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IPO

IPO Synopsis
Megatherm Induction Ltd
Registered Office: Plot-L1 Block GP Sector V,Electronics Complex Saltlake , Kolkata - 700091 , West Bengal , India.
Phone : +91 33 4088 6200   Fax:
Email :  cs@megatherm.com  
Website :  www.megatherm.com
Initial public offer of 49,92,000* equity shares of face value of Rs. 10/- each (the "Equity Shares") of Megatherm Induction Limited ("The Company" or "The Issuer" or "MIL")) at an issue price of Rs. 108 per equity share for cash, aggregating up to Rs. 53.91 crores ("Public Issue") out of which 2,50,800 equity shares of face value of Rs. 10 each, at an issue price of Rs. 108 per equity share for cash, aggregating Rs. 2.71 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 47,41,200 equity shares of face value of Rs. 10 each, at an issue price of Rs. 108 per equity share for cash, aggregating upto Rs. 51.20 crores is here in after referred to as the "Net Issue". The public issue and net issue will constitute 26.50% and 25.16% respectively of the post-issue paid-up equity share capital of the company. *Subject to finalization of basis of allotment. The face value of the equity shares is Rs. 10/- each. The issue price is 10.8 times with the face value of the equity shares. The anchor investor issue price is Rs. 108 per equity share.

Issue Money Payable On
Opens On Closes On Application Allotment
29-Jan-24 31-Jan-24 Rs108.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  Rs Cr Lead Managers to the Issue
Project Cost 48.15
Hem Securities Ltd
Project Financed through Current Offer 53.91  
Post Issue Equity Share Capital 18.84  
Issue Price Rs108.00  
 
Projects
Funding capital expenditure towards construction of factory shed and installation of additional plant and machineryGeneral corprate purposes
To meet working capital requirements
Promoted By
Shesadri Bhusan Chanda
Satadri Chanda
Megatherm Electronics Pvt Ltd
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd