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Megatherm Induction IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Kolkata and caters to Engineering - Heavy Machinery sector. Hem Securities is the merchant banker of Megatherm Induction IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th September 2023.
Megatherm Induction IPO open date is 29th January 2024 and close date is 31st January 2024. IPO Allotment Date is 1st February 2024 and Listing date is 5th February 2024.Megatherm Induction IPO size is Rs 53.91 Cr. crores with IPO price of Rs 108.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Megatherm Induction IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Megatherm Induction IPO.
Megatherm Induction IPO anchor investors are the below investors. The number of anchor investors in this IPO is 6.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Meru Investment Fund | 288,800.00 | ₹108.00 | ₹31,190,400.00 |
| Chhattisgarh Investments Limited | 278,400.00 | ₹108.00 | ₹30,067,200.00 |
| FINAVENUE CAPITAL TRUST | 103,200.00 | ₹108.00 | ₹11,145,600.00 |
| Zinnia Global Fund | 278,400.00 | ₹108.00 | ₹30,067,200.00 |
| Bengal Finance and | 278,400.00 | ₹108.00 | ₹30,067,200.00 |
| Quantum - State | 195,600.00 | ₹108.00 | ₹21,124,800.00 |
Megatherm Induction IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Megatherm Induction IPO, based in Kolkata, operates in the Engineering - Heavy Machinery sector with a focus on consultancy services to various industries. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Megatherm Induction IPO size is ₹ 53.91 Cr. Crores with fresh issue size of Rs 53.91 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Megatherm Induction IPO is expected to be 1st February 2024, after the finalization of basis of allotment. Investors can check Megatherm Induction IPO allotment status on the registrars website, Bigshare Services Private Limited. Megatherm Induction IPO refund dates are 2nd February 2024.
Megatherm Induction IPO is expected to be listed on 5th February 2024.
The upper price band for the Megatherm Induction IPO is set at ₹ 108.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Megatherm Induction IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Megatherm Induction IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 31st January 2024. After submission, funds are blocked until the basis of allotment of Megatherm Induction IPO is finalised.
The merchant banker for Megatherm Induction IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Megatherm Induction IPO RHP for further details.
The registrar for Megatherm Induction IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Megatherm Induction IPO through their official website or helpline.
Megatherm Induction IPO was subscribed 196.11 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 53.91 Cr.
Avg IPO Size (Sector Based)
:
₹ 28.38 Cr.
Sector: Engineering - Heavy Machinery
SME IPO so far:
6
Merchant Banker:
Hem Securities
SME IPO by BRLM so far:
47
City:
Kolkata
SME IPO so far:
69
Revenue (annualised):
₹ 294.64 cr.
PE
Ratio:
13.40x
Average Sector PE Ratio: 15.35x
Megatherm Induction IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Megatherm Induction Financial Review Page
Merchant Banker(s) of Megatherm Induction IPO: Hem Securities Limited
Megatherm Induction IPO subscription was 196.11 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Megatherm Induction IPO listed at a listing price of 207.90 against the offer price of 108.00.
The current market price of Megatherm Induction is 289.30.
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