Megatherm Induction Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹110(101.85%)
Premium (ELP)
Following its successful public offering, Megatherm Induction Limited's made its market debut on Feb 05, 2024 and is now actively traded on the NSEplatform. The IPO mobilized 49,92,000 Shares in total capital, including 49,92,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹100 to ₹108 and minimum investment lots of 1200 shares. Investor participation during the subscription window from Jan 29, 2024 to Jan 31, 2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on Feb 01, 2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2010, Megatherm Induction Limited, a subsidiary of Megatherm Electronics Private Limited, specializes in manufacturing induction heating and melting equipment, including induction furnaces and steelworks machinery such as transformers, ladle refining furnaces, and continuous casting machines. The company also provides turnkey solutions for steel plants, covering planning, engineering, equipment delivery, and maintenance. Serving secondary and primary steel producers, automotive suppliers, ordnance factories, and engineering industries, Megatherm Induction exports to South America, Africa, the Gulf, Europe, SAARC, and Southeast Asia. With a manufacturing unit in Kharagpur producing around 300 furnaces and transformers annually, the company had 285 permanent employees as of July 31, 2023, ensuring a strong global presence in the steel and metal processing sector.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Shesadri Bhusan Chanda
- Satadri Chanda
- Megatherm Electronics Private Limited
Megatherm Induction Limited
Bigshare Services Private Limited