Magenta Lifecare IPO Allotment Status Online

The Magenta Lifecare IPO allotment status will be available on June 10, 2024, as per the timeline provided in the red-herring prospectus.

Below are the steps to check Magenta Lifecare IPO allotment status online:

• Visit the Magenta Lifecare IPO allotment status page.
• Click on the green Magenta Lifecare IPO Allotment Status.
• Enter either PAN number, Application Number or DP Client ID of the demat account to check the Magenta Lifecare IPO allotment status.
• Click Search.

Note: The disabled button shows that the allotment is not yet available online.

The allotment result looks like as below:

• PAN No.: AHMLK1898J
• Application No.: RL041213805307
• Name: Mr. Rajveer Singh
• Shares Applied: 40
• Shares Allotted: 40

The expected listing price of Magenta Lifecare IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The Magenta Lifecare IPO grey market premium gives some hint but the actual listing price is difficult to guess.

Magenta Lifecare IPO allotment status is expected on June 10, 2024. Click the green button Magenta Lifecare IPO Allotment Status above to check the allotment. Note the button remains to disable until the allotment is available online.

If Magenta Lifecare IPO oversubscribed in the retail category, the Magenta Lifecare IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.

The Magenta Lifecare IPO shares will get listed on Wednesday, June 12, 2024. The equity share of Magenta Lifecare Limited will list on BSE SME.

The reason you didn't get the Magenta Lifecare IPO could be:

• IPO become oversubscribed and allotment process is completed through a lottery
• The IPO application got rejected due to mismatch/incomplete information
• The issue price is higher than the bid price. (Always apply on cut-off price).