Schedule of Magenta Lifecare
| Issue open date | 05 Jun 2024 |
| Issue close date | 07 Jun 2024 |
| UPI mandate deadline | 07 Jun 2024 (5 PM) |
| Allotment finalization | 10 Jun 2024 |
| Refund initiation | 11 Jun 2024 |
| Share credit | 11 Jun 2024 |
| Listing date | 12 Jun 2024 |
| Mandate end date | 22 Jun 2024 |
| Lock-in end date for anchor investors (50%) | 10 Jul 2024 |
| Lock-in end date for anchor investors (remaining) | 10 Sep 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Magenta Lifecare
Magenta Lifecare is launching its Initial Public Offering (IPO) on June 5, 2024. The subscription period closes on June 7, 2024. The IPO is a fresh issue of 2,000,000 shares, amounting to ₹7 crores. Incorporated in 2015, Magenta Lifecare manufactures foam-based products such as mattresses and pillows which they market under the brand “Magenta” in India. Their Product offerings include a wide range of mattresses such as memory foam, latex-based, bonded mattresses, pocketed springs, and pillows such as memory foam pillows, moulded memory foam pillows, moulded contour foam pillows, etc. The company has an installed capacity for manufacturing mattresses of 60,000 Nos. and 70,000 nos. of pillows.
Note:
- Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
- The allotment status will be available by June 11, 2024, on the Registrar’s website and the NSE website.