The Megatherm Induction IPO started on January 29, 2024, and ended on January 31, 2024. Shares were allocated on February 1, 2024, and refund processes began on February 2, 2024. On February 2, 2024, the shares were credited to investors demat accounts. Megatherm Induction was officially listed on the stock exchange on February 5, 2024.
During the IPO, Megatherm Induction offered shares at a price range of ₹100 to ₹108 per share, and the lot size was 1200 shares. The total issue size was ₹53.91 crores, with ₹53.91 crores from new shares. The IPO was listed on the NSE SME.
Megatherm Induction IPO Subscription Update Video
Megatherm Induction IPO Subscription Status
The Megatherm Induction IPO on January 31, 2023 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, the QIB (Qualified-Institutional Buyers) category being subscribed 105.14 times.
| Category | Subscription |
| QIB | 105.14x |
| NII | 307.04x |
| Retail | 200.51x |
| Total | 196.11x |
Megatherm Induction IPO Basic Details
| Company Name | Megatherm Induction Limited |
| Megatherm Induction IPO Open Date | January 29, 2024 |
| Megatherm Induction IPO Close Date | January 31, 2024 |
| Megatherm Induction IPO Allotment Date | February 1, 2024 |
| Megatherm Induction IPO Listing Date | February 5, 2024 |
| Face Value | ₹10 per share |
| Price | ₹100 to ₹108 per share |
| Lot Size | 1200 Shares |
| Issue Size | 4,992,000 shares of ₹10 (aggregating up to ₹53.91 Cr) |
| Fresh Issue | 4,992,000 shares of ₹10 (aggregating up to ₹53.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Shesadri Bhusan Chanda, Satadri Chanda and Megatherm Electronics Private Limited |
About Megatherm Induction Limited
Established in 2010, Megatherm Induction Limited specializes in creating induction heating and melting solutions using electrical induction technology. The company, a subsidiary of Megatherm Electronics Private Limited, produces items like induction melting furnaces and heating equipment.
Megatherm Induction also manufactures a range of equipment for steelworks, including transformers, ladle refining furnaces, continuous casting machines, and fume extraction systems. Their offerings extend to electric arc furnaces catering to the alloy and special steel industry.
Not just limited to product manufacturing, Megatherm provides comprehensive turnkey solutions for steel plants. This involves everything from planning and engineering to delivery, assembly, and commissioning. They offer customer service, including maintenance contracts and spare parts.
Megatherm primarily serves secondary steel producers, primary steel producers, automotive suppliers, Ordnance factories, railroads, DI pipe manufacturers, and various engineering industries. Their focus is on those producing critical parts through casting, forging, and metal processing.
The manufacturing unit of Megatherm Induction is based in Kharagpur, boasting a production capacity of approximately 300 furnaces and transformers as of March 31, 2023.
The company exports its products to various regions, including South America, Africa, the Gulf region, Europe, SAARC, and Southeast Asia.
As of July 31, 2023, Megatherm Induction has a dedicated team of 285 permanent employees.
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Megatherm Induction IPO FAQs
What is the start and end date of Megatherm Induction IPO Subscription?
The Megatherm Induction IPO started on January 29, 2024 and ended on January 31, 2024.
When does Megatherm Induction IPO Subscription open?
The Megatherm Induction IPO open on January 29, 2024.
When does Megatherm Induction IPO Subscription close?
The Megatherm Induction IPO Close on January 31, 2024.
What is the allotment date of Megatherm Induction IPO?
The allotment date for Megatherm Induction IPO is February 1, 2024.
When is the initial refund date of Megatherm Induction IPO?
The initial Refund date for Megatherm Induction IPO is February 2, 2024.
When were the shares credited to investors demat accounts for the Megatherm Induction IPO?
The shares for the Megatherm Induction IPO were credited to investors demat accounts on February 2, 2024.
When will Megatherm Induction IPO be listed on the stock market?
Megatherm Induction IPO stock market will be listed on February 5, 2024 at 10 am.
What was the price range of the Megatherm Induction IPO shares?
The Megatherm Induction IPO shares were offered at a price range of ₹100 to ₹108 per share.
What was the lot size for the Megatherm Induction IPO shares?
The lot size for the Megatherm Induction IPO shares was 1200 shares.
What was the total issue size of the Megatherm Induction IPO?
The total issue size of the Megatherm Induction IPO was ₹53.91 crores.
On which stock exchanges was the Megatherm Induction IPO listed?
The Megatherm Induction IPO was listed on the NSE SME.
What is the Megatherm Induction IPO Subscription Status?
Megatherm Induction IPO is subscribed 196.11 Times.
