Magenta Lifecare Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Magenta Life

CMP

22.35

0.00 (0.00%)

  • DRHP
₹35

Offer Price

₹ 7.00 Cr

Issue Size

₹ 1,40,000

Min Investment

4,000

Lot size

Time Line

  • 05
    Jun 2024
    Open
  • 07
    Jun 2024
    Close
  • 10
    Jun 2024
    Finalisation of Basis of Allotment
  • 11
    Jun 2024
    Initiation of Refunds
  • 11
    Jun 2024
    Transfer of Shares to Demat Account
  • 12
    Jun 2024
    Listing Date

Objects of the Offer

  • 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.

Products & Services

  • Magenta Lifecare Limited is manufacturer of foam-based product such as mattresses and pillows.

Strengths

  • 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.

Risks

  • 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 company`s 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.

Company Promoters

Promoters Holding

Issue For IPO
22.86%
Pre Holding

78.52%

Post Holding

55.66%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 9.65 (-) 9.24 (-4.30%) 9.07 (-1.80%)
Gross Profit 0.37 (-) 0.43 (16.20%) 0.52 (20.90%)
Net Income 0.19 (-) 0.19 (0.00%) 0.25 (31.60%)
Assets 11.26 (-) 11.19 (-0.60%) 9.74 (-13.00%)
Liabilities 9.83 (-) 7.57 (-23.00%) 4.53 (-40.20%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Magenta Lifecare Ltd 9.07 0.25 9.74 4.53 4.71 0.00 33.77 3.09 0.47
Sheela Foam Ltd 2,873.32 201.16 2,710.80 2,710.80 12.56 20.81 164.88 7.42 0.29
Tirupati Foam Ltd 101.65 1.90 87.33 87.33 6.53 4.31 65.56 2.17 1.52

Book Running Managers

  • Fedex Securities Pvt Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

N P Patel Estate,
A & T Padamla,
Vadodara - 391350
Phone : +91 75730 22234 Email : info@magentalifecare.com https://www.magentamattresses.com

Offer Related Information

Initial public issue* of 20,00,000 equity shares of face value Rs. 10/- each ("Equity Shares") of Magenta Lifecare Limited ("The Company" or the "Issuer") for cash at a price of Rs. 35 per equity share (including a securities premium of Rs. 25 per equity share) ("Issue Price"), aggregating up to Rs. 7.00 crores (the "Issue"). 1,04,000 equity shares aggregating to Rs. 0.36 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market... More

Magenta Life FAQ's

The shares of Magenta Life were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Magenta Life IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Magenta Life public issue was 125 shares.

The price band of the IPO of Magenta Life was Rs. 114 to Rs. 120 per equity share.

Magenta Life IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Magenta Life IPO.

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