Last updated on December 19th, 2024 at 09:45 pm
Magenta Lifecare IPO overview! Issue Size, GMP, Issue Price, and All Details to Know Magenta Lifecare Limited.
About Magenta Lifecare Limited
Magenta Lifecare Limited manufactures foam-based products, including mattresses and pillows, marketed under the Magenta brand in India. They offer a diverse range of products such as memory foam, latex-based, and bonded mattresses, as well as memory foam and molded contour pillows
Magenta Lifecare IPO Details
- Company: Magenta Lifecare Limited
- Price per Share: ₹35
- Total Shares: 140,000
- Lot Size: 4,000 shares
- Offer Start: 5th June 2024
- Offer End: 7th June 2024
- Allotment: 10th June 2024
- Refund Initiation: 11th June 2024
- Demat Transfer: 11th June 2024
- Listing: 12th June 2024
- Mandate End: 22nd June 2024
- Website: Magenta Lifecare
GMP OF Magenta Lifecare Limited IPO
Magenta Lifecare IPO GMP is ₹8 as of today.
| GMP Date | IPO Price | GMP |
|---|---|---|
| 08-06-2024 | ₹35 | ₹8 |
| 07-06-2024(Close) | ₹35 | ₹16 |
| 06-06-2024 | ₹35 | ₹23 |
| 05-06-2024(Open) | ₹35 | ₹28 |
Promoters
The promoters of Magenta Lifecare Limited are Divyesh Modi and Khyati Modi.
- Divyesh Modi
- Khyati Modi
Summary of Financial Information
| Particulars | Pre Offer (Dec 31, 2023) | Post Offer |
|---|---|---|
| Non-current borrowings (including current maturity of long-term debt) | ₹ 79.95 Lakhs | ₹ 79.95 Lakhs |
| Total current borrowings | ₹ 367.88 Lakhs | ₹ 367.88 Lakhs |
| Total Borrowings | ₹ 447.83 Lakhs | ₹ 447.83 Lakhs |
| Equity Share Capital | ₹ 486.99 Lakhs | ₹ 686.99 Lakhs |
| Reserve and Surplus | ₹ 147.19 Lakhs | ₹ 647.19 Lakhs |
| Total Equity | ₹ 634.18 Lakhs | ₹ 1,334.18 Lakhs |
| Capitalization | ₹ 1,082.01 Lakhs | ₹ 1,782.01 Lakhs |
| Non-current borrowings/Equity | 0.13 | 0.06 |
| Total borrowings/Equity | 0.71 | 0.34 |
Financial Data of last four fiscal years.
| Metric | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Revenue from Operations (₹ Lakh) | 3,677.94 | 2,602.38 | 2,018.14 | 1,877.41 |
| EBITDA (₹ Lakh) | 467.43 | 309.62 | 180.61 | 108.75 |
| EBITDA Margin (%) | 12.71% | 11.89% | 8.95% | 5.79% |
| PAT (₹ Lakh) | 207.23 | 130.54 | 100.13 | 52.34 |
| PAT Margin (%) | 5.63% | 5.02% | 4.96% | 2.79% |
| Net Worth (₹ Lakh) | 634.18 | 520.81 | 361.73 | 142.85 |
| Capital Employed (₹ Lakh) | 1,082.01 | 973.81 | 1,119.24 | 1,125.56 |
| ROCE (%) | 13.41% | 11.86% | 8.95% | 7.64% |
| ROE (%) | 5.62% | 5.56% | 7.49% | 14.60% |
Strengths
- Quality Assurance and Accreditations: The company follows strict quality standards in its manufacturing process and uses CertiPUR-US certified foam, enhancing its products’ reliability and marketability.
- Innovative Product Offerings: Magenta Lifecare continuously introduces new and innovative products, such as green tea and bamboo charcoal-based herbal mattresses, and pet bed mattresses, which helps differentiate it from competitors.
Weaknesses
- Dependence on Imported Materials: It imports certain raw materials and products, such as adjustable bed frames, which may expose it to supply chain disruptions and foreign exchange risks.
- High Borrowings Relative to Equity: As of December 31, 2023, the company had significant borrowings relative to its equity, which could impact financial stability and increase interest expenses .
Opportunities
- Expanding Market in India.
- E-commerce Expansion
Threats
- Market Competition
- Supply Chain Disruptions
- Economic Uncertainties
Also Read: TBI Corn IPO overview! Issue Size, GMP, Issue Price, and All Details to Know
Download Red Herring Prospectus pdf
Magenta Lifecare Communication Details
CORPORATE ADDRESS –
N.P.Patel Estate,
National Highway No.48,
Dist. Vadodara-391350
Gujarat
India
Ph: +91 75730 22021
Customer Care: care@magentalifecare.com
Stock market disclaimer
Note: The information we provide is based on our analysis, do your research before making an investment decision stock market disclaimer.
Most Asked Question about Magenta Lifecare IPO
What is the GMP (Grey Market Premium) for Magenta Lifecare today?
The Grey Market Premium (GMP) of the Magenta Lifecare IPO is ₹8 as of today.
What is the review of Magenta Lifecare’s IPO?
The IPO has received mixed reviews, with a cautious “May Apply” recommendation from analysts due to its high pricing and competitive market environment. It suggests that well-informed investors with surplus funds may consider it for long-term gains (IPO X) (Chittorgarh.com).
What is the price of Magenta Lifecare’s IPO?
Magenta Lifecare’s IPO share price is ₹35, with a ₹10 face value.
What types of mattresses does Magenta Lifecare offer?
Magenta Lifecare offers a variety of mattress such as:
Memory Foam Mattresses, Natural Latex Mattresses, Bonded Foam Mattresses, Gel-Infused Mattresses and more.
What is the current share price of Magenta Lifecare?
Magenta Lifecare current share price is ₹35.
What is the subscription status of Magenta Lifecare’s IPO?
The subscription status of Magenta Lifecare’s IPO indicates that it is oversubscribed. The total quantity of shares applied for at a price of 35.00 is 6,10,80,000 (4,67,32,000 + 1,43,48,000), which is higher than the number of shares available for subscription According to Moneyphobia.
