Magenta Lifecare IPO Closed

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05th – 07th Jun 2024
12 Jun 2024
₹35 – ₹35
Lot size 4000 — ₹140000
7cr

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.