Magenta Lifecare Limited SME IPO
Issue Size (Net)
up to ₹ 7 Cr
Price Band
₹ 35 per share
Issue Opens
Jun 5, 2024
Issue Closes
June 07, 2024
1. Company Information
Incorporated in 2015, Magenta Lifecare Limited manufactures mattresses and pillows. The company offers foam-based products under the brand “Magenta” in India. Magenta Lifecare’s product portfolio includes memory foam, latex-based, bonded mattresses, pocketed springs etc. and pillows such as memory foam pillows, moulded memory foam pillows, moulded contour foam pillows etc. Magenta Lifecare Limited’s manufacturing facility is located in Gujarat, India. The installed capacity for manufacturing mattresses is currently at 60,000 Nos. and 70,000 nos. of pillows.
2. Objects of the Issue
1.To Meet Working Capital Requirement;
2.General Corporate Purpose;
3.To Meet the Offer Expenses
Magenta Lifecare Limited Financial Information (Restated Consolidated)
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
Assets | 1,505.71 | 1,250.93 | 1,415.60 | 1,459.78 |
Revenue | 630.74 | 955.29 | 938.47 | 966.14 |
Profit After Tax | 24.36 | 24.55 | 18.89 | 19.44 |
Net Worth | 634.18 | 520.81 | 361.73 | 142.85 |
Reserves and Surplus | 147.19 | 366.57 | 219.72 | 20.84 |
Total Borrowing | 447.83 | 453.01 | 757.53 | 982.73 |
Amount in ₹ Lakhs |
Magenta Lifecare Limited Day-wise IPO GMP Trend
GMP Date | IPO Price | GMP Movement | Estimated Listing Price | Last Updated |
---|---|---|---|---|
12-06-2024 Listing | 35.00 | ₹15 – No Change | ₹50 (42.86%) | 12-Jun-2024 10:30 |
11-06-2024 | 35.00 | ₹15 – Up | ₹50 (42.86%) | 12-Jun-2024 0:29 |
10-06-2024 Allotment | 35.00 | ₹11 – No Change | ₹46 (31.43%) | 10-Jun-2024 9:53 |
09-06-2024 | 35.00 | ₹11 – Up | ₹46 (31.43%) | 10-Jun-2024 0:25 |
08-06-2024 | 35.00 | ₹8 – Down | ₹43 (22.86%) | 9-Jun-2024 0:32 |
07-06-2024 Close | 35.00 | ₹16 – Down | ₹51 (45.71%) | 8-Jun-2024 0:25 |
06-06-2024 | 35.00 | ₹23 – Down | ₹58 (65.71%) | 6-Jun-2024 10:27 |
05-06-2024 Open | 35.00 | ₹28 – No Change | ₹63 (80%) | 6-Jun-2024 0:28 |
04-06-2024 | 35.00 | ₹28 – No Change | ₹63 (80%) | 5-Jun-2024 0:24 |
03-06-2024 | 35.00 | ₹28 – Up | ₹63 (80%) | 4-Jun-2024 0:23 |
02-06-2024 | 35.00 | ₹0 – No Change | ₹ (0%) | 2-Jun-2024 7:03 |
01-06-2024 | 35.00 | ₹0 – No Change | ₹ (0%) | 1-Jun-2024 15:32 |
Magenta Lifecare Limited SME IPO Details
SME IPO Issue Opening Date: | 5th Jun 2024 |
SME IPO Issue Closing Date: | 7th Jun 2024 |
SME IPO Issue Price: | ₹35.00 Per Share |
IPO Listing At: | BSE SME |
Retail Quota: | 50% of the net offer |
SME IPO Issue Type: | Fixed Price Issue |
SME IPO Issue Size: | ₹7.00 Cr |
Fresh Issue: | ₹7.00 Cr |
Face Value: | ₹10 Per Equity Share |
SME IPO Discount: | TBD |
Promoter Holding Pre IPO: | 84.06% |
Promoter Holding Post IPO: | 59.59% |
Magenta Lifecare Limited SME IPO Timeline (Tentative Schedule)
Event | Tentative Date |
---|---|
Opening Date | 5th Jun 2024 |
Closing Date | 7th Jun 2024 |
Basis of Allotment | 10th Jun 2024 |
Initiation of Refunds | 11th Jun 2024 |
Credit of Shares to Demat | 11th Jun 2024 |
Listing Date | 12th Jun 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on June 7, 2024 |