IPO

Magenta Lifecare Limited IPO

BSE SME

Listed On: Jun 12, 2024 at ₹ 45.0

₹ 280000 /8000 Shares
*Min Investment

Check Allotment

05 Jun, 2024

Open Date

07 Jun, 2024

Close Date

10 Jun, 2024

Allotment Date

12 Jun, 2024

Listing Date
Magenta Lifecare Limited IPO Issue Details
  • Issue Price ₹35 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 20,00,000 shares(aggregating up to ₹7 crore)
  • Fresh Share 20,00,000 shares(aggregating up to ₹7 crore)
  • Listing at BSE SME
  • List Price 45.0
  • Listing Date 2024-06-12
  • Lead Manager Fedex Securities Pvt Ltd
  • Registrar Cameo Corporate Services Limited
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.

ApplicationLotsSharesAmount
Retail (min)14000₹1,40,000
Retail(max)14000₹1,40,000
NII (min) 28,000₹2,80,000
Magenta Lifecare Limited IPO Reservation

Magenta Lifecare Limited IPO offers total 2,000,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,948,000 (47.4%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered104,000 (5.2%)
Retail Shares Offered948,000 (47.4%)
Total Shares Offered2,000,000 (100%)
Magenta Lifecare Limited IPO Documents
DRHP
RHP
Magenta Lifecare Limited IPO Details


Magenta Lifecare Limited IPO is an SME IPO, priced at ₹35 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 20,00,000 equity shares, aggregating up to ₹7 crores..

The IPO bidding window is open from Jun 5, 2024 to Jun 7, 2024. The allotment is expected to be finalized on Jun 10, 2024, and the tentative listing date is Jun 12, 2024.

The minimum lot size for Retail investors is 4000 shares, with a minimum investment of ₹1,40,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,80,000.

Fedex Securities Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and Sunflower Broking Private Limited will act as the market maker for this issue.

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Magenta Lifecare Limited IPO Subscription Analysis And Details
Retail
777.03x
Total
982.54x
As onQIB / NIIRetailTotal
Shares Offered / Reserved948,000948,0001,896,000
Day 1 05-06-24 06:00 PM
9.43 x39.50 x24.49 x
Day 2 06-06-24 06:00 PM
66.50 x174.84 x120.75 x
Day 3 07-06-24 06:00 PM
1188.04 x777.03 x982.54 x
Total No of Applications
2,36,923
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
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets1,250.931,415.601,459.78
Revenue955.29938.47966.14
Profit After Tax24.5518.8919.44
Net Worth520.81361.73142.85
Reserves & Surplus366.57219.7220.84
Total Borrowing453.01757.53982.73
About Magenta Lifecare Limited 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.

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Magenta Lifecare Limited - Promoter(s)

Divyesh Modi

Khyati Modi

Pre Issue Share Holding : 84.06%

Post Issue Share Holding : 59.59%

Magenta Lifecare Limited IPO - Issue Objectives
1

Funding our working capital requirements

2

General corporate purposes

Magenta Lifecare Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Magenta Lifecare Limited0.530.5311.2665.974.713.11Standalone
Sheela Foam Ltd20.8120.81164.0344.6512.696.06Consolidated
Tirupati Foam Ltd4.314.3166.0417.856.53N/AConsolidated

Notes:

  1. 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.
  2. 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.
  3. 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.
  4. 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 Details

Magenta Lifecare Limited

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

+91 7573022234

info@magentalifecare.com

https://www.magentamattresses.com/

Registrar Contact Details

Cameo Corporate Services Limited

+91-44-28460390

ipo@cameoindia.com

https://ipo.cameoindia.com/