Open Date

29 Jan 24

31 Jan 24


₹53.91 Cr

Lot Size

IPO Size

Listing At


Listing Date

Price Range

₹100 to ₹108

Close Date

Allotment Date

01 Feb 24

05 Feb 24

IPO Details

Megatherm Induction Limited undertakes the manufacturing of induction heating and melting products. The company undertakes these activities by using electric induction such as induction melting furnace and induction heating equipment. It also makes up-stream & down-stream plant & machineries related to steel melt shops like transformers, ladle refining furnaces, continuous casting machines, fume extraction systems etc. Megatherm also produces electric arc furnaces for alloys & special steel making industries. The company also makes turnkey solutions for steel plants.

About the Company

Megatherm Induction Limited plans to utilize the raised capital from the IPO to: ●    To meet working capital requirements. ●    To meet working expenditure requirements for the construction of the factory shed and installation of additional plant and machinery. ●    General corporate purposes.


The book-running lead managers to the offer are: Hem Securities Ltd

Book Runners

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