IPO Trending
MEGATHERMSME / NSEListed

Megatherm Induction Limited

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.

₹100 - ₹108196.19x sub
Listed Price198.00
Listing Gain+83.33%
TimelineBook Built Issue IPO
Open29 Jan 2024
Close31 Jan 2024
Allotment01 Feb 2024
Listing05 Feb 2024

Quota Reservation Portions

RetailPortion: 16,59,600 shares
33.25%
Nii(hni)Portion: 7,11,600 shares
14.25%
QIBPortion: 9,48,000 shares
18.99%
Market MakerPortion: 2,50,800 shares
5.02%

Minimum Application Bracket Matrix

Retail1 lots / 1,200 shares
₹1,29,600
HNI2 lots / 2,400 shares
₹2,59,200

About the Company

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.

Company Promoters

Shesadri Bhusan ChandaSatadri ChandaMegatherm Electronics Private Limited
Megatherm Induction Limited IPO Details | GMP, Allotment & Financials | IPO Trending