Magenta Lifecare Limited IPO
Magenta Lifecare Limited IPO
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Magenta Lifecare Limited's successfully completed its Initial Public Offering and commenced trading on 12-06-2024 at the BSE exchange. The company raised 20,00,000 Shares through this public offering, comprising 20,00,000 Shares in fresh capital.
The IPO was priced within the band of ₹35 to ₹35, with minimum application lots of 4000 shares. The offering attracted significant investor interest during its subscription period from 05-06-2024 to 07-06-2024.
Share allotment was finalized on 10-06-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Magenta Lifecare IPO About Company
Magenta Lifecare Limited, founded in 2015, is a Gujarat-based company that makes mattresses and pillows under the brand name "Magenta." They offer a wide range of products like memory foam, latex-based, bonded mattresses, and different types of pillows, including memory foam and contour pillows. With the capacity to produce 60,000 mattresses and 70,000 pillows annually, the company serves retail customers, hotels, and institutions across India. Backed by 41 experienced employees and knowledgeable promoters, Magenta Lifecare is known for its quality products, strong customer relationships, and wide distribution network.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Magenta Lifecare IPO Strength Factors
- Strong Customer Bonds and Diverse Clients: Magenta Lifecare Limited has built long-lasting relationships with a wide range of customers, including retail stores, hotels, and institutions, ensuring consistent demand for its products.
- Wide Sales and Distribution Network: The company has a strong sales and distribution network across India, making its products easily available in various regions.
- Experienced Leadership and Quality Commitment: Led by experienced Promoter Directors, Magenta Lifecare focuses on delivering high-quality products, earning customer trust and satisfaction.
Magenta Lifecare IPO Risk Factors
- Adapting to Consumer Preferences:If the company doesn't keep up with changing customer tastes and market trends, demand for its products may decrease, which could hurt business performance and profits.
- Lack of Property Ownership:Since the company rents its office and factory spaces instead of owning them, there’s a risk of business disruption if the lease isn't renewed or if rental terms become unfavorable.
- Implementation of Growth Strategy:The company's future growth depends on how well it executes its business plans. If the strategies are not carried out effectively, it could impact expansion and overall efficiency.
Magenta Lifecare IPO Lead Manager(s)
- Fedex Securities Private Limited
Magenta Lifecare IPO Promoter(s)
- Divyesh Modi
- Khyati Modi
Magenta Lifecare IPO FAQs
Magenta Lifecare Limited IPO subscribed 983.24 times. The public issue subscribed 778.41 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 26, 2025 9:48:37 AM (Day 26).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Magenta Lifecare IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Magenta Lifecare IPO FAQs
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