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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

Issue OpenJan 23, 2017 - Jan 27, 2017
Issue TypeFixed Price Issue IPO
Issue Size553,600 Eq Shares of Rs 10
(aggregating up to Rs 4.48 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 81 Per Equity Share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE SME

Madhav Copper NSE SME IPO Prospectus

Madhav Copper NSE SME IPO Rating

Rating:Rated 4.0 stars

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Madhav Copper NSE SME IPO Listing Date

Listing DateMonday, February 6, 2017
BSE Script Code
Listing In
Issue PriceRs 81 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

Issue Price
Last Trade
Issue Price:Rs 81.00
Open:Rs 90.50
Low:Rs 85.00
High:Rs 97.20
Last Trade:Rs 93.80

Madhav Copper NSE SME IPO Reviews / Ratings

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

Phone: +91-22-6263 8200

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Madhav Copper NSE SME IPO Review / Comments

30. DURAISWAMY  Feb 6, 2017 19:56 I Like It. | Report Abuse
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  Feb 6, 2017 19:55 I Like It. | Report Abuse
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.
Dharmesh bhai
28. Dharmesh bhai  Feb 6, 2017 17:30 I Like It. | Report Abuse
Dmart 90/95 application 750/800
27. Mr.Manglani  Feb 6, 2017 03:54 I Like It. | Report Abuse
27.1. Apex  Feb 6, 2017 05:36 I Like It. | Report Abuse
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.
alkesh shah
26. alkesh shah  Feb 3, 2017 16:21 I Like It. | Report Abuse
any premium of Madhav copper? what shoul open rate on monday?
25. Pavanparmar  Feb 2, 2017 12:58 I Like It. | Report Abuse
24. VINIT MUNDRA  Feb 2, 2017 07:05 I Like It. | Report Abuse
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  Feb 1, 2017 16:48 I Like It. | Report Abuse
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  Feb 2, 2017 11:30 I Like It. | Report Abuse
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  Feb 2, 2017 14:56 I Like It. | Report Abuse
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  Jan 31, 2017 17:23 I Like It. | Report Abuse
Hello Sir,
When is the Allotment of Madhav Copper Ltd IPO
21. DarkHorse  Jan 30, 2017 13:10 I Like It. | Report Abuse
@septa sir, Your views on Madhav copper?
lakshya agg
20. lakshya agg  Jan 30, 2017 11:31 I Like It. | Report Abuse
19. IPO GRUP  Jan 29, 2017 23:33 I Like It. | Report Abuse
Madhav copper ka GMP keya hy Bhavnagar me keya rate chal raha hy kostak ka??????
18. IPO GRUP  Jan 29, 2017 23:30 I Like It. | Report Abuse
Madhav copper ka GMP keya hy Bhavnagar me keya rate chal raha hy kostak ka??????
17. IPO GRUP  Jan 29, 2017 07:22 I Like It. | Report Abuse
now madhav gmp per share and kostak tradebal rate and volium
16. Mr.Manglani  Jan 28, 2017 07:33 I Like It. | Report Abuse
15. sam SUNIL  Jan 27, 2017 21:01 I Like It. | Report Abuse
GMP ???
14. Gomzee  Jan 27, 2017 16:46 I Like It. 1 | Report Abuse
10 times subscribe....
Riyaz kathiwalaRK
13. Riyaz kathiwalaRK  Jan 27, 2017 16:21 I Like It. | Report Abuse
You can apply with idbi bank
12. KARTHIKEYAN T  Jan 27, 2017 08:49 I Like It. | Report Abuse
No . It cant be applied online in any bank a/c for sme shares.
Only manual application to the best of my knowledge.
rushabh mehta
12.1. rushabh mehta  Jan 27, 2017 23:55 I Like It. | Report Abuse
You can apply online. BSE SME through state bank of India. Not sure about NSE SME
Sultan Mirza
11. Sultan Mirza  Jan 26, 2017 11:29 I Like It. 2 | Report Abuse
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

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