Magenta Lifecare IPO Details: Magenta Lifecare’s IPO has been scheduled, opening on June 5 and closing on June 7. This BSE SME IPO aims to raise ₹7 crores, with a price band set at ₹35 per share and a market lot of 4000 shares.
Magenta Lifecare specializes in manufacturing foam-based products, including mattresses and pillows, under their brand “Magenta” in India. Their extensive product line features various types of mattresses such as memory foam, latex-based, bonded, and pocketed spring mattresses. They also offer a range of pillows, including memory foam pillows, molded memory foam pillows, and molded contour foam pillows. The company attributes its success to the high quality of its products, which cater to retail, hotel, and institutional markets. Committed to innovation, Magenta Lifecare continuously introduces new and unique products, such as herbal mattresses made from green tea and bamboo charcoal, as well as pet bed mattresses. Additionally, they supply processed raw foam and adjustable bed frames (hydraulic beds), imported and branded as Magenta.
Magenta Lifecare’s product range is designed to appeal to a broad spectrum of society, offering both value-added and premium options. Their products are known for providing comfort, ergonomic design, thermal comfort, pressure relief, motion isolation, easy position realignment, and long-term durability. The company emphasizes that their mattresses enhance sleep quality by supporting, comforting, and cooling the body. They offer extensive customization options, including variations in fabric, shape, firmness, material, height, foam type and density, personalization, utility, and structure.
The company has established a robust network of distributors and dealers/retailers across multiple states in India. Their products are sold through offline channels at multi-brand outlets and a network of dealers, as well as through online e-commerce platforms, with distributors appointed on a regional basis.
Magenta Lifecare IPO Objectives:
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding our working capital requirements; and
- General corporate purposes
Magenta Lifecare IPO Review (Apply or Not)
- updated soon
Magenta Lifecare IPO Date & Price Band Details:
| IPO Open: | June 5, 2024 |
| IPO Close: | June 7, 2024 |
| IPO Size: | Approx ₹7 Crores, 2,000,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹35 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Magenta Lifecare IPO Lot Size:
The Magenta Lifecare IPO requires a minimum market lot of 4000 shares, with an application amount of ₹140,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 4000 | ₹140,000 |
| Retail Maximum | 1 | 4000 | ₹140,000 |
| S-HNI Minimum | 2 | 8000 | ₹280,000 |
Magenta Lifecare IPO Timeline:
The Magenta Lifecare IPO is set to open on June 5 and close on June 7. The allotment date for the IPO is June 10, with the listing potentially occurring on June 12.
| IPO Open Date: | 5-June-2024 |
| IPO Close Date: | 7-June-2024 |
| Basis of Allotment: | 10-June-2024 |
| Refunds: | 11-June-2024 |
| Credit to Demat Account: | 11-June-2024 |
| IPO Listing Date: | 12-June-2024 |
Magenta Lifecare IPO GMP Today:
The latest Grey Market Premium (GMP) for the Magenta Lifecare SME IPO is ₹28. With a price band set at ₹35, the estimated listing price for the Magenta Lifecare SME IPO is ₹63 (cap price + today’s GMP). This suggests an expected gain of 80% per share.
Magenta Lifecare Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹9.66 | ₹9.49 | ₹0.19 |
| 2022 | ₹9.38 | ₹9.16 | ₹0.19 |
| 2023 | ₹9.55 | ₹9.24 | ₹0.25 |
| December 2023 | ₹6.31 | ₹5.64 | ₹0.24 |
Magenta Lifecare IPO Valuation – FY2023
Check Magenta Lifecare IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹0.53 per Equity Share |
| Price/Earning P/E Ratio: | 65.97 |
| Return on Net Worth (RoNW): | 4.71% |
| Net Asset Value (NAV): | ₹13.07 per Equity Share |
Peer Group
- Sheela Foam Limited
- Tirupati Foam Limited
Company Promoters
- Divyesh Modi
- Khyati Modi
Magenta Lifecare IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Magenta Lifecare IPO Allotment Status
Check Magenta Lifecare IPO allotment status on Cameo website URL. Click Here
Magenta Lifecare IPO Lead Managers aka Merchant Bankers
- Fedex Securities Pvt Ltd
Company Address
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 FAQs
1. What are the IPO dates for Magenta Lifecare?
- The IPO opens on June 5, 2024, and closes on June 7, 2024.
2. What is the price band for the Magenta Lifecare IPO?
- The price band for the IPO is fixed at ₹35 per share.
3. What is the minimum market lot for the Magenta Lifecare IPO?
- The minimum market lot is 4000 shares.
4. What is the application amount for the minimum market lot?
- The application amount for the minimum market lot is ₹140,000.
5. When is the allotment date for the Magenta Lifecare IPO?
- The allotment date is June 10, 2024.
6. When is the Magenta Lifecare IPO expected to list?
- The IPO is expected to list on June 12, 2024.
7. What is the last reported Grey Market Premium (GMP) for the Magenta Lifecare IPO?
- The last reported GMP is ₹28, as of June 3, 2024, at 7:53 PM.
8. What is the estimated listing price for the Magenta Lifecare IPO based on the GMP?
- The estimated listing price is ₹63 (cap price of ₹35 + GMP of ₹28).
9. What is the expected percentage gain/loss per share based on the GMP?
- The expected gain per share is approximately 80%.
10. What types of products does Magenta Lifecare manufacture?
- Magenta Lifecare manufactures foam-based products such as mattresses and pillows, including memory foam, latex-based, bonded mattresses, pocketed springs, memory foam pillows, molded memory foam pillows, and molded contour foam pillows.
11. How does Magenta Lifecare distribute its products?
- Magenta Lifecare sells its products through a network of distributors and dealers/retailers across multiple states in India, using both offline channels (multi-brand outlets and dealers) and online e-commerce platforms.
12. What are some of the innovative products introduced by Magenta Lifecare?
- Some innovative products include green tea and bamboo charcoal-based herbal mattresses and pet bed mattresses.
13. Does Magenta Lifecare offer customization options for their products?
- Yes, Magenta Lifecare offers extensive customization options in terms of fabric, shape, firmness, material, height, foam type & density, personalization, utility, and structure.
