
Consumer Goods · BSE
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.
Price Band
₹35
Issue Size
₹7.00 Cr
Lot Size
4000 shares
GMP
+42.9%
Est. Listing
₹50
at current GMP
Subscribed
983.24x
overall
Open
5 Jun 2024
Close
7 Jun 2024
Allotment
10 Jun 2024
Refund
11 Jun 2024
Demat Credit
12 Jun 2024
Listing
12 Jun 2024
Last updated: 26 Nov 2025
Current Premium
Issue Price (Upper)
₹35
Band: ₹35
Estimated Listing Price
₹50
Upper price + GMP
Lot Size
4000 shares
Min investment ₹1,40,000
Estimated Profit / Lot
₹60,000
4000 × ₹15
Grey Market Premium trend
+₹15
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹15 | 42.9% | ₹50 |
| 30 Oct 2026 | +₹15 | 42.9% | ₹50 |
| 29 Oct 2026 | +₹14 | 38.6% | ₹49 |
GMP is unofficial market data. Not a guarantee of listing performance.
Magenta Lifecare Limited is bringing an initial public offering (IPO) in the Consumer Goods sector with an aggregate issue size of ₹7 Crores. The shares are offered at a price band of ₹35 to ₹35 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 4000 shares (approx. ₹1,40,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-06-12, while un-allotted funds or UPI block mandates will be released on 2024-06-11.
The latest grey market premium for Magenta Lifecare Limited IPO is ₹15, which indicates an expected listing price of ₹50.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.