Madhav Copper Ltd FPO (Madhav Copper FPO) Detail

Jan 27, 2020 - Jan 30, 2020

Incorporated in 2012, Gujarat based Madhav Copper Ltd (MCL) is engaged in the manufacturing and supply of copper bus bars, copper rods, strips, anodes, sections, enamelled copper wire, and poly wrap submersible winding wire. The copper material produced by the company is used in mechanical and electrical fields for power distribution, generation, transmission and electronic industries.

The company also offers services to assist electrical winding designers in overcoming electrical equipment short-circuit problems and winding making. Madhav Copper Ltd follows the National and International standards such as IES, BS, JIS, NEMA, and ASTM. The manufacturing unit of MCL is situated at Bhavnagar, Gujarat.

The company was listed on NSE Emerge in 2017 to raise funds for working capital requirements and improve brand image. Currently, the company has an Indian Railway project to supply copper products of various sizes and specifications.

Key Strengths

1. Quality products
2. Manufacturing unit in Gujarat
3. Long term client relationship


Company Promoters:

Nilesh Patel, Rohit Chauhan and Divya Monpara are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ in Lakhs)
30-Sept-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 4,910.30 4,550.17 2,363.78 2,271.51
Total Revenue 9,434.48 21,305.04 16,910.63 7,162.87
Profit After Tax 260.13 421.42 196.23 86.38

Objects of the Issue:

The company proposes to utilize the net proceeds towards the following objects:

1. Purchase of Plant & Machinery
2. Prepayment/ Repayment of certain secured borrowings of the company
3. Funding the working capital requirements
4. General Corporate Purposes

Madhav Copper FPO Details

IPO DateJan 27, 2020 - Jan 30, 2020
Issue TypeBook Built Issue FPO
Issue Size2,499,600 Eq Shares of ₹5
(aggregating up to ₹25.50 Cr)
Fresh Issue2,499,600 Eq Shares of ₹5
(aggregating up to ₹25.50 Cr)
Face Value₹5 Per Equity Share
IPO Price₹100 to ₹102 Per Equity Share
Market Lot1200 Shares
Min Order Quantity1200 Shares
Listing AtNSE SME
P/E (x)53
Market Cap (₹ Cr.)276.86

Madhav Copper FPO Tentative Date / Timetable

Bid/Offer Opens OnJan 27, 2020
Bid/Offer Closes OnJan 30, 2020
Finalisation of Basis of AllotmentFeb 4, 2020
Initiation of RefundsFeb 5, 2020
Credit of Shares to Demat AcctFeb 6, 2020
IPO Shares Listing DateFeb 7, 2020

Madhav Copper FPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum11200₹122,400
Maximum11200₹122,400

Madhav Copper FPO Promoter Holding

Pre Issue Share Holding73.04%
Post Issue Share Holding63.83%

Madhav Copper FPO Subscription Status (Bidding Detail)

Madhav Copper FPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,186,800

1,186,800

2,373,600

Jan 30, 2020 18:00

1.72x

1.77x

1.74x

Madhav Copper FPO Prospectus

Madhav Copper FPO Rating

81
4.2
Rating:Rated 4.2 stars

Vote Here ...

Madhav Copper FPO Listing Date

Listing DateThursday, February 6, 2020
BSE Script Code
NSE SymbolMCL
Listing In
ISININE813V01022
IPO Price₹102 Per Equity Share
Face Value₹5 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹102.00
Open:₹102.00
Low:₹98.10
High:₹102.00
Last Trade:₹99.75
Volume:28,800

Madhav Copper FPO Reviews / Ratings

Company Contact Information

Madhav Copper Ltd
Plot No. 2107/D, Office No. 203,
2nd Floor, D&I Excelus,
Waghawadi Road, Bhavnagar, Gujarat 364001

Phone: +91 278 2221034
Email: investors@madhavcopper.com
Website: http://www.madhavcopper.com

Madhav Copper FPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Madhav Copper FPO FAQs

  1. 1. What is Madhav Copper FPO?

    Madhav Copper FPO is a SME FPO of 2,499,600 equity shares of the face value of ₹5 aggregating up to ₹25.50 Crores.

