February 5, 2024
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Megatherm Induction IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Megatherm Induction IPO Post Listing Review :
Post Listing Review: Listed at Rs. 198, at premium of 83.33% over the issue price of Rs. 108. The listing has been below the expectations of the grey market.
What is the last GMP of Megatherm Induction IPO?*
Premium: Rs. 110
Subject to Rs. 100300
Megatherm Induction IPO Subscription
On 31 January 2024 5.00 pm (Day 3) (Closed)
Review: Solid response started
QIB: 2370600 Shares 105.14 T
NII: 711180 Shares 307.04 T
RII: 1659420 Shares 200.51 T
Total: 4741200 Shares 196.11 T
What is the business of Megatherm Induction?
The company is engaged in the business of manufacturing of induction heating and melting products by means of electric induction like induction melting furnace and induction heating equipment. Besides induction melting & heating equipments the company produces various up-stream & down-stream plant & machineries associated with steel melt shops such as, transformers, ladle refining furnaces, continuous casting machines, fume extraction systems etc.
The Company also manufacturers electric arc furnaces for alloys & special steel making industries, our services portfolio includes turnkey solutions for steel plant, which involves design, engineering, supply,
erection & commissioning of the steel melt shops using both insourced & outsourced plant & machineries and after sales service, involving maintenance contracts & spare parts business.
It exports its products to South America (e.g. Argentina, Brazil, etc), Africa (e.g. South Africa,
Kenya, Tanzania, Ghana, Nigeria), Gulf (e.g. Saudi Arabia, UAE), Europe (e.g. Poland, France), SAARC (e.g. Bangladesh, Nepal, Bhutan) and South East Asia (e.g. Indonesia, Malaysia). For Fiscals 2023, 2022 and 2021 its exports were Rs. 6826.20 lakhs, Rs. 3743.40 lakhs and Rs. 3784.77 lakhs which constituted 25.67%, 19.93%, and 34.72% of its revenue from operations respectively .
Its plant is located at Plot H 1, Vidyasagar Industrial Park, Village: Rupnarayanpur, Post: Jakpur, Kharagpur – 721301, Under WBEIDC
Get more information about the company @ www.megatherm.com
| Megatherm Induction IPO Details | |
| IPO opens on | 29 January 2024 |
| IPO closes on | 31 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4992000 Sh /Rs 53.91 Cr |
| * Fresh Issue | 4992000 Sh /Rs 53.91 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 250800 Sh. |
| Net offer to Public | 4741200 Sh./Rs.51.20 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 100-108 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
| Shares offered in Megatherm Induction IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 2370600 | 25.60 |
| NII (15%) | 711180 | 7.68 |
| RII (35%) | 1659420 | 17.92 |
| Total Shares | 4741200 | 51.20 |
| Retail portion will be oversubscribed by | 1383 | |
| Forms | ||
| How much Shares to Apply in Megatherm Induction IPO? | ||
| Min Retail Application | 1200 Sh | Rs. 129600 |
| Min HNI Application | 2400 Sh | Rs.259200 |
Who are the Promoters of Megatherm Induction IPO?
Promoters of the Company are SHESADRI BHUSAN CHANDA, SATADRI CHANDA AND MEGATHERM
ELECTRONICS PRIVATE LIMITED
What are the Objects of Megatherm Induction IPO?
The Offer comprises of afresh issue of capital only.
The company intends to utilize the proceeds of the Issue to meet the following objects:
1. Funding capital expenditure towards construction of factory shed and installation of additional plant and machinery.;
2. To meet Working Capital requirements
3. General Corporate Purpose
| Megatherm Induction IPO Tentative timetable | |
| IPO opens on | 29 January 2024 |
| IPO Closes on | 31 January 2024 |
| IPO Allotment on | 01 February 2024 |
| Refund Initiation | 02 February 2024 |
| Credit of Shares | 02 February 2024 |
| Listing on | 05 February 2024 |
| Registered Office of the Company Plot- L1 Block GP, Sector V, Electronics Complex, Saltlake City Kolkata-700091, West Bengal, India. |
| Who is the Lead Manager of Megatherm Induction IPO? Hem Securities ltd |
| Who is the Registrar to IPO? Bigshare Services Pvt Limited |
| Megatherm Induction IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 109.27 | 3.09 | 2.25 | 8.80 |
| 2021-22 | 188.47 | 1.10 | 0.80 | 3.01 |
| 2022-23 | 266.44 | 14.00 | 10.11 | 27.88 |
| Book Value of the Share on | 31.03.2023 | Rs 42.05 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 70 | |||
| Megatherm Induction IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 10.68 |
| Price/BV Ratio | 2.95 |
| Upper price/BV after IPO | |
How Megatherm Induction IPO compares with the Peers?
| As per DRHP | FV Rs. | Total Income | PE Ratio |
| in Cr. | |||
| Megatherm Induction | 10 | 266 10.68 | |
| Electrotherm | 10 | 3081 | – |
| – | – | – | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Megatherm Induction IPO To the point Guidance
The company is engaged in the business of manufacturing of induction heating and melting products by means of electric induction like induction melting furnace and induction heating equipment.
Size: Being a SME IPO, the size of the IPO (Rs 51.20 Cr) is somewhat large, as per the recent trend. With 1383 applications, retail portion will get one time subscribed. So, considering, the hunger of the investors, IPO may get oversubscribed easily.
Financial Snapshot: The company has shown strong topline and the bottomline during last 3 financial years..The IPO is very reasonably priced. The name of the lead manager is one more feather for this IPO. Do have a look at the Premium market. Apply.
Quicklinks
Megatherm Induction IPO GMP Detail IPO GMP today details?
Megatherm Induction IPO
Megatherm Induction IPO FAQs
What is Megatherm Induction IPO?
Megatherm Induction IPO is a SME IPO of 4992000 equity shares of the face value of Rs. 10 aggregating up to Rs.53.91 Crores. The issue is priced at Rs.100-108 per share. The minimum order quantity is 1200 Shares.
When Megatherm Induction IPO will open?
Megatherm Induction IPO opens on January 25, 2024, and closes on January 30, 2024.
What is the lot size of Megatherm Induction IPO?
Megatherm Induction IPO lot size is 1200 Shares, and the minimum amount required is Rs.129600.
How to apply for Megatherm Induction IPO?
You can apply in Megatherm Induction IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Megatherm Induction IPO allotment?
The finalization of Basis of Allotment for Megatherm Induction IPO will be done on January 31, 2024, and the allotted shares will be credited to your demat account by February 01, 2024.
When is Megatherm Induction IPO listing date?
Megatherm Induction IPO listing date is not yet announced. The tentative date of Megatherm Induction IPO listing is February 2, 2024.
I got 1 lot of this IPO.. hold or sell … please suggest me.