Magenta Lifecare Ltd - IPO

Magenta Lifecare Ltd IPO Details

Initial public issue* of 20,00,000 equity shares of face value Rs. 10/- each (Equity Shares) of Magenta Lifecare Limited (The Company or the Issuer) for cash at a price of Rs. 35 per equity share (including a securities premium of Rs. 25 per equity share) (Issue Price), aggregating up to Rs. 7.00 crores (the Issue). 1,04,000 equity shares aggregating to Rs. 0.36 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 18,96,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 35 per equity share aggregating to Rs. 6.64 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 29.11 % and 27.60 % respectively of the post-issue paid-up equity share capital of the company.*Subject to finalisation of basis of allotmentThe face value of the equity shares is Rs. 10/- each and the issue price is 3.5 times of the face value.

Objective of issue

Funding its Working Capital Requirements. General Corporare Purposes.

Magenta Lifecare Ltd Contact Details

Magenta Lifecare Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - info@magentalifecare.com

Website - https://www.magentamattresses.com