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.

Here are key details about the Megatherm Induction Limited IPO: