Magenta Lifecare IPO: Important Things To Consider Before Investing

Magenta Lifecare IPO is open for subscription starting Wednesday, June 5, 2024, and closing on Friday, June 7, 2024. The price of this upcoming IPO is decided at Rs 35 per share. The minimum lot size set for the retail category is 4000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 8000 shares. The minimum investment required for retail category investors is Rs 1,40,000 (35 x 4000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,80,000 (35 x 8000 shares). Magenta Lifecare IPO is a fixed price issue of Rs 7.00 crores. This upcoming IPO is an entirely fresh issue of 20 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, June 10, 2024. Magenta Lifecare IPO will be listed on NSE SME, and the listing date is fixed on Wednesday, June 12, 2024. The book-running lead manager of Magenta Lifecare IPO is Fedex Securities Private Limited. The registrar for this IPO is Cameo Corporate Services Limited. The market maker of this issue is Sunflower Broking.

About Magenta Lifecare Limited

Magenta Lifecare Limited, incorporated in 2015, is engaged in manufacturing mattresses and pillows. They offer foam-based products under the brand name "Magenta" in India. The company's  product portfolio includes memory foam, latex-based, bonded mattresses, pocketed springs, etc. The portfolio also includes memory foam pillows, moulded memory foam pillows, moulded contour foam pillows, etc. The company's manufacturing facility is located in Gujarat, India. The installed capacity for the current manufacturing mattresses is 60,000 nos and 70,000 nos pillows. 

The company believes its success is attributable to the quality of products, spread across retail, hotels, and institutions. Driven by innovation, they strive to introduce new and innovative products continuously with the help of their team. They also believe that their product offering is across the section of society from value-added products to premium segments. Their thoughtfully designed products provide comfort with ergonomic design, thermal comfort, pressure relief, motion isolation, easy position realignment, and long-term durability. Magenta Lifecare has developed a distributor and dealer network across multiple states in India. They sell their products through offline channels of multi-brand outlets and a network of dealers, as well as through online e-commerce platforms. 

Objectives of Magenta Lifecare IPO

The funds raised through this public issue will be used to fund the company's day-to-day capital requirements. The remaining money will be used to fulfil general corporate purposes. 

Financials of Magenta Lifecare Limited (Amt in Rs Lakhs)

Magenta Lifecare posted revenue of Rs 630.74 lakhs and net profit of 24.36 lakhs for the period ending 31 December 2023. For the period ending 31 March 2023, the company reported revenue of Rs 955.29 lakhs and PAT of Rs 24.55 lakhs. The company's revenue increased by 1.79% and PAT increased by 29.96% between the FY ended 31 March 2023 and 31 March 2022. 

Other Important Details of Magenta Lifecare IPO

Time-Table of Magenta Lifecare IPO

Lot Size of Magenta Lifecare IPO

IPO Reservation of Magenta Lifecare Limited

Key Performance Indicator of Magenta Lifecare Limited IPO

The market capitalization of Magenta Lifecare is Rs 24.04 crore.

EPS and P/E Ratio Post IPO

Promoters of Magenta Lifecare Limited and Their Holdings

The promoters of Magenta Lifecare company are Divyesh Modi and Khyati Modi.

Lead Manager(s) of Magenta Lifecare IPO

The lead manager for Magenta Lifecare IPO is Fedex Securities Private Limited.

How do you apply for the Magenta Lifecare IPO?

Wait for the public issue to open for subscription, then click here to apply for the Magenta Lifecare Limited IPO with Bigul.

How do you check the allotment status of Magenta Lifecare IPO?

Cameo Corporate Services Limited is the registrar for Magenta Lifecare IPO. To check your allotment status, please click here.

FAQs

1. What are the details of the Magenta Lifecare IPO?

Magenta Lifecare IPO is a fixed price issue of Rs 7.00 crores. This upcoming IPO is an entirely fresh issue of 20 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, June 10, 2024.

2. Who are the lead managers for the Magenta Lifecare Limited IPO?

Fedex Securities Private Limited is appointed as the lead manager for the IPO.

3. What is the role of Cameo Corporate Services Private Limited in this IPO?

Cameo Corporate Services Limited is the registrar for Magenta Lifecare Limited, handling the IPO's administrative aspects.

4. How can I apply for the Magenta Lifecare IPO?

The public subscription of this new IPO will open on June 5, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The funds raised through this public issue will be used to fund the company's day-to-day capital requirements. The remaining funds will be used to fulfill general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Magenta Lifecare Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Magenta Lifecare Limited?

Magenta Lifecare posted a revenue of Rs 630.74 lakhs and net profit of 24.36 lakhs for the period ending on 31 December 2023. For the period ended on 31 March 2023, the company reported a revenue of Rs 955.29 lakhs and PAT of Rs 24.55 lakhs.