Megatherm Induction IPO Details | GMP, Date, Price, Review

Megatherm Induction IPO

Table of Contents

Megatherm Induction IPO Details ( Megatherm Induction Limited IPO Review )

(29 Jan 2024 – 31 Jan 2024)

Established in 2010, Megatherm Induction Limited specializes in creating induction heating and melting solutions using electrical induction technology. Our products include induction melting furnaces and heating equipment. Megatherm Induction operates as a subsidiary of Megatherm Electronics Private Limited.

We design and manufacture a range of equipment for steelworks, including transformers, ladle refining furnaces, continuous casting machines, and fume extraction systems. Additionally, we provide electric arc furnaces tailored for the alloy and special steel industry.

For steel plants, we offer comprehensive turnkey solutions covering planning, engineering, delivery, assembly, and commissioning. Our services extend to customer support, offering maintenance contracts and spare parts.

Megatherm’s primary markets include secondary steel producers, primary steel producers, automotive suppliers, ordnance factories, railroads, DI pipe manufacturers, and various engineering industries involved in casting, forging, and metal processing.

Our manufacturing unit, located in Kharagpur, has a production capacity of approximately 300 furnaces and transformers as of March 31, 2023. We proudly export our products to South America, Africa, the Gulf region, Europe, SAARC, and Southeast Asia.

As of July 31, 2023, Megatherm Induction boasts a dedicated team of 285 permanent employees.

Megatherm Induction Limited Company Product

  • Induction melting furnace
  • Induction Billet Heaters
  • Induction Hardening & Heat-Treating Equipment
  • Induction Heating Power Source (Static Frequency Converter)
  • Transformer
  • Ladle Refining Furnace
  • Electric Arc Furnace
  • Continuous Casting Machine (CCM)

Megatherm Induction Limited IPO Competitive Strength

  • 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

Megatherm Induction IPO Financials Performance ( Results )

Megatherm Induction Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

Objective of Megatherm Induction IPO 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 Basic Details

IPO DateJan 29, 2024 to Jan 31, 2024
Listing DateMonday, February 5, 2024
Face Value₹10 per share
Price₹100 to ₹108 per share
Lot Size1200 Shares
Issue Size4,992,000 shares of ₹10
(aggregating up to ₹53.91 Cr)
Fresh Issue4,992,000 shares of ₹10
(aggregating up to ₹53.91 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue13,848,729
Share holding post issue18,840,729
Company PromotersShesadri Bhusan Chanda, Satadri Chanda
and Megatherm Electronics Private Limited

Megatherm Induction IPO Reservation

Anchor Investor Shares Offered28.49% of the Net Issue
Market Maker Shares Offered5.02% of the Net Issue
QIB Shares Offered18.99% of the Net Issue
NII (HNI) Shares Offered14.25% of the Net Issue
Retail Shares Offered33.25% of the Net Issue

Megatherm IPO Timetable

Megatherm IPO will open on January 29, 2024 and close on January 31, 2024. You can join Megatherm IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date29 January 2024 (Monday)
Closing Date31 January 2024 (Wednesday)
Basis of Allotment1 February 2024 (Thursday)
Initiation of Refunds2 February 2024 (Friday)
Credit of Shares to Demat2 February 2024 (Friday)
Listing Date5 February 2024 (Monday)
Deadline for UPI mandate confirmation5 PM on 31 January 2024

Megatherm IPO Lot Size

For retail investors in Megatherm IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹129,600. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹129,600.

Retail (Min)11200₹129,600
Retail (Max)11200₹129,600
S-HNI (Min)22400₹259,200

Megatherm Induction IPO Promoter Holding

The company’s promoters include Shesadri Bhusan Chanda, Satadri Chanda and Megatherm Electronics Private Limited.

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

Megatherm Induction Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)203.48
Earning Per Share (EPS)₹8.06 per Equity Share
Net Asset Value (NAV)₹36.56 per Equity Share
P/E Ratio (P/E) (x)10.68
Post P/E Ratio (P/E) (x)13.40
Return on Net Worth (RoNW) (%)27.66
Return on equity (ROE) (%)27.66
Return on Capital Employed (ROCE) (%)27.47
Debt/Equity Ratio1.67

Megatherm Induction Ltd Peer Comparison

Company NameConsolidated/
Value (₹)
Megatherm Induction
Peer Group
Electrotherm (India) LtdConsolidated146.4510-9.28

Megatherm Induction IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
31 January 2024₹135
30 January 2024₹135
29 January 2024₹135

Megatherm Induction IPO Detail Video:


Megatherm Induction IPO Subscription Status (Bidding Detail)

The Megatherm Induction IPO on January 31, 2024 at 7:30:00 PM was subscribed 196.11 times, with the retail category being subscribed 200.51 times, the NII (Non-Institutional Investor) category being subscribed 307.04 times, QIB (Qualified-Institutional Buyers) category being subscribed 105.14 times.


