Magenta Lifecare Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹35 - ₹35
- Lot size
- 4,000 shares
- Issue amount
- ₹7 cr
- Total subscription
- 983.24×
- Opens
- 5 Jun 2024
- Closes
- 7 Jun 2024
- Allotment
- 10 Jun 2024
- Listing
- 12 Jun 2024
Offer at a glance
Issue overview
- Issue size
- 20,00,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,40,000
- Fresh issue
- ₹7 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,40,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 48,69,936
- Shares after issue
- 68,69,936
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 4,000 | ₹1,40,000 |
| HNI | 2 | 8,000 | ₹2,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 3.32 | 2,582.76 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 0.5 | 0.53 | 0.44 |
| ROE | 5.62 | 5.56 | 7.49 |
| ROCE | 13.41 | 11.86 | 8.95 |
| RONW | 3.84 | 4.71 | 5.22 |
| PRE IPO(PE) | 2.68 | 0 | 0 |
| POST IPO(PE) | 69.43 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Magenta Lifecare Limited, founded in 2015, is a Gujarat-based company that makes mattresses and pillows under the brand name "Magenta." They offer a wide range of products like memory foam, latex-based, bonded mattresses, and different types of pillows, including memory foam and contour pillows. With the capacity to produce 60,000 mattresses and 70,000 pillows annually, the company serves retail customers, hotels, and institutions across India. Backed by 41 experienced employees and knowledgeable promoters, Magenta Lifecare is known for its quality products, strong customer relationships, and wide distribution network.
Strengths
- Strong Customer Bonds and Diverse Clients: Magenta Lifecare Limited has built long-lasting relationships with a wide range of customers, including retail stores, hotels, and institutions, ensuring consistent demand for its products.
- Wide Sales and Distribution Network: The company has a strong sales and distribution network across India, making its products easily available in various regions.
- Experienced Leadership and Quality Commitment: Led by experienced Promoter Directors, Magenta Lifecare focuses on delivering high-quality products, earning customer trust and satisfaction.
Risk factors
- Adapting to Consumer Preferences: If the company doesn't keep up with changing customer tastes and market trends, demand for its products may decrease, which could hurt business performance and profits.
- Lack of Property Ownership: Since the company rents its office and factory spaces instead of owning them, there’s a risk of business disruption if the lease isn't renewed or if rental terms become unfavorable.
- Implementation of Growth Strategy: The company's future growth depends on how well it executes its business plans. If the strategies are not carried out effectively, it could impact expansion and overall efficiency.
Promoters
Divyesh Modi
Khyati Modi
Registrar & documents
Lead manager
Fedex Securities Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
N P Patel Estate,A & T Padamla, Vadodara – 391350, Gujarat,
+91 7573022234
[email protected]Company website ↗Understanding MAGENTA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.