
Emerging SME Services · NSE
Incorporated in 2010, Megatherm Induction Limited, a subsidiary of Megatherm Electronics Private Limited, specializes in manufacturing induction heating and melting equipment, including induction furnaces and steelworks machinery such as transformers, ladle refining furnaces, and continuous casting machines. The company also provides turnkey solutions for steel plants, covering planning, engineering, equipment delivery, and maintenance. Serving secondary and primary steel producers, automotive suppliers, ordnance factories, and engineering industries, Megatherm Induction exports to South America, Africa, the Gulf, Europe, SAARC, and Southeast Asia. With a manufacturing unit in Kharagpur producing around 300 furnaces and transformers annually, the company had 285 permanent employees as of July 31, 2023, ensuring a strong global presence in the steel and metal processing sector.
Price Band
₹100 – ₹108
Issue Size
₹53.91 Cr
Lot Size
1200 shares
GMP
+101.8%
Est. Listing
₹218
at current GMP
Subscribed
196.19x
overall
Open
29 Jan 2024
Close
31 Jan 2024
Allotment
1 Feb 2024
Refund
2 Feb 2024
Demat Credit
3 Feb 2024
Listing
5 Feb 2024
Designated Registrar: Bigshare Services Private Limited
Allotment Date
1 Feb 2024
Basis finalization
Refunds Initiate
2 Feb 2024
Mandate release
Demat Credit
3 Feb 2024
Shares in demat
Listing Debut
5 Feb 2024
Trading begins
Megatherm Induction Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹53.91 Crores. The shares are offered at a price band of ₹100 to ₹108 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,29,600 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-02-03, while un-allotted funds or UPI block mandates will be released on 2024-02-02.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.