The Magenta Lifecare IPO started on June 5, 2024, and ended on June 7, 2024. Shares were allocated on June 10, 2024, and refund processes began on June 11, 2024. On June 11, 2024, the shares were credited to investors demat accounts. Magenta Lifecare was officially listed on the stock exchange on June 12, 2024.
During the IPO, Magenta Lifecare offered shares at a price range of ₹35 per share, and the lot size was 4000 shares. The total issue size was ₹7.00 crores, with ₹7.00 crores from new shares. The IPO was listed on the BSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Magenta Lifecare IPO Subscription Update Video
Magenta Lifecare IPO Subscription Status
The Magenta Lifecare IPO on June 7, 2024 was subscribed 983.19 times, with the retail category being subscribed 778.41 times, the other category being subscribed 1,145.78 times.
| Category | Subscription |
| Other | 1,145.78x |
| Retail | 778.41x |
| Total | 983.19x |
Magenta IPO Basic Details
| Company Name | Magenta Lifecare Limited |
| 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 |
About Magenta Lifecare Limited
Founded in 2015, Magenta Lifecare Limited is a leading manufacturer of mattresses and pillows in India. Operating under the “Magenta” brand, the company specializes in foam-based products.
Magenta Lifecare offers a diverse range of products, including memory foam mattresses, latex-based mattresses, bonded mattresses, pocketed spring mattresses, and various types of pillows like memory foam pillows, molded memory foam pillows, and molded contour foam pillows.
The company’s manufacturing facility is located in Gujarat, India, with a production capacity of 60,000 mattresses and 70,000 pillows per year.
As of the latest update, Magenta Lifecare employs 41 staff members. Their products cater to a wide range of customers, including retail consumers, hotels, and institutions.
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Magenta Lifecare IPO FAQs
What is the start and end date of Magenta Lifecare IPO Subscription?
The Magenta Lifecare IPO started on June 5, 2024, and ended on June 7, 2024.
When does Magenta Lifecare IPO Subscription open?
The Magenta Lifecare IPO open on June 5, 2024.
When does Magenta Lifecare IPO Subscription close?
The Magenta Lifecare IPO Close on June 7, 2024.
What is the allotment date of Magenta Lifecare IPO?
The allotment date for Magenta Lifecare IPO is June 10, 2024.
When is the initial refund date of Magenta Lifecare IPO?
The initial Refund date for Magenta Lifecare IPO is June 11, 2024.
When were the shares credited to investors demat accounts for the Magenta Lifecare IPO?
The shares for the Magenta Lifecare IPO were credited to investors demat accounts on June 11, 2024.
When will Magenta Lifecare IPO be listed on the stock market?
Magenta Lifecare IPO stock market will be listed on June 12, 2024 at 10 am.
What was the price range of the Magenta Lifecare IPO shares?
The Magenta Lifecare IPO shares were offered at a price range of ₹35 per share.
What was the lot size for the Magenta Lifecare IPO shares?
The lot size for the Magenta Lifecare IPO shares was 4000 shares.
What was the total issue size of the Magenta Lifecare IPO?
The total issue size of the Magenta Lifecare IPO was ₹7.00 crores.
How were the shares allocated among different types of investors for the Magenta Lifecare IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Magenta Lifecare IPO listed?
The Magenta Lifecare IPO was listed on the BSE SME.
What is the Magenta Lifecare IPO Subscription Status?
Magenta Lifecare IPO is subscribed 983.19 Times.
