Megatherm Induction IPO: Check Out Issue Size, Reserve Portion & More
by Sandip Das on 29 January 2024, 5 min read
Megatherm Induction‘s initial public offering (IPO) opened for subscription on January 29, 2024. The issue will close on January 31, 2024.
The IPO price band for Megatherm Induction is set at Rs 100 to Rs 108 per share. The minimum lot size for an application is 1200 shares, requiring a minimum investment of Rs 1,29,600 for retail investors. High Net Worth Individuals (HNI) need to invest in a minimum of 2 lots, totaling 2,400 shares, amounting to Rs 2,59,200.
The issue reservation includes not more than 50 percent for Qualified Institutional Buyers (QIB), not less than 35 percent for retail investors, and not less than 15 percent for Non-Institutional Investors (NII), which includes High Net Worth Individuals (HNI).
About the company
Megatherm specializes in Metal Heating & Melting Equipment, utilizing induction technology to address thermal challenges. The company has a significant presence across various sectors, including steel, foundry, forging, and other metalworking industries. Their expertise lies in providing solutions for the efficient heating and melting of metals using induction processes.
Price Band
The IPO price band for Megatherm Induction is set at Rs 100 to Rs 108 per share.
Also read: Harshdeep Hortico IPO: Check Out Price Band, Issue Size & More
Issue Size
The minimum lot size for an application is 1200 shares, requiring a minimum investment of Rs 1,29,600 for retail investors. High Net Worth Individuals (HNI) need to invest in a minimum of 2 lots, totaling 2,400 shares, amounting to Rs 2,59,200.
Company Financials
| Particulars | March 31, 2023 (Rs lakhs) | March 31, 2022 (Rs lakhs) |
| Revenue from operations | 26588.15 | 18783.13 |
| Profit after tax | 1400.41 | 110.10 |
IPO Reserve Portion
- Qualified Institutional Buyers (QIB): Not more than 50 percent
- Retail Investors: Not less than 35 percent
- Non-Institutional Investors (NII): Not less than 15 percent
Objectives of the Issue
The proceeds from the issue will be allocated for funding capital expenditure, specifically for the construction of a factory shed and the installation of additional plant and machinery. Additionally, the funds will be utilized to meet working capital requirements and for general corporate purposes.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions. Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
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