The Magenta Lifecare date has been confirmed from June 5, 2024 and closes on June 7, 2024. Read the post to learn about Magenta Lifecare IPO GMP.
Magenta Lifecare IPO is a fixed price issue of Rs 7.00 crores. The price is ₹35 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹280,000.
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Key Details Of Magenta Lifecare IPO
Bidding Dates
June 5-7
Price Range
₹35 per share
Face Value
₹10 per share
GMP
₹15
Magenta Lifecare IPO GMP
The Magenta Lifecare IPO GMP is ₹15.
IPO Overview
Magenta Lifecare’s IPO is a fixed-price offering of Rs 7.00 crore. The issue is a completely new issue of 20 lakh shares. Magenta Lifecare’s initial public offering (IPO) will be available for subscription on June 5, 2024, and will close on June 7. The allotment for the Magenta Lifecare IPO is planned to be completed on Monday, June 10, 2024. Magenta Lifecare’s IPO will be listed on BSE SME, with a tentative listing date of Wednesday, June 12, 2024.
The Company IPO price is ₹35 per share. The minimum lot size for an application is 4000 Shares. Retail investors are needed to contribute at least ₹140,000. HNIs can invest as little as 2 lots (8,000 shares) for ₹280,000.
Magenta Lifecare IPO Details
| IPO Date | June 5, 2024 to June 7, 2024 |
| Listing Date | June 12, 2024 |
| Face Value | ₹10 per share |
| Price | ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,000,000 shares (aggregating up to ₹7.00 Cr) |
| Fresh Issue | 2,000,000 shares (aggregating up to ₹7.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,869,936 |
| Share holding post issue | 6,869,936 |
| Market Maker portion | 104,000 shares |
Magenta Lifecare Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,505.71 | 1,250.93 | 1,415.60 | 1,459.78 |
| Revenue | 630.74 | 955.29 | 938.47 | 966.14 |
| Profit After Tax | 24.36 | 24.55 | 18.89 | 19.44 |
| Net Worth | 634.18 | 520.81 | 361.73 | 142.85 |
| Reserves and Surplus | 147.19 | 366.57 | 219.72 | 20.84 |
| Total Borrowing | 447.83 | 453.01 | 757.53 | 982.73 |
| Amount in ₹ Lakhs | ||||
Magenta Lifecare IPO Timeline
| IPO Open Date | Wednesday, June 5, 2024 |
| IPO Close Date | Friday, June 7, 2024 |
| Basis of Allotment | Monday, June 10, 2024 |
| Initiation of Refunds | Tuesday, June 11, 2024 |
| Credit of Shares to Demat | Tuesday, June 11, 2024 |
| Listing Date | Wednesday, June 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 7, 2024 |
Company Profile
Magenta Lifecare Limited, founded in 2015, makes mattresses and pillows. In India, the company markets foam-based goods under the brand name “Magenta”. It’s product line comprises memory foam, latex-based, bonded mattresses, pocketed springs and pillows such as memory foam pillows, moulded memory foam pillows and moulded contour foam pillows. We have production facility which is situated in Gujarat, India. The installed capacity for mattress production is presently 60,000 units, with an additional 70,000 units for
pillows. As of the date of the Prospectus, the company’s total workforce is 41. The products that the corporation provides to customers are distributed across retail, hotels, and institutions.
Competitive Strengths:
- Diversified customer base and long-standing relationship with the customers.
- Extensive and well-developed pan-India sales and distribution network.
- Diversified Product portfolio.
- Experienced Promoter Directors with extensive domain knowledge.
- Quality assurance and accreditations.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | [email protected] |
| Website | ipo.cameoindia.com |
Contact Details
| Name | Magenta Lifecare Limited |
| Phone number | +91 7573022234 |
| Email ID | [email protected] |
| Website | magentamattresses.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Magenta Lifecare IPO FAQs
When Magenta Lifecare IPO will open?
The Magenta Lifecare IPO opens on June 5, 2024 and closes on June 7, 2024.
What is the lot size of Magenta Lifecare IPO?
Magenta Lifecare IPO lot size is 4000 Shares, and the minimum amount required is ₹140,000.
When is Magenta Lifecare IPO allotment?
The finalization of Basis of Allotment for Magenta Lifecare IPO will be done on Monday, June 10, 2024, and the allotted shares will be credited to your demat account by Tuesday, June 11, 2024.
When is Magenta Lifecare IPO listing date?
The Magenta Lifecare IPO listing date is not yet announced. The tentative date of Magenta Lifecare IPO listing is Wednesday, June 12, 2024.
