The allotment status for Megatherm Induction IPO (Initial Public Offering) will be determined on February 1, 2024. The refund process will begin on February 2, 2024 and shares will be added to Demat accounts on February 2, 2024. It is expected that Megatherm Induction IPO will be listed on February 5, 2024. Investors can check their allotment status online on the Bigshare website or through their bank and Demat account in offline mode. Here is a step-by-step guide on how to check the allotment status for Megatherm Induction IPO online or offline.
The company plans to raise approximately ₹53.91 Crores through the IPO, with a fixed price per equity share of ₹100 to ₹108. The IPO will be listed on the NSE SME.
How To Check Megatherm Induction IPO Allotment Status:
Megatherm IPO Time Table:
| Event | Date |
| Opening Date | 29 January 2024 (Monday) |
| Closing Date | 31 January 2024 (Wednesday) |
| Basis of Allotment | 1 February 2024 (Thursday) |
| Initiation of Refunds | 2 February 2024 (Friday) |
| Credit of Shares to Demat | 2 February 2024 (Friday) |
| Listing Date | 5 February 2024 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 31 January 2024 |
Megatherm Induction IPO Subscription Status:
| Category | Subscription |
| QIB | 105.14x |
| NII | 307.04x |
| Retail | 200.51x |
| Total | 196.11x |
Megatherm Induction IPO Allotment Date:
The allotment date for Megatherm Induction IPO is 1 February 2024.
Megatherm IPO Allotment Timing:
The allotment status of Megatherm IPO will be updated on the register’s website between 10:00 PM tonight (1 February 2024) and 11:00 AM tomorrow (2 February 2024).
Megatherm IPO Allotment Chances:
The basis of allotment for the Megatherm IPO will be around 0.50%, as determined by the retail subscription rate. (Approx.)
You can Check Megatherm Induction IPO Allotment Status in two ways:
Megatherm Induction IPO: Discover Your Allotment Status on BSE
- Go to the direct BSE link at : BSE Link (Click Here) and log in.
- Select the Megatherm Induction IPO.
- Enter the Megatherm Induction IPO application number.
- Enter your PAN details.
- Verify that you are not a robot by clicking the ‘I’m not a robot’ button.
- Click the ‘Submit’ button.
Megatherm Induction IPO: Discover Your Allotment Status on BigShare Services
- Go to the direct BigShare link at (Click Here) and log in.
- Select the Megatherm Induction IPO.
- Enter the Megatherm Induction IPO application number.
- Enter your PAN details.
- Verify that you are not a robot by clicking the ‘I’m not a robot’ button.
- Click the ‘Submit’ button.
Megatherm Induction IPO Allotment Link
Megatherm Induction IPO GMP TODAY:
| Company Name | GMP (₹) | Listing Gain |
| Megatherm Induction IPO GMP | ₹135 | 125.00% |
About Megatherm Induction Limited
Established in 2010, Megatherm Induction Limited specializes in creating induction heating and melting solutions using electrical induction, such as furnaces and heating equipment. It operates as a subsidiary of Megatherm Electronics Private Limited.
Beyond induction products, Megatherm Induction manufactures a range of equipment for steelworks, including transformers, ladle refining furnaces, continuous casting machines, and fume extraction systems. They also provide electric arc furnaces for the alloy and special steel industry.
The company goes further by offering comprehensive turnkey solutions for steel plants. This includes everything from planning and engineering to delivering, assembling, and commissioning steel plants. Megatherm provides customer service through maintenance contracts and a spare parts business.
Megatherm primarily serves secondary steel producers, primary steel producers, automotive suppliers, ordnance factories, railroads, DI pipe manufacturers, and various engineering industries. These industries rely on Megatherm’s expertise for their scrap recycling, iron ore conversion, induction melting, and metal processing needs.
Located in Kharagpur, Megatherm Induction’s manufacturing unit boasts a production capacity of around 300 furnaces and transformers, as of March 31, 2023.
The company has a global presence, exporting its products to South America, Africa, the Gulf region, Europe, SAARC, and Southeast Asia.
As of July 31, 2023, Megatherm Induction Limited employs 285 permanent staff members.
Megatherm Induction IPO FAQs
When is Megatherm Induction IPO Allotment Date?
Megatherm Induction IPO Allotment is to be available on February 1, 2024.
What will be Megatherm Induction IPO Refund Date?
The Megatherm Induction IPO refund date is February 2, 2024.
What are the Megatherm Induction IPO Allotment Chances in Percentage (%)?
The Megatherm Induction IPO allotment is based on the subscription. As per the retail application received the basis of allotment will be around 0.50%. (Approx.)
How do I Check My Megatherm Induction IPO Allotment Status?
How to Check Your Megatherm Induction IPO Allotment Status: Utilize Your PAN Number, Application Number, or Verify the Deducted Amount from Your Bank Account.
How to check Megatherm Induction IPO Allotment Status?
To check your Megatherm Induction IPO allotment status, you can use your PAN number, application number or check the amount deducted from your bank account.
How to check the Megatherm Induction IPO Allotment via Registrar ( Name )?
To check the allotment status of Megatherm Induction IPO, simply log onto the allotment page and enter your application number, PAN number, or demat account number. It’s that easy! Click Here
What is Megatherm Induction IPO Listing Date?
Megatherm Induction IPO listing date is February 5, 2024. The IPO is to list on NSE SME.
For Motre Detail of Megatherm Induction IPO Click Here
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