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 | 1,200 Shares |
| Total Issue Size | 49,92,000 shares (aggregating up to ₹ 53.91 Cr) |
| Fresh Issue | 49,92,000 shares (aggregating up to ₹ 53.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,38,48,729 |
| Share holding post issue | 1,88,40,729 |
| Market Maker portion | 2,50,800 shares Hem Finlease |
About 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.
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.
Megatherm Induction Limited IPO Financial Information
Latest Revenue
₹ 14,732.31 Cr
Profit After Tax
₹ 759.34 Cr
Net Worth
₹ 5,821.98 Cr
Total Borrowing
₹ 4,480.46 Cr
| Period Ended | Assets | Revenue From Operations | 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 | |||||
Megatherm Induction Limited 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 |
Frequently Asked Questions
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Competitive Strengths
Megatherm Induction Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹ 1,29,600 |
| Retail (Max) | 1 | 1,200 | ₹ 1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹ 2,59,200 |