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Madhav Copper IPO
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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
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Madhav Copper IPO details |
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| 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) |
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Madhav Copper’s financial performance (in INR lakh) |
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| 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 |
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Madhav Copper Limited
Plot No. 2107/D, Office No. 203, D&I Excelus, Waghawadi Road
Bhavnagar 364 001
Phone:Â +91 278 222 1034
Email:Â [email protected]
Website: www.madhavcopper.com
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22Â 4043 0200Â
Fax: +91 22Â 2847Â 5207
Email: [email protected]
Website: http://bigshareonline.com
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: 23Â January 2017
IPO Closing Date:Â Â 27 January 2017
Listing Date: 6 February 2017
Listing Price on NSE: Â INR90.5 per share (11.7% profit over IPO price)
Closing Price on NSE: Â INR93.8 per share (15.8% profit over IPO price)
