Megatherm Induction Limited

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.

1. Funding capital expenditure towards construction of factory shed and installation of additional plant and machinery.; 
2. To meet Working Capital requirements 
3. 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	2010		Megatherm Induction Limited IPO Allotment Status	February 1, 2024
Megatherm Induction Limited IPO Closing Date	January 31, 2024		Megatherm Induction Limited IPO Listing Date	February 5, 2024
Credit of Shares to the Demat Account	February 2, 2024		Megatherm Induction Limited IPO Lot Size	1200 Shares
Megatherm Induction Limited IPO Face Value	₹10 per share		Megatherm Induction Limited IPO to be Listed on	NSE
Megatherm Induction Limited IPO Issue Size	₹53.91 Cr		Megatherm Induction Limited IPO Price band	₹100 to ₹108 per share