Megatherm Induction IPO Subscription Details

Bookbuilding IPO | ₹54 Cr | Listed at NSE SME | Mon, Jan 29, 2024 - Wed, Jan 31, 2024

Basis of Allotment - Megatherm Induction IPO

Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB
Allocation (No. of shares)9,48,00014,22,00023,70,0007,11,60016,59,60047,41,200
Allotment price (Rs.)108108108108108108
No.of applications6066618,5292,72,4332,91,028
No.of shares applied9,77,85,60014,22,0009,92,07,60022,04,20,80032,69,19,60064,65,48,000
Amount collected (Rs.cr.)1,056.08 15.36 1,071.44 2,380.54 3,530.73 6,982.72
No.of times subscribed103.151.0041.86309.75196.99136.37
No.of shares allotted9,48,00014,22,00023,70,0007,11,60016,59,60047,41,200
Amount (Rs.cr.)10.24 15.36 25.60 7.69 17.92 51.20
No.of allottees586644601,3831,907

IPO Shares Offered

Megatherm Induction IPO is a public issue of 0.47 Cr equity shares. The issue offers 0.17 Cr shares to retail investors, 0.24 Cr shares to qualified institutional buyers, and 0.07 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
Market Maker2,50,8002.71 5.02%
QIB 23,70,00025.60 47.48%
    Anchor 14,22,000 15.36 28.49%
    QIB (Ex Anchor) 9,48,000 10.24 18.99%
NII* 7,11,6007.69 14.25%
Retail16,59,60017.92 33.25%
Total49,92,00053.91 100%

Megatherm Induction IPO Anchor Investor Allocation

A total of 14,22,800 shares at a price of Rs 108 per share will be allotted to the anchor investors.

Anchor investors bid opening dateJan 25, 2024
Anchor investor price₹108.00
Anchor investors as % of QIBs60.00%
No. of shares locked-in for 30 days7,11,000
No. of shares locked-in for 90 days7,11,000
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 MERU INVESTMENT FUND PCC-CELL 1 MERU INVESTMENT 2,88,800 3.12 20.30 5.79
2 BENGAL FINANCE & INVESTMENT PVT.LTD. BENGAL FINANCE & INVESTMENT 2,78,400 3.01 19.57 5.58
3 CHHATTISGARH INVESTMENTS LTD. CHHATTISGARH INVESTMENTS 2,78,400 3.01 19.57 5.58
4 ZINNIA GLOBAL FUND PCC-CELL DEWCAP FUND ZINNIA GLOBAL FUND PCC 2,78,400 3.01 19.57 5.58
5 QUANTUM-STATE INVESTMENT FUND QUANTUM-STATE 1,95,600 2.11 13.75 3.92
6 FINAVENUE GROWTH FUND FINAVENUE 1,03,200 1.11 7.25 2.07
14,22,80015.3710028.50

IPO Subscription FAQs

The Megatherm Induction IPO is subscribed 196.11 times by Jan 31, 2024 19:30.

Megatherm Induction IPO Subscription

Investor Category Subscription (times)
Qualified Institutional105.14
Non Institutional307.04
Retail Individual200.51
Total Subscription196.11

Retail category of Megatherm Induction IPO subscribed 200.51 times as of date Jan 31, 2024 19:30. The public issue closes on Wed, Jan 31, 2024 for bidding.

An investor can apply in Megatherm Induction IPO online via bank (using ASBA) or the broker (using UPI). The Megatherm Induction IPO shares are offered online only.

The Megatherm Induction IPO is subscribed 196.11 times by Jan 31, 2024 19:30.

The Megatherm Induction IPO allotment status is expected on or around Thursday, February 1, 2024. Visit Megatherm Induction IPO allotment status to check.

The Megatherm Induction IPO listing date is February 5, 2024. The equity share of Megatherm Induction IPO will list on NSE SME.

Visit Megatherm Induction IPO subscription status page for real-time bidding information about Megatherm Induction IPO.

Megatherm Induction IPO Timetable

IPO opens OnMonday, January 29, 2024
IPO Closes OnWednesday, January 31, 2024
Finalisation of Basis of AllotmentThursday, February 1, 2024
Initiation of RefundsFriday, February 2, 2024
Credit of Shares to Demat AccountFriday, February 2, 2024
IPO Listing DateMonday, February 5, 2024
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