Magenta Lifecare
Magenta Lifecare Info
Details about the Magenta Lifecare IPO. Opening Date of Magenta Lifecare is 05 Jun 24 and Closing Date is 07 Jun 24 . Face Value of Each share of Magenta Lifecare is ₹10 per share. Fixed price of Magenta Lifecare is ₹35. The Lot size of Magenta Lifecare is 4,000 shares. Total issue size of Magenta Lifecare IPO is ₹7 cr. Fresh Issue of Magenta Lifecare IPO is 7 cr. This is a Fixed Price Issue IPO. Expected to list on BSE SME. Share Holding Pre Issue of Magenta Lifecare is 4,869,936. Share Holding Post Issue of Magenta Lifecare is 6,869,936.
Business Summary
Founded in 2015, Magenta Lifecare Limited specializes in producing high-quality mattresses and pillows under the 'Magenta' brand in India. Operating from their state-of-the-art manufacturing facility in Gujarat, the company has an impressive production capacity, capable of producing 60,000 mattresses and 70,000 pillows annually.
Magenta Lifecare's diverse product lineup includes a range of advanced foam-based solutions, such as memory foam and latex-based mattresses, bonded mattresses, and pocketed spring designs. Their pillow offerings feature innovative options like memory foam pillows, moulded memory foam pillows, and moulded contour foam pillows, catering to various customer preferences for comfort and support.
Magenta Lifecare IPO Details
| Open Date | 05 Jun 24 |
|---|---|
| Close Date | 07 Jun 24 |
| Face Value | ₹10 per shares |
| Price | ₹35 |
| Lot Size | 4,000 Shares |
| Total issue Size | 2,000,000 Shares ₹7 cr |
| Fresh Issue | 2,000,000 Shares ₹7 cr |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Share Holding Pre Issue | 4,869,936 |
| Share Holding Post Issue | 6,869,936 |
| Market Maker | Sunflower Broking |
| Market Maker Portion | 104,000 Shares |
| RHP , DHRP | View RHP, View DRHP |
Magenta Lifecare IPO Timeline
The Magenta Lifecare Initial Public Offering (IPO) is set to open on 05 Jun 24 and will end its subscription phase on 07 Jun 24. You can check your allotment status for Magenta Lifecare on 10 Jun 24. The refund process for your funds will start promptly on 11 Jun 24. Magenta Lifecare IPO credit of shares will be on 11 Jun 24. The listing date for Magenta Lifecare is on 12 Jun 24.
Open Date
Close Date
Basis Of Allotment
Initialization of Refund
Credit of Share
Listing Date
Magenta Lifecare IPO Reservation
The Magenta Lifecare IPO reserves shares for different investor categories. Approximately 50% of the net offer will be available for NII, 50% of the net offer will be available for Retail,
104,000 Shares will be reserved for subscription by Sunflower Broking
| Investor Category | Shares Offered |
|---|---|
| NII | 50% of the net offer |
| Retail | 50% of the net offer |
Magenta Lifecare IPO Lot Size
Bids can be made for minimum of 4000 shares and in multiple of 4000 equity shares thereafter
| Application | Lot | 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 Promoters Holding
Promoters holding details for Magenta Lifecare in the current issue is as follows: The share holding of promoters before the issue stands at 84.06%, and after the issue, it has been adjusted to 59.59%.
Promoters of Magenta Lifecare are Divyesh Modi, Khyati Modi,
| Share Holding Pre Issue | 84.06% |
|---|---|
| Share Holding Post Issue | 59.59% |
Magenta Lifecare Financial Information
Financial performance details for Magenta Lifecare over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 31 Dec 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 1,505.71 | 1,250.93 | 1,415.6 | 1,459.78 |
| Revenue | 630.74 | 955.29 | 938.47 | 966.14 |
| Profit After Tax | 24.36 | 24.55 | 18.89 | 19.44 |
Magenta Lifecare IPO Key Performance Indicator
Key Performance Indicators (KPIs) for Magenta Lifecare are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 69.43 |
| ROCE | 13.41% |
| ROE | 5.62% |
| RoNW | 3.84% |
| EPS (Rs) | 0.5 |
Object of the Issue
- • Funding Working Capital Requirements of the Company
- • General corporate purposes
Contact Details for Magenta Lifecare
Phone
Office
N P Patel Estate, A & T Padamla, Vadodara – 391350, Gujarat, India
Registrar Details for Magenta Lifecare
Cameo Corporate Services Limited
Phone
Office
Subramanian Building”, No. 1, Club House Road, Chennai -600002, India
Lead Manager
- • Fedex Securities Pvt Ltd