Contents
- 1 Table of Contents
- 2 Magenta Lifecare IPO Details
- 3 Magenta Lifecare IPO Scheduled
- 4 Magenta Lifecare IPO Lot Size
- 5 Magenta Lifecare IPO GMP Today
- 6 Magenta Lifecare Limited IPO Subscription Status
- 7 Magenta Lifecare Limited IPO Allotment Status
- 8 Know About Company
- 9 Promoters Holding
- 10 Objects of the Issue IPO
- 11 Magenta Lifecare Limited Financial Report (Restated)
- 12 Key Performance Indicator (KPI) of Magenta Lifecare Limited
- 13 Peer Group
- 14 Review
- 15 FAQs
Magenta Lifecare IPO Date: Magenta Lifecare IPO opens for subscription on June 5, 2024, and closes on June 7, 2024. The allotment for the Magenta Lifecare IPO is expected on June 10, 2024. Magenta Lifecare IPO going to be listed on BSE SME with a tentative listing date fixed as June 12, 2024.
Magenta Lifecare IPO is a fresh issue of 20 lakh shares with a fixed price of ₹35 per share. The value of the total fresh issue is Rs 7.00 crores.
To apply, retail investors must purchase a minimum of 4,000 shares, requiring an investment of at least ₹140,000. For High Net Worth Individuals (HNIs), the minimum investment is 2 lots, totalling 8,000 shares, amounting to ₹280,000.
Table of Contents
Magenta Lifecare IPO Details
| Open Date | June 5, 2024 |
| Close Date | June 7, 2024 |
| Listing Date | June 12, 2024 |
| IPO Size | 20 Lakh Shares (aggregating up to ₹7 Cr) |
| Fresh Issue | 2000000 Shares of ₹10 Face Value (aggregating up to 7 Cr.) |
| Face Value | ₹10 per share |
| IPO Price Band | ₹35 |
| IPO Listing on | BSE SME |
| Lot Size | 4000 Shares |
| OFS | N.A. |
| Share Offered to Retail | 50% of the total issue share |
| Share Offered to QBI | [.] of the total issue share |
| Share Offered to HNI | 50% of the total issue share |
Magenta Lifecare IPO Scheduled
| Event | Date |
|---|---|
| IPO Open Date | Wednesday, June 5, 2024 |
| IPO Close Date | Friday, June 7, 2024 |
| Allotment | Monday, June 10, 2024 |
| Refunds | Tuesday, June 11, 2024 |
| Shares Credit to Demat | Tuesday, June 11, 2024 |
| Listing Date | Wednesday, June 12, 2024 |
Magenta Lifecare IPO Lot Size
| Applicants | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹140,400 |
| Retail (Max) | 1 | 4000 | ₹140,400 |
| HNI (Min) | 2 | 8000 | ₹280,800 |
Magenta Lifecare IPO GMP Today
The Grey Market Premium (GMP) for Magenta Lifecare BSE SME IPO has commenced from the first session. We’ll be providing daily updates on the GMP and additional details.
Stay tuned to stay informed about the daily performance of the Magenta Lifecare Limited IPO’s Gray Market Premioum and the expected listing price. See IPO GMP Live >>
Magenta Lifecare Limited IPO Subscription Status
For updates on the subscription status of the Magenta Lifecare Limited IPO, kindly navigate to our “IPO Subscription Status” section in the menu or click the given link. The subscription window for the Magenta Lifecare IPO opens on June 5, 2024.
Magenta Lifecare Limited IPO Allotment Status
You can check the allotment status for the Magenta Lifecare IPO by following these steps. First, click the link Link – ” IPO Allotment Status” Then, select the IPO Name from the options. After that, enter either your Application Number or PAN Number. The allotment can check on June 10, 2024.
Know About Company
Magenta Lifecare Limited specializes in crafting mattresses and pillows. Here’s a closer look at what we do:
- Brand: Our products are sold under the “Magenta” brand across India.
- Product Range:
- Mattresses: We offer a variety of options including memory foam, latex-based, bonded mattresses, and pocketed springs.
