Magenta Lifecare Ltd

Magenta Lifecare IPO Proceeds Used as Intended, No Deviations Reported 📋

- Raised ₹5.98 crore through public issue on June 10, 2024

- Funds allocated: ₹4.24 lakhs for incremental working capital, ₹1.74 lakhs for general corporate purposes

- Utilized: ₹4.24 lakhs for working capital, ₹1.5786 lakhs for corporate purposes

- No deviation or variation in fund usage from original plan

- Audit committee and auditors raised no comments on utilization