The Megatherm Induction IPO minimum market lot is 1200 shares with ₹129,600 application amount. The Megatherm Induction IPO is an NSE SME IPO, and it is to be listed on NSE SME.
Megatherm Induction is engaged in the business of manufacturing induction heating and melting products using electric induction like induction melting furnace and induction heating equipment. Besides induction melting & heating equipment Their company produces various up-stream & down-stream plants & machinery associated with steel melt shops such as transformers, ladle refining furnaces, continuous casting machines, fume extraction systems, etc. Their Company also manufacturers electric arc furnaces for alloys & special steel-making industries, Their services portfolio includes turnkey solutions for steel plants, which involves the design, engineering, supply, erection & commissioning of the steel melt shops using both insourced & outsourced plant & machinery and after-sales service, involving maintenance contracts & spare parts business.
IPOWatch View
We recommend investors may apply for an IPO with Longterm-views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Megatherm Induction IPO Subscription Status – Day 3
| IPO Category | Subscription Numbers |
| QIB | 105.14 |
| NII | 105.14 |
| RII | 200.51 |
| Total | 196.11 |
Megatherm Induction IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Megatherm Induction IPO Review
- May Apply
Megatherm Induction IPO Form
How to apply for the Megatherm Induction IPO? You can apply for Megatherm Induction IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Megatherm Induction IPO in the Invest section. The other option is you can apply for Megatherm Induction IPO via IPO forms downloaded online. Check out the Megatherm Induction forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
