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SME IPO Status: Listed [29th Jan 2024 to 31st Jan 2024]
Megatherm Induction IPO, a SME IPO of ₹53.91 Cr was launced on 29-01-2024 to 31-01-2024 and the shares got listed on NSE SME on 05-02-2024.
The public issue of Megatherm Induction IPO (MEGATHERM) was offered at ₹108.00 per share and the ipo was listed at ₹198. It has delivered listing gain of 83.33%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 108000 per lot return on listing.
| SME IPO Issue Opening Date: | 29th Jan 2024 |
| SME IPO Issue Closing Date: | 31st Jan 2024 |
| SME IPO Issue Price: | ₹100.00-108.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹53.91 Cr |
| Fresh Issue: | ₹53.91 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 98.92% |
| Promoter Holding Post IPO: | 72.71% |
| Allotment Status: | Allotment Status |
| NSE Code: | MEGATHERM |
Get important updates regarding Megatherm Induction SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Feb 2024 |
| Refunds Initiation* | 2nd Feb 2024 |
| Credit of Shares to Demat* | 2nd Feb 2024 |
| SME IPO Listing Date* | 5th Feb 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹100.00-108.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹129600 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 05-02-2024 | 108.00 | 110 | 100300 | ₹218 (101.85%) | 5-Feb-2024 9:28 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Megatherm Induction Limited was incorporated in Kolkata in 2010 and is engaged in manufacturing induction heating and melting products using electrical induction such as induction melting furnaces and induction heating equipment. In addition to induction melting and heating equipment, the company manufactures various upstream and downstream equipment and machinery for melting steel, such as transformers, ladle refining furnaces, continuous casting equipment, flue gas extraction systems, etc. The company also manufactures electric arc furnaces for the alloy and special steel industry. The range of services includes turnkey solutions for steelworks, i.e. planning, engineering, delivery, installation and commissioning of steel melting plants with purchased and outsourced equipment and machinery, as well as after-sales services, which include maintenance contracts and the spare parts business.
The most important sales markets for its products are
With deep experience, they are gradually expanding their product range, which also includes transformers, metallurgical equipment and related auxiliaries. They have also entered into the construction of steelworks. The construction of these steel plants requires planning and an understanding of the customer’s requirements. The company offers its customers complete solutions for steel production and includes equipment such as transformers, induction melting furnaces, static frequency converters, water cooling systems, flue gas extraction systems, ladle furnaces, continuous casting plants, billet induction heaters, etc.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Industrial Products | ₹53.91 Cr | http://www.megatherm.com/ |
The company intends to utilize the proceeds of the Issue to meet the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 948,000 (28.56%) | 711,600 (21.44%) | 1,659,600 (50%) | 3,319,200 | |
| 1 | 29th Jan 2024 19:32 | 1.00x | 9.17x | 19.38x | 11.94x |
| 2 | 30th Jan 2024 19:32 | 1.53x | 56.15x | 87.75x | 56.35x |
| 3 | 31st Jan 2024 19:32 | 105.14x | 307.04x | 200.51x | 196.11x |
Megatherm Induction Limited's revenue increased by 41.37% and profit after tax (PAT) rose by 1171.94% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 21,040.28 | 19,197.87 | 17,262.76 | 14,645.06 |
| Revenue | 14,732.31 | 26,643.84 | 18,846.92 | 10,927.03 |
| Profit After Tax | 759.34 | 1,400.41 | 110.10 | 309.12 |
| Net Worth | 5,821.98 | 5,062.64 | 3,662.23 | 3,512.13 |
| Reserves and Surplus | 4,437.11 | 4,139.39 | 2,738.98 | 2,598.88 |
| Total Borrowing | 4,480.46 | 4,282.04 | 4,038.80 | 4,327.04 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Megatherm Induction Limited | 10.11 | 10.11 | 36.56 | 10.68 | 27.66 | |
| Electrotherm (india) Ltd. | -9.28 | -9.28 |
Last Updated on 09-Feb-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Megatherm Induction SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Megatherm Induction SME IPO with Zerodha.
Alternate approch to apply in Megatherm Induction SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Megatherm Induction SME IPO Review and Important Updates
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To subscribe or apply in Megatherm Induction SME IPO, you can use the following methods:
| Megatherm Induction SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Megatherm Induction SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Megatherm Induction SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Megatherm Induction SME IPO. Most of the Syndicate Banks provide access to apply in Megatherm Induction IPO via ASBA process. You must have your net banking access, DP ID information to apply in Megatherm Induction SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Megatherm Induction SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Megatherm Induction SME IPO Review and Important Updates
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Megatherm Induction SME IPO is going to be list on 05-02-2024. NSE Code for Megatherm Induction is MEGATHERM.
Other relevant questions:
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Megatherm Induction SME IPO Allotment Date is 01-02-2024.
Other relevant questions:
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