Megatherm Induction Ltd
Price Range
₹100 - ₹108
Min. Quantity
1,200
Closes on
31 January 2024
Min. investment
₹1,29,600/1,200 Shares
Megatherm Induction Ltd IPO Timeline
Megatherm Induction Ltd was originally incorporated as a Private Limited Company under the name of 'Megatherm Transmission & Distribution Private Limited' on October 22, 2010 with the Registrar of Companies, Kolkata, West Bengal. The name of Company changed from 'Megatherm Transmission & Distribution Private Limited' to 'Megatherm Induction Private Limited' dated September 23, 2015. Subsequently, Company was converted into a Public Limited Company and consequently the name was changed from 'Megatherm Induction Private Limited' to 'Megatherm Induction Limited' vide a fresh Certificate of Incorporation dated December 20, 2022, issued by the Registrar of Companies, Kolkata, West Bengal.
| Event | Date |
|---|---|
| Megatherm Induction Ltd IPO Opening Date | 29 January 2024 |
| Megatherm Induction Ltd IPO Closing Date | 31 January 2024 |
| Basis of Allotment | 1 February 2024 |
| Initiation of Refunds | 2 February 2024 |
| Credit of Shares to Demat | 2 February 2024 |
| Megatherm Induction Ltd IPO Listing Date | 5 February 2024 |
Megatherm Induction Ltd IPO Details
| Megatherm Induction Ltd IPO Date | 29 January 2024 to 31 January 2024 |
| Megatherm Induction Ltd IPO Face Value | ₹10 per share |
| Megatherm Induction Ltd IPO Price | ₹100 to ₹108 per share |
| Megatherm Induction Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹53.91 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹53.91 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Shesadri Bhusan Chanda, Satadri Chanda, Megatherm Electronics Pvt Ltd |
Megatherm Induction Ltd IPO Lot Size
The Megatherm Induction Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,29,600).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,29,600 |
| Maximum | 1 | 1,200 | ₹1,29,600 |
- Strengths
- Risks
- Opportunities
- Established Manufacturing facility.
- Technical capabilities for complex applications.
- Long standing relationship with its customers.
- Experienced and Qualified Promoters and Management team.
- Delivering financial performance with strong order book.
Company Financials
Megatherm Induction Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 270.15 | 307.38 | 20.72 |
| 03-2023 | 191.98 | 266.44 | 14.00 |
| 03-2022 | 172.63 | 188.47 | 1.10 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure towards construction of factory shed and installation of additional plant and machinery
- To meet working capital requirements
- General corprate purposes
Megatherm Induction Ltd IPO Promoter Holding
| Pre Issue Share Holding | 0.05% |
| Post Issue Share Holding | 0.04% |
Megatherm Induction Ltd IPO Subscription Status (Bidding Detail)
The Megatherm Induction Ltd IPO is subscribed 130.4447 times on 31 January 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 130.4447 |
Megatherm Induction Ltd IPO Prospectus
Megatherm Induction Ltd IPO Listing Date
| Listing Date | 5 February 2024 |
| BSE Script | 92233 |
| NSE Symbol | MEGATHERM |
| Listing In | NSE - SME |
| ISIN | INE531R01010 |
| IPO Price | ₹108 |
| Face Value | ₹10 |
Company Contact Information
Plot-L1 Block GP Sector VElectronics Complex Saltlake,Kolkata-700091
Phone: +91 33 4088 6200
Email: cs@megatherm.com
Website: www.megatherm.com
Megatherm Induction Ltd IPO Registrar
Megatherm Induction Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQ
What is the issue size of Megatherm Induction Ltd IPO?
I have pre-applied for Megatherm Induction Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.