January 29, 2024 - January 31, 2024

Megatherm Induction IPO Subscription Details

Megatherm Induction IPO Subscription Status Live

Megatherm Induction IPO subscribed 196.11 times. The public issue subscribed 200.51 times in the retail category, 105.14 times in QIB, and 307.04 times in the NII category by January 31, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	105.14	948,000	9,96,75,600	1,076.50
Non-Institutional Buyers*	307.04	711,600	21,84,88,800	2,359.68
Retail Investors	200.51	1,659,600	33,27,64,800	3,593.86
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	196.11	3,319,200	65,09,29,200	7,030.04

Total Application : 277,304 (200.51 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 250,800 equity shares not included.

Megatherm Induction IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 January 29, 2024	1.00	9.17	19.38	11.94
Day 2 January 30, 2024	1.53	56.15	87.75	56.35
Day 3 January 31, 2024	105.14	307.04	200.51	196.11

Megatherm Induction IPO Shares Offered

Megatherm Induction IPO is a public issue of 4,992,000 equity shares. The issue offers 1,659,600 shares to retail investors, 948,000 shares to qualified institutional buyers, and 711,600 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,422,000	15.36	28.49%
Market Maker	250,800	2.71	5.02%
QIB	948,000	10.24	18.99%
NII*	711,600	7.69	14.25%
Retail	1,659,600	17.92	33.25%
Total	4,992,000	53.91	100%

Megatherm Induction IPO Anchor Investor Allocation

A total of 1,422,800 shares at a price of Rs 108 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Meru Investment Fund PCC-Cell 1	288,800	108	20.3	31,190,400
2	Bengal Finance & Investment Pvt. Ltd.	278,400	108	19.57	30,067,200
3	Chhattisgarh Investments Limited	278,400	108	19.57	30,067,200
4	Zinnia Global Fund PCC- Cell Dewap Fund	278,400	108	19.57	30,067,200
5	Quantum-State Investment Fund	195,600	108	13.75	21,124,800
6	FINAVENUE CAPITAL TRUST FINAVENUE GROWTH FUND	103,200	108	7.25	11,145,600
		1,422,800		100	153,662,400

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Megatherm Induction IPO Subscription FAQs

The Megatherm Induction IPO is subscribed 196.11 by January 31, 2024.