shares1,04,000 shares
QIB5,89,200 shares
NII4,44,000 shares9,48,000 shares
RII10,32,000 shares9,48,000 shares
Total29,48,400 shares18,96,000 shares

Bids Received (Subscription)

GP Eco Solutions IPO subscribed 599.73x in total, whereas Magenta Lifecare IPO subscribed 962.09x.

 GP Eco Solutions IPOMagenta Lifecare IPO
QIB (times)236.64x
NII (times)1,824.87x1,145.78x
RII (times)793.20x778.41x
Total (times)599.73x962.09x

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Compare:

GP Eco Solutions IPO Vs Magenta Lifecare IPO