Magenta Lifecare IPO Date, Review, Price, Allotment Details

Magenta Lifecare IPO Details: Magenta Lifecare IPO date is fixed, The IPO will open on June 5 and will close on June 7. Magenta Lifecare is a BSE SME IPO to raise ₹7 crores via IPO. The Magenta Lifecare IPO price band is fixed at ₹35 with a market lot of 4000 shares.

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Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum14000₹140,000
Retail Maximum14000₹140,000
S-HNI Minimum28000₹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
YearRevenueExpensePAT
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/

Magenta Lifecare IPO FAQs


What is Magenta Lifecare IPO?

Magenta Lifecare IPO is an BSE SME IPO. They are going to raise ₹7 Crores via IPO. The issue is priced at ₹35 per equity share. The IPO is to be listed on BSE.

When Magenta Lifecare IPO will open?

The IPO is to open on June 5, 2024 for NII, and Retail Investors.

What is Magenta Lifecare IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Magenta Lifecare IPO?

You can apply Magenta Lifecare IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Magenta Lifecare IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Magenta Lifecare”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Magenta Lifecare IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Magenta Lifecare”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Magenta Lifecare IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Magenta Lifecare”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Magenta Lifecare IPO Size?

Magenta Lifecare IPO size is ₹7 crores.

What is Magenta Lifecare IPO Price Band?

Magenta Lifecare IPO Price Band is ₹35 per equity share.

What is Magenta Lifecare IPO Minimum and Maximum Lot Size?

The IPO bid is 4000 shares with ₹140,000.

What is Magenta Lifecare IPO Allotment Date?

Magenta Lifecare IPO allotment date is June 10, 2024.

What is Magenta Lifecare IPO Listing Date?

Magenta Lifecare IPO listing date is June 12, 2024. The IPO to list on BSE SME.

Note: The Magenta Lifecare IPO details are announced officially. The IPO grey market premium (Magenta Lifecare IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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