Magenta Lifecare Limited IPO

BSE SME

Listed On: Jun 12, 2024 at ₹ 45.0

₹ 140000 /4000 Shares

Check Allotment

Magenta Lifecare Limited IPO Details

05 Jun, 2024

Open Date

07 Jun, 2024

Close Date

10 Jun, 2024

Allotment Date

12 Jun, 2024

Listing Date

Issue Price

₹35 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Cameo Corporate Services Limited

List Price

45.0

Listing Date

2024-06-12

Market Lot

4000 Shares (₹140,000/-)

Lead Manager

Fedex Securities Pvt Ltd

Issue Size

2,000,000 shares(aggregating up to ₹7.00 Cr)

Retail Portion

50%

Subscription

982.54 times

IPO Docs

DRHP RHP

The IPO of Magenta Lifecare Limited is priced at ₹35 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE SME. Cameo Corporate Services Limited is the registrar of the issue.

Magenta Lifecare Limited IPO bid opening date is from Jun 5, 2024 and the bid closing date was Jun 7, 2024.
Magenta Lifecare Limited IPO allotment result will be available on Jun 10, 2024. The tentative listing date for Magenta Lifecare Limited is Jun 12, 2024.

The total issue size is 2,000,000 shares(aggregating up to ₹7.00 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	948,000	948,000	1,896,000
Day 1 - 05-06-24 06:00 PM	9.43 x	39.50 x	24.49 x
Day 2 - 06-06-24 06:00 PM	66.50 x	174.84 x	120.75 x
Day 3 - 07-06-24 06:00 PM	1188.04 x	777.03 x	982.54 x

Total No. of Applications: 2,36,923 (Approx)

Magenta Lifecare Limited Valuations

EPS Pre IPO

₹0.5/-

EPS Post IPO

₹0.47/-

P/E Pre IPO

69.43

P/E Post IPO

74.03

ROE

5.62%

ROCE

13.41%

RoNW

3.84%

PAT Margin

4.05

Price to Book Value

2.68

Magenta Lifecare Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	1,250.93	1,415.60	1,459.78
Revenue	955.29	938.47	966.14
Profit After Tax	24.55	18.89	19.44
Net Worth	520.81	361.73	142.85
Reserves & Surplus	366.57	219.72	20.84
Total Borrowing	453.01	757.53	982.73

About The Company

Magenta Lifecare Limited had been established in the year 2015 as a manufacturing facility for mattresses and pillows. India-based brand selling foam-based products of the company include Magenta.

Products lines of Magenta Lifecare - memory foam and latex-based products, bonded mattress, pocketed springs, pillow, etc with memory foam, moulded memory foam pillows and moulded contour foam pillows among others.

The manufacturing facility of Magenta Lifecare Limited is situated in Gujarat, India. The installed capacity for mattress manufacturing is currently at 60,000 Nos. and 70,000 nos. of pillows.

As on date of Prospectus, the company's total strength of employees is 41. The products that the company provides to the customers are available in retail, hotels and institutions.

Magenta Lifecare Limited - Promoter(s)

Pre Issue Share Holding: 84.06%

Post Issue Share Holding: 59.59%

Company Promoter(s)

Divyesh Modi
Khyati Modi

Magenta Lifecare Limited IPO - Issue Objectives

Funding our working capital requirements
General corporate purposes

Other Details

Company Contact Details

Magenta Lifecare Limited

N P Patel Estate,A & T Padamla, Vadodara – 391350, Gujarat,

Phone: +91 7573022234

Email: info@magentalifecare.com

Website: https://www.magentamattresses.com/

Registrar Contact Details

Cameo Corporate Services Limited

Phone: +91-44-28460390

Email: ipo@cameoindia.com

Website: https://ipo.cameoindia.com/

Magenta Lifecare Limited IPO - FAQs

Ans. Magenta Lifecare Limited IPO is a SME IPO. The issue is priced at ₹35 per equity share. The minimum order quantity is 4000 Shares. The IPO opens on Jun 5, 2024, and closes on Jun 7, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Magenta Lifecare Limited IPO opens on Jun 5, 2024 and closes on Jun 7, 2024.

Ans. The size of Magenta Lifecare Limited IPO is 2,000,000 shares(aggregating up to ₹7.00 Cr).

Ans. The IPO price band is set between ₹35 per equity share.

Ans. To apply for Magenta Lifecare Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Magenta Lifecare Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Magenta Lifecare Limited IPO is Jun 10, 2024.

Ans. The Magenta Lifecare Limited IPO will be listed on Jun 12, 2024.

Ans. Follow the steps to check the allotment status for Magenta Lifecare Limited IPO here.