The Megatherm Induction IPO has begun on 29-January-2024. It will close on 31-January-2024. The Total IPO Size is 53.91 Crores. The company set its IPO price is 108 Rs Per Share. Basically, There are three basic categories in Megatherm Induction IPO Subscription 1) QIB 2) Retail Individual Investors (RIIs) 3) NII.
Megatherm Induction is established in 2010.
Megatherm Induction is engaged in the business of manufacturing of induction heating and melting products by means of electric induction like induction melting furnace and induction heating equipment.
Company also manufacturers electric arc furnaces for alloys & special steel making industries, our services portfolio includes turnkey solutions for steel plant, which involves design, engineering, supply, erection & commissioning of the steel melt shops using both insourced & outsourced plant & machineries and after sales service,
involving maintenance contracts & spare parts business.
They export our products to South America (e.g. Argentina, Brazil, etc), Africa (e.g. South Africa, Kenya, Tanzania, Ghana, Nigeria), Gulf (e.g. Saudi Arabia, UAE), Europe (e.g. Poland, France), SAARC (e.g. Bangladesh, Nepal, Bhutan) and South East Asia (e.g. Indonesia, Malaysia). For Fiscals 2023, 2022 and 2021 our exports were Rs. 6826.20 lakhs, Rs. 3743.40 lakhs and Rs. 3784.77 lakhs which constituted 25.67%, 19.93%, and 34.72% of our revenue from operations respectively .
Following are the key market areas of their products –
1.Secondary Steel producers involved in scrap recycling.
2.Primary Steel producers involved in conversion of iron ore into sponge iron & subsequent conversion into steel through Induction Melting.
3.Auto ancillaries
4.Ordnance factories & Railways
5.DI pipe producers and diverse engineering industries involved in producing critical parts in its captive casting,forging & metal working units.
Check :- Upcoming SME IPO 2024
Megatherm Induction IPO Promotor Holding
Shesadri Bhusan Chanda, Satadri Chanda and Megatherm Electronics Private Limited are the promoters of the company.
Megatherm Induction IPO Date, Details & Price Band
| IPO Opening Dates | 29-January-2024 |
| IPO Closing Dates | 31-January-2024 |
| Price Band | 100-108 Rs |
| Fresh Issue | 53.91 Crore |
| Total IPO size | 53.91 Crore |
| Minimum bid (lot size) | 1200 Shares |
| Face Value | 10 INR Per Share |
| Listing On | NSE SME |
Megatherm Induction IPO Market Lot
The Megatherm Induction IPO minimum market lot is 1200 shares With 129,600 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Minimum | 1 | 1200 | 129,600 Rs |
| Maximum | 1 | 1200 | 129,600 Rs |
| S-HNI (Min) | 2 | 2400 | 259,200 Rs |
Restated Financial Record of the three year (Amt. in Lakhs)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-21 | 14,645.06 | 10,927.03 | 309.12 |
| 31-Mar-22 | 17,262.76 | 18,846.92 | 110.10 |
| 31-Mar-23 | 19,197.87 | 26,643.84 | 1,400.41 |
Megatherm Induction IPO GMP Grey Market Premium
Megatherm Induction IPO GMP Grey market premium has been started today. Check Latest Megatherm Induction IPO GMP Grey market premium, Kostak Rates and Subject to Sauda Price here.
Megatherm Induction IPO Prospectus
| DRHP | Download |
| RHP | Download |
Megatherm Induction IPO Reviews
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Megatherm Induction IPO Form Download
Megatherm Induction IPO is available on NSE Website as well as on our Portal. Please click here Megatherm Induction IPO form Download.
Megatherm Induction IPO Allotment Date & Details
| Allotment Date | 01-February-2024 |
| Initiation of refunds | 02-February-2024 |
| Transfer of shares to Demat accounts | 02-February-2024 |
| Listing Date | 05-February-2024 |
| Check Allotment Status | Click here |
Registrar of Megatherm Induction IPO
Bigshare Services Private Limited
Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East) Mumbai – 400093, Maharashtra, India.
Telephone: +91 22 6263 8200; Facsimile: +91 22 6263 8299
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.bigshareonline.com
Contact Person: Babu Raphel
SEBI Registration Number: MB/INR000001385
CIN: U99999MH1994PTC076534
Megatherm Induction Contact Details
Megatherm Induction Limited
Plot – L1 Block GP, Sector V,
Electronics Complex, Saltlake City
Kolkata – 700091
Phone: +91 33 4088 6200
Email: [email protected]
Website: http://www.megatherm.com/
Megatherm Induction IPO Lead Managers
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra, India
Tel. No.: +91- 22- 49060000;
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.hemsecurities.com
Contact Person: Sourabh Garg
SEBI Regn. No. INM000010981
