Megatherm Induction IPO GMP Today ( Grey Market Premium )

The Megatherm Induction IPO commenced on January 29, 2024, and concluded on January 31, 2024. The allotment of shares took place on February 1, 2024, and the initiation of refunds began on February 2, 2024. The shares were credited to the demat accounts of investors on February 2, 2024. Finally, the listing of Megatherm Induction on the stock exchange occurred on February 5, 2024.

The Megatherm Induction IPO was priced at ₹100 to ₹108 per share, with a lot size of 1200 shares. The total issue size was ₹53.91 crores, comprising a fresh issue of ₹53.91 crores. The IPO was listed on the NSE SME.

Megatherm IPO Basic Details

Megatherm Induction IPO GMP Today:

Megatherm Induction IPO Details:

Established in 2010, Megatherm Induction Limited specializes in creating advanced induction heating and melting solutions using electrical induction technology. Our range includes induction melting furnaces and heating equipment. Megatherm Induction operates as a subsidiary of Megatherm Electronics Private Limited.

We go beyond just induction products, producing a variety of equipment for steelworks, such as transformers, ladle refining furnaces, continuous casting machines, and fume extraction systems. Our expertise extends to electric arc furnaces designed for the alloy and special steel industry.

Megatherm Induction goes the extra mile by providing turnkey solutions for steel plants. From planning and engineering to delivery, assembly, and commissioning, we ensure a seamless process. Our services cover both in-house and outsourced systems and machines. We also offer customer support through maintenance contracts and spare parts.

Our primary market segments include secondary steel producers, primary steel producers, automotive suppliers, ordnance factories, railroads, DI pipe manufacturers, and various engineering industries. We cater to those who recycle scrap, convert iron ore into sponge iron, and use induction melting to produce steel.

Situated in Kharagpur, our manufacturing unit boasts a production capacity of approximately 300 furnaces and transformers as of March 31, 2023.

Megatherm Induction doesn’t just serve the local market; we export our products to South America, Africa, the Gulf region, Europe, SAARC, and Southeast Asia.

As of July 31, 2023, we are proud to have 285 permanent employees dedicated to delivering top-notch solutions and services.

Megatherm Induction IPO More Details Click Here

Megatherm Induction IPO FAQs