🚀 Megatherm Induction IPO: A Golden Opportunity for Investors! 📈💰
The much-awaited IPO of Megatherm Induction, a leading manufacturer of induction heating equipment, is now open for subscription. This SME IPO is worth ₹53.91 crores, and investors have the chance to invest in it until 31st January. The company will issue 4.992 million new equity shares under this IPO, with no offer for sale (OFS).
📊 IPO Details:
★Price Range: ₹100-108 per share
★Minimum Lot Size: 1,200 shares
★Minimum Investment for Retail Investors: ₹1,29,600
★Anchor Investors: The company has raised ₹15.36 crores from anchor investors, including Meru Investment Fund, Bengal Finance and Investments, and Chhattisgarh Investment.
📋 Key Players:
★Promoters: Sheshadri Bhushan Chanda, Sadadri Chanda, and Megatherm Electronics Private Limited.
★Lead Manager: Hem Securities Limited
★Registrar: Bigshare Services Private Limited
★Market Maker: Hem Finlease
📅 Distribution and Listing:
Once the subscription period is over, successful investors can expect the distribution of shares on 1st February 2024. The company’s shares will be listed on NSE SME, with an expected temporary listing date set for 5th February 2024.
💥 Grey Market Buzz:
Megatherm Induction’s shares are witnessing high demand in the grey market, with shares trading at a premium of ₹75. If the listing price reaches ₹183, investors can enjoy a bumper profit of 69.44%!
🏭 About Megatherm Induction:
Established in 2010, Megatherm Induction manufactures quality heating and melting products using induction technology. Their product range includes induction melting furnaces and induction heating equipment. The company is a subsidiary of Megatherm Electronics Private Limited and also manufactures upstream and downstream equipment and machinery for the steel industry, including transformers and ladle refining furnaces.
💡 Don’t Miss Out on this Golden Opportunity!
Investors, gear up and grab the chance to invest in Megatherm Induction’s IPO. With its strong market presence and promising growth prospects, this IPO is sure to bring substantial returns. Stay tuned for more updates on this exciting IPO! 💪💼💰
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
