Megatherm Induction is scheduled to hit the market on January 29, 2024 and close on January 31, 2024. Megatherm Induction plans to raise around ₹53.91 Cr through an IPO with a sale of up to 4,992,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Established in 2010, Megatherm Induction Limited, a subsidiary of Megatherm Electronics Private Limited, specializes in manufacturing induction heating and melting products like furnaces and heating equipment.
The company also produces equipment for steelworks, including transformers, ladle refining furnaces, and continuous casting machines. Megatherm Induction offers turnkey solutions for steel plants, providing services from planning and engineering to assembly and commissioning, along with maintenance contracts and spare parts.
Megatherm Induction IPO Details
Megatherm Induction IPO opens on Jan 29, 2024, and closes on Jan 31, 2024. The Listing date for Megatherm Induction IPO is on Feb 05, 2024. The price band for IPO is ₹100 to ₹108 per share and lot size of 1200 Shares.
| IPO Date | Jan 29, 2024 to Jan 31, 2024 |
| Listing Date | Feb 05, 2024 |
| Price | ₹100 to ₹108 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹53.91 Cr |
| Face Value | ₹10 per share |
Megatherm Induction IPO Tentative Timetable
Megatherm Induction opening date is January 29, 2024 and close date is January 31, 2024. The IPO allotment date is February 1, 2024. The refund initiation of IPO is on February 02, 2024. The credit of shares in demat account is on February 02, 2024. The listing date is on February 05, 2024.
| Event | Date |
|---|---|
| IPO Opening | Jan 29, 2024 |
| IPO Closing | Jan 31, 2024 |
| IPO Allotment Date | Feb 01, 2024 |
| Refund Initiation | Feb 02, 2024 |
| Shares Credit to Demat | Feb 02, 2024 |
| Lisiting Date | Feb 05, 2024 |
Megatherm Induction IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹129,600).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹129,600 |
| Retail(Maximum) | 1 | 1200 | ₹129,600 |
| HNI (Minimum) | 2 | 2400 | ₹259,200 |
Megatherm Induction IPO Promoter Holding
| Pre Issue Share Holding | 98.92% |
| Post Issue Share Holding | 72.71% |
Megatherm Induction IPO Review
Megatherm Induction Limited operates in the niche market segments of secondary steel production, primary steel production, automotive suppliers, ordnance factories, railroads, DI pipe manufacturers, and various engineering industries. With its manufacturing unit in Kharagpur, the company specializes in the production of furnaces and transformers. Megatherm's key market segments involve secondary steel producers, primary steel producers, automotive suppliers, ordnance factories, railroads, DI pipe manufacturers, and engineering industries. The company caters to diverse industries involved in recycling, casting, forging, and metal processing. The manufacturing unit in Kharagpur boasts a production capacity of approximately 300 furnaces and transformers as of March 31, 2023. This unit is crucial for the production and supply of Megatherm's specialized products.
Megatherm Induction Limited extends its reach globally by exporting products to South America, Africa, the Gulf region, Europe, SAARC, and Southeast Asia. This global presence signifies the company's competitiveness and market diversification. The financial performance of Megatherm Induction Limited showcases impressive growth. Revenue increased by 41.37%, and profit after tax (PAT) surged by a remarkable 1171.94% between the financial years ending March 31, 2023, and March 31, 2022. Key performance indicators such as Return on Capital Employed (ROCE) and Return on Net Worth (RoNW) stand at 27.47% and 27.66%, respectively. The market capitalization of Megatherm Induction IPO is estimated at Rs 203.48 Cr. Pre-IPO earnings per share (EPS) is calculated at Rs 10.11, with a pre-IPO price-to-earnings (P/E) ratio of 10.68. Post-IPO, the EPS is estimated at Rs 7.43, resulting in a P/E ratio of 14.53. The price-to-book value (P/BV) is at 0, indicating sound financial health.
The IPO aims to raise funds for capital expenditure towards the construction of factory shed and additional plant and machinery, meeting working capital requirements, and general corporate purposes. Megatherm Induction Limited appears to be a robust player in the specialized industrial equipment sector with a strong financial performance, global presence, and diversified customer base. A comprehensive review is recommended to assess the potential risks and rewards associated with investing in Megatherm Induction Limited's IPO.
Megatherm Induction IPO Subscription Status (Bidding Details)
Table not foundMegatherm Induction IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Megatherm Induction IPO FAQs
What is Megatherm Induction IPO?
Megatherm Induction is issuing 4,992,000 equity shares with a face value of ₹10 each, totaling up to ₹53.91 Cr. The shares are being offered at a price of ₹100 to ₹108 each, with a minimum order quantity of 1200 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Megatherm Induction IPO will open?
Megatherm Induction will open on January 29, 2024 for QIB, NII, and Retail Investors.
When Megatherm Induction IPO will end?
Megatherm Induction will end on January 31, 2024.
What is Megatherm Induction IPO Size?
Megatherm Induction IPO size is ₹53.91 Cr.
What is Megatherm Induction IPO Price Band?
Megatherm Induction price band is ₹100 to ₹108 per share.
What is the Megatherm Induction IPO Allotment Date?
Megatherm Induction allotment date is February 1, 2024.
What is the Megatherm Induction IPO Listing Date?
Megatherm Induction listing date is February 05, 2024. The IPO is to be listed on BSE and NSE.
How to Megatherm Induction IPO through Zerodha?
To apply for the IPO “Megatherm Induction” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Megatherm Induction IPO through Upstox?
To apply for the IPO “Megatherm Induction” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Megatherm Induction IPO Allotment Status?
For Megatherm Induction IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Megatherm Induction IPO GMP?
You can check out here: Megatherm Induction IPO GMP