Megatherm Induction Limited
Megatherm Induction Limitedlisted
₹1.20LMin. investment
About Megatherm Induction Limited
Issue size
₹53.91Cr
IPO type
SME
Price range
₹100 – ₹108
Lot size
1200 shares
Price range₹100 – ₹108
IPO type
SME
Lot size1200 shares
Issue size₹53.91Cr
Checklist
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial
health at a glance and identify quality investment opportunities easily
About Megatherm Induction Limited
Incorporated in 2010, Megatherm Induction Limited engaged in the business of manufacturing of induction heating and melting products by means of electric induction like induction melting furnace and induction heating equipment. Besides induction melting & heating equipment our company produces various up-stream & down-stream plant & machineries associated with steel melt shops such as, transformers, ladle refining furnaces, continuous casting machines, fume extraction systems etc.The company Our Company also manufacturers electric arc furnaces for alloys & special steel making industries, theirour services portfolio includes turnkey solutions for steel plant, which involves design, engineering, supply, erection & commissioning of the steel melt shops using both insourced & outsourced plant & machineries and after sales service, involving maintenance contracts & spare parts business.
The company has a vision to make its presence across steel, foundry, forging and various other metal working sectors. They started the construction of their manufacturing facility at Kharagpur, West Bengal during the year 2016. Their operations of manufacturing the induction furnace in the fiscal 2018, and reached a turnover of 3833 lakhs during the first year of operation. Further, during the year 2021, the company forayed into the manufacturing of transformers segment to cater to the growing demand in the power distribution sector and industrial transformers in the country.
They have over the years, expanded their customer base spread across many countries around the globe. Further, because of their commitment towards customer satisfaction and performance of their equipment in different sectors and different industries have helped us increase their revenues and operations.
The company manufacturing facility is equipped with requisite infrastructure including machineries, testing laboratory and other handling equipment to facilitate smooth manufacturing process. To ensure efficiency of the products They have designed and established testing at different levels of production. For their products to be effective they need to ensure that they deliver the desired results with minimal energy loss and maximum energy efficiency. To ascertain the suitability of their raw materials, they have an in-house testing laboratory that is responsible for conducting tests on raw materials to check their physical properties, so as to ensure that the product conform with the pre-determined standards.
As Megatherm Induction Limited gears up for its Initial Public Offering (IPO), the generated proceeds from the Fresh Issue will be strategically allocated to crucial objectives.
- Funding capital expenditure towards construction of factory shed and installation of additional plant and machinery.;
- To meet Working Capital requirements
- General Corporate Purpose
Here are key details about the Megatherm Induction Limited IPO:
Company Name | Megatherm Induction Limited | Megatherm Induction Limited IPO Opening Date | January 29, 2024 | |
---|---|---|---|---|
Company Established On | 2010Megatherm Induction Limited IPO Price band | ₹100 to ₹108 per share |
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Megatherm Induction Limited ?
The issue size of the Megatherm Induction Limited is 53.91 Cr.
What is 'pre-apply' for Megatherm Induction Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Megatherm Induction Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Bidding starts29 Jan 2024
- Bidding ends31 Jan 2024
- Allotment finalisation31 Jan 2024
- Release of funds2 Feb 2024
- Demat transfer1 Feb 2024
- Listing5 Feb 2024