Madhav Copper Limited IPO (Madhav Copper NSE SME IPO) Detail

Jan 23, 2017 - Jan 27, 2017

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.

Objects of the Issue

The object to the Issue is to fulfil Working Capital requirements and General Corporate Purpose.

Madhav Copper NSE SME IPO Details

IPO Date Jan 23, 2017 to Jan 27, 2017
Listing Date Monday, February 6, 2017
Face Value ₹10 per share
Price ₹81 per share
Lot Size 1600 Shares
Issue Size553,600 shares of ₹10
(aggregating up to ₹4.48 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

Madhav Copper NSE SME IPO Lot Size

The Madhav Copper NSE SME IPO 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
Retail (Min) 1 1600 ₹129,600
Retail (Max) 1 1600 ₹129,600

Madhav Copper NSE SME IPO Review

Issue appears to have been reasonably priced. Cash surplus investors may consider long term investment. Read detail review...

Madhav Copper NSE SME IPO Prospectus

Madhav Copper NSE SME IPO Rating

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Madhav Copper NSE SME IPO Listing Date

Listing Date Monday, February 6, 2017
BSE Script Code
NSE Symbol MCL
Listing In
ISIN INE813V01014
IPO Price ₹81 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Madhav Copper Limited
Plot No. 2107/D, Office No. 203,
2nd Floor, D&I Excelus,
Waghawadi Road, Bhavnagar, Gujarat 364001
Phone: +91 278 2221034

Madhav Copper NSE SME IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Madhav Copper NSE SME IPO Review

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Madhav Copper NSE SME IPO FAQs

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 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 .

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.

The Madhav Copper NSE SME IPO listing date is on Monday, February 6, 2017.
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Madhav Copper NSE SME IPO Message Board

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30. DURAISWAMY |   Link |Feb 6, 2017 8:56:41 PM
Snowman Logistics Limited has informed the Exchange that the Company has signed a Memorandum of Understanding with The Government of Andhra Pradesh on January 28, 2017 at the 2nd Sunrise Andhra Pradesh Investment Meet & 23rd edition of CII Partnership Summit in connection with setting up of a temperature controlled warehouse at Sri City, a special economic zone located in Chittoor District, Andhra Pradesh involving an investment of approximately Rs.30 Crores. Snowman plans to build a 10000 pallet position multi-temperature cold storage in phased manner, starting with 5000 pallet positions in phase-I. The project will be financed mostly from internal accruals. The facility is expected to cater to the existing and upcoming food processing units
29. DURAISWAMY |   Link |Feb 6, 2017 8:55:27 PM
SNOWMAN LOGISTICS Results 07-Feb-2017
Inter-alia, to approve the Unaudited Financial Results of the Company for the quarter and half year ended December 31, 2016.
28. Dharmesh bhai |   Link |Feb 6, 2017 6:30:49 PM
Dmart 90/95 application 750/800
27. Mr.Manglani |   Link |Feb 6, 2017 4:54:01 AM
27.1. Apex |   Link |Feb 6, 2017 6:36:34 AM
Not possible as today''s circuit limit is up to 97.2 so it is not exceed circuit limit for today.
Enjoy happy and gainful listing.
26. alkesh shah |   Link |Feb 3, 2017 5:21:11 PM
any premium of Madhav copper? what shoul open rate on monday?
25. Pavanparmar |   Link |Feb 2, 2017 1:58:04 PM
24. VINIT MUNDRA |   Link |Feb 2, 2017 8:05:53 AM
Very Bad allotment not got a single allotment. Lets see now how the listing happen!!But now sme participation has increased because of that reason the allotment has not got in demat.
23. Allan |   Link |Feb 1, 2017 5:48:38 PM
Top Contributor Top Contributor (200+ Posts)
I am new to SME Ipos....but im not sure why Chittorgarh does not put the Subscription figs like they do for Mainstream IPOs....Also Can this be bought and sold online? I understand one can buy it through Axis bank online, Lets say my demat account is in ICICI....will i receive the shares in my ICICI demat and more importantly can i sell online on ICICI....Members Please guide
23.2. Allan |   Link |Feb 2, 2017 12:30:29 PM
Top Contributor Top Contributor (200+ Posts)
Thanks @IPO hunter, I just spoke to an exec in ICICI bank and they say they do not support, which are the banks that support NSE and BSE.

Also where do I see subscription levels fr past SME IPOs
23.3. IPOHunter |   Link |Feb 2, 2017 3:56:03 PM
Union Bank of India is one such bank who supports asba application for sme IPOs of NSE as well as BSE. RKSV supports trading in SME stocks. Dont know about others. You can find out by futher research.
Subscription figures can be had from comments section of IPO page of relevant IPO on Chittorgarh dot com.
22. M.Patel |   Link |Jan 31, 2017 6:23:19 PM
Hello Sir,
When is the Allotment of Madhav Copper Ltd IPO
21. DarkHorse |   Link |Jan 30, 2017 2:10:30 PM
@septa sir, Your views on Madhav copper?
20. lakshya agg |   Link |Jan 30, 2017 12:31:22 PM
19. IPO GRUP |   Link |Jan 30, 2017 12:33:25 AM
Madhav copper ka GMP keya hy Bhavnagar me keya rate chal raha hy kostak ka??????
18. IPO GRUP |   Link |Jan 30, 2017 12:30:36 AM
Madhav copper ka GMP keya hy Bhavnagar me keya rate chal raha hy kostak ka??????
17. IPO GRUP |   Link |Jan 29, 2017 8:22:19 AM
now madhav gmp per share and kostak tradebal rate and volium
16. Mr.Manglani |   Link |Jan 28, 2017 8:33:22 AM
15. sam SUNIL |   Link |Jan 27, 2017 10:01:32 PM
GMP ???
14. Gomzee |   Link |Jan 27, 2017 5:46:33 PM
10 times subscribe....
13. Riyaz kathiwalaRK |   Link |Jan 27, 2017 5:21:48 PM
You can apply with idbi bank
12. KARTHIKEYAN T |   Link |Jan 27, 2017 9:49:42 AM
No . It cant be applied online in any bank a/c for sme shares.
Only manual application to the best of my knowledge.
12.1. rushabh mehta |   Link |Jan 28, 2017 12:55:48 AM
You can apply online. BSE SME through state bank of India. Not sure about NSE SME
11. Sultan Mirza |   Link |Jan 26, 2017 12:29:00 PM
Madhav Copper Limited subscription As on 25-Jan-2017 23:50:18 IST

Total Issue Size :      553600
Total Bids Received :      1139200
No. of times issue is subscribed :      2.06