Megatherm Induction Limited

Company Profile
Company Name Megatherm Induction Limited
Open Date 29-01-2024
Close Date 31-01-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹100 to ₹108 per share
Issue Size 49,92,000 shares
Application Amount ₹1,29,600
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Megatherm Induction Limited was originally incorporated in the year 2010 and had its registered office in Kolkata, West Bengal, India.The company is engaged in the business of manufacturing induction heating and melting products by means of electric induction like induction melting furnaces and induction heating equipment.The company exports its products to South America (e.g. Argentina, Brazil, etc), Africa (e.g. South Africa, Kenya, Tanzania, Ghana, Nigeria), Gulf (e.g. Saudi Arabia, UAE), Europe (e.g. Poland, France), SAARC (e.g. Bangladesh, Nepal, Bhutan) and Southeast Asia (e.g. Indonesia, Malaysia).As of 30th September 2023, the Company had 278 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 14,645.6 17,262.76 19,197.8 21,040.2
Net Assets 3,512.13 3,662.23 5,062.64 5,821.98
Total Borrowings 4,327.04 4,038.80 4,282.04 4,480.46
Total Revenue 10,927.0 18,846.92 26,643.8 14,732.3
Profit After Tax 309.12 110.10 1,400.66 759.34

Tentative Timeline

Opening Date 29-01-2024
Closing Date 31-01-2024
Basis of Allotment 01-02-2024
Initiation of Refunds 02-02-2024
Credit of Shares to Demat 02-02-2024
Listing Date 05-02-2024

Objects of the Issue

Funding capital expenditure towards the construction of factory shed and installation of additional plant and machinery.
Funding working capital requirements
General Corporate Purpose.

Contact Information

Registered Office Megatherm Induction Limited Plot - L1 Block GP, Sector V, Electronics Complex, Saltlake City Kolkata - 700091
Phone +91 33 4088 6200

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

QIB 948,000 (18.99%)
NII 711,600 (14.25%)
RII 1,659,600 (33.25%)
Anchor investors 1,422,000 (28.49%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 98.92%
Share Holding Post Issue (Promoters) 72.71%

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