Megatherm Induction IPO Date, Review, Price, Allotment Details

Megatherm Induction IPO Details: Megatherm Induction IPO date is fixed, The IPO will open on January 29, 2024 and will close on January 31, 2024. DelaPlex is a NSE SME IPO to raise ₹53.91 crores via IPO. The Megatherm Induction IPO price band is fixed at ₹100 to ₹108 with a market lot of 1200 shares.

Megatherm Induction IPO

Table of Contents

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.


Following are the key market areas of Their products –

  • Secondary Steel producers involved in scrap recycling
  • Primary Steel producers involved in conversion of iron ore into sponge iron & subsequent conversion into steel through Induction Melting.
  • Auto ancillaries
  • Ordnance factories & Railways
  • DI pipe producers and diverse engineering industries involved in producing critical parts in its captive casting, forging & metal working units.

Their manufacturing facility is equipped with the requisite infrastructure including machinery, testing laboratory, and other handling equipment to facilitate a smooth manufacturing process. To ensure the efficiency of the products they have designed and established testing at different levels of production. For their products to be effective they need to ensure that they deliver the desired results with minimal energy loss and maximum energy efficiency. To ascertain the suitability of their raw materials, they have an in-house testing laboratory that is responsible for conducting tests on raw materials to check their physical properties and to ensure that the product conforms with the pre-determined standards.


Objects of the 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 Review

  • May Apply

Megatherm Induction IPO Date & Price Band Details

IPO Open:January 29, 2024
IPO Close:January 31, 2024
IPO Size:Approx ₹53.91 Crores, 4,992,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹100 to ₹108 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:35% of the net offer
QIB Quota:50% of the net offer
NII Quota:15% of the net offer
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors in IPO:Click Here

Megatherm Induction IPO Market Lot

The Megatherm Induction IPO minimum market lot is 1200 shares with a ₹129,600 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum11200₹129,600
Retail Maximum11200₹129,600
S-HNI Minimum22400₹259,200

Megatherm Induction IPO Dates

The Megatherm Induction IPO date is January 29 and the IPO close date is January 31. The IPO allotment date is February 1and the IPO might list on February 5.

IPO Open Date:January 29, 2024
IPO Close Date:January 31, 2024
Basis of Allotment:February 1, 2024
Refunds:February 2, 2024
Credit to Demat Account:February 2, 2024
IPO Listing Date:February 5, 2024

You can check IPO subscription status and IPO allotment status on their respective pages.

Megatherm Induction IPO Form

How to apply Megatherm Induction IPO? You can apply 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 you can apply Megatherm Induction IPO via IPO forms download via the NSE website. Check out the DelaPlex forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.


DelaPlex Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹109.27₹105.02₹3.09
2022₹188.47₹186.95₹1.10
2023₹266.44₹246.60₹14.00
2023 6M₹147.32₹137.24₹7.59

Megatherm Induction IPO Valuation – FY2023

Check Megatherm Induction IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹10.11 per Equity Share
Price/Earning P/E Ratio:[.]
Return on Net Worth (RoNW):27.66%
Net Asset Value (NAV):₹36.56 per Equity Share

Peer Group

  • Electrotherm (India) Ltd

Company Promoters

  • Shesadri Bhusan Chanda
  • Satadri Chanda
  • Megatherm Electronics Private Limited

Megatherm Induction IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com

Megatherm Induction IPO Allotment Status

Check Megatherm Induction IPO allotment status on Bigshare website URL. Click Here

Megatherm Induction IPO Lead Managers aka Merchant Bankers

  • Hem Securities Limited

Company Address

Megatherm Induction Limited
Plot – L1 Block GP, Sector V,
Electronics Complex, Saltlake City
Kolkata – 700091
Phone: +91 33 4088 6200
Email: [email protected]
Website: http://www.megatherm.com/

Megatherm Induction IPO FAQs


What is Megatherm Induction IPO?

Megatherm Induction IPO is an NSE SME IPO. They are going to raise ₹53.91 Crores via IPO. The issue is priced at ₹100 to ₹108 per equity share. The IPO is to be listed on NSE.

When Megatherm Induction IPO will open?

The IPO is to open on January 29, 2024 for QIB, NII, and Retail Investors.

What is Megatherm Induction IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Megatherm Induction IPO?

You can apply Megatherm Induction IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Megatherm Induction IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “DelaPlex”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Megatherm Induction IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “DelaPlex”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Megatherm Induction IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “DelaPlex”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Megatherm Induction IPO Size?

Megatherm Induction IPO size is ₹53.91 crores.

What is Megatherm Induction IPO Price Band?

Megatherm Induction IPO Price Band is ₹100 to ₹108 per equity share.

What is Megatherm Induction IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 shares with ₹129,600.

What is Megatherm Induction IPO Allotment Date?

Megatherm Induction IPO allotment date is February 1, 2024.

What is Megatherm Induction IPO Listing Date?

Megatherm Induction IPO listing date is February 5, 2024. The IPO to list on NSE SME.

Note: The Megatherm Induction IPO details are announced officially. The IPO grey market premium (Megatherm Induction IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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