Magenta Lifecare Ltd IPO
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Magenta Lifecare Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| 20 L | TBA | 9.48 L | 38.24 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 05 Jun, 24 | 07 Jun, 24 | 4000 | TBA | Fixed Price - SME | 12 Jun, 24 |
Magenta Lifecare Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 39996000 |
| NII | 1145.89x | 948000 | 1086300000 |
| Retail | 778.41x | 948000 | 737932000 |
| Employee | 0x | 0 | 0 |
| Total | 932.11x | 2000000 | 1864228000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Magenta Lifecare Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 0.52 | 0.43 | 0.37 |
| EBITDA | 0.72 | 0.63 | 0.57 |
| PAT | 0.25 | 0.19 | 0.19 |
| Total Assets | 8.57 | 9.54 | 9.86 |
| Share Capital | 1.54 | 1.42 | 1.22 |
| Total Borrowings | 4.03 | 4.44 | 4.94 |
| Operating Activities (Net Cash) | 0.45 | 0.39 | 0.39 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 4.03 | 4.44 | 4.94 |
| Net Cashflow | 0.34 | 0.34 | 0.27 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Magenta Lifecare Ltd
Magenta Lifecare Limited was originally incorporated as Magenta Lifecare Private Limited as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated August 04, 2015, issued by the Assistant Registrar of Companies, Gujarat. Subsequently, upon the conversion of the Company into a public limited company, pursuant to a special resolution passed by its shareholders on June 19, 2023, the name of the Company was changed to Magenta Lifecare Limited and a fresh certificate of incorporation dated July 05, 2023 was issued by the Registrar of Companies, Ahmedabad.
India's nominal gross domestic product (GDP) at current prices is estimated to be at US$ 3.31 trillion (Rs. 272.41 trillion) in FY22. Additionally, the Nominal GDP at current prices in Q3 of 2022-23 was US$ 874.84 billion (Rs. 71.82 trillion), as against US$ 792.3 billion (Rs. 65.05 trillion) in 2021-22, estimating a growth of 10.4%. With 115 unicorns valued at more than US$ 350 billion, as of February 2023, India presently has the third-largest unicorn base in the world.
Peer Comparison:
- Sheela Foam Ltd
- Tirupati Foam Ltd
Magenta Lifecare Ltd IPO Key Points
Strengths
- Increase brand awareness and Equity to Acquire New Customers.
- Drive Continued Operational Excellence.
- Continue to focus on development of personalized products.
- Enhance customer base by entering new geographies.
- Expand its distribution network.
Risk
- If the company is unable to anticipate or respond to changing consumer preferences and trends pertaining to its products and foam industry in a timely and effective manner, the demand for its products may decline, which may have an adverse effect on its business, results of operations and financial condition.
- The Company may be unable to implement new technologies for the company's business operations in a timely and cost-effective manner, or at all, which could adversely affect its business, results of operations, cash flows and financial condition.
- The Company may be unable to obtain, renew or maintain statutory and regulatory permits, licenses and approvals required to operate its business and operate its manufacturing facilities, which could result in an adverse effect on its results of operations.
Strategy
- Increase Brand Awareness and Equity to Acquire New Customers.
- Drive Continued Operational Excellence.
- Continue to focus on development of personalized products.
- Enhance customer base by entering new geographies.
- Expand its distribution network.
- Increase brand awareness and Equity to Acquire New Customers.
- Drive Continued Operational Excellence.
- Continue to focus on development of personalized products.
- Enhance customer base by entering new geographies.
- Expand its distribution network.
How To Apply for Magenta Lifecare Ltd Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
