Ashok Rathi

Magenta Lifecare Limited IPO Detail Date Review 2024

Magenta Lifecare Limited was incorporated in 2015. Magenta Lifecare Limited IPO subscription opens from 5 June 2024 and issue closes on 7 June 2024. IPO Face value is Rs.10 per share. IPO Issue bid size is  Rs.35 per share. The lot size is 4000 shares per lot. This is a Fixed Price Issue IPO.

  1. Magenta Lifecare Limited Total Issue Size is, 2,000,000 shares and company wants to aggregate up to ₹ 7.00 Cr.
  2. Company Share Holding, Pre Issue is 4,869,936 shares.
  3. Company Share Holding, Post Issue will be 6,869,936 shares.
  4. This IPO is Listing at BSE SME, on 12th June 2024.

Fedex Securities Pvt Ltd is serving as the book-running lead manager for the Magenta Lifecare IPO. Cameo Corporate Services Limited is acting as the registrar for the issue, with Sunflower Broking designated as the market maker for the IPO.

Magenta Lifecare Limited IPO Timeline :

  1. Magenta Lifecare Limited IPO issue opens on 5 June and closes on 7 June 2024.
  2. Cut Off Time of UPI Payment is, 5pm on 7 June 2024.
  3. IPO Issue Basis of Allotment is, 10 June 2024.
  4. Who did not get the allotment of shares, Refunds Initiation begins from 11 June 2024.
  5. Who got the allotment, Shares will be Credited in their Demat Account by 11 June 2024.
  6. Finally IPO lists on Friday 12 June  2024. This was the IPO timeline of Magenta Lifecare Limited IPO.

Magenta Lifecare Limited IPO Reservations for Investor Categories :

Retail Investors Offered Not more than 50% of the Net Shares Issue.

Others Share Investors Offered Shares Not more than 50% of the Net Issue.

Magenta Lifecare Limited IPO Detail Date Review 2024
Magenta Lifecare Limited IPO Detail Date Review 2024

Magenta Lifecare Limited IPO Lot Size Minimum to Maximum allotment for Investors :

  1. Retail Investor can apply for Minimum, 1 lot which has 4000 shares and investing amount ₹ 140,000.
  2. Retail Investor Maximum apply for 1 lot, 1000 shares, amount ₹ 140,000..
  3. HNI Investor Minimum 2 lot,4000 shares, amount ₹ 280,000..

An Intro About Magenta Lifecare Limited:

Incorporated in 2015, Magenta Lifecare Limited specializes in manufacturing mattresses and pillows. The company offers foam-based products under the “Magenta” brand in India.

Magenta Lifecare’s product range includes memory foam, latex-based, bonded mattresses, pocketed springs, and various pillows such as memory foam pillows, molded memory foam pillows, and molded contour foam pillows.

The company’s manufacturing facility is located in Gujarat, India, with an installed capacity of 60,000 mattresses and 70,000 pillows.

As of the date of the Prospectus, Magenta Lifecare employs 41 staff members. The company’s products cater to retail customers, hotels, and institutions.

If you want to check the current IPO status of the on going IPO than here is the check list for IPO Subscription Status
Once you are satisfied with IPO subscription status and want to check the allotment status than click IPO Allotment Status
With the ongoing process of IPO market you can see the ups and downs of grey market premium here at IPO GMP Grey Market Premium
If you want to check out the listing day gain or loss of any IPO in 2024 or later years than click here IPO Performance Tracker
If you are interesting to know more about IPO than see Mainboard IPO List | SME IPO List | Upcoming IPO in 2024 | Rights Issue | NCD List

How to apply for Magenta Lifecare Limited IPO Subscription ?

There are some simple steps to follow

  • First go to your brokers website and login there
  • 2nd after login see the IPO section and click there
  • 3rd click the Magenta Lifecare Limited IPO Service Bid button here
  • 4th enter and confirm your UPI id here, Fill quantity and price than submit this application form.
  • 5th Now visit your UPI app page and approve the amount transaction.
  • 6th Now Finally IPO Bidding process is completed. Now you have subscribed for this IPO application


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