Megatherm Induction Ltd IPO
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Megatherm Induction Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 49.92 L | TBA | ₹ 16.6 L | ₹ 136.95 L | NSE | ₹ 53.91 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 29 Jan, 24 | 31 Jan, 24 | 1200 | ₹ 1,20,000 | Book Building - SME | 05 Feb, 24 |
Megatherm Induction Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 2370000 | 0 |
| NII | 307.39x | 711600 | 218739600 |
| Retail | 200.51x | 1659600 | 332764800 |
| Employee | 0x | 0 | 0 |
| Total | 130.44x | 4992000 | 651180000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Megatherm Induction Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 30.99 | 22.26 | 3.58 |
| EBITDA | 34.38 | 24.69 | 5.64 |
| PAT | 20.72 | 14.00 | 1.10 |
| Total Assets | 187.73 | 124.37 | 129.85 |
| Share Capital | 18.84 | 9.23 | 9.23 |
| Total Borrowings | 49.61 | 51.85 | 56.56 |
| Operating Activities (Net Cash) | 24.11 | 16.43 | 3.16 |
| Investing Activities (Net Cash) | 6.96 | -0.62 | -2.48 |
| Financing Activities (Net Cash) | 49.61 | 51.85 | 56.56 |
| Net Cashflow | 60.61 | 21.03 | 18.05 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Megatherm Induction Ltd
Megatherm Induction Limited was originally incorporated as a Private Limited Company under the name of Megatherm Transmission & Distribution Private Limited on October 22, 2010 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Kolkata, West Bengal. Further, pursuant to the special resolution passed by the shareholders in the Extra Ordinary General Meeting held on September 16, 2015 the name of the Company was changed from Megatherm Transmission & Distribution Private Limited to Megatherm Induction Private Limited and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Kolkata, West Bengal dated September 23, 2015. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on November 15, 2022, the Company was converted into a Public Limited Company and consequently the name of the Company was changed from Megatherm Induction Private Limited to Megatherm Induction Limited vide a fresh certificate of incorporation dated December 20, 2022, issued by the Registrar of Companies, Kolkata, West Bengal.
The secondary Steel sector is treading on a growth path and is expected to play a major role in steel production of India in the light of trends towards increased usage of scrap based steel production. A large number of new production capacities are being added to meet the growing demand. The secondary sector has enormously improved its performance in last two decades with regard to energy usage due to continuous institutional efforts and also interventions through energy efficiency projects funded by government for penetration of energy efficient technologies in this sector. The sector is installing secondary metallurgy equipments like LRFs, VDs to produce quality products. The sector has largely shifted from ingot casting to continuous casting of billets which has helped to get rid of many quality problems.
Megatherm Induction Limited is engaged in the business of manufacturing of induction heating and melting products by means of electric induction like induction melting furnace and induction heating equipment. Besides induction melting & heating equipments the company produces various up-stream & down-stream plant & machineries associated with steel melt shops such as, transformers, ladle refining furnaces, continuous casting machines, fume extraction systems etc. The Company also manufacturers electric arc furnaces for alloys & special steel making industries, its services portfolio includes turnkey solutions for steel plant, which involves design, engineering, supply, erection & commissioning of the steel melt shops using both insourced & outsourced plant & machineries and after sales service, involving maintenance contracts & spare parts business.
Peer Comparison:
- Electrotherm (India) Ltd
Megatherm Induction Ltd IPO Key Points
Strengths
- Established Manufacturing facility.
- Technical capabilities for complex applications.
- Long standing relationship with its customers.
- Experienced and Qualified Promoters and Management team.
- Delivering financial performance with strong order book.
Risk
- Its loan agreements requires its Corporate Promoter to pledge Equity Shares of the Company with lenders. Any breach by the Company of certain covenants under the financing agreements may entitle these lenders to exercise their rights under the financing agreements and reduce the shareholding of its Corporate Promoter, which may adversely affect the company business.
- The company significantly depends upon few of the raw material suppliers for manufacturing of induction heating and melting products and transformers. Volatility in the supply and pricing of its raw materials may have an adverse effect on the company business, financial condition and results of operations.
- The company may not be able to realize the amounts, partly or at all, reflected in its Order Book which may materially and adversely affect itd business, prospects, reputation, profitability, financial condition and results of operation.
Strategy
- Expanding its customer base.
- Increasing its Global presence.
- Focus on increasing operational efficiencies to improve returns.
- Focus on consistently meeting quality standards.
- Established Manufacturing facility.
- Technical capabilities for complex applications.
- Long standing relationship with its customers.
- Experienced and Qualified Promoters and Management team.
- Delivering financial performance with strong order book.
How To Apply for Megatherm Induction Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.