Megatherm Induction IPO GMP, Details, Date, Allotment 2024

Megatherm Induction IPO description – Megatherm Induction Limited is coming up with its Initial public offering. The IPO will be open for subscription on January 29, 2024

 

Megatherm Induction IPO – Details

 

IPO Open Date 29 January 2024
IPO Close Date 31 January 2024
Issue Type Book Built Issue IPO
Issue Size 49,92,000 Shares Worth ₹53.91 Crore

Fresh Issue: 49,92,000 Shares Worth ₹53.91 Crore

Face Value ₹10 per equity share
IPO Price ₹100 – ₹108
Market Lot 1200 Shares
Minimum Order 1200 Shares (1 Lot)
Listing At NSE SME
Register Bigshare Services Pvt Ltd
Retail Shares Offered 35%
QIB Shares Offered 50%
NII (HNI) Shares Offered 15%

 

 

Megatherm Induction IPO – Date Schedule

 

IPO Opening Date 29 January 2024
IPO Closing Date 31 January 2024
Finalization of Basis of Allotment 01 February 2024
Refunds Initiation 02 February 2024
Transfer of shares to demat accounts 02 February 2024
Listing Date of IPO 05 February 2024

 

Megatherm Induction IPO – About Company 

 

Megatherm Induction Limited manufactures induction heating and melting products using electrical induction such as induction melting furnaces and induction heating equipment. Megatherm Induction is a subsidiary of Megatherm Electronics Private Limited.

The company extends its expertise to manufacturing upstream and downstream equipment and machinery for steelworks. This encompasses transformers, ladle refining furnaces, continuous casting machines, fume extraction systems, and electric arc furnaces tailored for the alloy and special steel industry.

Furthermore, Megatherm Induction provides comprehensive turnkey solutions for steel plants, offering services ranging from planning and engineering to delivery, assembly, and commissioning of steel plants. The company leverages its in-house and outsourced systems and machines, complemented by customer service provisions such as maintenance contracts and a spare parts business.

Megatherm’s primary market segments include secondary steel producers engaged in scrap recycling, primary steel producers converting iron ore into sponge iron, automotive suppliers, Ordnance factories, railroads, DI pipe manufacturers, and various engineering industries producing critical parts in their casting, forging, and metal processing facilities.

Situated in Kharagpur, Megatherm Induction’s manufacturing unit boasts a production capacity of approximately 300 furnaces and transformers as of March 31, 2023. The company actively exports its products to regions such as South America, Africa, the Gulf region, Europe, SAARC, and Southeast Asia. As of July 31, 2023, Megatherm Induction Limited maintained a workforce of 285 permanent employees.

Megatherm Induction IPO
Megatherm Induction IPO

Megatherm Induction IPO Financial Performance

 

FY 2022 FY 2023 H1 FY 2024
Revenue 187.83 265.88 146.88
Expenses 186.95 246.60 137.24
Net income 1.10 14.00 7.59

Figures in INR Crores

 

Megatherm Induction IPO – Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 2.25 0.80 10.11
PE ratio 9.89 – 10.68
RONW (%) 8.80 3.01 27.66
NAV 25.55 26.44 36.56
ROCE (%) 14.44 8.46 27.47
EBITDA (%) 12.08 4.22 10.36
Debt/Equity 1.13 1.10 0.85

 

Megatherm Induction IPO – Prospectus

 

Megatherm Induction IPO Competitive Strengths

 

  • Established Manufacturing facility.
  • Technical capabilities for complex applications.
  • Long standing relationship with our customers.
  • Experienced and Qualified Promoters and Management team.
  • Delivering financial performance with strong order book.

 

 Object Of The Issue

 

  • 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 IPO GMP Today

 

Date Day-wise IPO GMP Kostak Subject to Sauda
25 January 2024 65 62,000

 

Megatherm Induction IPO – Allotment Status

 

Megatherm Induction IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

 Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 1200 1,29,600
Retail (Max) 1 1200 1,29,600
HNI (Min) 2 2400 2,59,200

 

 

ALSO READ – Harshdeep Hortico IPO GMP

 

JOIN OUR TELEGRAM

 

Disclaimer: No content on this website should be treated as investment advice. All the content offered on the website is for informational purposes only. Please contact your adviser before making an investment. 

Leave a Comment