Megatherm Induction Limited IPO (Megatherm Induction IPO)

Megatherm Induction Limited IPO
Upcoming Megatherm Induction IPO | New Megatherm Induction IPO

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

Megatherm Induction IPO – Details

IPO Opening Date29 January 2024
IPO Closing Date31 January 2024
Issue TypeBook Built Issue IPO
Issue Size49,92,000 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 Lot1200 Shares
Min Order1200 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Megatherm Induction IPO – Date Schedule

IPO Open Date29 January 2024
IPO Close Date31 January 2024
Basis of Allotment01 February 2024
Initiation of Refund02 February 2024
Credit of Shares to Demat Account02 February 2024
IPO Listing Date05 February 2024
Cut-off time for UPI mandate confirmation5 PM on Jan 31, 2024

Megatherm Induction IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)112001,29,600
Retail (Maximum)112001,29,600
HNI (Minimum)224002,59,200

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.
Megatherm Induction IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2021109.27105.013.0943.27
31 March 2022188.46186.941.1040.38
31 March 2023266.43246.6014.0042.82
Amount in ₹ Crore

Key Performance Indicator


Megatherm Induction IPO Promoter Holding

Pre Issue Share Holding98.92%
Post Issue Share Holding72.71%

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

Megatherm Induction IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Megatherm Induction IPO Lead Manager(s)

1. Hem Securities Limited

Megatherm Induction IPO FAQs

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.
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