What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Megatherm Induction Limited IPO?

Megatherm Induction Limited IPO has received a total subscription of 196.19 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Megatherm Induction Limited

ListedSME

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

₹110

+101.8%

Est. Listing

₹218

at current GMP

Subscribed

196.19x

overall

Open

29 Jan 2024

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

196.19x

Total Demand

QIB Multiplier

105.14x

Institutions & Funds

NII / HNI

307.39x

High Net-Worth

Retail (RII)

200.51x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 196.19x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	948,000	99,675,600	105.14x
NIB	711,600	218,739,600	307.39x
RETAIL	1,659,600	332,764,800	200.51x
Total	3,319,200	651,180,000	196.19x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 204.33x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	1,456	291,943	200.51x
HNIs (10L +)	9	2,767	307.39x
HNIs (2-10L)	45	13,833	307.39x
Total Applications	1,510	308,543	204.33x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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 Schedule:

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 (GMP) for Megatherm Induction Limited IPO is ₹110 per equity share. Based on the upper price band of ₹100 to ₹108 per equity share, the estimated listing price is ₹218 (+101.8% expected listing gain).

What is the expected profit per lot for Megatherm Induction Limited IPO?

With a lot size of 1200 shares and current GMP of ₹110, the expected profit per application lot is approx ₹1,32,000 (+101.8% gain). Minimum application cost is approx ₹1,29,600.

What is the issue size and price band for Megatherm Induction Limited IPO?

The Megatherm Induction Limited IPO aggregate issue size is ₹53.91 Crores with an equity price band set at ₹100 to ₹108 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,29,600.

How can I check Megatherm Induction Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 196.19x (Retail: 200.51x, QIB: 105.14x, NII: 307.39x). You can track live multiples directly on our dedicated subscription page.

Where and when will Megatherm Induction Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-02-01. Investors can verify status using PAN card or application number.

When is the listing date for Megatherm Induction Limited IPO?

Megatherm Induction Limited shares are scheduled to list on NSE on 2024-02-05.