Megatherm Induction IPO description – Megatherm Induction specializes in manufacturing induction heating and melting products using electric induction, including the induction melting furnace and heating equipment.
The company manufactures electric arc furnaces for alloy and special steel industries and offers turnkey solutions for steel plants. It handles everything from design to after-sales service—engineering, supply, erection, commissioning, and maintenance contracts. Elevate its steel production with a comprehensive approach.
Following are the key market areas of the products –
- Secondary Steel producers involved in scrap recycling
- Primary Steel producers are involved in the conversion of iron ore into sponge iron & subsequent conversion into steel through Induction Melting
- Auto ancillaries
- Ordnance factories & Railways
- DI pipe producers and diverse engineering industries involved in producing critical parts in its captive casting, forging & metal working units
As of 31 July 2023, Megatherm Induction had an order book of approximately INR 290 crore. Megatherm Induction exports products to diverse regions: South America (e.g., Argentina, Brazil), Africa (e.g., South Africa, Kenya), Gulf (e.g., Saudi Arabia, UAE), Europe (e.g., Poland, France), SAARC (e.g., Bangladesh, Nepal), and South East Asia (e.g., Indonesia, Malaysia).
For Fiscals 2023, 2022, and 2021, exports were INR 68.26 crore, INR 37.43 crore, and INR 37.85 crore, respectively, contributing 25.67%, 19.93%, and 34.72% to the revenue.
Promoters of Megatherm Induction – Shesadri Bhusan Chanda, Satadri Chanda, and Megatherm Electronics Private Limited
Table of Contents
Megatherm Induction IPO Details
| Megatherm Induction IPO Dates | 29 – 31 January 2024 |
| Megatherm Induction Issue Price | INR 100 – 108 per share |
| Fresh issue | 4,992,000 shares (INR 49.92 – 53.91 crore) |
| Offer For Sale | NIL |
| Total IPO size | 4,992,000 shares (INR 49.92 – 53.91 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 129,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Megatherm Induction Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 109.01 | 187.83 | 265.88 | 146.88 |
| Expenses | 105.02 | 186.95 | 246.60 | 137.24 |
| Net income | 3.09 | 1.10 | 14.00 | 7.59 |
Megatherm Induction Offer News
- Megatherm Induction RHP
- Megatherm Induction Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Megatherm Induction 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 GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 3 February 2024 | 105 | – | 100,000 |
| 2 February 2024 | 115 | – | 120,000 |
| 1 February 2024 | 125 | – | 120,000 |
| 31 January 2024 | 120 | – | 115,000 |
| 30 January 2024 | 90 | – | 84,300 |
| 29 January 2024 | 75 | – | 72,500 |
| 27 January 2024 | 75 | – | 70,000 |
| 26 January 2024 | 72 | – | 68,000 |
| 25 January 2024 | 65 | – | 62,000 |
| 24 January 2024 | 50 | – | 47,500 |
| 23 January 2024 | 40 | – | 37,000 |
| 22 January 2024 | 40 | – | 38,000 |
| 20 January 2024 | 40 | – | 40,000 |
Megatherm Induction IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 948,000 | 711,600 | 1,659,600 | 3,376,000 |
| 31 Jan 2024 | 105.14 | 307.39 | 200.51 | 192.89 |
| 30 Jan 2024 | 1.53 | 56.29 | 86.47 | 54.80 |
| 29 Jan 2024 | 1.00 | 9.03 | 18.69 | 11.37 |
The market maker reservation portion of 250,800 shares is not included in the above calculations.
Megatherm Induction IPO Allotment Status
Megatherm Induction IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Megatherm Induction IPO Dates & Listing Performance
| IPO Opening Date | 29 January 2024 |
| IPO Closing Date | 31 January 2024 |
| Finalization of Basis of Allotment | 1 February 2024 |
| Initiation of refunds | 2 February 2024 |
| Transfer of shares to demat accounts | 2 February 2024 |
| IPO Listing Date | 5 February 2024 |
| Opening Price on NSE SME | INR 198 per share (up 83.33%) |
| Closing Price on NSE SME | INR 207.90 per share (up 92.50%) |
Megatherm Induction Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Megatherm Induction Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Megatherm Induction Offer Contact Details
MEGATHERM INDUCTION LIMITED
Plot- L1 Block GP, Sector V, Electronics Complex,
Saltlake City Kolkata-700091, West Bengal
Phone: +91 33 4088 6200
E-mail: [email protected]
Website: www.megatherm.com
IPO FAQs
What is the Megatherm Induction offer size?
Megatherm Induction offer size is INR 49.92 – 53.91 crores.
What is the Megatherm Induction offer price band?
Megatherm Induction public offer price is INR 100 – 108 per share.
What is the lot size of the Megatherm Induction IPO?
Megatherm Induction offer lot size is 1,200 shares.
What is Megatherm Induction IPO GMP today?
Megatherm Induction IPO GMP today is INR 105 per share.
What is the Megatherm Induction kostak rate today?
Megatherm Induction kostak rate today is NA per application.
What is Megatherm Induction Subject to Sauda rate today?
Megatherm Induction is Subject to the Sauda rate today is INR 100,000 per application.