    The issue price of the FPO is ₹100 to ₹102 Per Equity Share. The minimum order quantity is 1200 Shares per application and the offer type is Book Built Issue.

    The FPO opens on Jan 27, 2020 and closes on Jan 30, 2020.

    Bigshare Services Pvt Ltd is the registrar for the FPO. The shares are proposed to be listed on NSE SME.

  2. 2. When Madhav Copper FPO will open?

    The Madhav Copper FPO opens on Jan 27, 2020 and closes on Jan 30, 2020.

  3. 3. How to apply for Madhav Copper FPO?

    Madhav Copper FPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Madhav Copper FPO allotment?

    The finalization of Basis of Allotment for Madhav Copper FPO will be done on Feb 4, 2020, and the allotted shares will be credited to your demat account by Feb 6, 2020. Check the Madhav Copper FPO allotment status.

  5. 5. When is Madhav Copper FPO listing date?

    The Madhav Copper FPO listing date is on Thursday, February 6, 2020, at NSE SME.
  6. 6. What is the lot size of Madhav Copper FPO?

    Madhav Copper FPO lot size is 1200 Shares and the minimum order quantity is 1200 Shares.

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Madhav Copper FPO Review / Comments

HEMIPO
26. HEMIPO  Feb 11, 2020 06:20 I Like It. | I Don't Like It. | Report Abuse Reply
Madhav copper fpo price 102 .....cmp 73/- ..
Small Investor
26.3. Small Investor  Feb 12, 2020 10:28 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Do't wait the lavel of 150,if you got your Issue price then you exit ,its SME not main board
baki to aap samjhdar ho
Dinesh Singh
26.4. Dinesh Singh  Feb 12, 2020 14:07 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
This is promoter driven stock. The one year high is 358.
Today there is UC at 98.80.
Tomorrow it will go above issue price.
But I will wait for few days more.
No risk no game.
Dinesh Singh
25. Dinesh Singh  Feb 7, 2020 08:46 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
It will difinately go above 102 level.
Don't sell. Wait for only few days.
Dinesh Singh
25.4. Dinesh Singh  Feb 7, 2020 11:23 I Like It. 1 | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Dear Small,
It is part of game. Some you win some you loose.
I am still holding 1 lot and will sell in profit only
Will wait for 1 weeks time.

