Magenta Lifecare IPO Details

June 5, 2024 - June 7, 2024

IPO Details
Docs
- RHP
- DRHP
Reviews
Subscription
Calculator
News
GMP
Allotment
BoA
Messages

Magenta Lifecare IPO is a fixed price issue of Rs 7.00 crores. The issue is entirely a fresh issue of 20 lakh shares.

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 to be finalized on Monday, June 10, 2024. Magenta Lifecare IPO will list on BSE SME with tentative listing date fixed as Wednesday, June 12, 2024.

Magenta Lifecare IPO 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.

Fedex SecuritiesPvtLtd is the book running lead manager of the Magenta Lifecare IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Magenta Lifecare IPO is Sunflower Broking.

Refer to Magenta Lifecare IPO RHP for detailed information.

IPO Date	June 5, 2024 to June 7, 2024
Listing Date	[.]
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 Sunflower Broking

Magenta Lifecare IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the net offer
Other Shares Offered	50% of the net offer

Magenta Lifecare IPO Timeline (Tentative Schedule)

Magenta Lifecare IPO opens on June 5, 2024, and closes on June 7, 2024.

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

Magenta Lifecare IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. Thebelow table depicts the minimum and maximum investment by retail investors and HNI in terms ofshares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	4000	₹140,000
Retail (Max)	1	4000	₹140,000
HNI (Min)	2	8,000	₹280,000
Lot Size Calculator

Magenta Lifecare IPO Promoter Holding

Divyesh Modi and Khyati Modi are the company promoters.

Share Holding Pre Issue	84.06%
Share Holding Post Issue	59.59%

About Magenta Lifecare Limited

Incorporated in 2015, Magenta Lifecare Limited manufactures mattresses and pillows. The company offers foam-based products under the brand "Magenta" in India.

Magenta Lifecare's product portfolio includes memory foam, latex-based, bonded mattresses, pocketed springs etc. and pillows such as memory foam pillows, moulded memory foam pillows, moulded contour foam pillows etc.

Magenta Lifecare Limited's manufacturing facility is located in Gujarat, India. The installed capacity for manufacturing mattresses is currently at 60,000 Nos. and 70,000 nos. of pillows.

As of date of Prospectus, The company's overall staff strength is 41 employees. The products the company offers to the customers are spread 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.

Magenta Lifecare Limited Financial Information (Restated)

Magenta Lifecare Limited's revenue increased by 1.79% and profit after tax (PAT) rose by 29.96% between the financial year ending with March 31, 2023 and March 31, 2022.

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

Key Performance Indicator

The market capitalization of Magenta Lifecare IPO is Rs 24.04 Cr.

KPI as of December 31, 2023.

KPI	Values
ROE	5.62%
ROCE	13.41%
RoNW	3.84%
P/BV	2.68
PAT Margin (%)	4.05

Check Magenta Lifecare IPO Peer Comparison here.

	Pre IPO	Post IPO
EPS (Rs)	0.5	0.47
P/E (x)	69.43	74.03

Note:

Objects of the Issue (Magenta Lifecare IPO Objectives)

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

1. Funding our working capital requirements; and

2. General corporate purposes

Magenta Lifecare IPO Review (May apply)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment. With its asset light model and cost management, the company is confident of maintaining and improving its performance as indicated by last 21 months working. Based on FY24 annualized earnings, the issue appears aggressively priced. Small equity post-IPO indicates longer gestation for migration. Well-informed/cash surplus investors may park funds for the long term rewards.Read detail review...

Magenta Lifecare IPO Prospectus

Magenta Lifecare IPO Rating

1.0

Rating:

Vote Here ...

Magenta Lifecare Limited Contact Details

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 Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/

Magenta Lifecare IPO - Buy or Not

Magenta Lifecare IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	1	0	0
Members	0	0	0

Read All ReviewsPost Your Review Manage Reviews

Magenta Lifecare IPO Lead Manager(s)

Fedex SecuritiesPvtLtd (Past IPO Performance)

Lead Manager Reports

IPO Lead Manager Performance Summary
IPO Lead Manager PerformanceTracker

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Check our SME IPO Guide

Magenta Lifecare IPO FAQs

Magenta Lifecare IPO is a SME IPO of 2,000,000 equity shares of the face value of ₹10 aggregating up to ₹7.00 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000 Shares.

The IPO opens on June 5, 2024, and closes on June 7, 2024.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Magenta Lifecare IPO using UPI as a payment gateway. Zerodha customers can apply in Magenta Lifecare IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Magenta Lifecare IPO through Zerodha

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the 'Magenta Lifecare IPO' row and click the 'Bid' button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Magenta Lifecare IPO opens on June 5, 2024 and closes on June 7, 2024.

Magenta Lifecare IPO lot size is 4000 Shares, and the minimum amount required is ₹140,000.

You can apply in Magenta Lifecare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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. Check the Magenta Lifecare IPO allotment status.

The Magenta Lifecare IPO listing date is not yet announced. The tentative date of Magenta Lifecare IPO listing is Wednesday, June 12, 2024.