Magenta Lifecare IPO Details
| IPO Size | 7 |
| Price Range | ₹35 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 4000 |
| Investment (cut-off price) | ₹140,000 |
| Pre IPO Promotor Holding | 84.06% |
| Post IPO Promotor Holding | 59.59% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Update soon |
Magenta Lifecare IPO Timelines
05/06/2024
Start Date07/06/2024
End Date11/06/2024
Refund Initiation11/06/2024
Credit of Shares to Demat Ac12/06/2024
Listing DateMagenta Lifecare IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 4000 | ₹140,000 |
| Retail Minimum | 1 | 4000 | ₹140,000 |
| S-HNI Minimum | 2 | 8000 | ₹280,000 |
Magenta Lifecare IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 66.50 x | 174.84 x | -- | 120.75 |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹45 | ₹47.25 | ₹47.25 | ₹45 |
Magenta Lifecare IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹9.66 | ₹9.49 | ₹0.19 |
| FY 2022 | ₹9.38 | ₹9.16 | ₹0.19 |
| FY 2023 | ₹9.55 | ₹9.24 | ₹0.25 |
| FY 2024 (9M) | ₹6.31 | ₹5.64 | ₹0.24 |
About Company
Magenta Lifecare makes various foam-based products such as mattresses and pillows. These products are marketed under the brand name “Magenta”. Its product line consists of mattresses including memory foam, latex based, bonded mattresses, pocketed spring etc. and pillows including memory foam pillow, molded memory foam pillow, molded contour foam pillow, etc. The company’s manufacturing unit is based in Vadodara, Gujarat. It sells products via i) offline channels of multi brand outlets ii) through a network of dealers iii) an online e-commerce platform.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | FMCG | Divyesh Modi |
Know Before Investing
Magenta Lifecare IPO Strengths
- The company has a diversified customer base and a long-standing relationship with customers.
- It also has an extensive and well-developed pan-India sales and distribution network.
- Along with that, the company has a diversified Product portfolio.
- The company has a strong focus on quality.
- Experienced management team.
Magenta Lifecare IPO Risks
- Their business success relies heavily on anticipating and adapting to evolving consumer preferences and industry trends.
- Failure to introduce new products effectively or keep up with changing demands could adversely impact their competitiveness and financial stability.
- Investing in innovation is a core strategy, but challenges in timely adoption of new technologies could significantly impact their competitiveness and financial health.
Swot Analysis for Magenta Lifecare IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
Company Details
Magenta Lifecare Limited
N P Patel Estate,
A & T Padamla,
Vadodara – 391350, Gujarat, India
Phone: +91 7573022234
Email: [email protected]
Website: https://www.magentamattresses.com/
IPO Registar Details
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
FAQs
The key objectives of Magenta Lifecare IPO are:
- Funding their working capital requirements; and
- General corporate purposes
Fedex Securities Ltd. is the book-running lead managers for the Magenta Lifecare.