Megatherm Induction Limited IPO
Megatherm Induction Limited IPO
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Following its successful public offering, Megatherm Induction Limited's made its market debut on 05-02-2024 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 29-01-2024 to 31-01-2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on 01-02-2024, 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.
Megatherm Induction IPO About Company
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."
Megatherm Induction IPO Strength Factors
NA
Megatherm Induction IPO Risk Factors
NA
Megatherm Induction IPO Lead Manager(s)
- Hem Securities Limited
Megatherm Induction IPO Promoter(s)
- Shesadri Bhusan Chanda
- Satadri Chanda
- Megatherm Electronics Private Limited
Megatherm Induction IPO FAQs
Megatherm Induction Limited IPO subscribed 196.19 times. The public issue subscribed 200.51 times in the retail category,105.14times in QIB, and -- times in the HNI (10+) category byNovember 20, 2025 10:50:50 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Megatherm Induction IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Megatherm Induction IPO FAQs
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