Magenta Lifecare Limited

Company Profile
Company Name Magenta Lifecare Limited
Open Date 05-06-2024
Close Date 07-06-2024
Exchange BSE SME
Lot Size 4000 Shares
Issue Price ₹35 per share
Issue Size 20,00,000 shares
Application Amount ₹ 1,40,000
Recommendation Avoid
Magenta Lifecare Limited was incorporated in 2015 and has its registered office in Vadodara, Gujarat. The Company is a manufacturer of foam-based product such as mattresses and pillows. Further, the Company also supplies processed raw foam and Hydraulic Bed. The Company’s manufacturing facility is located in Vadodara, Gujarat. The Company’s Product offerings include wide range of mattresses and pillows such as Economy mattress, Dezire mattress, Luxuria mattress, Imperia mattress, Spring mattress, Cielo Lite, Elixir, Axilio, Esta, Gel Lite, Orion, Resto, Hydraulic Bed etc. As on 29th May, 2024, the Company had overall staff strength of 41 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 1,459.78 1,415.60 1,250.91 1,505.72
Net Assets 142.85 361.73 520.81 634.18
Total Borrowing 982.73 757.53 453.01 447.83
Total Revenue 966.14 938.47 955.29 630.74
Profit After Tax 19.44 18.90 24.55 24.35

Tentative Timeline

Opening Date 05-06-2024
Closing Date 07-06-2024
Basis of Allotment 10-06-2024
Initiation of Refunds 11-06-2024
Credit of Shares to Demat 11-06-2024
Listing Date 12-06-2024

Objects of the Issue

Funding working capital requirements
General corporate purpose

Contact Information

Registered Office Magenta Lifecare Limited N P Patel Estate, A & T Padamla, Vadodara – 391350, Gujarat, India
Phone +91 7573022234

Registrar Details

Name Cameo Corporate Services Limited
Phone +91-44-28460390

IPO Reservation

Retail Shares Offered 50% of the net offer
Other Shares Offered 50% of the net offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 84.06%
Share Holding Post Issue (Promoters) 59.59%

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