Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Mon, Jan 23, 2017 - Fri, Jan 27, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jan 23, 2017
IPO Close
Fri, Jan 27, 2017
Issue Price
₹81 per share
Market Cap (Pre-IPO)
₹219.86 Cr
| IPO Date | 23 to 27 Jan, 2017 |
| Listed on | Mon, Feb 6, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 5,53,600 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 28,800 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.2333 Cr) |
| Fresh Issue (Ex Market Maker) | 5,24,800 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 5,24,800 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 2,46,43,200 shares |
| Share Holding Post Issue | 2,71,42,800 shares |
| NSE Symbol | MCL |
| ISIN | INE813V01014 |
Madhav Copper IPO comprises a total issue size of 5,53,600 shares. The net offer to the public is 5,24,800 shares, after excluding 28,800 shares allotted on a firm basis. Of the Net offer 2,62,400 (50.00%) allocated to NII 2,62,400 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,62,400 | 50.00% | 47.40% |
| Retail Shares Offered | 2,62,400 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 28,800 | 5.20% | |
| Total Shares Offered | 5,53,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 3.57 |
| 2 | General Corporate Purpose | 0.46 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.40 |
| 2 | Regulatory fees | 0.03 |
| 3 | Marketing and Other Expenses | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹90.50 |
| Low | ₹85.00 |
| High | ₹97.20 |
| Last Trade | ₹93.80 |
Lead Manager Reports
Madhav Copper IPO is a SME IPO of 5,53,600 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Jan 23, 2017, and closes on Fri, Jan 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 Mon, Jan 23, 2017 and closes on Fri, Jan 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 Mon, Feb 6, 2017.
