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:
- Funding capital expenditure towards constructing a factory shed and installing additional plant and machinery.
- To meet working capital requirements.
- General corporate purposes.
#3. Megatherm Induction IPO Core Strengths
- Established manufacturing facilities.
- Technical capabilities for complex applications.
- Long-standing relationship with our customers.
- Experienced and qualified Promoters and management team.
- 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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