Magenta Lifecare is a manufacturer of foam-based products such as mattresses and pillows which are marketed under their brand “Magenta” in India. Their Product offerings include a wide range of mattresses such as memory foam, latex-based, bonded mattresses, pocketed springs, etc., and pillows such as memory foam pillows, molded memory foam pillows, molded contour foam pillows, etc. They believe that their success is attributable to the quality of products that they offer to their customers, spread across retail, hotels, and institutions. Driven by innovation, they strive to introduce new and innovative products continuously with the help of their team. For instance, they have introduced green tea and bamboo charcoal-based herbal mattresses and pet bed mattresses in their range of products. Further, they also supply processed raw foam and adjustable bed frames (hydraulic bed) which they import under their brand Magenta.
They believe that their product offering is across the section of society from value-added products to premium segments. Their thoughtfully-designed products provide comfort, with ergonomic design, thermal comfort, pressure relief, motion isolation, easy position realignment, and long-term durability. They believe that their products are designed to support, comfort, and cool the body, leading to better-quality sleep. They believe that they offer mattresses with diverse customization options in terms of fabric, shape, firmness, material, height, foam type & density, personalization, utility, and structure.
They have developed a distributor and dealer/retailer network across multiple states in India. They sell their products through offline channels of multi-brand outlets and a network of dealers and also through online e-commerce platforms. Their distributors are appointed region-wise.
Objects of the Issue:
- Funding our working capital requirements
- General corporate purposes
Magenta Lifecare IPO Review
- May Apply
Magenta Lifecare IPO Date & Price Band Details
| IPO Open: | June 5, 2024 |
| IPO Close: | June 7, 2024 |
| IPO Size: | Approx ₹7 Crores, 2,000,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹35 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Magenta Lifecare IPO Market Lot
The Magenta Lifecare IPO minimum market lot is 4000 shares with a ₹140,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 4000 | ₹140,000 |
| Retail Maximum | 1 | 4000 | ₹140,000 |
| S-HNI Minimum | 2 | 8000 | ₹280,000 |
Magenta Lifecare IPO Dates
The Magenta Lifecare IPO date is June 5 and the IPO close date is June 7. The IPO allotment date is June 10 and the IPO might list on June 12.
| IPO Open Date: | June 5, 2024 |
| IPO Close Date: | June 7, 2024 |
| Basis of Allotment: | June 10, 2024 |
| Refunds: | June 11, 2024 |
| Credit to Demat Account: | June 11, 2024 |
| IPO Listing Date: | June 12, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Magenta Lifecare IPO Form
How to apply Magenta Lifecare IPO? You can apply Magenta Lifecare IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Magenta Lifecare IPO in the Invest section. The other option you can apply Magenta Lifecare IPO via IPO forms download via the BSE website. Check out the Magenta Lifecare forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Magenta Lifecare Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹9.66 | ₹9.49 | ₹0.19 |
| 2022 | ₹9.38 | ₹9.16 | ₹0.19 |
| 2023 | ₹9.55 | ₹9.24 | ₹0.25 |
| December 2023 | ₹6.31 | ₹5.64 | ₹0.24 |
Magenta Lifecare IPO Valuation – FY2023
Check Magenta Lifecare IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹0.53 per Equity Share |
| Price/Earning P/E Ratio: | 65.97 |
| Return on Net Worth (RoNW): | 4.71% |
| Net Asset Value (NAV): | ₹13.07 per Equity Share |
Peer Group
- Sheela Foam Limited
- Tirupati Foam Limited
Company Promoters
- Divyesh Modi
- Khyati Modi
Magenta Lifecare IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
Magenta Lifecare IPO Allotment Status
Check Magenta Lifecare IPO allotment status on Cameo website URL. Click Here
Magenta Lifecare IPO Lead Managers aka Merchant Bankers
- Fedex Securities Pvt Ltd
Company Address
Magenta Lifecare Limited
N P Patel Estate,
A & T Padamla,
Vadodara – 391350, Gujarat, India
Phone: +91 7573022234
Email: [email protected]
Website: https://www.magentamattresses.com/
