Magenta Lifecare Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 5, 2024 to June 7, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 35 per share |
| Lot Size | 4,000 Shares |
| Total Issue Size | 20,00,000 shares (aggregating up to ₹ 7.00 Cr) |
| Fresh Issue | 20,00,000 shares (aggregating up to ₹ 7.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 48,69,936 |
| Share holding post issue | 68,69,936 |
| Market Maker portion | 1,04,000 shares Sunflower Broking |
About Magenta Lifecare Limited IPO
Magenta Lifecare is a manufacturer of foam-based products such as mattresses and pillows which are marketed under their brand “Magenta” in India. Their product offerings include a wide range of mattresses such as memory foam, latex-based, bonded mattresses, pocketed springs, etc. and pillows such as memory foam pillows, molded memory foam pillows, molded contour foam pillows, etc. Driven by innovation, they strive to introduce new and innovative products continuously with the help of their team. For instance, they have introduced green tea and bamboo charcoal-based herbal mattresses and pet bed mattresses in their range of products. Further, they also supply processed raw foam and adjustable bed frames (hydraulic beds) which they import under their brand Magenta.
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's IPO price is ₹35 per share. The minimum lot size for an application is 4000 Shares. Fedex Securities Pvt Ltd 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.
Magenta Lifecare IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Company & Financials
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, molded memory foam pillows, molded 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 the 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.
Objectives of Magenta Lifecare IPO
The company proposes to utilize the Net Proceeds from the Issue towards the following objectives:
- 1. Funding our working capital requirements
- 2. General corporate purposes
Magenta Lifecare IPO Review
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 the last 21 months of 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 long-term rewards.
Magenta Lifecare Limited IPO Financial Information
Latest Revenue
630.74
₹ Crore
Profit After Tax
24.36
₹ Crore
Net Worth
634.18
₹ Crore
Total Borrowing
447.83
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 1,505.71 | 630.74 | 24.36 | 634.18 | 447.83 | ||||
| 31 Mar 2023 | 1,250.93 | 955.29 | 24.55 | 520.81 | 453.01 | ||||
| 31 Mar 2022 | 1,415.60 | 938.47 | 18.89 | 361.73 | 757.53 | ||||
| 31 Mar 2021 | 1,459.78 | 966.14 | 19.44 | 142.85 | 982.73 | ||||
| Amount in ₹ Crore | |||||||||
Magenta Lifecare Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 5.62% |
| ROCE | 13.41% |
| RoNW | 3.84% |
| P/BV | 2.68 |
| PAT Margin (%) | 4.05 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.5 | 0.47 |
| P/E (x) | 69.43 | 74.03 |
Frequently Asked Questions
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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.
Download regulatory filings
Magenta Lifecare Limited 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹140,000 |
| Retail (Max) | 1 | 4,000 | ₹140,000 |
| HNI (Min) | 2 | 8,000 | ₹280,000 |