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January 29, 2024 - January 31, 2024

Megatherm Induction IPO FAQ

Megatherm Induction IPO Date & Price

The Megatherm Induction IPO opens on January 29, 2024 and closes on January 31, 2024.

Megatherm Induction IPO timetable / schedule is as below:
  • Bid/Offer Opens On: January 29, 2024
  • Bid/Offer Closes On: January 31, 2024
  • Finalization of Basis of Allotment: February 1, 2024
  • Initiation of refunds: February 2, 2024
  • Credit of Equity Shares: February 2, 2024
  • Listing Date: February 5, 2024

Megatherm Induction IPO price is set at ₹108 per equity share.

Megatherm Induction IPO will close for subscription at 5 PM on January 31, 2024. But most brokers stop accepting application between 1 PM to 3 PM.

The Megatherm Induction IPO starts on January 29, 2024. The issue ends on January 31, 2024.

Megatherm Induction IPO Issue Size and Subscription Status

The Megatherm Induction IPO size is 4992000 Equity Shares of ₹10 aggregating up to ₹53.91 Cr.

Megatherm Induction Limited is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for Megatherm Induction IPO shares through the banks (using ASBA) or through the broker (using UPI).

Megatherm Induction IPO Offer Size

Qualified Institutional Buyers (QIB)948,000 Shares
Non-Institutional Investors (NII)711,600 Shares
Retail Individual Investor (RII)1,659,600 Shares
Employee Reservations0 Shares
Other Reservations0 Shares
Total Issue Size3,319,200 Shares

Megatherm Induction IPO IPO Subscription Status

Qualified Institutional Buyers (QIB)105.14 times times
Non-Institutional Investors (NII)307.04 times times
Retail Individual Investor (RII)200.51 times times
Employee Reservations times
Other Reservations times
Total Issue Size196.11 times times

Click here to check the Megatherm Induction IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in Megatherm Induction IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check Megatherm Induction IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

Megatherm Induction IPO Allotment and Listing

The Megatherm Induction IPO allot status will be available online on February 1, 2024. Check the Megatherm Induction IPO Allotment Status here.

Click here to check Megatherm Induction IPO Allotment Status.

Megatherm Induction IPO listing Date is February 5, 2024. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The Megatherm Induction IPO listing date and time is published by the exchange in a circular.

Click here to view the Megatherm Induction IPO Basis of Allotment.

It is hard to say at what price Megatherm Induction IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The Megatherm Induction IPO shares will list on February 5, 2024 at NSE SME.

Megatherm Induction IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about Megatherm Induction IPO which could help you with questions like Megatherm Induction IPO buy or not? You should also read Megatherm Induction IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

Megatherm Induction IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the Megatherm Induction IPO performance. The performance reports are available 1 day after listing.