Magenta Lifecare Ltd

Magenta Lifecare Ltd IPO

IPO Price Range: ₹35 - 35

Magenta Lifecare Limited is manufacturer of foam-based product such as mattresses and pillows which is marketed under its brand Magenta in India. Its Product offerings include wide range of mattresses such as memory foam, latex based, bonded mattresses, pocketed spring etc. and pillows such as memory foam pillow, molded memory foam pillow, molded contour foam pillow etc. The company believes that its success is attributable to the quality of products that it offers to its customers, spread across retail, hotels and institutions.

Min Investment

₹1,40,000

IPO Size

₹7 Cr

IPO Status

Closed

Quantity in 1 Lot

4000

Max Bid allowed

1

Listing Exchange

BSE

IPO Application Timeline of Magenta Lifecare Ltd

Open Date5 Jun 2024
Close Date7 Jun 2024
Allotment Date10 Jun 2024
Listing Date12 Jun 2024

Key Statistics

Bid Opening DateBid Opening Date5 Jun 2024
Bid Closing DateBid Closing Date7 Jun 2024
Allotment DateAllotment Date10 Jun 2024
Issue SizeIssue Size₹7Cr
Quantity in 1 lotQuantity in 1 lot4000

Strength and risks

Strength

Strength

  • Increase brand awareness and Equity to Acquire New Customers.

  • Drive Continued Operational Excellence.

  • Continue to focus on development of personalized products.

  • Enhance customer base by entering new geographies.

  • Expand its distribution network.

  • Focus on quality.


Risk

Risk

  • If the company is unable to anticipate or respond to changing consumer preferences and trends pertaining to its products and foam industry in a timely and effective manner, the demand for its products may decline, which may have an adverse effect on its business, results of operations and financial condition.

  • The Company may be unable to implement new technologies for the companys business operations in a timely and cost-effective manner, or at all, which could adversely affect its business, results of operations, cash flows and financial condition.

  • The Company may be unable to obtain, renew or maintain statutory and regulatory permits, licenses and approvals required to operate its business and operate its manufacturing facilities, which could result in an adverse effect on its results of operations.

  • The company does not own its registered office and factory office from which the company carry out itsr business activities.

  • Any delay or default in payment from its distributors, dealer and customers could result in the reduction of its profits and affect the company cash flows.

  • The Company may not be able to sustain if there is no effective implementation of its business and growth strategy.

  • Its Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.

  • Its Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of SEBI (ICDR) Regulations 2018.

  • The company has entered into Related Party Transactions and continue to do so in future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Companys financial condition and results of operations.

  • Its ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.

Promoters Holding

Investors Holdings %
Divyesh Modi44.93%
Khyati Modi34.19%

About Magenta Lifecare Ltd

OrganisationMagenta Lifecare Ltd
HeadquartersVadodara
IndustryConsumer Durables

Frequently Asked Questions

  • What is the size of the Magenta Lifecare Ltd IPO?

    The size of the Magenta Lifecare Ltd IPO is ₹7Cr .

  • What is 'pre-apply' for Magenta Lifecare Ltd IPO?

    'Pre-apply' for Magenta Lifecare Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Magenta Lifecare Ltd IPO order be placed?

    Your Magenta Lifecare Ltd IPO order will be placed on 5 Jun 2024.

  • What are the open and close dates of the Magenta Lifecare Ltd IPO?

    The open and close dates of the Magenta Lifecare Ltd IPO are 5 Jun 2024 to 7 Jun 2024.

  • What is the lot size and minimum order quantity of the Magenta Lifecare Ltd IPO?

    The lot size and minimum order quantity of the Magenta Lifecare Ltd IPO are 4000 and 4000 respectively.

  • What would be the listing gains on the Magenta Lifecare Ltd IPO?

    The potential listing gains on the Magenta Lifecare Ltd IPO will depend on various market factors and cannot be predicted with certainty.