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Magenta Lifecare Ltd IPO

Magenta Lifecare Limited is manufacturer of foam-based product such as mattresses and pillows which is marketed under its brand Magenta in India. Its Product offerings include wide range of mattresses such as memory foam, latex based, bonded mattresses, pocketed spring etc. and pillows such as memory foam pillow, molded memory foam pillow, molded contour foam pillow etc. The company believes that its success is attributable to the quality of products that it offers to its customers, spread across retail, hotels and institutions.

Magenta Lifecare Ltd IPO Details

Total Shares Offered

₹ 20,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 9,48,000

Pre Issue Promoters Holding

₹ 38,23,800

Exchange

BSE

Issue size

TBA

IPO Open Date

Jun 5, 2024

Close Date

Jun 7, 2024

Lot Size

4000

Min Investment

TBA

Issue Type

Fixed Price - SME

Listing Date

Jun 12, 2024

Magenta Lifecare Ltd IPO Dates

Jun 5, 2024

Opening date

Jun 7, 2024

Closing date

Jun 10, 2024

Basis of Allotment

Jun 11, 2024

Initiation of Refunds

Jun 11, 2024

Credit of Shares

Jun 12, 2024

Listing date

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*
QIB	0x	0
NII	0x	948000
Retail	0x	948000
Employee	0x	0
Total	0x	2000000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

948000

2000000

Magenta Lifecare Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	0.27	1.23	0.52
EBITDA	0.47	1.43	0.72
PAT	0.08	0.74	0.25
Total Assets	13.53	9.63	8.57
Share Capital	6.87	4.87	1.54
Total Borrowings	0.08	0.07	0.07
Operating Activities (Net Cash)	0.28	0.94	0.45
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	0.08	0.07	0.07
Net Cashflow	1.44	0.18	0.34

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 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.

How To Apply for Magenta Lifecare Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Magenta Lifecare Ltd IPO?

Magenta Lifecare Ltd's IPO offers shares for up to 7 It begins on Jun 5, 2024 and ends on Jun 7, 2024.

What is the price of the Magenta Lifecare Ltd IPO?

The price of Magenta Lifecare Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the Magenta Lifecare Ltd IPO?

The Magenta Lifecare Ltd IPO opens on Jun 5, 2024 and closes on Jun 7, 2024.

When will the Magenta Lifecare Ltd IPO be allotted?

The allotment for the Magenta Lifecare Ltd IPO will be finalised on Jun 10, 2024. The shares will be listed on BSE and NSE on Jun 12, 2024.

What is the minimum lot size required for Magenta Lifecare Ltd IPO?

The minimum lot size for Magenta Lifecare Ltd IPO is 4000 shares, priced between NA to NA per share.

What is the GMP of Magenta Lifecare Ltd IPO?

The GMP (Grey Market Premium) of Magenta Lifecare Ltd IPO fluctuates based on market demand and sentiment.

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

To check the allotment status of Magenta Lifecare Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Magenta Lifecare Ltd IPO getting listed?

The Magenta Lifecare Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 5, 2024, and closes on Jun 7, 2024. The allotment is finalised on Jun 10, 2024.

How do you apply for the Magenta Lifecare Ltd IPO?

To apply for the Magenta Lifecare Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.