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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,505.711,250.931,415.601,459.78
Revenue630.74955.29938.47966.14
Profit After Tax24.3624.5518.8919.44
Net Worth634.18520.81361.73142.85
Reserves and Surplus147.19366.57219.7220.84
Total Borrowing447.83453.01757.53982.73
Amount in ₹ Lakhs

Magenta Lifecare Limited Day-wise IPO GMP Trend

GMP DateIPO PriceGMP MovementEstimated Listing PriceLast Updated
12-06-2024 Listing35.00₹15 – No Change₹50 (42.86%)12-Jun-2024 10:30
11-06-202435.00₹15 – Up₹50 (42.86%)12-Jun-2024 0:29
10-06-2024 Allotment35.00₹11 – No Change₹46 (31.43%)10-Jun-2024 9:53
09-06-202435.00₹11 – Up₹46 (31.43%)10-Jun-2024 0:25
08-06-202435.00₹8 – Down₹43 (22.86%)9-Jun-2024 0:32
07-06-2024 Close35.00₹16 – Down₹51 (45.71%)8-Jun-2024 0:25
06-06-202435.00₹23 – Down₹58 (65.71%)6-Jun-2024 10:27
05-06-2024 Open35.00₹28 – No Change₹63 (80%)6-Jun-2024 0:28
04-06-202435.00₹28 – No Change₹63 (80%)5-Jun-2024 0:24
03-06-202435.00₹28 – Up₹63 (80%)4-Jun-2024 0:23
02-06-202435.00₹0 – No Change₹ (0%)2-Jun-2024 7:03
01-06-202435.00₹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)

EventTentative Date
Opening Date5th Jun 2024
Closing Date7th Jun 2024
Basis of Allotment10th Jun 2024
Initiation of Refunds11th Jun 2024
Credit of Shares to Demat11th Jun 2024
Listing Date12th Jun 2024
Cut-off time for UPI mandate confirmation5 PM on June 7, 2024

Prospectus File

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