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Magenta Lifecare Limited

Magenta Lifecare Limited, founded in 2015, is a Gujarat-based company that makes mattresses and pillows under the brand name "Magenta." They offer a wide range of products like memory foam, latex-based, bonded mattresses, and different types of pillows, including memory foam and contour pillows. With the capacity to produce 60,000 mattresses and 70,000 pillows annually, the company serves retail customers, hotels, and institutions across India. Backed by 41 experienced employees and knowledgeable promoters, Magenta Lifecare is known for its quality products, strong customer relationships, and wide distribution network.

₹35 - ₹35983.24x sub
Listed Price45.00
Listing Gain+28.57%
TimelineFixed Price Issue IPO
Open05 Jun 2024
Close07 Jun 2024
Allotment10 Jun 2024
Listing12 Jun 2024

Quota Reservation Portions

RetailPortion: 9,48,000 shares
47.4%
OtherPortion: 9,48,000 shares
47.4%
Market MakerPortion: 1,04,000 shares
5.2%

Minimum Application Bracket Matrix

Retail1 lots / 4,000 shares
₹1,40,000
HNI2 lots / 8,000 shares
₹2,80,000

About the Company

Magenta Lifecare Limited, founded in 2015, is a Gujarat-based company that makes mattresses and pillows under the brand name "Magenta." They offer a wide range of products like memory foam, latex-based, bonded mattresses, and different types of pillows, including memory foam and contour pillows. With the capacity to produce 60,000 mattresses and 70,000 pillows annually, the company serves retail customers, hotels, and institutions across India. Backed by 41 experienced employees and knowledgeable promoters, Magenta Lifecare is known for its quality products, strong customer relationships, and wide distribution network.

Company Promoters

Divyesh ModiKhyati Modi

Registrar

Cameo Corporate Services Limited