Magenta Lifecare Ltd

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.

Open Demat Account

50years

Magenta Lifecare Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
20 LTBA9.48 L38.24 LBSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
05 Jun, 2407 Jun, 244000 TBA Fixed Price - SME12 Jun, 24

Magenta Lifecare Ltd IPO Details

Magenta Lifecare Ltd IPO Dates

  • 05 Jun 2024

    Opening date

  • 07 Jun 2024

    Closing date

  • 10 Jun 2024

    Basis of
    Allotment

  • 11 Jun 2024

    Initiation of
    Refunds

  • 11 Jun 2024

    Credit of
    Shares

  • 12 Jun 2024

    Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB0x
NII1145.89x
Retail778.41x
Employee0x
Total932.11x

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)FY23FY22FY21
Revenue from operations0.520.430.37
EBITDA0.720.630.57
PAT0.250.190.19
Total Assets8.579.549.86
Share Capital1.541.421.22
Total Borrowings4.034.444.94
Operating Activities (Net Cash)0.450.390.39
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)4.034.444.94
Net Cashflow0.340.340.27

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.

Magenta Lifecare Ltd IPO Key Points

  • 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.

Get your FAQs right

Magenta Lifecare Ltd's IPO offers shares for up to ₹ 0 L It begins on Jun 5, 2024 and ends on Jun 7, 2024.

The price of Magenta Lifecare Ltd IPO ranges between ₹0 to ₹0 per share.

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

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.

The minimum lot size for Magenta Lifecare Ltd IPO is 4000 shares, priced between ₹0 to ₹0 per share.

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

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.'

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.

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.