Magenta Lifecare IPO Allotment Today; Step-By-Step Guide To Check Status

On the last day of bidding for the Magenta Lifecare IPO, the issue was subscribed 983.19 times, with the 'Others' investor category subscribing 1,145.78 times, and retail investors subscribing 778.41 times, as per chittorgarh.com.

The 7-crore SME IPO comprising 20 lakh shares opened for bidding on June 5 and closed on June 7. The issue was priced at Rs 35 per share with a minimum lot size for an application of 4000 Shares. The minimum investment required by investors was Rs 1,40,000.

The allotment for Magenta Lifecare IPO is expected to be finalised on Monday, June 10.

Investors can check Magenta Lifecare IPO allotment status on the official website of the registrar for IPO, Cameo Corporate Services Limited and the BSE website.

• Visit the website of Cameo Corporate Services here:

  https://ipo.cameoindia.com/

• Select "Magenta Lifecare Limited" from the company drop-down menu.

• Choose one of the following options: Application Number, PAN, or DP Client ID and input the required details

• Complete the 'captcha'.

• Click on the 'Submit' button.

• Your IPO allotment status will be displayed on the screen.

• Go to the official BSE website here: https://www.bseindia.com/investors/appli_check.aspx

• Select the issue type as 'Equity'.

• Choose "Magenta Lifecare Limited" from the dropdown menu.

• Enter your application number or PAN (Permanent Account Number).

• Complete the 'Captcha' for verification.

• Click on the "Search" button to view your allotment status.

• Download or print the allotment status for your records.

The listing date for Magenta Lifecare Limited will be Wednesday, June 12, and the company's shares will be listed on BSE SME.

• IPO Open Date: Wednesday, June 5

• IPO Close Date: Friday, June 7

• Basis of Allotment: Monday, June 10

• Initiation of Refunds: Tuesday, June 11

• Credit of Shares to Demat: Tuesday, June 11

• Listing Date: Wednesday, June 12

Investors who received shares of the company will have their demat accounts credited on June 11. The refund procedure will begin on Tuesday, as soon as the allotment is finalised.

Magenta Lifecare Limited, founded in 2015, manufactures mattresses and pillows in India. They produce foam-based products under the "Magenta" brand, including a wide range of mattresses such as memory foam, latex-based, bonded mattresses, pocketed springs etc. and pillows such as memory foam pillows, moulded memory foam pillows, moulded contour foam pillow etc.

Magenta is India's first brand that offers mattresses made with pro-health CertiPUR-US certified foam.

Their facility in Gujarat can produce 60,000 mattresses and 70,000 pillows annually.