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.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹129,600 |
| Retail Maximum | 1 | 1200 | ₹129,600 |
| S-HNI Minimum | 2 | 2400 | ₹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 | |||
| Year | Revenue | Expense | PAT |
| 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/
