Issue Price
₹35
Per Share
GMP
NIL
Grey Market
Est. Listing
₹35
Expected Price
Min. Application
₹280,000
2 lots × 4000 shares
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.
Magenta Lifecare Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 104,000 | — | ₹0.36 Cr | — |
| TOTAL | 2,000,000 | 100.00% | ₹7.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹140,000 |
| Retail (Max) | 13 | 52,000 | ₹1,820,000 |
| sNII (Min) | 14 | 56,000 | ₹1,960,000 |
| bNII (Min) | 68 | 272,000 | ₹9,520,000 |
| Particulars | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 630.74 | 955.29 | 938.47 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 24.36 | 24.55 | 18.89 |
| Net Worth | 634.18 | 520.81 | N/A |
| Total Assets | 1505.71 | 1250.93 | 1415.60 |
| Reserves & Surplus | 520.81 | 366.57 | 219.72 |
| Total Borrowings | 447.83 | 453.01 | 757.53 |