What you must know about Megatherm Induction IPO?
by 5paisa Research Team
23 Jan 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 05-Feb-24
- IPO Price Range ₹ 100 to ₹ 108
- Listing Price ₹ 198
- Listing Change 83.3%
- Last Traded Price ₹ 314.95
- Current Change 191.6%
Megatherm IPO Details
- Open Date 29-Jan-24
- Close Date 31-Jan-24
- Lot Size 1200
- IPO Size ₹ 53.91 Cr
- IPO Price Range ₹ 100 to ₹ 108
- Min Investment ₹ 120000
- Listing Exchange NSE SME
- Basis of Allotment 01-Feb-24
- Refunds 02-Feb-24
- Credit to Demat Account 02-Feb-24
- Listing Date 05-Feb-24
Megatherm Induction IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 29-Jan-24 | 1.00 | 9.17 | 19.38 | 11.94 |
| 30-Jan-24 | 1.53 | 56.07 | 87.33 | 56.12 |
| 31-Jan-24 | 105.14 | 307.04 | 200.51 | 196.11 |
Megatherm IPO Synopsis
Megatherm Induction Limited IPO is all set to open from 29th January to 31st January 2024. The company makes induction heating and melting products. The IPO includes a fresh issue of 4,992,000 shares worth ₹53.91 cr. The share allotment date is 1st February 2024, and the IPO will be listed on 5th February 2024 on the stock exchanges. The price band is ₹100 to ₹108 and the lot size is 1200 shares.
Hem Securities Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Megatherm IPO:
Megatherm Induction Limited plans to utilize the raised capital from the IPO to:
● To meet working capital requirements.
● To meet working expenditure requirements for the construction of the factory shed and installation of additional plant and machinery.
● General corporate purposes.
About Megatherm Induction
Megatherm Induction Limited undertakes the manufacturing of induction heating and melting products. The company undertakes these activities by using electric induction such as induction melting furnace and induction heating equipment. It also makes up-stream & down-stream plant & machineries related to steel melt shops like transformers, ladle refining furnaces, continuous casting machines, fume extraction systems etc.
Megatherm also produces electric arc furnaces for alloys & special steel making industries. The company also makes turnkey solutions for steel plants.
Some of the key market areas where the company sells it products are:
● Secondary Steel producers involved in scrap recycling.
● Primary Steel producers involved in the conversion of iron ore into sponge iron & subsequent conversion into steel through Induction Melting.
● Auto ancillaries
● Ordnance factories & Railways
● DI pipe producers and diverse engineering industries involved in producing critical parts in its captive casting, forging & metal working units.
Megatherm has a global presence with exports to South America, Africa, the Gulf, Europe, SAARC (Bangladesh, Nepal, Megatherm Induction Limited 106 Bhutan) and SouthEast Asia regions.
Peer Comparison
● Electrotherm (India) Limited
For More Information:
Webstory on Megatherm IPO
Megatherm Induction Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 265.88 | 187.83 | 109.00 |
| EBITDA | 27.54 | 7.93 | 13.16 |
| PAT | 14.00 | 1.10 | 3.09 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 191.97 | 172.62 | 146.45 |
| Share Capital | 9.23 | 9.23 | 9.13 |
| Total Borrowings | 141.35 | 136.00 | 111.32 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 25.77 | 17.22 | 13.95 |
| Net cash from / (used in) investing activities | -19.77 | -3.04 | -4.53 |
| Net cash flow from / (used in) financing activities | -3.40 | -7.47 | -5.69 |
| Net increase (decrease) in cash and cash equivalents | 2.59 | 6.70 | 3.71 |
Megatherm IPO Key Points
-
Strengths
1. The company has its own manufacturing facility.
2. The company has developed capabilities for working on complex manufacturing processes.
3. It has a well-diversified customer base in India and different parts of the globe.
4. It has showcased robust financial performance with a strong order book.
5. Well-experienced promoters and management team.
-
Risks
1. The induction heating and melting equipment business and transformer business is dependent on growth in the metal and steel industry.
2. A major portion of revenue is dependent on a few large customers.
3. It is subject to strict performance requirements.
4. The Group Company has incurred losses in the past.
5. Exposed to foreign exchange fluctuations.
6. Reported negative cash flows in the past.
Megatherm
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Megatherm IPO FAQs
When does the Megatherm Induction IPO opens and closes?
Megatherm Induction IPO opens from 25th January to 30th January 2024.
What is the size of the Megatherm Induction IPO?
The size of Megatherm IPO is ₹53.91 cr.
How to apply for the Megatherm Induction IPO?
To apply for Megatherm IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Megatherm IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the GMP of the Megatherm Induction IPO?
The GMP value of every IPO changes daily. To view today's GMP of Megatherm Induction IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of Megatherm IPO?
The price band of Megatherm IPO is fixed at ₹100 to ₹108 per share.
What is the minimum lot size and investment required for the Megatherm Induction IPO?
The minimum lot size of Megatherm IPO is 1200 shares and the investment required is ₹1,20,000.
What is the allotment date of the Megatherm Induction IPO?
The share allotment date of Megatherm IPO is 31st January 2024.
What is the Megatherm Induction IPO listing date?
The Megatherm IPO will be listed on 2nd February 2024.
Who are the book runners for the Megatherm Induction IPO?
Hem Securities Limited is the book-running lead manager for Megatherm IPO.
What is the objective of Megatherm IPO?
Megatherm Induction Limited plans to utilize the raised capital from the IPO to:
1. To meet working capital requirements.
2. To meet working expenditure requirements for the construction of the factory shed and installation of additional plant and machinery.
3. General corporate purposes.
Contact Details of Megatherm Induction IPO
Contact Information
Megatherm Induction Limited
Plot - L1 Block GP, Sector V,
Electronics Complex, Saltlake City
Kolkata - 700091
Phone: +91 33 4088 6200
Email: cs@megatherm.com
Website: http://www.megatherm.com/
Megatherm Induction IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Megatherm Induction IPO Lead Manager
Hem Securities Limited
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