Magenta Lifecare SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Magenta Lifecare IPO. Explore Magenta Lifecare IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Magenta Lifecare Limited, is a prominent manufacturer of foam-based products, including mattresses and pillows, marketed under the Magenta brand in India, the company emphasizes innovation, comfort, and quality. Their products cater to retail, hotel, and institutional customers, offering extensive customization options. The company operates a manufacturing facility in Vadodara, Gujarat, with a significant production capacity.
Key Points:
- Product Offerings:
- Mattresses:
- Types: Memory foam, latex-based, bonded mattresses, pocketed spring mattresses.
- Specialty: Green tea and bamboo charcoal-based herbal mattresses, pet bed mattresses.
- Pillows:
- Types: Memory foam pillows, molded memory foam pillows, molded contour foam pillows.
- Other Products: Processed raw foam, adjustable bed frames (hydraulic beds).
- Mattresses:
- Market Presence:
- Distribution Network: Extensive network of distributors, dealers, and retailers across multiple states in India.
- Sales Channels: Products sold through offline multi-brand outlets, dealer networks, and online e-commerce platforms.
- Regional Distributors: Appointed region-wise to enhance market reach.
- Production Capacity: 60,000 mattresses and 70,000 pillows per year.
- Key Materials: Raw foam, bonded foam, memory foam, latex, fabric, adhesive, cotton, and threads.
Objects of the Issue
- Funding the incremental working capital requirements of the Company
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 05 Jun - 07 Jun 2024 |
| IPO Price Band | ₹ 35 per share |
| Fresh Issue | Upto 20,00,000 Shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 7.0 crore |
| Face Value | ₹ 10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 05 Jun 2024 |
| IPO Closing Date | 07 Jun 2024 |
| Basis Of Allotment | 10 Jun 2024 |
| Refunds | 11 Jun 2024 |
| Demat Transfer | 11 Jun 2024 |
| IPO Listing Date | 12 Jun 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 9.66 | 9.38 | 9.55 | 6.31 |
| Total Expenses | 9.49 | 9.16 | 9.24 | 5.64 |
| Net Profit/Loss | 0.19 | 0.19 | 0.25 | 0.24 |
| NPM (*) | 2.02 | 2.04 | 2.71 | 4.05 |
| Total Assets | 14.60 | 14.16 | 12.51 | 15.06 |
| Total Liabilities | 13.17 | 10.54 | 7.30 | 8.72 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | 0.53 | 0.44 | 0.53 | 0.50 |
| ROE (%) | 14.60 | 7.49 | 5.56 | 5.62 |
| ROCE (%) | 7.64 | 8.95 | 11.86 | 13.41 |
| RoNW (%) | 13.60 | 5.22 | 4.71 | 3.84 |
| D/E Ratio | 6.88 | 2.09 | 0.87 | 0.71 |
| Current Ratio | 1.35 | 1.33 | 1.31 | 1.32 |
| EBITDA MARGIN (%) | 10.83 | 11.50 | 9.62 | 15.83 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Magenta Lifecare Limited | 9.07 | 65.97 | 0.53 | 4.71 | 11.26 |
| Sheela Foam Limited | 2,873.32 | 44.65 | 20.81 | 12.69 | 164.03 |
| Tirupati Foam Limited | 101.65 | 17.85 | 4.31 | 6.53 | 66.04 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 1145.78 |
| Retail Individual Investor (RII) | 778.41 |
| Total | 983.19 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Cameo Corporate Services Limited
Phone: +91 - 44 – 40020700
Email: investor@cameodina.com
Website: www.cameoindia.com
Company Promoters
- DIVYESH MODI
- KHYATI MODI
Lead Managers
- FEDEX SECURITIES PRIVATE LIMITED
Company Address
MAGENTA LIFECARE LIMITED
N P Patel Estate, A & T Padamla, Vadodara – 391350, Gujarat, India.
Phone: +91 7573022234
Email: info@magentalifecare.com
Website: www.magentamattresses.com
FAQs
- What is the issue size of the Magenta Lifecare SME IPO?The Magenta Lifecare SME IPO has an issue size of ₹ 7.0 crore. This includes a fresh issue of Upto 20,00,000 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the Magenta Lifecare IPO?The price band for the Magenta Lifecare IPO is ₹ 35 per share.
- What are the bidding dates for the Magenta Lifecare IPO?The Magenta Lifecare IPO will open for bidding on 05 Jun 2024 and close on 07 Jun 2024.
- What is the allotment date for the Magenta Lifecare IPO?The allotment date for the Magenta Lifecare IPO is 10 Jun 2024.
- What is the listing date for the Magenta Lifecare IPO?The listing date for the Magenta Lifecare IPO is 12 Jun 2024.
- What is the Magenta Lifecare IPO grey market premium?The grey market premium (GMP) for the Magenta Lifecare IPO is currently at ₹15, with an expected listing gain of approximately 42.86%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.