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Durlax Top Surface IPO vs Magenta Lifecare IPO

Comparison between Durlax Top Surface IPO and Magenta Lifecare IPO.

IPO Details

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 IPOMagenta Lifecare IPO
LogoDurlax Top Surface IPO LogoMagenta Lifecare IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.Fedex Securities Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerGlobalworth 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 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 IPOMagenta 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
Market Lot Size2000 shares4000 shares
Fresh Issue Size39,00,000 shares18,96,000 shares
Fresh Issue Size (Amount)up to ₹26.52 Crup to ₹6.64 Cr
OFS Issue Size18,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹12.24 Crup to ₹0.00 Cr
Issue Size Total57,00,000 shares18,96,000 shares
Issue Size Total (Amount)up to ₹38.76 Crup to ₹6.64 Cr

IPO Timetable

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 IPOMagenta Lifecare IPO
Anchor Bid DateJun 18, 2024
Issue OpenJun 19, 2024Jun 05, 2024
Issue CloseJun 21, 2024Jun 07, 2024
Basis Of Allotment (Tentative)Jun 24, 2024Jun 10, 2024
Initiation of Refunds (Tentative)Jun 25, 2024Jun 11, 2024
Credit of Share (Tentative)Jun 25, 2024Jun 11, 2024
Listing date (Tentative)Jun 26, 2024Jun 12, 2024
Anchor Lockin End date 1Jul 24, 2024
Anchor Lockin End date 2Sep 22, 2024

Financials & KPIs

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 IPOMagenta Lifecare IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets105.5476.7371.68
Total Income90.8466.8447.42
Profit After Tax5.052.090.48
NET Worth21.8416.7112.92
Reserves and Surplus9.424.3112.77
Total Borrowing60.7136.9139.30
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)95.44%84.06%
Promoter Shareholding (Post-Issue)60.35%59.59%
P/E Ratio16.7369.43
Market Cap₹113.07 Cr.₹24.04 Cr.
ROE26.205.62
ROCE20.2013.41
Debt/Equity2.78
EPS₹4.06₹0.50
RoNW23.123.84

Shares Offered

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 IPOMagenta Lifecare IPO
Anchor Investor Reservation5,92,000 shares
Market Maker Reservation3,00,000 shares1,04,000 shares
QIB22,52,000 shares
NII8,56,000 shares9,48,000 shares
RII20,00,000 shares9,48,000 shares
Employee0 shares
Total57,00,000 shares18,96,000 shares

Bids Received (Subscription)

Durlax Top Surface IPO subscribed 149.46x in total, whereas Magenta Lifecare IPO subscribed 962.09x.

 Durlax Top Surface IPOMagenta Lifecare IPO
QIB (times)48.29x
NII (times)415.06x1,145.78x
RII (times)193.95x778.41x
Total (times)149.46x962.09x

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Compare:

Durlax Top Surface IPO Vs Magenta Lifecare IPO