Magenta Lifecare IPO

Incorporated in 2015, Magenta Lifecare Limited manufactures mattresses and pillows. The company offers foam-based products under the brand "Magenta" in India. Magenta Lifecare's product portfolio includes memory foam, latex-based, bonded mattresses, pocketed springs etc. and pillows such as memory foam pillows, moulded memory foam pillows, moulded contour foam pillows etc. Magenta Lifecare Limited's manufacturing facility is located in Gujarat, India. The installed capacity for manufacturing mattresses is currently at 60,000 Nos. and 70,000 nos. of pillows. As of date of Prospectus, The company's overall staff strength is 41 employees. The products the company offers to the customers are spread across retail, hotels and institutions. Competitive Strengths: Diversified customer base and long-standing relationship with the customers. Extensive and well-developed pan-India sales and distribution network. Diversified Product portfolio. Experienced Promoter Directors with extensive domain knowledge. Quality assurance and accreditations.

The company proposes to utilize the Net Proceeds from the Issue towards the following objects: 1. Funding our working capital requirements; and 2. General corporate purposes

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