Megatherm Induction units IPO worth band at Rs 100-108/share
Equipment maker Megatherm Induction on Saturday stated it has fastened a worth band of Rs 100 to Rs 108 per share for its Preliminary Public Providing (IPO).
The difficulty will open for public subscription on January 25 and conclude on January 30, the corporate stated in an announcement.
The general public challenge is fully a contemporary challenge of 49.92 lakh fairness shares, it stated.
On the upper-end of the value band, the corporate goals to boost about Rs 53.91 crore from the general public challenge.
The corporate’s shares are scheduled to record on the NSE Emerge platform.
The only real book-running lead supervisor to the problem is Hem Securities Ltd, whereas Bigshare Providers Pvt Ltd is the registrar for the IPO.
The difficulty proceeds might be utilized in funding capital expenditure in direction of development of a manufacturing unit shed and set up of further plant and equipment, to fulfill working capital necessities and basic company functions.
Megatherm Induction is a subsidiary of Megatherm Electronics.
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The corporate additionally manufactures upstream and downstream gear and equipment for steelworks, reminiscent of transformers, ladle refining furnaces, steady casting machines, fume extraction methods, and so on., in addition to electrical arc furnaces for the alloy and particular metal business.
