Megatherm Induction IPO subscription is to open on Jan 29, 2024 and will close on Jan 31, 2024, the price band of the Megatherm Induction IPO is fixed at ₹ ₹ 100 – ₹ 108.
Megatherm Induction is engaged in the business of manufacturing of induction heating and melting products by means of electric induction like induction melting furnace and induction heating equipment
Table of Contents
About Megatherm Induction
Megatherm Induction is engaged in the business of manufacturing of induction heating and melting products by means of electric induction like induction melting furnace and induction heating equipment. Besides induction melting & heating equipments our company produces various up-stream & down-stream plant & machineries associated with steel melt shops such as, transformers, ladle refining furnaces, continuous casting machines, fume extraction systems etc.
The Company also manufacturers electric arc furnaces for alloys & special steel making industries, the services portfolio includes turnkey solutions for steel plant, which involves design, engineering, supply, erection & commissioning of the steel melt shops using both insourced & outsourced plant & machineries and after sales service, involving maintenance contracts & spare parts business.
Objects of the Issue
- Funding capital expenditure towards construction of factory shed and installation of additional plant and machinery.;
- To meet Working Capital requirements
- General Corporate Purpose
Megatherm Induction Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | ||
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
| Total Assets | 19,197.87 | 17,262.76 | 14,645.06 |
| Total income | 26,643.84 | 18,846.92 | 10,927.03 |
| Total Expenses | 24,660.37 | 18,694.92 | 10,501.51 |
| Profit After Tax | 1,400.41 | 110.10 | 309.12 |
Megatherm Induction IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 49,92,000 Equity Shares of ₹ 10 (aggregating up to ₹ 6.71 Cr) |
| Issue Open Date | 29-Jan-2024 |
| Issue Close Date | 31-Jan-2024 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 100 – ₹ 108 |
| Face Value | ₹ 10 |
| Market Lot | 1200 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 1200 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE SME |
| NSE Symbol | MEGATHERM |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Megatherm Induction IPO DRHP & RHP
Megatherm Induction IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 1200 | 129,600 |
| Maximum | 1 | 1200 | 129,600 |
Megatherm Induction IPO Lead Managers
- Hem Securities Limited
Megatherm Induction IPO Registrar
Megatherm Induction IPO Allotment Date, Listing Date and other Important Dates
| Details | IPO Date |
|---|---|
| Bid / Offer Opens on | 29-Jan-2024 |
| Bid / Offer Closes on | 31-Jan-2024 |
| Finalisation of Basis of Allotment | 1-Feb-2024 |
| Initiation of refunds | 2-Feb-2024 |
| Credit of the Equity Shares | 2-Feb-2024 |
| Listing Date | 5-Feb-2024 |
Company Registered Office
Plot- L1 Block GP, Sector V,
Electronics Complex, Saltlake City
Kolkata-700091,
West Bengal, India.
Website: www.megatherm.com
Company Promoters
- Shesadri Bhusan Chanda
- Satadri Chanda
- Megatherm Electronics Private Limited
Megatherm Induction IPO – FAQS
What is the Megatherm Induction IPO Price?
The Megatherm Induction IPO price band is ₹ 100 – ₹ 108 per share
When Megatherm Induction IPO will open?
The Megatherm Induction IPO opens on Jan 29, 2024 and closes on Jan 31, 2024
What is the lot size of Megatherm Induction IPO?
The Megatherm Induction IPO lot size is 1200 Equity Shares and the minimum order quantity is 1200 Equity Shares
Who is the Registrar for Megatherm Induction IPO?
The Registrar for Megatherm Induction IPO is Bigshare Services Private Limited
How to apply in Megatherm Induction IPO through UPI?
Check the step by step process here – Click here
How to apply in Megatherm Induction IPO through Zerodha?
Check the step by step process here – Click here
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Megatherm Induction IPO Subscription Status
Megatherm Induction IPO subscription status to start from Jan 29 to Jan 31, 2024. The Megatherm Induction IPO consists of 49,92,000 Equity Shares of ₹ 10 (aggregating up to ₹ 6.71 Cr). The price range for the offer has been fixed at ₹ 100 – ₹ 108 per share
Megatherm Induction IPO Subscription Status
| Day | Date | NII | Retail | Total |
| Day 1 | 29-Jan-2024 | |||
| Day 2 | 30-Jan-2024 | |||
| Day 3 | 31-Jan-2024 |
Megatherm Induction IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 1200 | 129,600 |
| Maximum | 1 | 1200 | 129,600 |
Megatherm Induction IPO Subscription Status – FAQs
How much Megatherm Induction IPO subscribed on Day 1?
