Magenta Lifecare IPO Allotment Status, Subscription, and IPO Details

The Magenta Lifecare IPO allotment is set for June 10, 2024, with shares priced at ₹35 each. The offering allows bidding for lots of 4000 shares or multiples thereof.
Magenta Lifecare IPO Allotment Status, Subscription, and IPO Details

Magenta Lifecare Limited IPO Allotment Status 

The allotment date for the Magenta Lifecare IPO is set for June 10, 2024, with shares priced at a range of ₹35 per share and a face value of ₹10. The offering consists of lots of 4000 shares, with bids accepted for these lots or their multiples.

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Magenta Lifecare Limited IPO Allotment Status Check 

To ascertain their allocation status for the Magenta Lifecare Limited IPO, investors can easily navigate through the steps provided on either the BSE platform or the IPO registrar Cameo Corporate Services website.

IPO Allotment Status BSE 

Here are steps to check Magenta Lifecare Limited IPO allotment status on BSE website

Step 1: Visit BSE website 

Step 2: Select ‘Equity’ under the Issue Type

Step 3: Choose Magenta Lifecare Limited from the drop-down menu

Step 4: Enter Application No or PAN

Step 5: Click on ‘I am not a Robot’ and then hit on ‘Submit”

Steps to check Magenta Lifecare Limited IPO allotment status on Cameo Corporate Services website

Step 1: Visit IPO registrar website – Cameo Corporate Services

Step 2: Select ‘Magenta Lifecare’ from the Select Company dropdown menu

Step 3: Choose from PAN, Application No, DP/Client ID, or Account No/IFSC

Step 4: Enter the details as per the option selected

Step 5: Hit the Submit button

Your Magenta Lifecare IPO allotment status will be reflected on the screen.

Magenta Lifecare Limited IPO GMP Today

The Magenta Lifecare Limited IPO GMP (Grey Market Premium) is ₹16 as of June 7.

Magenta Lifecare Limited IPO Subscription Status 

As of day 3, the Magenta Lifecare IPO was massively oversubscribed at 974.69 times, with the retail portion at 762.20 times and NII at 1,145 times. The company has received bids for nearly 1.85 billion shares against just 1.9 million offered.

Magenta Lifecare Limited IPO Details

The Magenta Lifecare IPO aims to raise ₹7 crore through the issuance of 2 million equity shares priced at a face value of ₹10 each, without any offer-for-sale component. The proceeds are designated for working capital needs and general corporate purposes. Fedex Securities manages the IPO, with Cameo Corporate Services as registrar and Sunflower Broking as the market maker.

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