Megatherm Induction Limited
ListedSMEEmerging 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
₹110
+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
Last updated 12 days ago
Live Grey Market Premium
Megatherm Induction Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹110+101.8%
Issue Price (Upper)
₹108
Band: ₹100 – ₹108
Estimated Listing Price
₹218
Upper price + GMP
Lot Size
1200 shares
Min investment ₹1,29,600
Estimated Profit / Lot
₹1,32,000
1200 × ₹110
Megatherm Induction Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹110
▲ 0 today
Updated 1 minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹110 | 101.8% | ₹218 |
| 30 Oct 2026 | +₹110 | 101.8% | ₹218 |
| 29 Oct 2026 | +₹99 | 91.7% | ₹207 |
GMP is unofficial market data. Not a guarantee of listing performance.
About Megatherm Induction Limited Public Issue & Market Profile
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.
Public Issue & Pricing Context:
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.
Basis of Allotment & Listing Timeline:
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.
Frequently Asked Questions
What is Megatherm Induction Limited IPO GMP today?
The latest grey market premium for Megatherm Induction Limited IPO is ₹110, which indicates an expected listing price of ₹218.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.