Magenta Lifecare IPO

Magenta Lifecare IPO will open for subscription from 05 June 2024. The company aims for an issue size of ₹7.00 Cr through this IPO.

Company Overview

Full nameMagenta Lifecare Limited
SectorFast Moving Consumer Goods
IndustryHousehold & Personal Products
Company Website

About Company

Magenta Lifecare manufactures an array of foam-based products, including mattresses and pillows, under its ‘Magenta’ brand in India. Their product line features various mattresses, including memory foam, latex, bonded, and pocketed spring varieties. In addition, they offer pillows in multiple forms, including memory foam pillows, molded memory foam pillows, and molded contour foam pillows.

The company has established a distributor and dealer/retailer network spanning multiple states in India. It sells its products through offline channels, including multi-brand outlets, a network of dealers, and online e-commerce platforms. Magenta Lifecare’s manufacturing facility is located in Vadodara, Gujarat. It has an installed capacity to produce 60,000 mattresses and 70,000 pillows annually. As of 29 May 2024, the company has a total staff strength of 41 employees, comprising both skilled and unskilled labor.

The Objectives of the Issue

  • Funding our working capital requirements; and
  • General corporate purposes

Magenta Lifecare IPO Timetable

IPO Opening date05 June 2024
IPO Closing07 June 2024
Basis of Allotment10 June 2024
Initiation Refund11 June 2024
Credit to Demat Account11 June 2024
Listing Date12 June 2024
(Cut-off time for UPI mandate confirmation – 5 PM on June 7, 2024)

Magenta Lifecare IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹7.00 Cr-2,000,000 shares
Fresh Issue₹7.00 Cr-2,000,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹35 per share
Lot size4000 Shares
Market Maker portion104,000 shares
Shareholding pre-issue4,869,936
Shareholding post-issue6,869,936
Listing ExchangeBSE SME

Magenta Lifecare Offer Lot Size

Retail (Min)14000₹140,000
Retail (Max)14000₹140,000
HNI (Min)28,000₹280,000

Magenta Lifecare Offer Documents

Magenta Lifecare IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered104,000 (5.20%)
Other Shares Offered948,000 (47.40%)
Retail Shares Offered948,000 (47.40%)
Total Shares Offered2,000,000 (100%)

Magenta Lifecare Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income19.4418.8924.5524.36
(Amount in ₹ Lakhs)

Magenta Lifecare Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio66.04
RONW (%)13.605.224.71
ROCE (%)7.648.9511.86
EBITDA (%)10.8311.509.62

Company Promoters

  • Divyesh Modi
  • Khyati Modi

Promoter Holding

Pre Issue Share Holding84.06%
Post Issue Share Holding59.59%

Magenta Lifecare Offer GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
11 June 20241235,000
10 June 20241338,500
8 June 20241550,000
7 June 20242270,000
6 June 20242775,500
5 June 20242573,500
4 June 20242573,500

Magenta Lifecare IPO Subscription Update

Shares Offered9,48,0009,48,00018,96,000
7 Jun 20241188.08778.41983.24
6 Jun 202467.62186.50127.06
5 Jun 20249.4939.5024.49
(The market maker reservation portion of 1,04,000 shares is not included)

Magenta Lifecare IPO Allotment Status

Magenta Lifecare IPO allotment status is now available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.

Magenta Lifecare IPO Listing Details

Listing Date12 June 2024
BSE Scrip Code544188
NSE Symbol
Final Issue Price₹35 per share

Magenta Lifecare IPO Listing Day Update

Listing ExchangeBSE SME
Final Issue Price₹35.00
Last Trade₹47.25

Magenta Lifecare IPO Lead Manager(s)

B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249

Magenta Lifecare Registrar

“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700

Magenta Lifecare Contact Details

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

Magenta Lifecare IPO FAQs

What is the Magenta Lifecare offer size?

Magenta Lifecare offer size is ₹ 7.0 crores.

What is the Magenta Lifecare offer price band?

Magenta Lifecare public offer price is ₹ 35 per share.

What is the lot size of the Magenta Lifecare Offer?

Magenta Lifecare offer a lot size is 4,000 shares.

What is Magenta Lifecare Offer GMP today?

Magenta Lifecare IPO GMP today is ₹ 12 per share.

What is the Magenta Lifecare kostak rate today?

Magenta Lifecare kostak rate today is ₹ NA per application.

What is Magenta Lifecare Subject to the Sauda rate today?

Magenta Lifecare is Subject to the Sauda rate today is ₹ 35,000 per application.

Final thoughts

Magenta Lifecare IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.

Happy Investing

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