Magenta Lifecare Limited IPO
Magenta Lifecare Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹35 per share. The stock debuted at ₹45, delivering a listing gain of 28.6%. The IPO had a lot size of ₹4000 shares and a minimum investment of ₹1,40,000.
Magenta Lifecare Limited IPO
- IPO Dates
- Jun 5, 2024 – Jun 7, 2024
- Price band
- ₹35 per equity share
- Minimum Investment
- ₹1,40,000
- Issue size
- ₹7 Cr
- Lot size
- 4000
- Allotment Date
- Jun 10, 2024
- Listing
- Jun 12, 2024
- Listing At
- BSE SME
IPO timeline
-
Jun 5, 2024
Open Date
Completed
-
Jun 7, 2024
Close Date
Completed
-
Jun 10, 2024
Allotment Date
Completed
-
Jun 12, 2024
Listing Date
Completed
Magenta Lifecare Limited IPO Essentials
Magenta Lifecare Limited IPO Details
Magenta Lifecare Limited IPO is priced at ₹35 per share with a total issue size of 7 crore. The IPO has a lot size of 4000 shares and is listed on BSE SME.
- Issue price
- ₹35 per equity share
- Lot size
- 4000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 2,000,000 shares(aggregating up to ₹7.00 Cr)
- Total issue size
- 20,00,000 shares
(aggregating up to ₹7 crore) - Fresh issue
- 20,00,000 shares
(aggregating up to ₹7 crore) - Listing at
- BSE SME
- List price
- 45.0
- Listing date
- Registrar
- Cameo Corporate Services Limited
- Lead manager
-
Fedex Securities Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 4000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 4000 | ₹1,40,000 |
| Retail(max) | 1 | 4000 | ₹1,40,000 |
| NII (min) | 2 | 8,000 | ₹2,80,000 |
Magenta Lifecare Limited IPO Reservation
Magenta Lifecare Limited IPO reservation details show category-wise allocation of shares. Out of the total 2,000,000 shares, approximately 47.4% for retail investors, and 5.2% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 104,000 (5.2%) | |
| Retail Shares Offered | 948,000 (47.4%) | |
| Total Shares Offered | 2,000,000 (100%) |
Magenta Lifecare Limited IPO Analytics
Magenta Lifecare Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Magenta Lifecare Limited IPO Subscription Status
Magenta Lifecare Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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 |
Magenta Lifecare Limited Valuations
Earnings
- EPS Pre IPO
- ₹0.5/-
- EPS Post IPO
- ₹0.47/-
- P/E Pre IPO
- 69.43
- P/E Post IPO
- 74.03
Returns
- ROE
- 5.62%
- ROCE
- 13.41%
- RoNW
- 3.84%
- PAT Margin
- 4.05
Fundamentals
- Price / Book
- 2.68
Magenta Lifecare Limited Financials( In Lakhs)
| 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 |
Magenta Lifecare Limited Company & Offer Insights
About Magenta Lifecare Limited
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)
Divyesh Modi, Khyati Modi are the company's promoters of Magenta Lifecare Limited.
Magenta Lifecare Limited IPO Issue Objectives
- •
- Funding our working capital requirements
- •
- General corporate purposes
Magenta Lifecare Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Magenta Lifecare Limited | 0.53 | 0.53 | 11.26 | 65.97 | 4.71 | 3.11 | Standalone |
| Sheela Foam Ltd | 20.81 | 20.81 | 164.03 | 44.65 | 12.69 | 6.06 | Consolidated |
| Tirupati Foam Ltd | 4.31 | 4.31 | 66.04 | 17.85 | 6.53 | N/A | Consolidated |
Notes:
- Net Asset Value per Equity Share is calculated as net worth attributable to equity shareholders as at the end of Fiscal period/year divided by the outstanding number of Equity Shares used in calculating basic earnings per share.
- All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis) and is sourced from the annual reports/annual results of the respective company for the year ended March 31, 2023, submitted to Stock Exchanges.
- P/E Ratio has been computed based on the closing market price of equity shares on BSE on May 17, 2024, divided by the Diluted EPS provided.
- Return on Net Worth is computed as restated net profit/(loss) after tax attributable to equity holders of our Company divided by restated average Net Worth for Equity Shareholders of our Company.
Contact Information
Contact Details
Magenta Lifecare Limited
+91 7573022234
https://www.magentamattresses.com/
N P Patel Estate,A & T Padamla, Vadodara – 391350, Gujarat,
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Magenta Lifecare Limited IPO is a Fixed Priced IPO worth ₹7 crore. The issue price is ₹35 per share (fixed price). The IPO opens on Jun 5, 2024 and closes on Jun 7, 2024. It will be listed on BSE SME Platform. Cameo Corporate Services Limited is the registrar.
The issue price of Magenta Lifecare Limited IPO is ₹35 per share (fixed price).
The lot size of Magenta Lifecare Limited IPO is 4000 shares.
The minimum investment for Magenta Lifecare Limited IPO is approximately ₹1,40,000 based on the issue price .
Magenta Lifecare Limited IPO opens on Jun 5, 2024 and closes on Jun 7, 2024.
The allotment date of Magenta Lifecare Limited IPO is Jun 10, 2024.
Magenta Lifecare Limited IPO is expected to be listed on Jun 12, 2024, on BSE SME Platform.
Magenta Lifecare Limited IPO valuation snapshot: P/E 74.03, EPS ₹0.47/-, P/B 2.68, RoNW 3.84%, and market cap N/A.
To apply for Magenta Lifecare Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Magenta Lifecare Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Magenta Lifecare Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Magenta Lifecare Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Magenta Lifecare Limited IPO allotment status on IPO Ji for quick and easy access.