The Megatherm Induction IPO subscribed [.] times on day 1
How much Megatherm Induction IPO subscribed on Day 2?
The Megatherm Induction IPO subscribed [.] times on day 2
How much Megatherm Induction IPO subscribed on Day 3?
The Megatherm Induction IPO subscribed [.] times on day 3
Megatherm Induction IPO Allotment Status, how to check status online
Megatherm Induction IPO Allotment Status is to be finalized on Feb 01, 2024, Thursday. The Megatherm Induction IPO will be listed on Feb 05, 2024. Megatherm Induction IPO subscription status to start from Jan 29 to Jan 31, 2024. The Megatherm Induction IPO consists of 49,92,000 Equity Shares of ₹ 10 (aggregating up to ₹ 6.71 Cr). The price range for the offer has been fixed at ₹ ₹ 100 – ₹ 108 per share
Megatherm Induction IPO Allotment Date
Megatherm Induction IPO Allotment Status is to be finalized on Feb 01, 2024, Thursday. The Megatherm Induction IPO will be listed on Feb 05, 2024.
| Details | IPO Date |
|---|---|
| Finalisation of Basis of Allotment | 1-Feb-2024 |
| Initiation of refunds | 2-Feb-2024 |
| Credit of the Equity Shares | 2-Feb-2024 |
| Listing Date | 5-Feb-2024 |
Megatherm Induction IPO Allotment Status – Step by Step – How to Check IPO Allotment Status ?
Megatherm Induction IPO Allotment Status is not available at the moment, check the allotment status after 1-Feb-2024
There are many ways to check the IPO allotment status, mainly BSE Website, Registrar Website and Demat Account, lets see how to check
1.IPO Registrar Website
Step 1: Go to Bigshare Services Official Website – Direct Link here
Step 2: Select IPO “Megatherm Induction”
Step 3: Select Option from Application Number, PAN Number or Demat Account Number
Step 4: Enter Application Number, PAN Number or Demat Account Number details
Step 5: Enter Captcha and click submit
2.Demat Account
Login to Your Demat Account / Trading Account
Check the stock is credited to your account or not
Megatherm Induction IPO Allotment Status – FAQs
How to check Megatherm Induction IPO Allotment Status?
You can check Megatherm Induction IPO Allotment Status through BSE Website or IPO Registrar Website, check the step by step in the above paragraph
When is Megatherm Induction IPO Allotment Date?
Megatherm Induction IPO Allotment date is on February 01, 2024
When will be Megatherm Induction shares will be allocated to demat account?
Megatherm Induction shares will be assigned to demat account on February 02, 2024
When will be Megatherm Induction IPO Refund Date?
Megatherm Induction IPO Allotment date is on February 01, 2024 and Refund date is on February 02, 2024
When is Megatherm Induction IPO Listing Date?
Megatherm Induction IPO listing date is on February 05, 2024
Megatherm Induction IPO Listing Date, Price & Listing Code
Megatherm Induction IPO Listing date is on Feb 05, 2024, Monday. Megatherm Induction IPO subscription status to start from Jan 29 to Jan 31, 2024. The Megatherm Induction IPO consists of 49,92,000 Equity Shares of ₹ 10 (aggregating up to ₹ 6.71 Cr). The price range for the offer has been fixed at ₹ ₹ 100 – ₹ 108 per share
Megatherm InductionListing Date
Megatherm Inductionshares will be listed on the NSE SME on Feb 05, 2024, Monday at 10:00 AM.
Megatherm Induction IPO Listing Price
| Details | NSE Listing |
| Issue Price | ₹ 100 – ₹ 108 |
| Listing Price | ₹ |
| High Price | ₹ |
| Low Price | ₹ |
| Close Price | ₹ |
Megatherm Induction IPO Listing Code
| NSE Symbol | MEGATHERM |
| Scrip Code | |
| ISIN No | |
| Notice |