Megatherm Induction IPO GMP Today ( Grey Market Premium )

Megatherm Induction IPO GMP Today

The Megatherm Induction IPO commenced on January 29, 2024, and concluded on January 31, 2024. The allotment of shares took place on February 1, 2024, and the initiation of refunds began on February 2, 2024. The shares were credited to the demat accounts of investors on February 2, 2024. Finally, the listing of Megatherm Induction on the stock exchange occurred on February 5, 2024.

The Megatherm Induction IPO was priced at ₹100 to ₹108 per share, with a lot size of 1200 shares. The total issue size was ₹53.91 crores, comprising a fresh issue of 53.91 crores. The IPO was listed on the NSE SME.

Megatherm IPO Basic Details

Company NameMegatherm Induction Limited
Megatherm Induction IPO GMP Today₹135.00
Megatherm Induction IPO Listing Gain125.00%
Megatherm Induction IPO Open DateJanuary 29, 2024
Megatherm Induction IPO Close DateJanuary 31, 2024
Megatherm Induction IPO Allotment DateFebruary 1, 2024
Megatherm Induction IPO Listing DateFebruary 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
Company PromotersShesadri Bhusan Chanda, Satadri Chanda
and Megatherm Electronics Private Limited

Megatherm Induction IPO GMP Today:

DateGMPListing GainKostakSubject to
31 January 2023₹135125.00%
30 January 2023₹135125.00%
29 January 2023₹135125.00%
28 January 2023₹135125.00%

Megatherm Induction IPO Details:

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

We go beyond just induction products, producing a variety of equipment for steelworks, such as transformers, ladle refining furnaces, continuous casting machines, and fume extraction systems. Our expertise extends to electric arc furnaces designed for the alloy and special steel industry.

Megatherm Induction goes the extra mile by providing turnkey solutions for steel plants. From planning and engineering to delivery, assembly, and commissioning, we ensure a seamless process. Our services cover both in-house and outsourced systems and machines. We also offer customer support through maintenance contracts and spare parts.

Our primary market segments include secondary steel producers, primary steel producers, automotive suppliers, ordnance factories, railroads, DI pipe manufacturers, and various engineering industries. We cater to those who recycle scrap, convert iron ore into sponge iron, and use induction melting to produce steel.

Situated in Kharagpur, our manufacturing unit boasts a production capacity of approximately 300 furnaces and transformers as of March 31, 2023.

Megatherm Induction doesn’t just serve the local market; we export our products to South America, Africa, the Gulf region, Europe, SAARC, and Southeast Asia.

As of July 31, 2023, we are proud to have 285 permanent employees dedicated to delivering top-notch solutions and services.

Megatherm Induction IPO More Details Click Here

Megatherm Induction IPO FAQs

When is Megatherm Induction IPO open?

Megatherm Induction IPO will open on 29 January 2024.

When is Megatherm Induction IPO Close?

Megatherm Induction IPO will be closed on 31 January 2024.

What is Megatherm Induction IPO GMP Today?

The Megatherm Induction IPO GMP aka Grey Market Premium is ₹135.

What is Megatherm Induction IPO Kostak Rates Today?

The Megatherm Induction IPO Kostak Rate is ₹000.

What is Megatherm Induction IPO Subject to Sauda Price Today?

The Megatherm Induction IPO subject to sauda rates is ₹000.

Megatherm Induction IPO Expected Returns?

The Megatherm Induction expected return is 125.00%.

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

Megatherm Induction IPO will get listing gain of 125.00%. (Approx.)

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