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Open
5 Jun 2024
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Close
7 Jun 2024
3
Allotment
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Listing
Wed, Jun 12, 2024
Price Band
₹35 per share
Issue Size
20,00,000 shares (agg. up to ₹7 Cr)
Lot Size
4,000 Shares
Listing Date
Wed, Jun 12, 2024
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1007.35x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 15.06 | 12.51 | 14.16 | 14.60 |
| Total Income | 6.31 | 9.55 | 9.38 | 9.66 |
| Profit After Tax | 0.24 | 0.25 | 0.19 | 0.19 |
| NET Worth | 6.34 | 5.21 | 3.62 | 1.43 |
| Reserves and Surplus | 1.47 | 3.67 | 2.20 | 0.21 |
| Total Borrowing | 4.48 | 4.53 | 7.58 | 9.83 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Naman In-Store (India) Ltd. | SME | ₹25.35 Cr | ₹89 | 17.95 | ₹118.75 | +33.43% | ₹43.00 (-4.44%) |
| Omfurn India Ltd. | SME | ₹27.00 Cr | ₹75 | 14.78 | ₹76.60 | +2.13% | ₹56.00 (+2.75%) |
| Interiors & More Ltd. | SME | ₹42.00 Cr | ₹227 | 19.7 | ₹283.50 | +24.89% | ₹176.95 (+2.97%) |
| Transteel Seating Technologies Ltd. | SME | ₹49.98 Cr | ₹70 | 10.29 | ₹93.30 | +33.29% | ₹120.60 (-0.17%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding our working capital requirements | 4.24 |
| 2 | General corporate purposes | 1.74 |
About Magenta Lifecare IPO
Incorporated in 2015, Magenta Lifecare Limited manufactures mattresses and pillows. The company offers foam-based products under the brand "Magenta" in India. Magenta Lifecare's product portfolio includes memory foam, latex-based, bonded mattresses, pocketed springs etc. and pillows such as memory foam pillows, moulded memory foam pillows, moulded contour foam pillows etc. Magenta Lifecare Limited's manufacturing facility is located in Gujarat, India. The installed capacity for manufacturing mattresses is currently at 60,000 Nos. and 70,000 nos. of pillows. As of May 2024, the company's overall staff strength is 41 employees. The products the company offers to the customers are spread across retail, hotels and institutions. Competitive Strengths: Diversified customer base and long-standing relationship with the customers. Extensive and well-developed pan-India sales and distribution network. Diversified Product portfolio. Experienced Promoter Directors with extensive domain knowledge. Quality assurance and accreditations. + Read More
Contact Details
Magenta Lifecare Ltd. AddressN P Patel EstateA & T PadamlaVadodara, Gujarat, 391350+91 7573022234info@magentalifecare.comVisit Website