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Magenta Lifecare IPO vs Z-Tech IPO

Comparison between Magenta Lifecare IPO and Z-Tech IPO.

IPO Details

Magenta Lifecare IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Z-Tech IPO is a SME Bookbuilding proposed to list at NSE SME.

 Magenta Lifecare IPOZ-Tech IPO
LogoMagenta Lifecare IPO LogoZ-Tech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.Narnolia Financial Services Ltd.
RegistrarCameo Corporate Services Ltd.Maashitla Securities Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.NVS Brokerage 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 Magenta Lifecare IPO is up to ₹6.64 Cr whereas the issue size of the Z-Tech IPO is up to ₹35.43 Cr. The final issue price of Magenta Lifecare IPO is ₹35.00 per share and of Z-Tech IPO is ₹110.00 per share.

 Magenta Lifecare IPOZ-Tech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹104.00 per share
Issue Price (Upper)₹110.00 per share
Issue Price (Final)₹35.00 per share₹110.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1200 shares
Fresh Issue Size18,96,000 shares32,20,800 shares
Fresh Issue Size (Amount)up to ₹6.64 Crup to ₹35.43 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total18,96,000 shares32,20,800 shares
Issue Size Total (Amount)up to ₹6.64 Crup to ₹35.43 Cr

IPO Timetable

Magenta Lifecare IPO opens on Jun 05, 2024, while Z-Tech IPO opens on May 29, 2024. The closing date of Magenta Lifecare IPO and Z-Tech IPO is Jun 07, 2024, and May 31, 2024, respectively.

 Magenta Lifecare IPOZ-Tech IPO
Anchor Bid DateMay 28, 2024
Issue OpenJun 05, 2024May 29, 2024
Issue CloseJun 07, 2024May 31, 2024
Basis Of Allotment (Tentative)Jun 10, 2024Jun 03, 2024
Initiation of Refunds (Tentative)Jun 11, 2024Jun 05, 2024
Credit of Share (Tentative)Jun 11, 2024Jun 05, 2024
Listing date (Tentative)Jun 12, 2024Jun 05, 2024
Anchor Lockin End date 1Jul 03, 2024
Anchor Lockin End date 2Sep 01, 2024

Financials & KPIs

Magenta Lifecare IPO P/E ratio is 69.43, as compared to Z-Tech IPO P/E ratio of 13.27.

 Magenta Lifecare IPOZ-Tech IPO
Financials

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

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets41.9223.4019.2519.73
Total Income67.3725.8830.8423.96
Profit After Tax7.801.970.080.65
NET Worth21.919.998.027.94
Reserves and Surplus12.508.896.926.84
Total Borrowing1.310.710.720.94
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)84.0682.65
Promoter Shareholding (Post-Issue)59.5960.75
P/E Ratio69.4313.27
Market Cap₹24.04 Cr.₹140.77 Cr.
ROE5.62%34%
ROCE13.41%44.02%
Debt/Equity0.06
EPS₹0.50₹8.29
RoNW3.84%34%

Shares Offered

In the Magenta Lifecare IPO Retail Individual Investors (RII) are offered 9,48,000 shares while in Z-Tech IPO retail investors are offered 9,48,000 shares. Qualified Institutional Buyers (QIB) are offered in Magenta Lifecare IPO and 6,44,400 shares in Z-Tech IPO.

 Magenta Lifecare IPOZ-Tech IPO
Anchor Investor Reservation9,64,800 shares
Market Maker Reservation1,04,000 shares1,70,400 shares
QIB6,44,400 shares
NII9,48,000 shares4,83,600 shares
RII9,48,000 shares11,28,000 shares
Employee
Others
Total18,96,000 shares32,20,800 shares

Bids Received (Subscription)

Magenta Lifecare IPO subscribed 983.19x in total, whereas Z-Tech IPO subscribed 371.39x.

 Magenta Lifecare IPOZ-Tech IPO
QIB (times)123.10x
NII (times)1,145.78x832.37x
Big NII (times)
Small NII (times)
RII (times)778.41x315.59x
Employee (times)
Other (times)
Total (times)983.19x371.39x

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Compare:

Magenta Lifecare IPO Vs Z-Tech IPO