Megatherm Induction Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Megatherm

CMP

404.10

+21.35 (5.58%)

  • DRHP
₹108

Offer Price

₹ 53.91 Cr

Issue Size

₹ 1,29,600

Min Investment

1,200

Lot size

Time Line

  • 29
    Jan 2024
    Open
  • 31
    Jan 2024
    Close
  • 01
    Feb 2024
    Finalisation of Basis of Allotment
  • 02
    Feb 2024
    Initiation of Refunds
  • 02
    Feb 2024
    Transfer of Shares to Demat Account
  • 05
    Feb 2024
    Listing Date

Objects of the Offer

  • Expanding its customer base.

  • Increasing its Global presence.

  • Focus on increasing operational efficiencies to improve returns.

  • Focus on consistently meeting quality standards.

Products & Services

  • 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.

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.

Risks

  • 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.

  • Under-utilization of its manufacturing capacities and an inability to effectively utilize its existing manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.

  • The company is subject to strict performance requirements, including, but not limited to, quality and delivery, by its customers, and any failure by it to comply with these performance requirements may lead to the cancellation of existing and future orders, recalls or warranty and liability claims.

Company Promoters

Promoters Holding

Issue For IPO
98.89%
Pre Holding

98.89%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 187.83 (72.30%) 265.88 (41.60%) 27.66 (-)
Gross Profit 187.83 (72.30%) 265.88 (41.60%) 27.66 (-)
Net Income 187.83 (72.30%) 265.88 (41.60%) 27.66 (-)
Assets 187.83 (72.30%) 265.88 (41.60%) 27.66 (-)
Liabilities 187.83 (72.30%) 265.88 (41.60%) 27.66 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Megatherm Induction Ltd 265.88 14.00 94.83 44.21 27.66 0.00 54.83 1.28 0.45
Electrotherm (India) Ltd 3,074.05 -11.82 1,752.14 1,752.14 0.00 -9.28 -860.45 -0.67 -1.81

Book Running Managers

  • Hem Securities Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Plot-L1 Block GP Sector V,
Electronics Complex Saltlake,
Kolkata - 700091
Phone : +91 33 4088 6200 Email : cs@megatherm.com www.megatherm.com

Offer Related Information

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... More

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