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Open
29 Jan 2024
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Close
31 Jan 2024
3
Allotment
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Listing
Mon, Feb 5, 2024
Price Band
₹100 to ₹108
Issue Size
49,92,000 shares (agg. up to ₹54 Cr)
Lot Size
1,200 Shares
Listing Date
Mon, Feb 5, 2024
Latest GMP
₹110
Est. Gain
101.85%
✦ AI Insight
GMP Trend
05-02-2024₹110Est. ₹218+101.85%
04-02-2024₹110Est. ₹218+101.85%
03-02-2024₹107Est. ₹215+99.07%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 136.37x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 210.40 | 191.98 | 172.63 | 146.45 |
| Total Income | 147.32 | 266.44 | 188.47 | 109.27 |
| Profit After Tax | 7.59 | 14.00 | 1.10 | 3.09 |
| NET Worth | 58.22 | 50.63 | 36.62 | 35.12 |
| Reserves and Surplus | 44.37 | 41.39 | 27.39 | 25.99 |
| Total Borrowing | 44.80 | 42.82 | 40.39 | 43.27 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Siyaram Recycling Industries Ltd. | SME | ₹22.96 Cr | ₹46 | 8.3 | ₹57.75 | +25.54% | ₹40.42 (-2.18%) |
| Holmarc Opto-Mechatronics Ltd. | SME | ₹11.40 Cr | ₹40 | 8.09 | ₹68.50 | +71.25% | ₹109.00 (+1.87%) |
| Meson Valves India Ltd. | SME | ₹31.09 Cr | ₹102 | 15.47 | ₹203.45 | +99.46% | ₹216.35 (-1.99%) |
| Jiwanram Sheoduttrai Industries Ltd. | SME | ₹17.07 Cr | ₹23 | 9.91 | ₹28.50 | +23.91% | ₹5.15 (-1.90%) |
| Alphalogic Industries Ltd. | SME | ₹12.88 Cr | ₹96 | 22.3 | ₹96.29 | +0.30% | ₹141.00 (-6.62%) |
| Auro Impex & Chemicals Ltd. | SME | ₹27.07 Cr | ₹78 | 12.07 | ₹75.70 | -2.95% | ₹25.45 (+1.19%) |
| Srivasavi Adhesive Tapes Ltd. | SME | ₹15.50 Cr | ₹41 | 16.08 | ₹42.00 | +2.44% | ₹89.95 (-4.66%) |
| Sealmatic India Ltd. | SME | ₹56.24 Cr | ₹225 | 18.75 | ₹236.25 | +5.00% | ₹391.05 (-0.66%) |
| Inox India Ltd. | Mainboard | ₹1,459.32 Cr | ₹660 | 39.22 | ₹939.95 | +42.42% | ₹1,980.20 (-0.77%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards construction of factory shed and installation of additional plant and machinery | 14.90 |
| 2 | To meet Working Capital requirements | 26.00 |
| 3 | General Corporate Purpose | 7.25 |
About Megatherm Induction IPO
Incorporated in 2010, Megatherm Induction Limited manufactures induction heating and melting products using electrical induction such as induction melting furnaces and induction heating equipment. Megatherm Induction is a subsidiary of Megatherm Electronics Private Limited. The company also manufactures upstream and downstream equipment and machinery for steelworks, such as transformers, ladle refining furnaces, continuous casting machines, fume extraction systems, etc., as well as electric arc furnaces for the alloy and special steel industry. The company also offers turnkey solutions for steel plants, which include the planning, engineering, delivery, assembly and commissioning of steel plants with its own or outsourced systems and machines, as well as customer service with maintenance contracts and spare parts business. Megatherm's key market segments are Secondary steel producers that recycle scrap, primary steel producers that convert iron ore into sponge iron and then convert it into steel through induction melting, automotive suppliers, Ordnance factories and railroads, DI pipe manufacturers, and various engineering industries that produce critical parts in their own casting
Contact Details
Megatherm Induction Ltd. AddressPlot-L1 Block GP, Sector VElectronics ComplexSaltlake CityKolkata, West Bengal, 700091+91 33 4088 6200cs@megatherm.comVisit Website