Megatherm Induction News Today

Shares of Megatherm Induction listed with a massive premium of 108% earlier this week. Post the debut, the stock jumped further and is currently trading at Rs 252 apiece, up nearly 133% over the issue price.

Kalyan Jewellers India saw huge activity in bulk deals, while Cohesion Investments and Madhusudan Kela JV, Cohesion MK Best Ideas Sub-Trust picked up Rs 8.49 crore worth of shares in Indiabulls Housing Finance.

In the coming week, the market may see some consolidation after a recent rally and maintain caution ahead of RBI policy, but overall, the sentiment seems to be in favour of bulls given the positive global cues, experts said.

Primary Market | Five companies will be raising Rs 2,700 crore through initial public offerings next week.

Megatherm Inductions IPO received a strong response from investors, with a subscription rate of 190 times. The company is set to finalize the IPO allotment today. Investors can check the status of the Megatherm Induction IPO allotment on the official website of the registrar, Bigshare Services. In the unlisted market, Megatherm Induction shares are trading at a premium of Rs 135, compared to the issue price of Rs 108.

Megatherm Induction IPO will likely list on NSE SME with a tentative listing date fixed as Monday, February 5, 2024.

Fonebox Retail, Docmode Health Technologies and Delaplex IPOs saw a massive triple-digit subscription on January 30, the final day of bidding

Megatherm Induction initial public offering (IPO) will open for subscription today- January 29- and will close on January 31. The small and medium enterprises (SME) IPO by the induction heating equipment maker is a book built issue of ₹53.91 crores and is entirely a fresh issue of 49.92 lakh shares. Here's everything you need to know about

Megatherm Induction IPO opened today with a target to raise Rs 54 crore through a fresh equity issue of up to 42.9 lakh shares. The company manufactures induction heating and melting products for the growing secondary steel sector in India. The IPO price band is set at Rs 100-108 per share, with a lot size of 1,200 shares. The funds raised will be used for construction, working capital, and general corporate purposes. The IPO is open until January 31, and the listing is expected on February 5.

Baweja Studios Rs 97-crore IPO is the biggest of the lot, which comprises fresh issues of up to 54 lakh shares. The company has fixed a price band in the range of Rs 170-180 apiece, where investors can bid for 800 shares in one lot.