Magenta Lifecare Limited (BSE SME)
Jun 5, 2024 - Jun 7, 2024
| Price | ₹35 - ₹35 |
| Premium | ₹15 |
|---|---|
| Lot size | 4000 |
| Allotment | Jun 10, 2024 |
| Listing | Jun 12, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 4000 | 140000 | 237 |
| HNI | 2 | 8000 | 280000 | 237 |
Last updated on 07 Jun 2024 05:54:59 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 948000 | 1126296000 | 1188.08 |
| Retail | 948000 | 737932000 | 778.41 |
| Total | 1896000 | 1864228000 | 983.24 |
| Total Application : 236,923 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹55.82 | @8% ₹63.8 | @9% ₹71.77 | @10% ₹79.75 | @11% ₹87.72 | @12% ₹95.7 |
Magenta Lifecare IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.4% | 948000 |
| Other | 47.4% | 948000 |
| Market Maker | 5.2% | 104000 |
| Total No. of Shares | 100.0% | 2000000 |
Magenta Lifecare IPO Details
| Issue Size | 2,000,000 shares (aggregating up to ₹7.00 Cr) |
| Fresh Issue | 2,000,000 shares (aggregating up to ₹7.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,869,936 |
| Share holding post issue | 6,869,936 |
| Market Maker portion | 104,000 shares Sunflower Broking |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 5.62% | 5.56% | 7.49% |
| ROCE | 13.41% | 11.86% | 8.95% |
| RONW | 3.84% | 4.71% | 5.22% |
| EPS (Diluted) | 0.50 | 0.53 | 0.44 |
| P/BV | 2.68 | ||
| P/E Pre IPO | 69.43 |
Company Financials
Magenta Lifecare Limited Financial Information (Restated)
Magenta Lifecare Limited's revenue increased by 1.79% and profit after tax (PAT) rose by 29.96% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 1,505.71 | 1,250.93 | 1,415.60 | 1,459.78 |
| Revenue | 630.74 | 955.29 | 938.47 | 966.14 |
| Profit | 24.36 | 24.55 | 18.89 | 19.44 |
| Net Worth | 634.18 | 520.81 | 361.73 | 142.85 |
| Reserves | 147.19 | 366.57 | 219.72 | 20.84 |
| Borrowing | 447.83 | 453.01 | 757.53 | 982.73 |
| Amount in ₹ Lakhs | ||||
About Company
Magenta Lifecare Limited, incorporated in 2015, is a Gujarat-based manufacturer specializing in mattresses and pillows under the brand "Magenta." The company's diverse product portfolio includes memory foam, latex-based, and bonded mattresses, as well as pocketed springs and various types of pillows such as memory foam, moulded memory foam, and moulded contour foam pillows. With an installed manufacturing capacity of 60,000 mattresses and 70,000 pillows, Magenta Lifecare caters to a wide range of customers, including retail, hotels, and institutions, supported by a robust pan-India sales and distribution network. The company prides itself on its diversified customer base, long-standing relationships, and quality assurance, backed by an experienced team of 41 employees and Promoter Directors with extensive domain knowledge.
Strength Factors
Strong Customer Relationships and Diversified Base: Magenta Lifecare Limited has cultivated long-standing relationships with a diverse customer base across retail, hotels, and institutions, ensuring a steady demand for its products.
Comprehensive Sales and Distribution Network: The company boasts an extensive pan-India sales and distribution network, facilitating widespread availability and reach of its products across various regions.
Experienced Leadership and Quality Assurance: With a team of experienced Promoter Directors and a commitment to quality assurance, Magenta Lifecare maintains high standards in its product offerings, ensuring customer satisfaction and trust.
Risk Factors
Adapting to Consumer Preferences: Failure to anticipate or respond to changing consumer preferences and industry trends could lead to a decline in product demand, adversely affecting business operations and financial health.
Lack of Property Ownership: Not owning the registered office and factory premises introduces risks related to tenancy, which could disrupt business activities if lease agreements are not renewed or terms become unfavorable.
Implementation of Growth Strategy: The Company’s sustainability is at risk if it fails to effectively implement its business and growth strategies, potentially hindering expansion and operational efficiency.
Magenta Lifecare IPO Lead Manager(s)
- Fedex Securities Pvt Ltd
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/