Megatherm Induction Limited — Important, 13-06-2025: Updates

Megatherm Induction Limited has utilized ₹27.10 Cr of its ₹53.91 Cr IPO proceeds, primarily for factory and machinery capex (₹12.12 Cr) and working capital (₹9.16 Cr). Issue expenses are fully spent, with minimal drawdown on general corporate purposes. Around ₹26.81 Cr remains parked in fixed deposits and bank accounts, reserved for future planned uses. The company demonstrates disciplined capital allocation aligned with its IPO objectives.