Small Investor
25.5. Small Investor  Feb 10, 2020 13:34 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Dear Dinesh Yet you Hold your MCL Allotment ?
BLR
24. BLR  Feb 7, 2020 05:40 I Like It. | I Don't Like It. | Report Abuse Reply
Oh !! Missed. I thought listing will be today otherwise I would have exit at 102. Now i will wait for few days with SL at 95
BLR
24.3. BLR  Feb 7, 2020 13:14 I Like It. | I Don't Like It. | Report Abuse
True . lost 7*1200 . even i checked yesterday 9:15 am my holdings it was not showing . Date was showing here 7th Feb . As dinesh said may be it will comes up but i don't want take risk . This money i will recover from other stocks
Small Investor
24.4. Small Investor  Feb 7, 2020 13:29 I Like It. 1 | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Dear BLR
Pantamath aajkl bakwas LM ho gya h
BLR
23. BLR  Feb 7, 2020 11:06 I Like It. | I Don't Like It. | Report Abuse Reply
SL hits
Small Investor
22. Small Investor  Feb 6, 2020 10:06 I Like It. | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Jisne bhi is FPO m apply kiya tha and usko Allotment nhi mila h to wo best price 98-99 pr buy kr skta h but
ye stock sayd 100 se niche hi list ho skta h agar aaj closing 102 nhi hui to pkka loss hoga alloties ko ,aaj agar is price pr bhi koi NII stock buy nhi kr rha h to bhla listing pr 102 se upar kyo buy krega
BLR
21. BLR  Feb 5, 2020 09:21 I Like It. | I Don't Like It. | Report Abuse Reply
Got 1 lot . today's low is 96.95 . Current price is 101.95 . Issue price is 102 . Now we have to see how LM will going to handle this script on listing day .
dipandesai
20. dipandesai  Feb 4, 2020 15:45 I Like It. | I Don't Like It. | Report Abuse Reply
MADHAV COPPER TODAY CLOSE 100.70. FPO PRICE :- 102.
Small Investor
20.1. Small Investor  Feb 4, 2020 16:36 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
low also 99+
its should be list 100-103 price
hchc
19. hchc  Feb 4, 2020 15:52 I Like It. | I Don't Like It. | Report Abuse Reply
Debit started
Sayan
18. Sayan  Feb 4, 2020 15:05 I Like It. | I Don't Like It. | Report Abuse Reply
Allotment result out..
hchc
17. hchc  Jan 30, 2020 15:53 I Like It. | I Don't Like It. | Report Abuse Reply
Applied 1 lot
Sayan
16. Sayan  Jan 30, 2020 15:35 I Like It. | I Don't Like It. | Report Abuse Reply
Applied 2 Lots.
BLR
15. BLR  Jan 30, 2020 09:03 I Like It. | I Don't Like It. | Report Abuse Reply
Applied two lots based on LM performance . It is high volatile stock. in last two year price fallen from 110 to 35 . again it recovered from 35 to 140 . now trading at 111. 102 is good level to buy ( price which is offered here ) on technical chart .
Small Investor
15.2. Small Investor  Jan 30, 2020 11:54 I Like It. 1 | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Dear BLR
MCL Rich now 108 lavel from 124 when mcl fpo information come in market its may be reach 100-105 and its last price of mcl
BLR
15.3. BLR  Jan 30, 2020 15:13 I Like It. | I Don't Like It. | Report Abuse
Dear Small Investor : Taken calculated risk. Let's we will see.
Small Investor
14. Small Investor  Jan 30, 2020 14:04 I Like It. | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Dear Raja, Dinesh appply in MCL ?
Dinesh Singh
14.1. Dinesh Singh  Jan 30, 2020 14:52 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Dear Small,
Applied 1 lot.
Small Investor
14.2. Small Investor  Jan 30, 2020 14:56 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
i skip
MAYUKH RANJAN PAUL
13. MAYUKH RANJAN PAUL  Jan 27, 2020 09:22 I Like It. | I Don't Like It. | Report Abuse Reply
Can any body suggests me any good brocker(s) for applying in SME/Emerging IPOs as Zerodha only provides application for mainboard IPOs. Thanks in advance.
DownriteVJ
13.3. DownriteVJ  Jan 30, 2020 12:02 I Like It. 1 | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
ICICI Sec or HDFC Sec
Dinesh Singh
13.4. Dinesh Singh  Jan 30, 2020 12:25 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
ICICI Securities does not deel with SPE IPO
Small Investor
12. Small Investor  Jan 30, 2020 12:07 I Like It. | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
kisi k pass sona hi sona jewels ipo h to sell it with profit of rs 40000
buyer @ 14
DownriteVJ
11. DownriteVJ  Jan 30, 2020 12:05 I Like It. 1 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
108 Now. Skipping makes more sense now.
TheLearner
10. TheLearner  Jan 29, 2020 19:32 I Like It. | I Don't Like It. | Report Abuse Reply
APPLY FOR GOOD LISTING GAIN
K joshi
9. K joshi  Jan 28, 2020 20:53 I Like It. 2 | I Don't Like It. | Report Abuse Reply
1) earlier ipo was for working capital and brand image and now for expansion with additional working capital and repay loan
2) explain logic - raise fund for working capital and same time reduce term loan . Why same not use for working capital
3) profit and sales in last 6 months more than 12 months and profit improve then why to reduce term loan
4) why so jump in sales in six months give major Party sales order

Above show not worth to invest
Dinesh Singh
8. Dinesh Singh  Jan 28, 2020 10:11 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Price is drifting towards lower near to issue price.
Can be avoided now.
RAJAKUMAR
7. RAJAKUMAR  Jan 27, 2020 09:26 I Like It. | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Dear Dinesh
If operator holds the rate above issue price then it may be good.
Are you applying.
Dinesh Singh
7.1. Dinesh Singh  Jan 27, 2020 12:48 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Dear Raja,
I intend to apply on last day.






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