Megatherm Induction Limited IPO
Megatherm Induction Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹100–₹108 per share. The stock debuted at ₹198, delivering a listing gain of 83.3%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,29,600.
Megatherm Induction Limited IPO
- IPO Dates
- Jan 29, 2024 – Jan 31, 2024
- Price band
- ₹100-108 per equity share
- Minimum Investment
- ₹1,29,600
- Issue size
- ₹53.91 Cr
- Lot size
- 1200
- Allotment Date
- Feb 1, 2024
- Listing
- Feb 5, 2024
- Listing At
- NSE SME
IPO timeline
-
Jan 29, 2024
Open Date
Completed
-
Jan 31, 2024
Close Date
Completed
-
Feb 1, 2024
Allotment Date
Completed
-
Feb 5, 2024
Listing Date
Completed
Megatherm Induction Limited IPO Essentials
Megatherm Induction Limited IPO Details
Megatherm Induction Limited IPO is priced at ₹100-108 per share with a total issue size of 53.91 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹100-108 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 4,992,000 shares(aggregating up to ₹53.91 Cr)
- Total issue size
- 49,92,000 shares
(aggregating up to ₹53.91 crore) - Fresh issue
- 49,92,000 shares
(aggregating up to ₹53.91 crore) - Listing at
- NSE SME
- List price
- 198.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Hem Securities Limited
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 reservation details show category-wise allocation of shares. Out of the total 4,992,000 shares, approximately 18.99% are reserved for QIB, 14.25% for NII, 33.25% for retail investors, 5.02% for market maker, and 28.49% for 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 Analytics
Megatherm Induction Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Megatherm Induction Limited IPO Subscription Status
Megatherm Induction Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹10.11/-
- EPS Post IPO
- ₹7.43/-
- P/E Pre IPO
- 10.68
- P/E Post IPO
- 14.53
Returns
- ROE
- 27.66%
- ROCE
- 27.47%
- RoNW
- 27.66%
Fundamentals
- Debt / Equity
- 1.67
- Price / Book
- 2.95
Megatherm Induction Limited Financials( In Lakhs)
| 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 |
Megatherm Induction Limited Company & Offer Insights
About Megatherm Induction Limited
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 are the company's promoters of Megatherm Induction 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.
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 Information
Contact Details
Megatherm Induction Limited
+91 33 4088 6200
Plot - L1 Block GP, Sector V, Electronics Complex, Saltlake City, Kolkata - 700091
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Megatherm Induction Limited IPO is a book-built IPO worth ₹53.91 crore. The price band is ₹100–₹108 per share. The IPO opens on Jan 29, 2024 and closes on Jan 31, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Megatherm Induction Limited IPO is ₹100 to ₹108 per share.
The lot size of Megatherm Induction Limited IPO is 1200 shares.
The minimum investment for Megatherm Induction Limited IPO is approximately ₹1,29,600 based on the upper price band .
Megatherm Induction Limited IPO opens on Jan 29, 2024 and closes on Jan 31, 2024.
The allotment date of Megatherm Induction Limited IPO is Feb 1, 2024.
Megatherm Induction Limited IPO is expected to be listed on Feb 5, 2024, on NSE SME Platform.
Megatherm Induction Limited IPO valuation snapshot: P/E 14.53, EPS ₹7.43/-, P/B 2.95, RoNW 27.66%, and market cap N/A.
To apply for Megatherm Induction Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Megatherm Induction Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Megatherm Induction Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Megatherm Induction Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Megatherm Induction Limited IPO allotment status on IPO Ji for quick and easy access.