Magenta Lifecare Ltd IPO

Magenta Lifecare Ltd IPO

Consumer Durables

sme

Bidding period

05 Jun 2024 - 07 Jun 2024

Bid price

₹35.00 - ₹35.00

Listing on

BSE-SME

Listing date

12 Jun 2024

Lot size

4000 shares

Issue size

₹7.00 crore


Minimum investment

₹1,40,000.00 / 1 lot

Maximum investment

₹1,40,000.00 / 1 lot

Bidding closed on 07 Jun 2024

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Magenta Lifecare Ltd IPO dates

IPO opening date

05 Jun 2024

IPO end date

07 Jun 2024

Allotment date

10 Jun 2024

Initiation of refunds

11 Jun 2024

Credit of shares to demat

11 Jun 2024

IPO listing date

12 Jun 2024

Magenta Lifecare Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹13.06
Total liabilities ₹13.06
Total expenditure ₹8.02
Total revenue ₹9.05
Profit after tax ₹0.74
EBITDA ₹1.78
Adjusted EBITDA ₹0.00

Magenta Lifecare Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 78.52 55.66
Public group 21.48 44.34

Magenta Lifecare Ltd strengths and risks

Information currently unavailable

  • 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.

  • 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.

  • 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 Company's 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.

How to check the allotment status of the Magenta Lifecare Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Magenta Lifecare Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Magenta Lifecare Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Magenta Lifecare Ltd IPO registrar

Cameo Corporate Services Ltd

Phone number 044 4002 0700
E-mail ID ipo@cameoindia.com
Website www.cameoindia.com

Magenta Lifecare Ltd IPO reservation

QIB shares offered

0 (0.0%)

NII (HNI) shares offered

9,48,000 (47.4%)

Retail shares offered

9,48,000 (47.4%)

Anchor investor shares offered

0 (0.0%)

Total shares offered

20,00,000

Total shares with anchor investor

20,00,000

Magenta Lifecare Ltd IPO lead manager

  • Fedex Securities Pvt Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Magenta Lifecare Ltd IPO?

The listing date for the Magenta Lifecare Ltd IPO is 12 Jun 2024.

What is the issue size of Magenta Lifecare Ltd IPO?

The issue size of the Magenta Lifecare Ltd IPO is ₹7.00 cr.

What is the minimum lot size needed for Magenta Lifecare Ltd IPO?

The minimum lot size for Magenta Lifecare Ltd IPO is 4000

When does the Magenta Lifecare Ltd open and close?

Magenta Lifecare Ltd IPO is open from 05 Jun 2024 to 07 Jun 2024.

How can I apply for the Magenta Lifecare Ltd IPO?

To apply for the Magenta Lifecare Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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