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GEM Enviro Management IPO vs Magenta Lifecare IPO

Comparison between GEM Enviro Management IPO and Magenta Lifecare IPO.

IPO Details

GEM Enviro Management 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.

 GEM Enviro Management IPOMagenta Lifecare IPO
LogoGEM Enviro Management IPO LogoMagenta Lifecare IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersFintellectual Corporate Advisors Pvt.Ltd.Fedex Securities Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerShare India Securities Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of GEM Enviro Management IPO is up to ₹42.36 Cr whereas the issue size of the Magenta Lifecare IPO is up to ₹6.64 Cr. The final issue price of GEM Enviro Management IPO is ₹75.00 per share and of Magenta Lifecare IPO is ₹35.00 per share.

 GEM Enviro Management IPOMagenta Lifecare IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹71.00 per share
Issue Price (Upper)₹75.00 per share
Issue Price (Final)₹75.00 per share₹35.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares4000 shares
Fresh Issue Size11,55,200 shares18,96,000 shares
Fresh Issue Size (Amount)up to ₹8.66 Crup to ₹6.64 Cr
OFS Issue Size44,92,800 shares0 shares
OFS Issue Size (Amount)up to ₹33.70 Crup to ₹0.00 Cr
Issue Size Total56,48,000 shares18,96,000 shares
Issue Size Total (Amount)up to ₹42.36 Crup to ₹6.64 Cr

IPO Timetable

GEM Enviro Management IPO opens on Jun 19, 2024, while Magenta Lifecare IPO opens on Jun 05, 2024. The closing date of GEM Enviro Management IPO and Magenta Lifecare IPO is Jun 21, 2024, and Jun 07, 2024, respectively.

 GEM Enviro Management 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

GEM Enviro Management IPO P/E ratio is 15.76, as compared to Magenta Lifecare IPO P/E ratio of 69.43.

 GEM Enviro Management IPOMagenta Lifecare IPO
Financials

GEM Enviro Management Limited Financial Information (Restated)

GEM Enviro Management Limited's revenue increased by 30.05% and profit after tax (PAT) rose by 34.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,994.753,574.932,684.521,895.51
Total Income2,639.114,280.573,291.482,560.58
Profit After Tax840.421,001.82745.23583.38
Net Worth3,103.322,411.511,713.571,015.14
Reserves and Surplus2,050.682,380.551,677.57979.14
Total Borrowing2.002.00
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)73.4459.59
P/E Ratio15.7669.43
Market Cap₹169.13 Cr.₹24.04 Cr.
ROE30.48%5.62%
ROCE36.55%13.41%
Debt/Equity
EPS₹4.76₹0.50
RoNW30.48%3.84%

Shares Offered

In the GEM Enviro Management IPO Retail Individual Investors (RII) are offered 19,77,600 shares while in Magenta Lifecare IPO retail investors are offered 19,77,600 shares. Qualified Institutional Buyers (QIB) are offered 11,29,600 shares in GEM Enviro Management IPO and in Magenta Lifecare IPO.

 GEM Enviro Management IPOMagenta Lifecare IPO
Anchor Investor Reserveration16,92,800 shares
Market Maker Reserveration3,42,400 shares1,04,000 shares
QIB11,29,600 shares
NII8,48,000 shares9,48,000 shares
RII19,77,600 shares9,48,000 shares
Employee
Others
Total56,48,000 shares18,96,000 shares

Bids Received (Subscription)

GEM Enviro Management IPO subscribed 265.13x in total, whereas Magenta Lifecare IPO subscribed 983.19x.

 GEM Enviro Management IPOMagenta Lifecare IPO
QIB (times)160.22x
NII (times)462.89x1,145.78x
Big NII (times)
Small NII (times)
RII (times)240.25x778.41x
Employee (times)
Other (times)
Total (times)265.13x983.19x