Magenta Lifecare IPO
IPO Details
- Open Date
05 Jun 2024
- Close Date
07 Jun 2024
- IPO Price Range
₹ 35
- IPO Size
₹ 7.00 Cr
- Listing Exchange
BSE SME
- Listing Date
12 Jun 2024
IPO Timeline
Magenta Lifecare IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 05-Jun-24 | - | 9.43 | 39.50 | 24.49 |
| 06-Jun-24 | - | 66.50 | 174.84 | 120.75 |
| 07-Jun-24 | - | 1,145.78 | 778.41 | 983.19 |
Last Updated: 25 June 2024 4:39 PM by 5Paisa
Last Updated: 07th June, 2024 by 5paisa
Magenta Lifecare IPO is all set to open from 5th June to 7th June 2024. The company makes various foam-based products such as mattresses and pillows. The IPO includes a fresh issue of 2,000,000 shares worth ₹7 cr. The share allotment date is 10th June 2024, and the IPO will be listed on 12th June 2024 on the stock exchanges. The price band is ₹35 and the lot size is 4000 shares.
Fedex Securities Private Limited is the book-running lead manager for this IPO, while Cameo Corporate Services Limited is the registrar.
Objectives of Magenta Lifecare IPO
Magenta Lifecare Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● General corporate purposes.
Established in 2015, Magenta Lifecare makes various foam-based products such as mattresses and pillows. These products are marketed under the brand name “Magenta”. Its product line consists of mattresses including memory foam, latex based, bonded mattresses, pocketed spring etc. and pillows including memory foam pillow, molded memory foam pillow, molded contour foam pillow, etc.
The company’s manufacturing unit is based in Vadodara, Gujarat. It sells products via i) offline channels of multi brand outlets ii) through a network of dealers iii) an online e-commerce platform.
Peer Comparison
● Systango Technologies Limited
● Dev Information Technology Limited
● TAC Infosec Limited
For More Information:
Webstory on Magenta Lifecare IPO
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 9.06 | 9.24 | 9.64 |
| EBITDA | 0.87 | 1.06 | 1.04 |
| PAT | 0.24 | 0.18 | 0.19 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 12.50 | 14.15 | 14.59 |
| Share Capital | 1.54 | 1.42 | 1.22 |
| Total Borrowings | 7.30 | 10.53 | 13.16 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 2.17 | 1.36 | 1.08 |
| Net cash from / (used in) investing activities | -0.0225 | -0.0229 | -0.31 |
| Net cash flow from / (used in) financing activities | -2.14 | -1.26 | -0.56 |
| Net increase (decrease) in cash and cash equivalents | 0.0043 | 0.068 | 0.21 |
Strengths
1. The company has a diversified customer base and a long-standing relationship with customers.
2. It also has an extensive and well-developed pan-India sales and distribution network.
3. Along with that, the company has a diversified Product portfolio.
4. The company has a strong focus on quality.
5. Experienced management team.
Risks
1. Underutilization of manufacturing capacities can impact the business.
2. The company operates in a highly competitive industry.
3. It has reported negative cash flow in the past.
in 3
easy steps
Using 5paisa App or
Website
to block Payment
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*
FAQs
Magenta Lifecare IPO opens from 5th June to 7th June 2024.
The size of Magenta Lifecare IPO is ₹7 cr.
To apply for Magenta Lifecare IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Magenta Lifecare IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The price band of Magenta Lifecare IPO is fixed at ₹35 per share.
The minimum lot size of Magenta Lifecare IPO is 4000 shares and the investment required is ₹1,40,000.
The share allotment date of Magenta Lifecare IPO is 10th June 2024.
The Magenta Lifecare IPO will be listed on 12th June 2024.
Fedex Securities Private Limited is the book-running lead manager for Magenta Lifecare IPO.
Magenta Lifecare Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● General corporate purposes.
Contact Information
Magenta Lifecare
Magenta Lifecare Limited
N P Patel Estate,
A & T Padamla,
Vadodara – 391350, Gujarat, India
Phone: +91 7573022234
Email: info@magentalifecare.com
Website: https://www.magentamattresses.com/
Magenta Lifecare IPO Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Magenta Lifecare IPO Lead Manager
Fedex Securities Pvt Ltd
