Megatherm Induction IPO Date, Price, Allotment Date

Megatherm Induction IPO (Initial Public Offering): offering will begin on January 25, 2024 and end January 30, 2024 under NSE Emerge SME with an ambitious fundraising target of Rs53.91 crores.

Megatherm Induction’s investors should take note of these important dates to assess this unique emerging SME opportunity presented by Megatherm Induction’s IPO in this sector.

Megatherm Induction IPO Date Price Allotment Date

About Megatherm Induction:

Megatherm Induction, founded in India and operating since 1989, specializes in metal heating and melting equipment using induction technology. As industry leaders they cater to various metalworking sectors including steel production, foundry production and forging.

Megatherm Induction Products and Services Offered:

Heat Treatment & Special Applications: Induction equipment is designed specifically for hardening, tempering and other heat treatment processes such as hardening/tempering/buffing processes.

Pipes & Tubes Heating/Welding: Induction heaters provide heat for pipe bending, welding and other uses.

Power Distribution Equipment: Transformers, switchgear and other electrical items designed specifically to support induction systems are included as Power Distribution Equipment.

Solid State Power Supplies: IGBT and thyristor-based power supplies designed specifically to power induction equipment are now widely used.

Turnkey Solutions: Design, installation and commissioning of induction heating and melting systems from conception through completion are provided as turnkey services.

Megatherm Induction Financials:

Revenue growth has steadily been on an upward trend, increasing 41.37% between FY22 and FY23.

Profit After Tax (PAT) witnessed an astounding year-over-year surge of 1171.94% during this same timeframe.

This company plans an Initial Public Offering (IPO) through NSE Emerge starting January 25, 2024 and concluding January 30, 2024. so that they could raise some more money.

Megatherm Induction Strengths:

Experienced team: Formed by experts with more than 45 years of expertise in electrothermal processing.

Wide range of products and services: Fulfils the needs of various metalworking industries.

Energy Efficiency: Their “Green furnace” technology boasts lower energy consumption compared to competitors.

Megatherm Induction Challenges:

Competition: They face intense rivalry among established players in the induction heating market.

Economic Slowdowns: Metalworking industries tend to be highly cyclical and can be severely affected by economic downturns.

Import Dependence: Certain key components may require imports, which could alter pricing and margins significantly.

Megatherm Induction pro and cons

ProsCons
Strong market position in the Indian induction heating marketFaces competition from established players
Consistent revenue growth and significant profit surgeSusceptible to cyclical downturns in the metalworking industry
Expertise in energy-efficient “Green furnace” technologyRelies on imported components for some equipment
Experienced team with over 45 years of experienceLimited financial information as a private company
Upcoming IPO on NSE Emerge platformInherent risks associated with IPOs

Utilization of Proceeds:

  • Funding capital expenditure towards the construction of factory shed and installation of additional plant and machinery.
  • To meet Working Capital requirements.
  • General Corporate Purpose.

Place to check IPO status: Click here

Megatherm Induction IPO Dates and Band Price Details:

IPO Open:January 25, 2024
IPO Close:January 30, 2024
IPO Size:Approx ₹53.91 Crores, 4,992,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹100 to ₹108 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:35% of the net offer
QIB Quota:50% of the net offer
NII Quota:15% of the net offer
DRHP Draft Prospectus:Click Here

Megatherm Induction IPO Market Lot size:

ApplicationLot SizeSharesAmount
Retail Minimum11200₹129,600
Retail Maximum11200₹129,600
S-HNI Minimum22400₹259,200

Megatherm Induction IPO Dates:

IPO Open Date:January 25, 2024
IPO Close Date:January 30, 2024
Basis of Allotment:January 31, 2024
Refunds:February 1, 2024
Credit to Demat Account:February 1, 2024
IPO Listing Date:February 2, 2024

Megatherm Induction Financial Report:

YearRevenueExpensePAT
2021₹109.27 Cr₹105.02 Cr₹36.09 Cr
2022₹188.47 Cr₹186.95 Cr₹1.1 Cr
2023₹266.44 Cr₹246.60 Cr₹14 Cr

PAT:-profit after tax

Peer Group:

  • Electrotherm (India) Ltd

Company Promoters

  • Shesadri Bhusan Chanda
  • Satadri Chanda
  • Megatherm Electronics Private Limited

Megatherm Induction IPO Registrar

CategoryDetails
Company NameBigshare Services Pvt Ltd
Phone+91-22-6263 8200
Email[email protected]
Websitehttp://www.bigshareonline.com

Company Details:

CategoryDetails
Company NameMegatherm Induction Limited
AddressPlot – L1 Block GP, Sector V, Electronics Complex, Saltlake City, Kolkata – 700091
Phone+91 33 4088 6200
Email[email protected]
Websitehttp://www.megatherm.com/

Frequently Asked Questions FAQs

When Megatherm Induction IPO will open?

IPO registration opens January 25, 2024 for QIBs, NIIs and Retail Investors.

What is Megatherm Induction IPO Investors Portion?

QIB Investor Share, National Infrastructure Investment (NII), and Retail share is each equal at 50%, 15% and 35% respectively.

What is Megatherm Induction IPO?

Megatherm Induction’s NSE SME IPO seeks to raise Rs53.91 Crore through their offer priced from Rs100-Rs108 per share and listed on NSE.

What is Megatherm Induction IPO Size?

Megatherm Induction has an initial public offering size of Rs53.91 crores.

What is Megatherm Induction IPO Price Band?

Megatherm Induction IPO Price Band is ₹100 to ₹108 per equity share.

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