Megatherm Induction IPO Prospectus

Megatherm Induction IPO DRHPDownload
Megatherm Induction IPO RHPDownload
Megatherm Induction IPO Anchor Investors Details PDFDownload

Megatherm Induction IPO Rating

Our Rating3.5/5.0

Megatherm Induction Company Contact Information

Megatherm Induction Limited

Megatherm Induction Limited

Registered Office: Plot- L1 Block GP, Sector V, Electronics Complex, Saltlake City Kolkata-700091, West Bengal, India.
Tel No: + 91 33 4088 6200
Contact Person: Abanti Saha Basu, Company Secretary & Compliance Officer
Promoters of our Company: Shesadri Bhusan Chanda, Satadri Chanda and Megatherm Electronics Private Limited

Megatherm Induction IPO Registrar

Bigshare Services Private Limited

Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093, Maharashtra, India.
Telephone: +91 22 6263 8200; Facsimile: +91 22 6263 8299
Investor Grievance Email:
Contact Person: Babu Raphel
SEBI Registration Number: MB/INR000001385
CIN: U99999MH1994PTC076534

Megatherm Induction IPO Lead Manager

Hem Securities Limited

Address:904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra, India
Tel. No.: +91- 022- 49060000;
Fax No.: +91- 022- 22625991
Investor Grievance Email:
Contact Person: Sourabh Garg
SEBI Regn. No. INM000010981

Megatherm Induction IPO FAQs

What is the lot size of Megatherm Induction IPO?

The total size of Megatherm Induction IPO is ₹203.48 crores and this is a complete fresh Issue.

When will Megatherm Induction IPO start?

Megatherm Induction IPO will open from 29 January 2024 and IPO will close on 31 January 2024.

What is the open date of Megatherm Induction IPO?

Megatherm Induction IPO will open date from 29 January 2024.

What is the last date ( close date ) of Megatherm Induction IPO?

Megatherm Induction IPO will close from 31 January 2024.

What is the price band of Megatherm Induction IPO?

Megatherm Induction IPO price band is ₹100 to ₹108. ( Upper Price Band: ₹100, Lower Price Band: ₹108 )

What is the minimum amount required to apply for Megatherm Induction IPO?

The minimum investment for retailers to apply for Megatherm Induction IPO is ₹129,600 and the maximum investment is ₹129,600.

What is going on gray market premium of Megatherm Induction IPO?

View gray market premium of Megatherm Induction IPO by Clicking Here

How much is the GMP of Megatherm Induction IPO?

Watch Megatherm Induction IPO GMP Today: Click Here

What is the allotment date of Megatherm Induction IPO?

The allotment date of Megatherm Induction IPO is 1 February 2024.

How to check allotment status in Megatherm Induction IPO?

To check the allotment status of Megatherm Induction IPO, first of all go to the registrar website by clicking here, select your bad Megatherm Induction IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Megatherm Induction IPO?

The listing date of Megatherm Induction IPO is 5 February 2024.

How much will be the listing gain in Megatherm Induction IPO?

View listing gain of Megatherm Induction IPO by Clicking Here

How much time Megatherm Induction IPO is subscribed?

Total 196.11 times subscribed in Megatherm Induction IPO out of which 200.51 times subscription was done in retail quota, 307.04 times subscription in NII quota and 105.14 times subscription in QIB quota.

How to apply for Megatherm Induction IPO from Upstox?

Click Here to see how to apply for Megatherm Induction IPO from Upstox. (step by step)

How to apply for Megatherm Induction PO from Zerodha?

Click Here to see how to apply for Megatherm Induction  IPO from Zerodha. (step by step)

How to apply for Megatherm Induction IPO from Angle One?

Click Here to see how to apply for Megatherm Induction IPO from Angle One. (step by step)

Leave a Reply

Your email address will not be published. Required fields are marked *