Magenta Lifecare Limited IPO

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05th – 07th Jun 2024
12 Jun 2024
₹35 – ₹35
4000 shares (₹140000)
7cr

Schedule

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

About

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, molded memory foam pillows, molded contour foam pillows, etc. The company has an installed capacity for manufacturing mattresses of 60,000 Nos. and 70,000 nos. of pillows.

Disclaimer: This stock will trade with a lot size of 4000 shares in the SME segment on the listing.


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.