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05 Mar, 2026
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Magenta Lifecare Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 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 Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹140,000 |
| Retail (Max) | 1 | 4,000 | ₹140,000 |
| HNI (Min) | 2 | 8,000 | ₹280,000 |
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 Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 84.06% | 59.59% |
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.
Competitive Strength:
- 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 IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
RHP:
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Frequently Asked Questions (FAQs)
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What is Magenta Lifecare IPO?
Magenta Lifecare IPO is a BSE SME IPO. They are going to raise ₹7 Crores via IPO. The issue is priced at ₹35 per equity share. The IPO is to be listed on BSE.
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When Magenta Lifecare IPO will open?
The IPO is to open on June 5, 2024 for NII, and Retail Investors.
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What is Magenta Lifecare IPO Investors Portion?
The investors’ portion for NII is 50%, and Retail is 50%.
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What is Magenta Lifecare's IPO Size?
Magenta Lifecare's IPO size is ₹7 crores.
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What is Magenta Lifecare IPO Price Band?
Magenta Lifecare's IPO Price Band is ₹35 per equity share.
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What is Magenta Lifecare IPO Minimum and Maximum Lot Size?
The IPO bid is 4000 shares with ₹140,000.
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What is the Magenta Lifecare IPO Allotment Date?
Magenta Lifecare IPO allotment date is June 10, 2024.
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What is the Magenta Lifecare IPO Listing Date?
Magenta Lifecare's IPO listing date is June 12, 2024. The IPO to list on BSE SME.
