Comparison between Durlax Top Surface IPO and Magenta Lifecare IPO.
Durlax Top Surface 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.
| Durlax Top Surface IPO | Magenta Lifecare IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Expert Global Consultants Pvt.Ltd. | Fedex Securities Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Globalworth Securities Ltd. | Sunflower Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Durlax Top Surface IPO is up to ₹38.76 Cr whereas the issue size of the Magenta Lifecare IPO is up to ₹6.64 Cr. The final issue price of Durlax Top Surface IPO is ₹68.00 per share and of Magenta Lifecare IPO is ₹35.00 per share.
| Durlax Top Surface IPO | Magenta Lifecare IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹65.00 per share | |
| Issue Price (Upper) | ₹68.00 per share | |
| Issue Price (Final) | ₹68.00 per share | ₹35.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 4000 shares |
| Fresh Issue Size | 39,00,000 shares | 18,96,000 shares |
| Fresh Issue Size (Amount) | up to ₹26.52 Cr | up to ₹6.64 Cr |
| OFS Issue Size | 18,00,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹12.24 Cr | up to ₹0.00 Cr |
| Issue Size Total | 57,00,000 shares | 18,96,000 shares |
| Issue Size Total (Amount) | up to ₹38.76 Cr | up to ₹6.64 Cr |
Durlax Top Surface IPO opens on Jun 19, 2024, while Magenta Lifecare IPO opens on Jun 05, 2024. The closing date of Durlax Top Surface IPO and Magenta Lifecare IPO is Jun 21, 2024, and Jun 07, 2024, respectively.
| Durlax Top Surface IPO | Magenta Lifecare IPO | |
|---|---|---|
| Anchor Bid Date | Jun 18, 2024 | |
| 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 | Jul 24, 2024 | |
| Anchor Lockin End date 2 | Sep 22, 2024 |
Durlax Top Surface IPO P/E ratio is 16.73, as compared to Magenta Lifecare IPO P/E ratio of 69.43.
| Durlax Top Surface IPO | Magenta Lifecare IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Durlax Top Surface Limited Financial Information (Restated)Durlax Top Surface Limited's revenue increased by 35.9% and profit after tax (PAT) rose by 141.15% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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.
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| Promoter Shareholding (Pre-Issue) | 95.44 | 84.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.35 | 59.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.73 | 69.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹113.07 Cr. | ₹24.04 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 26.20% | 5.62% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 20.20% | 13.41% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.78 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.06 | ₹0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.12% | 3.84% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Durlax Top Surface IPO Retail Individual Investors (RII) are offered 20,00,000 shares while in Magenta Lifecare IPO retail investors are offered 20,00,000 shares. Qualified Institutional Buyers (QIB) are offered 22,52,000 shares in Durlax Top Surface IPO and in Magenta Lifecare IPO.
| Durlax Top Surface IPO | Magenta Lifecare IPO | |
|---|---|---|
| Anchor Investor Reserveration | 5,92,000 shares | |
| Market Maker Reserveration | 3,00,000 shares | 1,04,000 shares |
| QIB | 22,52,000 shares | |
| NII | 8,56,000 shares | 9,48,000 shares |
| RII | 20,00,000 shares | 9,48,000 shares |
| Employee | ||
| Others | ||
| Total | 57,00,000 shares | 18,96,000 shares |
Durlax Top Surface IPO subscribed 166.79x in total, whereas Magenta Lifecare IPO subscribed 983.19x.
| Durlax Top Surface IPO | Magenta Lifecare IPO | |
|---|---|---|
| QIB (times) | 48.29x | |
| NII (times) | 415.06x | 1,145.78x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 193.95x | 778.41x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 166.79x | 983.19x |
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