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Madhav Copper Ltd (MCL) is engaged in the manufacturing and supply of enamelled copper wire and poly wrap submersible winding wire under the brand name ―Madhav Copper‖. MCL also offers enamelled, copper rod profile and poly-wrap submersible winding wires suitable for industry application in transformers, motors, alternators, contactors, and relays. Company’s product is also suitable for use in high speed coil winding machines. The copper conductors are manufactured from copper and insulated with high thermal class engineered insulation material, which provides dielectric properties and resistance to stress cracking.
The manufacturing facility of Madhav Copper Ltd is situated at Plot No. 5-B/B, Block No. 226-27, Survey No. 346-47, Near Kobdi, Ukharla, Talaja Road, Bhavnagar, Gujarat, India.
MCL is promoted by Nilesh Patel who has experience in LME copper trading and Rohitbhai Chauhan who has a decade of experience in the field of copper wire manufacturing.
The object to the Issue is to fulfil Working Capital requirements and General Corporate Purpose.
| IPO Opening Date | Jan 23, 2017 |
| IPO Closing Date | Jan 27, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹81 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | 553,600 Eq Shares of ₹10 (aggregating up to ₹4.48 Cr) |
The Madhav Copper NSE SME IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹129,600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹129,600 |
| Maximum | 1 | 1600 | ₹129,600 |
Issue appears to have been reasonably priced. Cash surplus investors may consider long term investment. Read detail review...
| Listing Date | Monday, February 6, 2017 |
| BSE Script Code | |
| NSE Symbol | MCL |
| Listing In | |
| ISIN | INE813V01014 |
| IPO Price | ₹81 per equity share |
| Face Value | ₹10 per equity share |
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Madhav Copper Limited
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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: http://www.bigshareonline.com
Madhav Copper NSE SME IPO is a SME IPO of 553,600 equity shares of the face value of ₹10 aggregating up to ₹4.48 Crores. The issue is priced at ₹81 per equity share. The minimum order quantity is 1600 Shares.
The IPO opens on Jan 23, 2017, and closes on Jan 27, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Madhav Copper NSE SME IPO opens on Jan 23, 2017 and closes on Jan 27, 2017.
Madhav Copper NSE SME IPO lot size is 1600 Shares and the minimum order quantity is 1600 Shares.
You can apply in Madhav Copper NSE SME IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Madhav Copper NSE SME IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Madhav Copper NSE SME IPO allotment status.
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