Megatherm Induction (NSE SME)
Jan 29, 2024 - Jan 31, 2024
| Price | ₹100 - ₹108 |
| Premium | ₹110 |
|---|---|
| Lot size | 1200 |
| Allotment | Feb 1, 2024 |
| Listing | Feb 5, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 129600 | 1383 |
| HNI | 2 | 2400 | 259200 | 593 |
Last updated on 31-Jan-2024 17:01:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 948000 | 99675600 | 105.14 |
| NIB | 711600 | 218739600 | 307.39 |
| RETAIL | 1659600 | 332764800 | 200.51 |
| Total | 3319200 | 651180000 | 196.19 |
| Retail Apps | 277304 | © IPO Premium | |
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹44.57 | @8% ₹50.93 | @9% ₹57.3 | @10% ₹63.67 | @11% ₹70.03 | @12% ₹76.4 |
Incorporated in 2010, Megatherm Induction Limited manufactures induction heating and melting products using electrical induction such as induction melting furnaces and induction heating equipment. Megatherm Induction is a subsidiary of Megatherm Electronics Private Limited.
The company also manufactures upstream and downstream equipment and machinery for steelworks, such as transformers, ladle refining furnaces, continuous casting machines, fume extraction systems, etc., as well as electric arc furnaces for the alloy and special steel industry.
The company also offers turnkey solutions for steel plants, which include the planning, engineering, delivery, assembly and commissioning of steel plants with its own or outsourced systems and machines, as well as customer service with maintenance contracts and spare parts business.
Megatherm's key market segments are Secondary steel producers that recycle scrap, primary steel producers that convert iron ore into sponge iron and then convert it into steel through induction melting, automotive suppliers, Ordnance factories and railroads, DI pipe manufacturers, and various engineering industries that produce critical parts in their own casting, forging and metal processing facilities.
Megatherm Induction's manufacturing unit is located in Kharagpur and has a production capacity of around 300 furnaces and transformers (as of March 31, 2023).
The company exports products to South America, Africa, the Gulf region, Europe, SAARC and Southeast Asia.
As at July 31, 2023, the company had 285 permanent employees.
Megatherm Induction IPO Details
| 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 IPO Reservation
Megatherm Induction IPO offers 4,992,000 shares. 948,000 (18.99%) to QIB, 711,600 (14.25%) to NII, 1,659,600 (33.25%) to RII and 1,422,000 (28.49%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,422,000 (28.49%) |
| Market Maker Shares Offered | 250,800 (5.02%) |
| QIB Shares Offered | 948,000 (18.99%) |
| NII (HNI) Shares Offered | 711,600 (14.25%) |
| Retail Shares Offered | 1,659,600 (33.25%) |
| Shares Offered | 4,992,000 (100%) |
Megatherm Induction IPO Anchor Investors Details
Megatherm Induction IPO raises Rs 15.36 crore from anchor investors. Megatherm Induction IPO Anchor bid date is January 25, 2024. Megatherm Induction IPO Anchor Investors list
| Bid Date | January 25, 2024 |
| Shares Offered | 1,422,000 |
| Anchor Portion Size (In Cr.) | 15.36 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 14, 2024 |
Megatherm Induction IPO Lead Manager(s)
- Hem Securities Limited
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.66% |
| ROCE | 27.47% |
| Debt/Equity | 1.67 |
| RoNW | 27.66% |
| P/BV | 2.95 |
Company Financials
Megatherm Induction Limited Financial Information (Restated)
Megatherm Induction Limited's revenue increased by 41.37% and profit after tax (PAT) rose by 1171.94% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 21,040.28 | 19,197.87 | 17,262.76 | 14,645.06 |
| Revenue | 14,732.31 | 26,643.84 | 18,846.92 | 10,927.03 |
| Profit | 759.34 | 1,400.41 | 110.10 | 309.12 |
| Net Worth | 5,821.98 | 5,062.64 | 3,662.23 | 3,512.13 |
| Reserves | 4,437.11 | 4,139.39 | 2,738.98 | 2,598.88 |
| Borrowing | 4,480.46 | 4,282.04 | 4,038.80 | 4,327.04 |
| Amount in ₹ Lakhs | ||||
Megatherm Induction IPO Lead Manager(s)
- Hem Securities Limited
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html