Last chance to bet on IPO priced at Rs 35, GMP also taking action, 144 times subscription in 2 days

Magenta Lifecare IPO: Today is the last chance to bet on Magenta Lifecare IPO. The company’s IPO was opened to investors on June 5. Since then the IPO has been subscribed more than 144 times. Let us tell you that the company will issue 20 lakh new shares through IPO.

Price Band is Rs 35 (Magenta Lifecare IPO Price Band)

The company has fixed a price band of Rs 35 for the IPO. At the same time, the lot size of this IPO is 4000 shares. Due to which investors have to bet at least 1,40,000 rupees. Investors who subscribe to this IPO will get shares on June 10. At the same time, listing of the company in BSE SME is possible on June 12.

174 times subscription in retail category

The company’s IPO received 120.75 times subscription on the second day i.e. yesterday. On this day, retail category received 174.84 times subscription and other category received 66.50 times subscription. At the same time, on the first day i.e. June 5, the IPO received 24.49 times subscription. Retail category was followed by 39.50 times subscription and other category received 9.43 times subscription.

Company dominates gray market (Magenta Lifecare IPO GMP Today)

IPOs continue to dominate the gray market. The company is trading at a premium of Rs 23 today. If we look at today’s GMP, this IPO is listed at Rs. Can be done at the level of 58. If this happens, investors will get 65 percent profit on the first day itself.

The company is engaged in the business of manufacturing and selling mattresses and mattresses. Magenta Life Care operates from Gujarat. Currently there are 41 employees in this company. Let us tell you that before the IPO, the total share of the promoters was 84.06 percent. Which will now decrease to 59.59 percent.

(This is not investment advice. Stock market is subject to risks. Consult experts before making any investment.)

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