Megatherm Induction, a company specializing in the manufacturing of induction heating and melting products, including induction melting furnaces and induction heating equipment, is also involved in producing various plants and machinery associated with steel melt shops. Their product range includes transformers, ladle refining furnaces, continuous casting machines, and fume extraction systems. Additionally, the company manufactures electric arc furnaces for alloys and special steel-making industries. Megatherm Induction offers turnkey solutions for steel plants, encompassing design, engineering, supply, erection, and commissioning of steel melt shops, utilizing both in-sourced and outsourced plant and machinery. The company provides after-sales services, including maintenance contracts and spare parts business.
Megatherm Induction serves key market areas such as secondary steel producers engaged in scrap recycling, primary steel producers involved in the conversion of iron ore into sponge iron and subsequent steel production through induction melting, auto ancillaries, ordnance factories, railways, DI pipe producers, and various engineering industries producing critical parts in captive casting, forging, and metalworking units.
Megatherm Induction is a subsidiary of Megatherm Electronics Private Limited, whose journey began in 1989 with the manufacturing of induction melting and heating equipment. Over the years, the group has diversified its product portfolio to include transformers, metallurgical equipment, and allied auxiliary equipment. The group has also ventured into installing and setting up steel melt shops, providing complete solutions to customers for their steel-making needs.
Megatherm Induction’s product portfolio includes:
1. Induction Melting Furnace:
- Manufactures induction furnaces for diverse metal industry segments, such as automobile casting, DI pipe casting, and railway component casting.
2. Induction Billet Heaters:
- Offers heaters for forging ferro-magnetic and austenitic quality steel billets, suitable for non-ferrous metals as well. Provides supplementary equipment.
3. Induction Hardening & Heat-Treating Equipment:
- Provides induction heating equipment for surface hardening of steel, widely used in various applications including tube annealing and pipe stress relieving.
4. Induction Heating Power Source (Static Frequency Converter):
- Powers Induction Melting & Heating Equipment using Medium & High-Frequency Converters linked to the induction load.
5. Transformer:
- Manufactures various transformers for induction melting, ladle refining, distribution, and power purposes.
6. Ladle Refining Furnace:
- Utilized for adjusting the chemical composition and raising the temperature of molten metal, essential for deoxidization and degassing.
7. Electric Arc Furnace:
- Produces electric arc furnaces for steelmaking and smelting of non-ferrous metals, effectively melting various scrap types.
8. Continuous Casting Machine (CCM):
- Equipment for converting liquid steel into cast semis of desired sizes like billets, blooms, slabs, or strips.
Megatherm Induction’s product range caters to a wide spectrum of metalworking industries, addressing specific needs in each segment.
Megatherm Induction IPO Complete Details:
Megatherm Induction IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP Of Megatherm Induction is Around 75 Rs.
Objects Of Issue:
1. Allocating funds for the construction of a factory shed and the installation of additional plant and machinery.
2. Meeting the financial needs for working capital.
3. Utilizing funds for general corporate purposes.
Promoters:
1. Mr. Shesadri Bhusan Chanda:
- Position: Chairman & Managing Director
- Education: Bachelor of Electrical Engineering (1978) from Jadavpur University
- Experience: Around 45 years in the Induction, Electrical Industry & Metallurgical industry
2. Mr. Satadri Chanda:
- Position: Promoter, Whole Time Director & Chief Financial Officer
- Education:
- Bachelors of Technology in Electronics & Communication Engineering (2012) from West Bengal University of Technology
- Master of Science with a major in Industrial and Systems Engineering (2014) from Virginia Polytechnic Institute and State University, USA
- Experience:
- Two years in KPMG’s Management Consulting (Strategy & Operations) division
- Over Seven years in the Induction, Electrical, and Metallurgical equipment industry
FAQs:
When Megatherm Induction IPO is Opening?
Megatherm Induction IPO is Opening on 25 January 2024.
When is the Megatherm Induction IPO Closing?
Megatherm Induction IPO is Closing on 30 January 2024.
What is the Issue Size of the Megatherm Induction IPO?
The IPO Issue Size of Megatherm Induction is 6.71 Crore.
Price Band of Megatherm Induction IPO?
The price Band of Megatherm Induction IPO is 79 rupees per share.
What is the minimum investment for a Megatherm Induction IPO?
The minimum investment for the Megatherm Induction IPO is 126,400 Rupees.
Allotment Date of Megatherm Induction IPO?
The Allotment of Megatherm Induction IPO is on 31 January 2024.
Listing Date of Megatherm Induction IPO?
The Listing Of Megatherm Induction is Scheduled on 02 February 2024.
One Should Apply for Megatherm Induction IPO or Not?
MAY APPLY
How to apply for Megatherm Induction IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find Megatherm Induction IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Megatherm Induction IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find Megatherm Induction IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Megatherm Induction IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find Megatherm Induction IPO from the list ——–> Click on Megatherm Induction IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is the Lead Manager of Megatherm Induction?
Fedex Securities Private Limited is the Lead Manager of Megatherm Induction.
Where To Check the Allotment of Megatherm Induction IPO?
The allotment status for the Megatherm Induction IPO will be accessible on the Bigshare Services Private Limited Website.
Megatherm Induction IPO is going to be listed at?
Megatherm Induction IPO is going to be listed at NSE SME.
What is the Lot Size of the Megatherm Induction IPO?
The lot size of the Megatherm Induction IPO is 1600 Shares.
What is the P/E Ratio of the Megatherm Induction IPO?
The P/E Ratio of the Megatherm Induction is 9.3.
What is the ROE of the Megatherm Induction IPO?
The ROE of the Megatherm Induction IPO is 80.03%.
What is the ROCE of the Megatherm Induction IPO?
The ROCE of the Megatherm Induction IPO is 22.46%.
What is the EPS of the Megatherm Induction IPO?
The EPS of the Megatherm Induction IPO is 8.5.
