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Madhav Copper IPO is a fixed price issue of ₹4.48 crores. The issue is entirely a fresh issue of 0.06 crore shares of ₹4.48 crore.
Madhav Copper IPO bidding started from Jan 23, 2017 and ended on Jan 27, 2017. The shares got listed on NSE SME on Feb 6, 2017.
Madhav Copper IPO price is ₹81.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,29,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,59,200.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Madhav Copper IPO RHP for detailed Information.
| IPO Date | January 23, 2017 to January 27, 2017 |
| Listing Date | February 6, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,53,600 shares (aggregating up to ₹4.48 Cr) |
| Reserved for Market Maker | 28,800 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.2333 Cr) |
| Net Offered to Public | 5,24,800 shares (aggregating up to ₹4.25 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,46,43,200 shares |
| Share Holding Post Issue | 2,71,42,800 shares |
Madhav Copper NSE SME IPO offers total 5,53,600 shares. Out of which 2,62,400 (47.40%) allocated to NII, 2,62,400 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 28,800 (5.20%) |
| NII (HNI) Shares Offered | 2,62,400 (47.40%) |
| Retail Shares Offered | 2,62,400 (47.40%) |
| Total Shares Offered | 5,53,600 (100.00%) |
Madhav Copper IPO opens on January 23, 2017, and closes on January 27, 2017.
| IPO Open Date | Mon, Jan 23, 2017 |
| IPO Close Date | Fri, Jan 27, 2017 |
| Tentative Listing Date | Mon, Feb 6, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 27, 2017 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,29,600 |
| Retail (Max) | 1 | 1,600 | ₹1,29,600 |
| HNI (Min) | 2 | 3,200 | ₹2,59,200 |
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 Company Madhav Copper IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 3.57 |
| 2 | General Corporate Purpose | 0.46 |
[Dilip Davda] Issue appears to have been reasonably priced. Cash surplus investors may consider long term investment. Read detail review...
| Listing Date | February 6, 2017 |
| BSE Script Code | |
| NSE Symbol | MCL |
| ISIN | INE813V01014 |
| Final Issue Price | ₹81 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹90.50 |
| Low | ₹85.00 |
| High | ₹97.20 |
| Last Trade | ₹93.80 |
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
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Madhav Copper IPO is a SME IPO of 5,53,600 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.
The IPO opens on January 23, 2017, and closes on January 27, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Madhav Copper IPO using UPI as a payment gateway. Zerodha customers can apply in Madhav Copper IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Madhav Copper IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Madhav Copper IPO opens on January 23, 2017 and closes on January 27, 2017.
Madhav Copper IPO lot size is 1600, and the minimum amount required for application is ₹1,29,600.
You can apply in Madhav Copper IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Madhav Copper IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Madhav Copper IPO allotment status.
The Madhav Copper IPO listing date is on Monday, February 6, 2017.
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