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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹7.00 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹7.00 Cr |
| Fresh Issue | ₹6.64 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹35.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544188 |
| Registrar | Cameo Corporate Services Ltd. |
| Lead Managers | Fedex Securities Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 4,000 shares and in multiples thereof
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding our working capital requirements | 4.24 |
| 2 | General corporate purposes | 1.74 |
| 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 | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 5.62% |
| ROCE | 13.41% |
| RoNW | 3.84% |
| PAT Margin | 4.05% |
| Price to Book Value | 2.68 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 0.50 | 0.47 |
| P/E (x) | 69.43 | 74.03 |
| Promoter Holding | 84.06% | 59.59% |
| Market Cap | ₹24.04 Cr. | |