- Pillows: Our selection includes memory foam pillows, moulded memory foam pillows, and moulded contour foam pillows.
- Manufacturing Facility: Located in Gujarat, our facility can produce up to 60,000 mattresses and 70,000 pillows annually.
- Workforce: Our dedicated team consists of 41 employees.
At Magenta Lifecare, we are committed to providing high-quality, comfortable sleep solutions for everyone.
Promoters Holding
- Company Promoters: Divyesh Modi and Khyati Modi
- Share Holding Pre Issue: 84.06%
- Share Holding Post Issue: 59.59%
Objects of the Issue IPO
- Funding our working capital requirements; and
- General corporate purposes
Magenta Lifecare Limited Financial Report (Restated)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets ₹ Lakhs | 1,505.71 | 1,250.93 | 1,415.60 | 1,459.78 |
| Revenue ₹ Lakhs | 630.74 | 955.29 | 938.47 | 966.14 |
| Profit After Tax ₹ Lakhs | 24.36 | 24.55 | 18.89 | 19.44 |
| Net Worth ₹ Lakhs | 634.18 | 520.81 | 361.73 | 142.85 |
| Reserves and Surplus ₹ Lakhs | 147.19 | 366.57 | 219.72 | 20.84 |
| Total Borrowing ₹ Lakhs | 447.83 | 453.01 | 757.53 | 982.73 |
Key Performance Indicator (KPI) of Magenta Lifecare Limited
| Key Performance Indicator | For the period ended on December 31, 2023* | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|---|
| Revenue from Operations | 601.83 | 906.61 | 924.40 | 964.74 |
| Growth in Revenue from Operations | NA | -1.92% | -4.18% | NA |
| EBITDA | 95.25 | 87.21 | 106.31 | 104.51 |
| EBITDA Margin | 15.83% | 9.62% | 11.50% | 10.83% |
| Restated Profit After Tax for the Year | 24.36 | 24.55 | 18.89 | 19.44 |
| PAT Margin | 4.05% | 2.71% | 2.04% | 2.02% |
| Net Worth | 634.18 | 520.81 | 361.73 | 142.85 |
| Capital Employed | 1,082.01 | 973.81 | 1,119.24 | 1,125.56 |
| ROCE% | 13.41% | 11.86% | 8.95% | 7.64% |
| ROE% | 5.62% | 5.56% | 7.49% | 14.60% |
Peer Group
- Sheela Foam Limited
- Tirupati Foam Limited
Magenta Lifecare IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
No. 01, Club House Road, Mount Road, Chennai- 600002, India.
Tel No: 044 4002 0700
E-mail: ipo@cameoindia.com
Website: www.cameoindia.com
Magenta Lifecare IPO Book Running Lead Manager
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – [East],
Mumbai – 400 057, Maharashtra, India
Tel No.: +91 81049 85249
E-mail: mb@fedsec.in
Website: www.fedsec.in
Magenta Lifecare Limited Contact
Magenta Lifecare Limited
N P Patel Estate,
A & T Padamla,
Vadodara – 391350, Gujarat, India
Phone: +91 7573022234
Email: info@magentalifecare.com
Website: https://www.magentamattresses.com/
Magenta Lifecare IPO Application Form PDF
To download theMagenta Lifecare IPO application form click on Application Form Download ASBA IPO Forms PDF.
Review
May Apply. Gwroth is good. (This is not any investment advice. This information only for education purpose only. Before inving do your own analyses or get advice from SEBI registerd advisory)
FAQs
When does the Magenta Lifecare IPO open for subscription?
The Magenta Lifecare IPO opens for subscription on June 5, 2024.
What is the lot size for retail investors in the Magenta Lifecare IPO?
The Magenta Lifecare IPO consists of a fresh issue of 20 lakh shares, aggregating up to ₹7 crores.
How can I check the allotment status for the Magenta Lifecare IPO?
The allotment status can be checked using the application number or PAN number on the designated IPO allotment status portal after June 10, 2024.
