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Megatherm Induction IPO

Megatherm Induction IPO Dates, Price Band, Rating, GMP, Analysis, and Allotment Details 2024

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Megatherm Induction IPO

The initial public offering (IPO) of Megatherm Induction will open for subscription on January 29 and close on January 31, a fresh issue of Rs. 53.91 crore. An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on February 05, 2024. 

#1. Quick Intro to Megatherm Induction   

Megatherm Induction Limited (2010) is engaged in the manufacturing of induction heating, melting products, various up-stream/down-stream plants & machinery associated with steel shops such as transformers, fume extraction, etc. 

Product portfolio including turnkey solutions for steel plant, which involves design, engineering, supply, erection, and commissioning of the steel melt shops.

The company has a manufacturing plant in Kharagpur, West Bengal. 

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Megatherm Induction   

The company intends to use the IPO Funds for the following purposes: 

  1. Funding capital expenditure towards constructing a factory shed and installing additional plant and machinery.
  2. To meet working capital requirements.
  3. General corporate purposes.

#3. Megatherm Induction IPO Core Strengths 

  1. Established manufacturing facilities.
  2. Technical capabilities for complex applications.
  3. Long-standing relationship with our customers.
  4. Experienced and qualified Promoters and management team.
  5. Delivering financial performance with a strong order book.
#4. Megatherm Induction IPO Review & Rating
Issue Size  Rs.53.91 Crore
Issue Price  Rs.100 to Rs.108 per share 
Minimum Lot Size 1200 Shares
Total Profit (March 2023)  Rs. 1,400.41 (lakhs)
ROE 27.66%
ROCE 27.47%
Listing on NSE SME
IPO Deliver Rating One

 

#5. Megatherm Induction IPO Dates, Price Band & Details

Megatherm Induction IPO will open on January 29, 2024, and close on January 31, 2024. The IPO is to be listed on February 05, 2024.  

Type of issue Book Built Issue IPO
Issue Size Rs.53.91 Crore
Price Brand Rs.100 to Rs.108 per share
Face Value Rs. 10/- per share
IPO Open Date January 29, 2024
IPO Close Date January 31, 2024
IPO Allotment Date February 01, 2024
Refund Date February 02, 2024
Share Credit Date February 02, 2024
Listing Date February 05, 2024

 

#6. Megatherm Induction IPO Offer Details

Megatherm Induction IPO’s total issue size is 4,992,000 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 4,992,000 53.91
Offer for Sale (OFS) – –

 

#7. Megatherm Induction Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category (Rs.) March 31, 2023 March 31, 2022 March 31, 2021
Total Revenue 26,588.15 18,783.13 10,900.92
Net Worth 5,062.64 3,662.23 3,512.13
Profit 1,400.41 110.10 309.12
Total Borrowings 4,282.04 4,038.80 4,327.04

 

#8. Megatherm Induction Quantitative Factors 

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category March 31, 2023 March 31, 2022 March 31, 2021
EPS (Rs.) 10.11 0.80 2.25
RoNW (%) 27.66 3.01 8.80
NAV (Rs.) 36.56 26.44 25.55

 

#9. Megatherm Induction Comparison with Other Peer Companies

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue 

(Rs. in Lakhs))

 RoNW (%) NAV (Rs.)
Electrotherm (India) Limited 308074.00 – –

 

#10. Megatherm Induction Company Promoters 

The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. Shesadri Bhusan Chanda
02. Satadri Chanda
03. Megatherm Electronics Private Limited

 

#11. Megatherm Induction Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  98.92
Post-issue 72.71

 

#12. Megatherm Induction IPO Reservation Details

Megatherm Induction IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
Retail Share Offered Not less than 35% of the issue size
QIB Shares Offered Not more than 50% of the issue size
NII (HNI) Shares Offered Not less than 15% of the issue size

 

#13. Megatherm Induction  IPO – Lot Size

An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 1200 129,600
Retail (Max.) 1 1200 129,600
HNI (Min.) 2 2,400 259,200
HNI (Max.) – – –

 

#14. Megatherm Induction IPO – Prospectus Copy

An investor can download/view the Megatherm Induction prospectus copy, which the company filed to exchange, details are as follows. 

Megatherm Induction IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Megatherm Induction IPO Registrar 

Bigshare Services Private Limited 

Phone No.: +91-022-62638200

E-Mail: ibo@bigshareonline.com

Website: www.bigshareonline.com

#16. Megatherm Induction IPO Lead Manager

Hem Securities Limited

Phone No.: +91-022-49060000

E-Mail: ib@hemsecurities.com

Website: www.hemsecurities.com

#17. Megatherm Induction IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Megatherm Induction  IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Megatherm Induction    Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Megatherm Induction    Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Megatherm Induction Company Details

Megatherm Induction Limited 

Registered Office: Plot No L1 Block GP, Sector V, Electronics Complex, Saltlake City Kolkata-700091, West Bengal

Phone No: +91-33-40886200

Email: cs@megatherm.com

Website: www.megatherm.com

Investor Grievances/Compliance Officer: Abanti Saha Basu

#19. Megatherm Induction Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01. Megatherm Electronics Private Limited
02. –

 

#20. Megatherm Induction Company Board (Top 2)

Sr. No. Name of Directors
01. Shesadri Bhusan Chanda
02.                                         Satadri Chanda

 

Megatherm Induction IPO – Frequently Asked Questions (FAQs)

#1. What is a Megatherm Induction IPO?

Megatherm Induction brings its IPO of Rs.53.91 Crore, on January 29, 2024, with a price band of Rs.100 to Rs.108 per share.

 

#2. What is the Megatherm Induction IPO Open date?

Megatherm Induction IPO’s opening date is January 29, 2024.

 

#3. What is the Megatherm Induction IPO Close Date?

Megatherm Induction IPO’s closing date is January 31, 2024.

 

#4. What is the Megatherm Induction IPO Listing date?

Megatherm Induction’s IPO listing date is February 05, 2024.

 

#5. What is the Megatherm Induction IPO Minimum investment amount?

Megatherm Induction IPO’s minimum investment amount is Rs. 1,29,600.

 

#6. What is the Megatherm Induction IPO offer issue Size?

Megatherm Induction offers an issue size of Rs. 53.91 Crore.

 

#7. What is the Megatherm Induction IPO Price Band?

Megatherm Induction’s IPO price band is Rs.100 to Rs.108 per share.

 

#8. Is Megatherm Induction IPO mainboard IPO or SME IPO?

Megatherm Induction IPO is an SME IPO.

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