The Megatherm Induction date has been confirmed from January 29, 2024 and closes on January 31, 2024. Read the post to learn about Megatherm Induction IPO GMP.
Megatherm Induction Developers IPO is a fixed price issue of Rs 53.91 crores. The price band is set at ₹ 100 to ₹ 108 per share. The application requires a minimum lot size of 1200 Shares. The minimum amount of investment needed by retail investors is ₹ 129,600. The minimum investment for HNI is 2 lots (2,400 shares) of ₹ 259,200.
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Key Details Of Megatherm Induction IPO
Bidding Dates
Jan 29-31
Price Range
₹100 to ₹108 per share
Face Value
₹10 per share
GMP
₹110
Megatherm Induction IPO GMP
The Megatherm Induction IPO GMP Today is ₹110.
Megatherm Induction IPO Overview
Megatherm Induction IPO is a book- built issuance worth Rs 53.91 crore. The issue is wholly new, with 49.92 lakh shares issued. Megatherm Induction’s original public immolation( IPO) will be available for subscription on January 25, 2024 and close on January 30, 2024. The Megatherm Induction IPO allotment is expected to be finalized on Wednesday, January 31, 2024.Megatherm Induction’s IPO will be placed on NSE SME, with a conditional listing date of Friday, February 2, 2024. Megatherm Induction’s IPO price range is set at ₹100 to ₹108/share. The Megatherm Induction IPO GMP Today is ₹ 110. The application requires a minimum lot size of 1200 Shares. The minimum investment for retail investors is ₹ 129,600. The minimum investment for HNI is 2 lots (2,400 shares) valued at ₹ 259,200.
Megatherm Induction’s IPO price range is ₹100-₹108 per share. The application requires a minimum lot size of 1200 Shares The minimal investment for retail investors is ₹ 129,600. The minimal investment for HNI is 2 lots( 2,400 shares) worth ₹ 259,200.
Megatherm Induction IPO Details
| IPO Date | January 25, 2024 to January 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹108 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,992,000 shares (aggregating up to ₹53.91 Cr) |
| Fresh Issue | 4,992,000 shares (aggregating up to ₹53.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,848,729 |
| Share holding post issue | 18,840,729 |
| Market Maker portion | 250,800 shares |
Megatherm Induction Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 |
| Net Worth | 5,062.64 | 3,662.23 | 3,512.13 |
| Reserves and Surplus | 4,139.39 | 2,738.98 | 2,598.88 |
| Total Borrowing | 4,282.04 | 4,038.80 | 4,327.04 |
| Amount in ₹ Lakhs | |||
Megatherm Induction IPO Timeline
| IPO Open Date | Thursday, January 25, 2024 |
| IPO Close Date | Tuesday, January 30, 2024 |
| Basis of Allotment | Wednesday, January 31, 2024 |
| Initiation of Refunds | Thursday, February 1, 2024 |
| Credit of Shares to Demat | Thursday, February 1, 2024 |
| Listing Date | Friday, February 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 30, 2024 |
Company Profile
Megatherm Induction Limited, innovated in 2010, manufactures induction heating and melting products that use electrical induction, similar as induction melting furnaces and induction heating equipment. Megatherm Induction is part of Megatherm Electronics Private Limited. The company’s products include transformers, ladle refining furnaces, nonstop casting machines, fume extraction systems, and electric bow furnaces for the alloy and special steel industries. The company also provides turnkey solutions for steel plants, which include planning, engineering, delivery, assembly, and commissioning of steel
plants using its own or outsourced systems and machines, as well as customer servicing through maintenance contracts and spare corridor sales. Megatherm’s crucial request parts include secondary steel directors who recycle scrap, primary steel directors who convert iron ore into sponge iron and also into steel via induction melting, automotive suppliers, ordnance factories and railroads, DI pipe manufacturers, and colorful engineering industries that manufacture critical parts in their own casting, forging, and metal processing facilities. Megatherm Induction’s manufacturing facility is in Kharagpur and can produce roughly 300 furnaces and transformers( as of March 31, 2023). The company exports goods to South America, Africa, the Gulf area, Europe, SAARC, and Southeast Asia. As of July 31, 2023, the company employed 285 endless workers.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Megatherm Induction Limited |
| Phone number | +91 33 4088 6200 |
| Email ID | [email protected] |
| Website | megatherm.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Megatherm Induction IPO FAQs
When Megatherm Induction IPO will open?
The Megatherm Induction IPO opens on January 25, 2024 and closes on January 30, 2024.
What is the lot size of Megatherm Induction IPO?
Megatherm Induction IPO lot size is 1200 Shares, and the minimum amount required is ₹129,600.
When is Megatherm Induction IPO allotment?
The finalization of Basis of Allotment for Megatherm Induction IPO will be done on Wednesday, January 31, 2024, and the allotted shares will be credited to your demat account by Thursday, February 1, 2024.
When is Megatherm Induction IPO listing date?
The Megatherm Induction IPO listing date is not yet announced. The tentative date of Megatherm Induction IPO listing is Friday, February 2, 2024.
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