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With a market cap of around ₹450 crore, Megatherm Induction Limited specializes in manufacturing induction heating and melting products, operating as a subsidiary of Megatherm Electronics Private Limited.

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Megatherm Induction IPO received an overwhelming response from investors. The SME IPO was subscribed a total of 196 times on the final day of bidding. The allotment for the Megatherm Induction IPO is expected to be finalized on Thursday, February 1, 2024.

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