Magenta Lifecare IPO Date, Allotment, Details, Review

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

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.

Magenta Lifecare IPO Details

Open DateJune 5, 2024
Close DateJune 7, 2024
Listing DateJune 12, 2024
IPO Size20 Lakh Shares
(aggregating up to ₹7 Cr)
Fresh Issue2000000 Shares of ₹10 Face Value
(aggregating up to 7 Cr.)
Face Value₹10 per share
IPO Price Band₹35
IPO Listing onBSE SME
Lot Size4000 Shares
Share Offered to Retail50% of the total issue share
Share Offered to QBI[.] of the total issue share
Share Offered to HNI50% of the total issue share

Magenta Lifecare IPO Scheduled

IPO Open DateWednesday, June 5, 2024
IPO Close DateFriday, June 7, 2024
AllotmentMonday, June 10, 2024
RefundsTuesday, June 11, 2024
Shares Credit to DematTuesday, June 11, 2024
Listing DateWednesday, June 12, 2024

Magenta Lifecare IPO Lot Size

Retail (Min)14000₹140,400
Retail (Max)14000₹140,400
HNI (Min)28000₹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

  1. Funding our working capital requirements; and
  2. General corporate purposes

Magenta Lifecare Limited Financial Report (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets ₹ Lakhs1,505.711,250.931,415.601,459.78
Revenue ₹ Lakhs630.74955.29938.47966.14
Profit After Tax ₹ Lakhs24.3624.5518.8919.44
Net Worth ₹ Lakhs634.18520.81361.73142.85
Reserves and Surplus ₹ Lakhs147.19366.57219.7220.84
Total Borrowing ₹ Lakhs447.83453.01757.53982.73

Key Performance Indicator (KPI) of Magenta Lifecare Limited

Key Performance IndicatorFor the period ended on December 31, 2023*March 31, 2023March 31, 2022March 31, 2021
Revenue from Operations601.83906.61924.40964.74
Growth in Revenue from OperationsNA-1.92%-4.18%NA
EBITDA 95.2587.21106.31104.51
EBITDA Margin15.83%9.62%11.50%10.83%
Restated Profit After Tax for the Year24.3624.5518.8919.44
PAT Margin4.05%2.71%2.04%2.02%
Net Worth634.18520.81361.73142.85
Capital Employed1,082.01973.811,119.241,125.56

Peer Group

  • Sheela Foam Limited
  • Tirupati Foam Limited

Magenta Lifecare IPO Registrar

No. 01, Club House Road, Mount Road, Chennai- 600002, India.
Tel No: 044 4002 0700

Magenta Lifecare IPO Book Running Lead Manager

B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – [East],
Mumbai – 400 057, Maharashtra, India
Tel No.: +91 81049 85249

Magenta Lifecare Limited Contact

Magenta Lifecare Limited
N P Patel Estate,
A & T Padamla,
Vadodara – 391350, Gujarat, India
Phone: +91 7573022234

Magenta Lifecare IPO Application Form PDF

To download theMagenta Lifecare IPO application form click on Application Form Download ASBA IPO Forms PDF.


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)


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.

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