Open Date
29 Jan 24
31 Jan 24
1200 shares
₹53.91 Cr
Lot Size
IPO Size
Listing At
NSE SME
Listing Date
Price Range
₹100 to ₹108
Close Date
Allotment Date
01 Feb 24
05 Feb 24
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.
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
Disclaimer Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.