Megatherm Induction Limited IPO
NSE SMEListed On: Feb 5, 2024 at ₹ 198.0
₹ 259200 /2400 Shares
*Min Investment
29 Jan, 2024
Open Date31 Jan, 2024
Close Date01 Feb, 2024
Allotment Date05 Feb, 2024
Listing DateMegatherm Induction Limited IPO Issue Details
- Issue Price ₹100-108 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 49,92,000 shares(aggregating up to ₹53.91 crore)
- Fresh Share 49,92,000 shares(aggregating up to ₹53.91 crore)
- Listing at NSE SME
- List Price 198.0
- Listing Date 2024-02-05
- Lead Manager Hem Securities Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,29,600 |
| Retail(max) | 1 | 1200 | ₹1,29,600 |
| NII (min) | 2 | 2,400 | ₹2,59,200 |
Megatherm Induction Limited IPO Reservation
Megatherm Induction Limited IPO offers total 4,992,000 shares. Out of which 948,000 (18.99%) allocated to QIB, 711,600 (14.25%) allocated to NII,1,659,600 (33.25%) allocated to RII, NA (NA%) allocated to employees and 1,422,000 (28.49%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,422,000 (28.49%) | |
| Market Maker Shares Offered | 250,800 (5.02%) | |
| QIB Shares Offered | 948,000 (18.99%) | |
| NII (HNI) Shares Offered | 711,600 (14.25%) | |
| Retail Shares Offered | 1,659,600 (33.25%) | |
| Total Shares Offered | 4,992,000 (100%) |
Megatherm 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 Analysis And 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
Megatherm Induction Limited Company Financials
| 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 Megatherm Induction Limited 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)
Shesadri Bhusan Chanda
Satadri Chanda
Megatherm Electronics Private Limited
Pre Issue Share Holding : 98.92%
Post Issue Share Holding : 72.71%
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.
Megatherm Induction Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Megatherm Induction Limited | 10.11 | 10.11 | 36.56 | 10.68 | 27.66 | 2.95 | Standalone |
| Electrotherm (India) Ltd. | -9.28 | -9.28 | N/A | N/A | N/A | N/A | Standalone |
Notes:
- For Megatherm Induction Limited, the company has taken the Current Market Price as the issue price of the equity share. Further, the P/E Ratio is based on the current market price of the respective scrips.
- The EPS, NAV, and RoNW for Megatherm Induction Limited are taken as per the Restated Financial Statement for the Financial Year 2022-23.
- NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as on March 31, 2023.
- RoNW has been computed as net profit after tax divided by closing net worth.
Contact Details
Megatherm Induction Limited
Plot - L1 Block GP, Sector V, Electronics Complex, Saltlake City, Kolkata - 700091
+91 33 4088 6200
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Megatherm Induction Limited IPO is 4,992,000 shares(aggregating up to ₹53.91 Cr).
Ans. The Megatherm Induction Limited IPO price band is set between ₹100-108 per equity share.
Ans. To apply for Megatherm Induction Limited 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 Megatherm Induction Limited IPO allotment status online.
