Megatherm Induction Limited IPO
NSE SMEListed On: Feb 5, 2024 at ₹ 198.0
₹ 129600 /1200 Shares
Check Allotment29 Jan, 2024
Open Date31 Jan, 2024
Close Date01 Feb, 2024
Allotment Date05 Feb, 2024
Listing DateIssue Price
₹100-108 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdList Price
198.0Listing Date
2024-02-05Market Lot
1200 Shares (₹129,600/-)Lead Manager
Hem Securities LimitedIssue Size
4,992,000 shares(aggregating up to ₹53.91 Cr)Retail Portion
35%Subscription
196.11 timesMegatherm Induction Limited IPO Details
Megatherm Induction Limited IPO is an SME IPO, priced at ₹100-108 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 49,92,000 equity shares, aggregating up to ₹53.91 crores..
The IPO bidding window is open from Jan 29, 2024 to Jan 31, 2024. The allotment is expected to be finalized on Feb 1, 2024, and the tentative listing date is Feb 5, 2024.
The minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹1,29,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,59,200.
Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Hem Finlease Private Limited will act as the market maker for this issue.
Megatherm Induction Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 948,000 / 711,600 | 1,659,600 | 3,319,200 |
| Day 1 - 29-01-24 06:00 PM | 1.00 / 9.17 x | 19.38 x | 11.94 x |
| Day 2 - 30-01-24 06:00 PM | 1.53 / 56.15 x | 87.75 x | 56.35 x |
| Day 3 - 31-01-24 06:00 PM | 105.14 / 307.39 x | 200.51 x | 196.11 x |
Megatherm Induction Limited Valuations
EPS Pre IPO
₹10.11/-EPS Post IPO
₹7.43/-P/E Pre IPO
10.68P/E Post IPO
14.53ROE
27.66%ROCE
27.47%Debt/Equity
1.67RoNW
27.66%Price to Book Value
2.95Megatherm Induction Limited Company Financials All values are in ₹ Lakh
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 19,197.87 | 17,262.76 | 14,645.06 |
| Revenue | 26,643.84 | 18,846.92 | 10,927.03 |
| Profit After Tax | 1,400.41 | 110.10 | 309.12 |
About The Company
Megatherm Induction Limited was incorporated in the year 2010. With electrical induction, Megatherm Induction manufactures induction heating and melting products such as induction melting furnaces and induction heating equipment. Megatherm Induction is a subsidiary of Megatherm Electronics Private Limited.
The company also manufactures upstream and downstream equipment and machinery for steelworks, including transformers, ladle refining furnaces, continuous casting machines, fume extraction systems, etc., and electric arc furnaces for the alloy and special steel industry.The company also engages in turn-key solutions for the steel plant- planning, design, supply assembly, and commissioning including its own, outsourced or a combination systems and machines customer service, among others. It also has provided maintenance contracts or spare parts.
The major target market segments of Megatherm are those operating secondary steel plants, which recycle scrap; those operating primary steel plants converting iron ore to sponge iron and then melt and convert to steel in induction furnaces, automotive component suppliers, Ordnance factories and railroads, DI pipe manufacturers, and other engineering industries producing critical parts in captive casting, forging, and metal processing facilities.Megatherm Induction is based in Kharagpur and has a production capacity of about 300 furnaces and transformers as of March 31, 2023.
The company exports to South America, Africa, the Gulf region, Europe, SAARC, and Southeast Asia.
As of July 31, 2023, the company had 285 permanent employees.
Megatherm Induction Limited - Promoter(s)
Pre Issue Share Holding: 98.92%
Post Issue Share Holding: 72.71%
- Shesadri Bhusan Chanda
- Satadri Chanda
- Megatherm Electronics Private Limited
Megatherm Induction Limited IPO - Issue Objectives
- Funding capital expenditure towards the construction of factory shed and installation of additional plant and machinery.
- To meet Working Capital requirements.
- General Corporate Purpose.
Other Details
Megatherm Induction Limited
Plot - L1 Block GP, Sector V, Electronics Complex, Saltlake City, Kolkata - 700091Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Megatherm Induction Limited IPO - FAQs
Ans. Megatherm Induction Limited IPO is a SME IPO. The issue is priced at ₹100-108 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Jan 29, 2024, and closes on Jan 31, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Megatherm Induction Limited IPO opens on Jan 29, 2024 and closes on Jan 31, 2024.
Ans. The size of Megatherm Induction Limited IPO is 4,992,000 shares(aggregating up to ₹53.91 Cr).
Ans. The IPO price band is set between ₹100-108 per equity share.
Ans. To apply for Megatherm Induction Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Megatherm Induction Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Megatherm Induction Limited IPO is Feb 1, 2024.
Ans. The Megatherm Induction Limited IPO will be listed on Feb 5, 2024.
Ans. Follow the steps to check the allotment status for Megatherm Induction Limited IPO here.
