Incorporated in 2015, Magenta Lifecare Limited manufactures mattresses and pillows. The company offers foam-based products under the brand "Magenta" in India.
Magenta Lifecare's product portfolio includes memory foam, latex-based, bonded mattresses, pocketed springs etc. and pillows such as memory foam pillows, moulded memory foam pillows, moulded contour foam pillows etc.
Magenta Lifecare Limited's manufacturing facility is located in Gujarat, India. The installed capacity for manufacturing mattresses is currently at 60,000 Nos. and 70,000 nos. of pillows.
As of May 2024, the company's overall staff strength is 41 employees. The products the company offers to the customers are spread across retail, hotels and institutions.
Competitive Strengths:
- Diversified customer base and long-standing relationship with the customers.
- Extensive and well-developed pan-India sales and distribution network.
- Diversified Product portfolio.
- Experienced Promoter Directors with extensive domain knowledge.
- Quality assurance and accreditations.
| Purpose | Amount (₹ Cr) |
|---|---|
| . Funding our working capital requirements; and | — |
| . General corporate purposes | — |
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 1,506 | 1,251 | 1,416 |
| Revenue | 631 | 955 | 938 |
| PAT | 24 | 25 | 19 |
| Net Worth | 634 | 521 | — |
| Reserves | 521 | 367 | 220 |
| Total Borrowing | 448 | 453 | 758 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 948,000 (47%) | — |
| Retail (RII) | — | 948,000 (47%) | — |
| Market Maker | — | 104,000 (5%) | — |
| Total | — | 2,000,000 (100%) | — |
* Amount calculated at upper price band (₹35) · ** Total includes all investor categories
- 1 Initiation of Refund 11 Jun 2024
- 2 Credit of Shares to Demat 11 Jun 2024
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 74x reflects a weak valuation relative to typical market ranges.
- Pre-issue EPS of ₹1 compares to post-issue EPS of ₹0 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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