Bumper Debut | Megatherm Induction lists at 83% premium over IPO price!
Mon, Feb 5, 2024 2:45 PM

Bumper Debut | Megatherm Induction lists at 83% premium over IPO price!

A Flip by Avya Verma
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Megatherm Induction had a successful IPO listing on February 5, with a premium of 83.3% over the issue price. The stock opened at Rs 198 and was trading at a 100% premium in the grey market before listing. The offer saw strong subscription, with non-institutional investors buying 307 times their allotted shares. The company plans to use the proceeds to fund capital expenditure.

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