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SME IPO Status: Listed [5th Jun 2024 to 7th Jun 2024]
Magenta Lifecare IPO, a SME IPO of ₹7.00 Cr was launced on 05-06-2024 to 07-06-2024 and the shares got listed on BSE SME on 12-06-2024.
The public issue of Magenta Lifecare IPO (544188) was offered at ₹35.00 per share and the ipo was listed at ₹45.00. It has delivered listing gain of 28.57%.
As the minimum lot size was 4000 shares, the IPO has offered Rs 40000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 5th Jun 2024 |
| SME IPO Issue Closing Date: | 7th Jun 2024 |
| SME IPO Issue Price: | ₹35.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹7.00 Cr |
| Fresh Issue: | ₹7.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 84.06% |
| Promoter Holding Post IPO: | 59.59% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544188 |
Get important updates regarding Magenta Lifecare SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 10th Jun 2024 |
| Refunds Initiation* | 11th Jun 2024 |
| Credit of Shares to Demat* | 11th Jun 2024 |
| SME IPO Listing Date* | 12th Jun 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹35.00 |
| Market Lot: | 4000 Shares |
| 1 Lot Amount: | ₹140000 |
| Min HNI Lots: | 8000 shares (2 lots)- ₹280000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12-06-2024 | 35.00 | 15 | 45600 | ₹50 (42.86%) | 12-Jun-2024 10:30 |
Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Magenta Lifecare Limited was founded in August 2015. The company manufactures foam-based products such as mattresses and pillows marketed under the brand “Magenta” in India. The product range includes a wide range of mattresses like memory foam, latex mattresses, composite mattresses, pocket spring mattresses, and pillows like memory foam pillows, molded memory foam pillows, and molded foam pillows, etc. They have also included herbal mattresses based on green tea, bamboo charcoal, and pet mattresses in their product range. In addition, they also supply processed raw foam and adjustable bed frames (hydraulic beds), which they import under their Magenta brand.
They have established a network of distributors and dealers/retailers across several states in India. They sell their products through offline channels of multi-brand stores, a network of dealers, and an online e-commerce platform. Distributors are appointed on a regional basis.
The company is capable of manufacturing both standardized and customized products. The manufacturing facility of the company is located at N P Patel Estate, A & T Padamla, Vadodara-391350, Gujarat, India. The installed capacity for the production of mattresses is currently 60,000 units and for the production of pillows 70,000 units.
| Incorporation | Sector | IPO Issue Size | Website |
| 2015 | Furniture Home Furnishing | ₹7.00 Cr | https://www.magentamattresses.com/ |
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
1. Funding our working capital requirements; and
2. General corporate purposes
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 948,000 (50%) | 948,000 (50%) | 1,896,000 | |
| 1 | 5th Jun 2024 19:04 | 9.43x | 39.50x | 24.49x |
| 2 | 6th Jun 2024 19:04 | 66.50x | 174.84x | 120.75x |
| 3 | 7th Jun 2024 18:21 | 1,145.78x | 778.41x | 983.19x |
Magenta Lifecare Limited's revenue increased by 1.79% and profit after tax (PAT) rose by 29.96% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,505.71 | 1,250.93 | 1,415.60 | 1,459.78 |
| Revenue | 630.74 | 955.29 | 938.47 | 966.14 |
| Profit After Tax | 24.36 | 24.55 | 18.89 | 19.44 |
| Net Worth | 634.18 | 520.81 | 361.73 | 142.85 |
| Reserves and Surplus | 147.19 | 366.57 | 219.72 | 20.84 |
| Total Borrowing | 447.83 | 453.01 | 757.53 | 982.73 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Magenta Lifecare Limited | 0.53 | 0.53 | 11.26 | 65.97 | 4.71 | |
| Sheela Foam Ltd | 20.81 | 20.81 | 164.03 | 44.65 | 12.69 | Consolidated |
| Tirupati Foam Ltd | 4.31 | 4.31 | 66.04 | 17.85 | 6.53 | Consolidated |
Last Updated on 16-Jun-2024 07:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Magenta Lifecare SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Magenta Lifecare SME IPO with Zerodha.
Alternate approch to apply in Magenta Lifecare SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Magenta Lifecare SME IPO Review and Important Updates
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To subscribe or apply in Magenta Lifecare SME IPO, you can use the following methods:
| Magenta Lifecare SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Magenta Lifecare SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Magenta Lifecare SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Magenta Lifecare SME IPO. Most of the Syndicate Banks provide access to apply in Magenta Lifecare IPO via ASBA process. You must have your net banking access, DP ID information to apply in Magenta Lifecare SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Magenta Lifecare SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Magenta Lifecare SME IPO Review and Important Updates
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Magenta Lifecare SME IPO is going to be list on 12-06-2024. BSE Code for Magenta Lifecare is 544188.
Other relevant questions:
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Magenta Lifecare SME IPO Allotment Date is 10-06-2024.
Other relevant questions:
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