Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Megatherm Induction IPO is going to open soon. So I will give you complete information about Megatherm Induction IPO here on IPO India.
On this article I will inform you about Megatherm Induction IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.
About Megatherm Induction Limited
Established in 2010, Megatherm Induction Limited specializes in manufacturing induction heating and melting equipment using electrical induction technology, including induction melting furnaces and heating devices. Operating as a subsidiary of Megatherm Electronics Pvt Ltd, the company expands its manufacturing capabilities to include a range of equipment for steelworks, spanning transformers, ladle refining furnaces, continuous casting machines, fume extraction systems and electric arc furnaces. Steel sector.
Megatherm also offers comprehensive turnkey solutions covering induction steel plants, planning, engineering, delivery, assembly and commissioning. This includes in-house and outsourced systems and machines along with customer service offerings such as maintenance contracts and spare parts.
The company’s primary focus is on serving key market segments, including secondary steel producers engaged in scrap recycling, primary steel producers involved in converting iron ore to sponge iron and subsequent steel production through induction melting, automotive suppliers, ordnance factories, railroads, DI. Pipe manufacturers and various engineering industries engaged in casting, forging and metal processing.
Located in Kharagpur, Megatherm Induction’s manufacturing unit has a production capacity of approximately 300 furnaces and transformers as on March 31, 2023. The company expands its global reach by exporting products to regions like South America, Africa, Gulf region, Europe, etc. SAARC and Southeast Asia.
As on July 31, 2023, Megatherm Induction Limited employs a workforce of 285 permanent staff members.
Megatherm Induction IPO GMP
| Exp. Premium (GMP) | ₹[_] per Share |
About Megatherm Induction IPO
Here is some information about Megatherm Induction IPO which will help you in making a decision to invest in Megatherm Induction IPO. It appears to be a book-built offer with a total value of ₹53.91 crore, including entirely a fresh issue of 49.92 lakh shares.
Summary of the key details
- Issue Size: Rs 53.91 crores
- Offer for Sale: 49.92 Lakhs shares
- Subscription Period: January 29, 2024 to January 31, 2024
- Allotment Date: February 01, 2024
- Listing Date: February 05, 2024
Price Range of Megatherm Induction IPO
- ₹100 to ₹108 per share
Lot Size of Megatherm Induction IPO
- Minimum Lot: 1200 Shares.
- Minimum Investment for Retail Investors: ₹129,600
Minimum Lot Size Investments for Megatherm Induction IPO
- HNI: 2 lots (2400 shares), amounting to ₹259,200
This information provides potential investors with the details they need to participate in the Megatherm Induction IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.
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Megatherm Induction IPO
| Open Date | January 29, 2024 |
| Close Date | January 31, 2024 |
| Allotment Date | February 01, 2024 |
| Listing Date | February 05, 2024 |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹100-108 Per Equity Share |
| Issue Size | 4,992,000 shares (Aggregating up to ₹53.91 Cr) |
| Market Lot (Min. Amount) | Retail: 1200 Shares (₹129,600/-) |
| Listing at Group(s) | NSE SME |
| Lead Manager | Hem Securities Limited |
| Register | Bigsahre Services Pvt Ltd |
| Retail Portion | 35% |
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Valuations of Megatherm Induction IPO
| Earnings Per Share (EPS Pre IPO) | ₹10.11/- |
| Earnings Per Share (EPS Post IPO) | ₹7.43/- |
| P/E Ratio Pre IPO | 10.68 |
| P/E Ratio Post IPO | 14.53 |
| RoNW | 27.66% |
| Net Asset Value (NAV) -as on 31.03.23 | ₹N/A |
Megatherm Induction Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 2023 | 21,040.28 | 14,732.31 | 759.34 | 5,821.98 | 4,437.11 | 4,480.46 |
| 31 Mar 2023 | 19,197.87 | 26,643.84 | 1,400.41 | 5,062.64 | 4,139.39 | 4,282.04 |
| 31 Mar 2022 | 17,262.76 | 18,846.92 | 110.10 | 3,662.23 | 2,738.98 | 4,038.80 |
| 31 Mar 2021 | 14,645.06 | 10,927.03 | 309.12 | 3,512.13 | 2,598.88 | 4,327.04 |
Promoter(s)
| Pre Issue Share Holding | 98.92% |
| Post Issue Share Holding | 72.71% |
Company Promotor(s):-
- Shesadri Bhusan Chanda
- Satadri Chanda
- Megatherm Electronics Private Limited
If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.66% |
| ROCE | 27.47% |
| Debt/ Equity | 1.67 |
| RoNW | 27.66% |
| P/BV | 2.95 |
Issue Objective(s)
- Funding capital expenditure towards the construction of factory shed and installation of additional plant and machinery
- To meet Working Capital requirement
- General Corporate Purpose
Megatherm Induction IPO Registrar
| Name | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Megatherm Induction IPO Review
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Conclusion
In conclusion, Megatherm Induction IPO presents an attractive investment opportunity for finance enthusiasts. Established in 2010, Megatherm Induction Limited has carved a niche in the manufacturing of induction heating and melting equipment, catering to various industries including steelworks. The company’s global reach with exports to regions like South America, Africa, Gulf region, Europe, SAARC and Southeast Asia reflects its strong presence in the market.
The IPO with an issue size of ₹53.91 crore and a price range of ₹100 to ₹108 per share will open on January 29, 2024 and close on January 31, 2024. With an allotment date of February 01, 2024, and a listing date of February 05, 2024, the IPO offers investors an opportunity to participate in the growth story of Megatherm Induction Limited. However, it is important for potential investors to do thorough research or seek advice from financial professionals considering the inherent risks associated with investing in IPOs.
Furthermore, Megatherm Induction’s financial and key performance indicators paint a positive picture with a respectable RoNW of 27.66% and a post-issue shareholding of 72.71%. The company’s focus on funding capital expenditures, meeting working capital requirements and general corporate objectives enhances the strategic vision for future growth. As always, investors should be aware of market dynamics and consider their risk tolerance before making investment decisions.
Megatherm Induction IPO FAQs
When Megatherm Induction IPO is coming?
The Megatherm Induction IPO opens on January 29, 2024 and closes on January 31, 2024.
What is the lot size of Megatherm Induction IPO?
Megatherm Induction IPO lot size is 1200 Shares, and the minimum amount required is ₹129,600.
When Megatherm Induction IPO Allotment?
The finalization of Basis of Allotment for Megatherm Induction IPO will be done on Thursday, February 1, 2024, and the allotted shares will be credited to your demat account by Friday, February 2, 2024.