Megatherm Induction IPO opens today. Check price band & details.

Megatherm Induction IPO Details:

IPO Size:
- The IPO is a book-built issue with a total value of ₹53.91 crores.
- It comprises entirely of a fresh issue of 49.92 lakh shares.

Subscription Period
- Megatherm Induction IPO opens for subscription on January 29 and closes on January 31.

Price Band and Lot Size:
- Price band: ₹100 to ₹108 per share.
- Minimum lot size for application: 1200 shares.
- Retail investors require a minimum investment of ₹129,600.
- HNI minimum lot size investment: 2 lots (2,400 shares), amounting to ₹259,200.

Promoters:
- Promoters of Megatherm Induction are Shesadri Bhusan Chanda, Satadri Chanda, and Megatherm Electronics Private Limited.

Book Running Lead Manager:
- Hem Securities Limited is the book running lead manager for the Megatherm Induction IPO.
- Bigshare Services Pvt Ltd is the registrar for the issue.

Allotment and Listing:
- Allotment is expected to be finalized on Thursday, February 1.
- The IPO is scheduled to list on NSE SME with a tentative listing date of February 5.