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 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.
Magenta Lifecare IPO – Details
| IPO Opening Date | 05 June 2024 |
| IPO Closing Date | 07 June 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 20,00,000 Shares Worth ₹7.00 Crore Fresh Issue: 20,00,000 Shares Worth ₹7.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹35 |
| Market Lot | 4000 Shares |
| Min Order | 4000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Cameo Corporate Services Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Magenta Lifecare IPO – Date Schedule
| IPO Open Date | 05 June 2024 |
| IPO Close Date | 07 June 2024 |
| Basis of Allotment | 10 June 2024 |
| Initiation of Refund | 11 June 2024 |
| Credit of Shares to Demat Account | 11 June 2024 |
| IPO Listing Date | 12 June 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 07, 2024 |
Magenta Lifecare IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 4,000 | ₹1,40,000 |
| Retail (Maximum) | 1 | 4,000 | ₹1,40,000 |
| HNI (Minimum) | 2 | 8,000 | ₹2,80,000 |
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.
Company Promoters
- Divyesh Modi
- Khyati Modi
Object Of The Issue
- Funding Working Capital Requirements of the Company
- General corporate purposes
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 9.66 | 9.48 | 0.19 | 9.82 |
| 31 March 2022 | 9.38 | 9.15 | 0.18 | 7.57 |
| 31 March 2023 | 9.55 | 9.23 | 0.24 | 4.53 |
| 31 December 2023 | 6.30 | 5.64 | 0.24 | 4.47 |
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 |
Magenta Lifecare IPO Promoter Holding
| Pre Issue Share Holding | 84.06% |
| Post Issue Share Holding | 59.59% |
Magenta Lifecare IPO Prospectus
Company Contact Information
| 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 Lead Manager(s)
| 1. Fedex Securities Pvt Ltd |
Magenta Lifecare IPO FAQs
| What is Magenta Lifecare IPO? Magenta Lifecare IPO is an SME IPO. The issue is priced at ₹35 per equity share. The IPO is to be listed on BSE SME. |
| When Magenta Lifecare IPO will open? The IPO is to open on 05 June 2024 for OTHER – 50% and Retails – 50% Investors. |
| How to Magenta Lifecare IPO? You can apply for Magenta Lifecare IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Magenta Lifecare IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Magenta Lifecare”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Magenta Lifecare IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Magenta Lifecare”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Magenta Lifecare IPO Size? Magenta Lifecare IPO size is ₹7.00 crores. |
| What is Magenta Lifecare IPO Price Band? Magenta Lifecare IPO Price Band is ₹35. |
| What is Magenta Lifecare IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,40,000 amount while the maximum bid is 2000 shares with ₹1,40,000. |
| What is the Magenta Lifecare IPO Allotment Date? Magenta Lifecare IPO allotment date is 10 June 2024. |
| What is the Magenta Lifecare IPO Listing Date? Magenta Lifecare IPO listing date is 12 June 2024. The IPO is to list on NSE SME. |
