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Magenta Lifecare IPO
Price Band
₹
Issue Size
₹7.0 Cr
Lot Size
4,000 shares
Min Investment
₹140,000
GMP
+₹15.0 (42.86%)
Issue Price
₹35.0
Subject to Sauda
₹45600
Paid only if allotted
Magenta Lifecare IPO AI Summary
- Magenta Lifecare IPO is listed on BSE SME in the Furniture, Home Furnishing sector.
- Subscription window: 05 Jun–07 Jun 2024, listing on 12 Jun 2024.
- Current GMP is +₹15.0 (42.86%) — unofficial and can change daily.
Magenta Lifecare Limited is a manufacturer of mattresses and pillows with a diverse product range and customer base. The company is seeking to raise funds through its IPO primarily for working capital and corporate purposes. Investors should consider the company's financial performance, market conditions, and their own risk tolerance when evaluating this investment opportunity.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Magenta Lifecare IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 07 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Magenta Lifecare IPO Grey Market Premium (GMP) Today
GMP
+₹15.0
GMP %
+42.86%
Est. Listing
₹50.0
Updated: 25 Jul 2026 14:05
About the Company
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.
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 15.06 | 12.51 | 14.16 | 14.60 |
| Total Income | 6.31 | 9.55 | 9.38 | 9.66 |
| Profit After Tax | 0.24 | 0.25 | 0.19 | 0.19 |
| NET Worth | 6.34 | 5.21 | 3.62 | 1.43 |
| Reserves and Surplus | 1.47 | 3.67 | 2.20 | 0.21 |
| Total Borrowing | 4.48 | 4.53 | 7.58 | 9.83 |
Key Ratios
EPS
₹0.50
NAV
₹13.07
ROE
5.62%
ROCE
13.41%
RoNW
3.84%
P/B Value
2.68
P/E Ratio
69.43
Market Cap
₹24.04 Cr
PAT Margin
4.05%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Tirupati Foam Ltd | 66.04 | 6.53% | 17.85 | 4.31 | 4.31 |
| Sheela Foam Ltd | 164.03 | 12.69% | 44.65 | 20.81 | 20.81 |
| Magenta Lifecare Limited This IPO | 11.26 | 4.71% | 65.97 | 0.53 | 0.53 |
Promoters
Divyesh Modi and Khyati Modi
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding our working capital requirements 4.24 2 General corporate purposes 1.74
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹9.66 Cr in the period ending 31 Mar 2021, slightly decreasing to ₹9.38 Cr by 31 Mar 2022, then rising to ₹9.55 Cr by 31 Mar 2023, before falling to ₹6.31 Cr in the most recent period ending 31 Dec 2023. This last figure, however, is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.19 Cr in the period ending 31 Mar 2021, remaining the same at ₹0.19 Cr by 31 Mar 2022, then increasing slightly to ₹0.25 Cr by 31 Mar 2023. In the most recent period ending 31 Dec 2023, it decreased to ₹0.24 Cr. Again, this last figure is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Magenta Lifecare Limited's P/E ratio at the issue price is approximately 65.97, compared to peers trading at P/E ratios ranging from 17.85 to 44.65.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite. Investors often look at GMP as a gauge of market sentiment towards the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's fundamentals, market conditions, and their own investment strategy.
Who May Want to Wait
Investors with a low-risk tolerance or those seeking immediate returns may want to avoid IPOs like this, as they can be subject to market fluctuations and may not provide quick returns.
Listing Gains — The Risk
Listing-day gains can be influenced by various factors, including market sentiment and demand for the stock. While some IPOs may see a significant rise in price on their listing day, others may not perform as well. Investors should be aware that listing gains are not guaranteed and that the stock's performance can fluctuate after the initial offering.
This evaluation is generated from Magenta Lifecare's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Magenta Lifecare IPO GMP today?
Magenta Lifecare IPO GMP today is +₹15.0 (42.86%). GMP is an unofficial grey-market indicator and can change daily.
When does Magenta Lifecare IPO open and close?
Magenta Lifecare IPO opens on 05 June 2024 and closes on 07 June 2024.
When does Magenta Lifecare IPO list on the stock exchange?
Magenta Lifecare IPO listed on 12 June 2024 at ₹50.0.
What is the lot size for Magenta Lifecare IPO?
The lot size for Magenta Lifecare IPO is 4000 shares, requiring a minimum investment of ₹140,000.
What is the lot size for Magenta Lifecare IPO?
The lot size for the Magenta Lifecare IPO is 4,000 shares.
What is the minimum investment required?
The minimum investment required is ₹140,000.
What is the issue price of the IPO?
The issue price of the IPO is ₹35.0 per share.
When does the IPO open and close?
The IPO opens on June 5, 2024, and closes on June 7, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
05 Jun 2024
Close
07 Jun 2024
Allotment
10 Jun 2024
Listing
12 Jun 2024
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