Magenta Lifecare Limited IPO (Magenta Lifecare IPO)

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

Magenta Lifecare IPO – Details

IPO Opening Date05 June 2024
IPO Closing Date07 June 2024
Issue TypeFixed Price Issue IPO
Issue Size20,00,000 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 Lot4000 Shares
Min Order4000 Shares (1 Lot)
Listing AtBSE SME
RegisterCameo Corporate Services Limited
Other Shares Offered50%
Retail Shares Offered50%

Magenta Lifecare IPO – Date Schedule

IPO Open Date05 June 2024
IPO Close Date07 June 2024
Basis of Allotment10 June 2024
Initiation of Refund11 June 2024
Credit of Shares to Demat Account11 June 2024
IPO Listing Date12 June 2024
Cut-off time for UPI mandate confirmation5 PM on June 07, 2024

Magenta Lifecare IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)14,000₹1,40,000
Retail (Maximum)14,000₹1,40,000
HNI (Minimum)28,000₹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
Magenta Lifecare IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 20219.669.480.199.82
31 March 20229.389.150.187.57
31 March 20239.559.230.244.53
31 December 20236.305.640.244.47
Amount in ₹ Crores

Key Performance Indicator

PAT Margin (%)4.05
EPS (Rs)0.50.47
P/E (x)69.4374.03

Magenta Lifecare IPO Promoter Holding

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

Magenta Lifecare IPO Prospectus

Company Contact Information

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

Magenta Lifecare IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390

Magenta Lifecare IPO Lead Manager(s)

1. Fedex Securities Pvt Ltd 

Magenta Lifecare IPO FAQs

Magenta Lifecare IPO
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.
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