Madhav Copper IPO


Madhav Copper IPO


Madhav Copper Logo

Bhavnagar-based Madhav Copper is an ISO 9001:2008 certified company, engaged in the manufacturing and supply of enamelled copper wire and poly wrap submersible winding wire under the brand name – Madhav Copper. The company offers enamelled, copper rod profile and poly-wrap submersible winding wires suitable for industry application in transformers, motors, alternators, contactors, and relays. Its  wires are 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.

Madhav Copper’s manufacturing facility is situated at Plot No. 5-B/B, Block No. 226-27, Survey No. 346-47, Near Kobdi, Ukharla, Talaja Road, Bhavnagar, Gujarat, India 364050 and its registered office is situated at Plot No. 2107/D, Office No. 203, 2nd Floor, D&I Excellus, Waghawadi Road, Bhavnagar, Gujarat, India 364001.

Promoters of Madhav Copper – Nilesh Patel, Rohit Chauhan and Divya Monpara

Madhav Copper IPO details

Subscription Dates 23 – 27 January 2017
IPO Price  INR81 per share
Number of shares 553,600 shares
Total IPO size INR4.48 crore
Minimum bid (lot size) 1,600 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge (SME platform)


Madhav Copper’s  financial performance (in INR lakh)

FY2014 FY2015 FY2016
Total revenue 112.1 1,968.8 3,563.8
Total expenses 173.9 1,918.7 3,474.3
Profit after tax -42.7 34.6 65.9


Madhav Copper Limited
Plot No. 2107/D, Office No. 203, D&I Excelus, Waghawadi Road
Bhavnagar 364 001

Phone: +91 278 222 1034
Email: [email protected]

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5207
[email protected]

Madhav Copper IPO allotment status will be available on available on Bigshare Services Private Limited website. Click on this link to get allotment status.

IPO Opening Date: 23 January 2017

IPO Closing Date:  27 January 2017

Listing Date: 6 February 2017

Listing Price on NSE:  INR90.5 per share (11.7% profit over IPO price)

Closing Price on NSE:  INR93.8 per share (15.8% profit over IPO price)


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