Magenta Lifecare Limited IPO
- IPO Date05 Jun, 2024 to 07 Jun, 2024
- Listing Date12 Jun, 2024
- Face Value₹10 per share
- Issue Price₹35 to ₹35 per share
- Lot Size4000 Shares
- Minimum Investment₹1,40,000
- Listing AtBSE SME
- Total Issue Size20,00,000 Shares
(aggregating up to ₹7.00 Cr) - Fresh Issue20,00,000 Shares
(aggregating up to ₹7.00 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue48,69,936
- Shareholding post issue68,69,936
IPO Dates
Closing Date
07 Jun, 2024
Initiation of Refunds
11 Jun, 2024
Listing Date
12 Jun, 2024
05 Jun, 2024
Opening Date
10 Jun, 2024
Basis of Allotment
11 Jun, 2024
Credit of Shares
Magenta Lifecare Limited Lot Size
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹1,40,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 4000 | ₹1,40,000 |
| S-HNI (Min) | 2 | 8000 | ₹2,80,000 |
Magenta Lifecare Limited Promoter Holding
Divyesh Modi and Khyati Modi are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 84.06% | 59.59% |
Magenta Lifecare Limited COMPANY INFORMATION
Magenta Lifecare IPO is a fixed price issue of Rs 7.00 crores. The issue is entirely a fresh issue of 20 lakh shares. Magenta Lifecare IPO bidding started from June 5, 2024 and ended on June 7, 2024. The allotment for the Magenta Lifecare IPO is expected to be finalized on Monday, June 10, 2024. Magenta Lifecare IPO will list on BSE SME with tentative listing date fixed as Wednesday, June 12, 2024. Magenta Lifecare IPO price is ₹35 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹280,000. Fedex Securities Pvt Ltd is the book running lead manager of the Magenta Lifecare IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Magenta Lifecare IPO is Sunflower Broking. Refer to Magenta Lifecare IPO RHP for detailed 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.
As of date of Prospectus, The company's overall staff strength is 41 employees. The products the company offers to the customers are spread across retail, hotels and institutions.
Competitive Strengths:
- Diversified customer base and long-standing relationship with the customers.
- Extensive and well-developed pan-India sales and distribution network.
- Diversified Product portfolio.
- Experienced Promoter Directors with extensive domain knowledge.
- Quality assurance and accreditations.
FAQs About Magenta Lifecare Limited Ipo
Magenta Lifecare Limited IPO will open on 05 Jun, 2024 and close on 07 Jun, 2024. Investors must apply within this period to participate.
The Magenta Lifecare Limited IPO price band is set between ₹35.00 and ₹35.00 per share. The minimum lot size is 4000, requiring an investment of at least ₹140000.00.
The Magenta Lifecare Limited IPO shares are expected to be listed on 12 Jun, 2024, subject to regulatory approvals and final allotment.
You can track your Magenta Lifecare Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Magenta Lifecare Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.