The Magenta Lifecare IPO commenced on June 5, 2024, and concluded on June 7, 2024. The allotment of shares took place on June 10, 2024, and the initiation of refunds began on June 11, 2024. The shares were credited to the demat accounts of investors on June 11, 2024. Finally, the listing of Magenta Lifecare on the stock exchange occurred on June 12, 2024.
The Magenta Lifecare IPO was priced at ₹35 per share, with a lot size of 4000 shares. The total issue size was ₹7.00 crores, comprising a fresh issue of ₹7.00 crores. The IPO was listed on the BSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Magenta Lifecare IPO Basic Details
| Company Name | Magenta Lifecare Limited |
| Magenta Lifecare IPO GMP Today | ₹28 |
| Magenta Lifecare IPO Listing Gain | 80.00% |
| Magenta Lifecare IPO Open Date | June 5, 2024 |
| Magenta Lifecare IPO Close Date | June 7, 2024 |
| Magenta Lifecare IPO Allotment Date | June 10, 2024 |
| Magenta Lifecare IPO Listing Date | June 12, 2024 |
| Face Value | ₹10 per share |
| Price | ₹35 per share |
| Lot Size | 4000 Shares |
| Issue Size | 2,000,000 shares of ₹10 (aggregating up to ₹7.00 Cr) |
| Fresh Issue | 2,000,000 shares of ₹10 (aggregating up to ₹7.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Divyesh Modi and Khyati Modi |
Magenta Lifecare IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹28 | 80.00% | – | – |
| 5 June 2024 | ₹28 | 80.00% | – | – |
Magenta IPO Details:
Founded in 2015, Magenta Lifecare Limited is a leading manufacturer of mattresses and pillows in India. Their foam-based products are marketed under the “Magenta” brand.
Magenta Lifecare’s diverse product range includes memory foam, latex-based, bonded mattresses, pocketed springs, and various pillows like memory foam, molded memory foam, and molded contour foam pillows.
The company operates a manufacturing facility in Gujarat, India, with an annual production capacity of 60,000 mattresses and 70,000 pillows.
As of the date of the prospectus, Magenta Lifecare employs 41 staff members. Their products are available to retail customers, hotels, and institutions.
Magenta Lifecare IPO More Details Click Here
Magenta Lifecare IPO FAQs
When is Magenta Lifecare IPO open?
Magenta Lifecare IPO will open on 5 June 2024.
When is Magenta Lifecare IPO Close?
Magenta Lifecare IPO will be closed on 7 June 2024.
What is Magenta Lifecare IPO GMP Today?
The Magenta Lifecare IPO GMP aka Grey Market Premium is ₹28.
What is Magenta Lifecare IPO Kostak Rates Today?
The Magenta Lifecare IPO Kostak Rate is ₹000.
What is Magenta Lifecare IPO Subject to Sauda Price Today?
The Magenta Lifecare IPO subject to sauda rates is ₹000.
Magenta Lifecare IPO Expected Returns?
The Magenta Lifecare expected return is 80.00%.
How much will be the listing gain in Magenta Lifecare IPO?
Magenta Lifecare IPO will get listing gain of 80.00%. (Approx.)
