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Megatherm IPO

Megatherm Induction IPO

  • Status: Closed
  • RHP:
  • ₹ 120,000 / 1200 shares

    Minimum Investment

IPO Details

  • Open Date

    29 Jan 2024

  • Close Date

    31 Jan 2024

  • IPO Price Range

    ₹ 100 to ₹ 108

  • IPO Size

    ₹ 53.91 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    05 Feb 2024

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IPO Timeline

Megatherm Induction IPO Subscription Status

Last Updated: 31 January 2024 7:14 PM by 5Paisa

Megatherm Induction Limited IPO is all set to open from 29th January to 31st January 2024. The company makes induction heating and melting products. The IPO includes a fresh issue of 4,992,000 shares worth ₹53.91 cr. The share allotment date is 1st February 2024, and the IPO will be listed on 5th February 2024 on the stock exchanges. The price band is ₹100 to ₹108 and the lot size is 1200 shares.        

Hem Securities Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Megatherm IPO:

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.
 

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.

Some of the key market areas where the company sells it products are:

●    Secondary Steel producers involved in scrap recycling.
●    Primary Steel producers involved in the conversion of iron ore into sponge iron & subsequent conversion into steel through Induction Melting.  
●    Auto ancillaries 
●    Ordnance factories & Railways 
●    DI pipe producers and diverse engineering industries involved in producing critical parts in its captive casting, forging & metal working units.  

Megatherm has a global presence with exports to South America, Africa, the Gulf, Europe, SAARC (Bangladesh, Nepal, Megatherm Induction Limited 106 Bhutan) and SouthEast Asia regions. 

Peer Comparison

●    Electrotherm (India) Limited
 

For More Information:
Webstory on Megatherm IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 265.88 187.83 109.00
EBITDA 27.54 7.93 13.16
PAT 14.00 1.10 3.09
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 191.97 172.62 146.45
Share Capital 9.23 9.23 9.13
Total Borrowings 141.35 136.00 111.32
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 25.77 17.22 13.95
Net cash from / (used in) investing activities -19.77 -3.04 -4.53
Net cash flow from / (used in) financing activities -3.40 -7.47 -5.69
Net increase (decrease) in cash and cash equivalents 2.59 6.70 3.71


Strengths

1.    The company has its own manufacturing facility. 
2.    The company has developed capabilities for working on complex manufacturing processes. 
3.    It has a well-diversified customer base in India and different parts of the globe.
4.    It has showcased robust financial performance with a strong order book. 
5.    Well-experienced promoters and management team.
 

Risks

1.    The induction heating and melting equipment business and transformer business is dependent on growth in the metal and steel industry. 
2.    A major portion of revenue is dependent on a few large customers.
3.    It is subject to strict performance requirements.
4.    The Group Company has incurred losses in the past.
5.    Exposed to foreign exchange fluctuations. 
6.    Reported negative cash flows in the past.
 

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FAQs

Megatherm Induction IPO opens from 25th January to 30th January 2024.
 

The size of Megatherm IPO is ₹53.91 cr. 

To apply for Megatherm IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Megatherm IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The GMP value of every IPO changes daily. To view today's GMP of Megatherm Induction IPO visit https://www.5paisa.com/ipo/ipo-gmp 
 

The price band of Megatherm IPO is fixed at ₹100 to ₹108 per share. 

The minimum lot size of Megatherm IPO is 1200 shares and the investment required is ₹1,20,000.

The share allotment date of Megatherm IPO is 31st January 2024.

The Megatherm IPO will be listed on 2nd February 2024.

Hem Securities Limited is the book-running lead manager for Megatherm IPO.

Megatherm Induction Limited plans to utilize the raised capital from the IPO to:

1.    To meet working capital requirements. 
2.    To meet working expenditure requirements for the construction of the factory shed and installation of additional plant and machinery.
3.    General corporate purposes.