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Megatherm Induction Limited IPO
Megatherm deals in Metal Heating & Melting Equipment and possesses the strength to meet Thermal Challenges through Induction. Megatherm has a diverse product portfolio and is recognized and preferred by its ever-extending list of domestic and international clientele. Their 3000+ installations are spread over 55 countries around the globe. Megatherm is differentiated from other manufacturers primarily due to product innovation & continuous R&D. Over the years Megatherm has led the way for most major design changes and additions to induction technologies which was later incorporated by the industry.
Megatherm Induction IPO is a book built issue of Rs 53.91 crores. The issue is entirely a fresh issue of 49.92 lakh shares. Megatherm Induction IPO price band is set at ₹100 to ₹108 per share. The minimum lot size for an application is 1200 Shares. Hem Securities Limited is the book running lead manager of the Megatherm Induction IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Megatherm Induction IPO is Hem Finlease.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Megatherm Induction Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Megatherm Induction Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | January 29, 2024 to January 31, 2024 |
| Listing Date | February 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹108 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,992,000 shares (aggregating up to ₹53.91 Cr) |
| Fresh Issue | 4,992,000 shares (aggregating up to ₹53.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,848,729 |
| Share holding post issue | 18,840,729 |
| Market Maker portion | 250,800 shares Hem Finlease |
Megatherm Induction Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Monday, January 29, 2024 |
| IPO Close Date | Wednesday, January 31, 2024 |
| Basis of Allotment | Thursday, February 1, 2024 |
| Initiation of Refunds | Friday, February 2, 2024 |
| Credit of Shares to Demat | Friday, February 2, 2024 |
| Listing Date | Monday, February 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 31, 2024 |
Megatherm Induction Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2,400 | ₹259,200 |
Megatherm Induction Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 98.92% |
| Share Holding Post Issue | 72.71% |
Competitive Strength:
- -
Megatherm Induction Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 21,040.28 | 14,732.31 | 759.34 | 5,821.98 | 4,480.46 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 19,197.87 | 26,643.84 | 1,400.41 | 5,062.64 | 4,282.04 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 17,262.76 | 18,846.92 | 110.10 | 3,662.23 | 4,038.80 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 14,645.06 | 10,927.03 | 309.12 | 3,512.13 | 4,327.04 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.66% |
| ROCE | 27.47% |
| Debt/Equity | 1.67 |
| RoNW | 27.66% |
| P/BV | 2.95 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.11 | 8.06 |
| P/E (x) | 10.68 | 13.4 |
Objectives of Megatherm Induction IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- 1. Funding capital expenditure towards the construction of factory shed and installation of additional plant and machinery.
- 2. To meet Working Capital requirements.
- 3. General Corporate Purpose.
Megatherm Induction IPO Review
The company is engaged in manufacturing and marketing of induction heating and melting products and related services. It marked growth in its top lines for the reported periods, but the bottom line posted a fluctuating pattern. In fact, the sudden boost in its bottom lines for the last 18 months’ not only raises eyebrows, but also the concern over its sustainability. Based on its annualized boosted earnings, the issue appears fully priced. Well-informed investors may park funds for the medium term.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
-
What Is The Size Of The Megatherm Induction IPO?
The Megatherm Induction IPO issue includes a fresh Issue of up to 49,92,000 Equity Shares. The company intends to use the funds raised to secure funds for factory expansion, working capital, and general corporate needs.
-
What Is The Price Band Of Megatherm Induction IPO?
The price band of Megatherm Induction IPO is INR 100-108 per share.
-
When will Megatherm Induction Limited's IPO be allotted?
The Basis of Allotment will happen on January 31, 2024.
-
When will Megatherm Induction Limited's IPO open for subscription?
The IPO subscription window will open on Thursday, January 25, 2024.
