Megatherm Induction Limited IPO
Important Dates:-
| Particulars | Value |
|---|---|
| Open Date:- | January 29, 2024 |
| Close Date:- | January 31, 2024 |
| Allotment Date:- | February 1, 2024 |
| Listing Date:- | February 5, 2024 |
About Megatherm Induction Limited :-
Established in 2010, Megatherm Induction Limited specializes in the production of induction heating and melting products utilizing electrical induction, including induction melting furnaces and induction heating equipment. This manufacturing venture operates as a subsidiary of Megatherm Electronics Private Limited.
Megatherm Induction Limited extends its manufacturing capabilities to include upstream and downstream equipment and machinery for steelworks, encompassing transformers, ladle refining furnaces, continuous casting machines, fume extraction systems, and electric arc furnaces designed for the alloy and special steel industry.
Moreover, the company provides comprehensive turnkey solutions for steel plants, covering planning, engineering, delivery, assembly, and commissioning, utilizing both in-house and outsourced systems and machines. Megatherm Induction Limited further offers customer service, including maintenance contracts and a spare parts business.
The primary market segments for Megatherm include secondary steel producers involved in scrap recycling, primary steel producers converting iron ore into sponge iron, automotive suppliers, ordnance factories and railroads, DI pipe manufacturers, and various engineering industries engaged in the production of critical parts through casting, forging, and metal processing.
Situated in Kharagpur, Megatherm Induction's manufacturing unit boasts a production capacity of approximately 300 furnaces and transformers, as of March 31, 2023. The company exports its products to diverse regions, including South America, Africa, the Gulf region, Europe, SAARC, and Southeast Asia.
As of July 31, 2023, Megatherm Induction Limited maintains a workforce of 285 permanent employees, contributing to its operational prowess and continued growth.
Contact Details :-
Address:- Megatherm Induction Limited Plot - L1 Block GP, Sector V, Electronics Complex, Saltlake City Kolkata - 700091
Phone:- +91 33 4088 6200
E-mail:- cs@megatherm.com
Website:- http://www.megatherm.com/
IPO Details :-
| Particulars | Value |
|---|---|
| IPO Type:- | SME |
| Price:- | ₹100 to ₹108 |
| Lot Size:- | 1200 |
| Minimum Amount for 1 Lot:- | ₹1,29,600 |
| Listing At:- | NSE SME |
| Total issue of Shares:- | 49,92,000 |
| Total issue Size:- | ₹53.91 Crore |
| Fresh issue of Shares:- | 49,92,000 |
| Fresh issue Size:- | ₹53.91 Crore |
| Face Value:- | ₹10 per Equity Share |
Financial Information :-
Amount in ₹ Lakh
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 21,040.28 | 19,197.87 | 17,262.76 | 14,645.06 |
| Revenue | 14,732.31 | 26,643.84 | 18,846.92 | 10,927.03 |
| Profit After Tax | 759.34 | 1,400.41 | 110.10 | 309.12 |
| Net Worth | 5,821.98 | 5,062.64 | 3,662.23 | 3,512.13 |
| Reserves and Surplus | 4,437.11 | 4,139.39 | 2,738.98 | 2,598.88 |
| Total Borrowing | 4,480.46 | 4,282.04 | 4,038.80 | 4,327.04 |
Key Performance Indicator :-
| Particulars | Value |
|---|---|
| Market Cap (₹ in Crore):- | 203 |
| ROE:- | 27.66% |
| ROCE:- | 27.47% |
| Debt/Equity:- | 1.67 |
| RoNW:- | 27.66% |
IPO Prospectus :-
| Particulars | Link |
|---|---|
| Megatherm Induction Limited IPO DHRP:- | Click Here |
| Megatherm Induction Limited IPO RHP:- | Click Here |
GMP :-
| GMP Date | GMP | Estimated Listing Price | Estimated Listing Gain |
|---|---|---|---|
| 29-01-2024 | ₹100 | ₹208 | 92.59% |
| 30-01-2024 | ₹135 | ₹243 | 125% |
| 31-01-2024 | ₹111 | ₹219 | 102.78% |
| 01-02-2024 | ₹105 | ₹213 | 97.22% |
| 02-02-2024 | ₹107 | ₹215 | 99.07% |
| 03-02-2024 | ₹107 | ₹215 | 99.07% |
| 04-02-2024 | ₹110 | ₹218 | 101.85% |
| 05-02-2024 | ₹110 | ₹218 | 101.85% |
Subscription Details :-
| Date | QIB | NII | Retail | Employee | Other | Total |
|---|---|---|---|---|---|---|
| January 29, 2024 | 1.00 | 9.17 | 19.38 | 9.17 | 9.17 | 11.94 |
| January 30, 2024 | 1.53 | 56.15 | 87.75 | 56.15 | 56.15 | 56.35 |
| January 31, 2024 | 105.14 | 307.04 | 200.51 | 307.04 | 307.04 | 196.11 |
Listing Details :-
| Particulars | Value |
|---|---|
| Listing Date:- | February 5, 2024 |
| NSE Symbol :- | MEGATHERM |
| ISIN:- | INE531R01010 |
| Final Issue Price:- | ₹108.00 |
| Open:- | ₹198.00 |
| Low:- | ₹195.00 |
| High:- | ₹207.90 |
| Close:- | ₹207.90 |
Megatherm Induction Limited IPO FAQ :-
What is the opening date for Megatherm Induction Limited IPO?
The Megatherm Induction Limited IPO opens on January 29, 2024.
What is the closing date for Megatherm Induction Limited IPO?
The Megatherm Induction Limited IPO closes on January 31, 2024.
When will the shares be allotted for Megatherm Induction Limited IPO?
Shares of Megatherm Induction Limited IPO will be allotted on February 1, 2024.
What is the listing date for Megatherm Induction Limited IPO?
The listing date for Megatherm Induction Limited IPO is February 5, 2024.
What is the price/ price range for Megatherm Induction Limited IPO?
The price/ price range for Megatherm Induction Limited IPO is ₹100 to ₹108.
What is the minimum lot size for the Megatherm Induction Limited IPO?
The minimum lot size for Megatherm Induction Limited IPO is 1200 shares.
What is the minimum investment required for retail investors in the Megatherm Induction Limited IPO?
The minimum investment required for retail investors in the Megatherm Induction Limited IPO is ₹1,29,600.
What type of IPO is the Megatherm Induction Limited IPO?
The type of Megatherm Induction Limited IPO is SME.
What is the total issue size of the Megatherm Induction Limited IPO?
The total issue size of Megatherm Induction Limited IPO is ₹53.91 Crore.
How many shares are being offered in the Megatherm Induction Limited IPO?
Total 49,92,000 shares are being offered in the Megatherm Induction Limited IPO.
What is the face value of Megatherm Induction Limited IPO share?
The face value of Megatherm Induction Limited IPO share is ₹10.
What is the market capitalization of the Megatherm Induction Limited IPO?
The market capitalization of the Megatherm Induction Limited IPO is ₹203.48 Crore.
Who is the registrar for the Megatherm Induction Limited IPO?
The registrar for the Megatherm Induction Limited IPO is .
Where can I check the IPO Allotment status for Megatherm Induction Limited IPO?
You can check the IPO Allotment status for Megatherm Induction Limited IPO at .
What is the email address and website of Megatherm Induction Limited IPO?
The email address of Megatherm Induction Limited IPO is cs@megatherm.com and website is http://www.megatherm.com/.
What is the Megatherm Induction Limited IPO GMP (Grey Market Premium) as of 05-02-2024?
The latest GMP for Megatherm Induction Limited IPO is ₹110 as of 05-02-2024.