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 also manufactures upstream and downstream equipment and machinery for steelworks, such as transformers, ladle refining furnaces, continuous casting machines, fume extraction systems, etc., as well as electric arc furnaces for the alloy and special steel industry.
The company also offers turnkey solutions for steel plants, which include the planning, engineering, delivery, assembly and commissioning of steel plants with its own or outsourced systems and machines, as well as customer service with maintenance contracts and spare parts business.
Megatherm’s key market segments are Secondary steel producers that recycle scrap, primary steel producers that convert iron ore into sponge iron and then convert it into steel through induction melting, automotive suppliers, Ordnance factories and railroads, DI pipe manufacturers, and various engineering industries that produce critical parts in their own casting, forging and metal processing facilities.
Megatherm Induction’s manufacturing unit is located in Kharagpur and has a production capacity of around 300 furnaces and transformers (as of March 31, 2023).
The company exports products to South America, Africa, the Gulf region, Europe, SAARC and Southeast Asia. As at July 31, 2023, the company had 285 permanent employees.
Megatherm Induction IPO – Details
| IPO Opening Date | 29 January 2024 |
| IPO Closing 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 |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Megatherm Induction IPO – Date Schedule
| IPO Open Date | 29 January 2024 |
| IPO Close Date | 31 January 2024 |
| Basis of Allotment | 01 February 2024 |
| Initiation of Refund | 02 February 2024 |
| Credit of Shares to Demat Account | 02 February 2024 |
| IPO Listing Date | 05 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jan 31, 2024 |
Megatherm Induction IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | 1,29,600 |
| Retail (Maximum) | 1 | 1200 | 1,29,600 |
| HNI (Minimum) | 2 | 2400 | 2,59,200 |
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.
Company Promoters
- Shesadri Bhusan Chanda
- Satadri Chanda
- Megatherm Electronics Private Limited
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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 109.27 | 105.01 | 3.09 | 43.27 |
| 31 March 2022 | 188.46 | 186.94 | 1.10 | 40.38 |
| 31 March 2023 | 266.43 | 246.60 | 14.00 | 42.82 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 27.47% |
| RoNW | 27.66% |
| P/BV | 0 |
Megatherm Induction IPO Promoter Holding
| Pre Issue Share Holding | 98.92% |
| Post Issue Share Holding | 72.71% |
Megatherm Induction IPO Prospectus
- Megatherm Induction IPO DRHP
- Megatherm Induction IPO RHP
Company Contact Information
| Megatherm Induction Limited Plot – L1 Block GP, Sector V, Electronics Complex, Saltlake City Kolkata – 700091 Phone: +91 33 4088 6200 Email: cs@megatherm.com Website: http://www.megatherm.com/ |
Megatherm Induction IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Megatherm Induction IPO Lead Manager(s)
| 1. Hem Securities Limited |
Megatherm Induction IPO FAQs
| What is Megatherm Induction IPO? Megatherm Induction IPO is a SME IPO. The issue is priced at ₹100 – ₹108 per equity share. The IPO is to be listed on NSE SME. |
| When Megatherm Induction IPO will open? The IPO is to open on 29 January 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Megatherm Induction IPO? You can apply Megatherm Induction IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Megatherm Induction IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Megatherm Induction”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Megatherm Induction IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Megatherm Induction”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Megatherm Induction IPO Size? Megatherm Induction IPO size is ₹53.91 crores. |
| What is Megatherm Induction IPO Price Band? Megatherm Induction IPO Price Band is ₹100 – ₹108. |
| What is Megatherm Induction IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,29,600 amount while the maximum bid is 1200 shares with ₹1,29,600. |
| What is the Megatherm Induction IPO Allotment Date? Megatherm Induction IPO allotment date is 01 February 2024. |
| What is the Megatherm Induction IPO Listing Date? Megatherm Induction IPO listing date is 05 February 2024. The IPO is to list on NSE SME. |
