Magenta Lifecare IPO Subscription Status: Magenta Lifecare IPO is Open on 5 June, 2024 and Close on 7 June, 2024. Magenta Lifecare IPO to Raise 2,000,000 shares (Approx ₹7.00 Cr) via IPO. The Fresh Issue of 2,000,000 shares (Approx ₹7.00 Cr).
- The Retail Quota is 50%
- QIB is -%
- NII is 50%
Magenta Lifecare IPO is an SME IPO and Listed on BSE SME. Magenta Lifecare IPO Price Band is Fixed at ₹35 Equity Share. Magenta Lifecare IPO Lot Size is 4000 Shares.
About Magenta Lifecare IPO :
- Magenta Lifecare Believe That Our Product Offering Is Across The Section Of The Society From Value-Added Product To Premium Segment. Our Thoughtfully-Designed Products Provide Comfort, With Ergonomic Design, Thermal Comfort, Pressure Relief, Motion Isolation, Easy Position Realignment, And Long-Term Durability.
- We Believe That Our Products Are Designed To Support, Comfort, And Cool The Body, Leading To Better-Quality Sleep. We Believe That We Offer Mattresses With The Diverse Customization Options In Terms Of Fabric, Shape, Firmness, Material, Height, Foam Type & Density, Personalization, Utility And Structure. We Have Developed Distributor And Dealer/Retailer Network Across Multiple States In India.
- We Sell Our Products Through Offline Channel Of Multi Brand Outlet And Through A Network Of Dealers And Also Through Online E-Commerce Platform. Our Distributors Are Appointed Region Wise. We Are Capable Of Manufacturing Both Standardized As Well As Customized Products. Our Manufacturing Facility Is Located At N P Patel Estate, A & T Padamla, Vadodara-391350, Gujarat, India. Our Installed Capacity Formanufacturing Of Mattresses Is Currently At 60,000 Nos. And 70,000 Nos. Of Pillows.
Magenta Lifecare IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Non Institutional Buyers (NIIs) | 9,48,000 | 1,08,61,64,000 | 1,145.68 |
| Retail Individual Buyers (RIIs) | 9,48,000 | 73,66,24,000 | 774.45 |
| Market Maker | 1,04,000 | 1,04,000 | 1 |
| Total | 18,96,000 | 1,86,27,84,000 | 960.07 |
Magenta Lifecare Subscription Status day-by-day-
| Categories | 3 June | 4 June | 5 June |
|---|---|---|---|
| QIB | - | - | - |
| NII | 9.36 | 66.50 | 1,145.68 |
| RII | 38.20 | 174.84 | 774.45 |
| Total | 24.28 | 120.75 | 960.07 |
Magenta Lifecare Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
Magenta Lifecare Review From MoneyMintIdea –
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