Madhav Copper Ltd FPO

Madhav Copper FPO

Madhav Copper Ltd FPO is a NSE SME FPO, which is open for all investors from 27th January 2020, Monday to 30th January 2020, Thursday. Promoters are offering 2,499,600 equity shares to public through this issue which is worth of Rs 25.50 Crores. For other FPO details on Madhav Copper Ltd FPO, scroll below

IPO Details

Grey Market Premium of Madhav Copper Ltd FPO

GMP of Madhav Copper Ltd FPO is currently Not Available. Grey Market Premium will be updated once it’s available

Allotment Status of Madhav Copper Ltd FPO

Company Background

Madhav Copper Ltd FPO is a Bhavnagar based copper products manufacturer & supplier, with an annual revenue of Rupees 94.3448 crores.

  • Company was listed at NSE Emerge in 2017
  • Company has ISO 9001:2015 & 14001:2015 certification
  • Company as 46 employees on its payroll for managing operations
  • Company has insurance to mitigate its normal risks. The company has purchased following insurance :- Marine Cargo Insurance Policy, Burglary & Housebreaking policy, Workmen compensation Insurance policy & Standard Fire & Special Peril Policy

Date of Incorporation

Madhav Copper Ltd FPO was incorporated as a Private Limited company on 19th November 2012. After a series of changes , company was finally converted into a public limited company on August 17th 2016 with a Corporate Identification Number, L27201GJ2012PLC072719

Promoters of Madhav Copper Ltd

Nilesh Patel, Rohit Chauhan & Divya Monpara are the promoters of the company

Product & Services Offered

Madhav Copper Ltd FPO offers following products & services to its clients:-

  • Company manufactures & supplies supply of copper bus bars, copper rods, strips, anodes, sections, enamelled copper wire, and poly wrap submersible winding wire
  • Company offers services to assist electrical winding designers in overcoming electrical equipment short-circuit problems and winding making.

Clientele base of the company

Company caters clients’ spread across different sectors like

  • Power generation, transmission, distribution & electronic industries
  • Company also caters B2C needs by selling its wiring solutions

Purpose of this IPO

Purpose of the issue:

  • Purchase plant & machinery
  • Repayment of availed loans
  • To meet up the working capital requirements of the company
  • General corporate purposes

Madhav Copper Ltd FPO Issue Details

Issue Details
Issue Open 27th January 2020, Monday Issue Close 30th January 2020, Thursday
Issue Type Book built FPO Issue Face Value Rs 10 Per Equity Share
Price Band Rs 100 – Rs 102 Per Equity Shares Bid Lot & Minimum order quantity 1200 Shares
Issue Size Rs 25.50 Crore Listing at NSE, SME

Madhav Copper Ltd FPO Timeline

Tentative IPO Timeline
Bid Opens on 27th January 2020, Monday Bid Closes on 30th January 2020, Thursday
Finalization of basis of allotment 4th February 2020, Tuesday Initiation of Refunds 5th February 2020, Wednesday
Credit of shares to demat account 6th February 2020, Thursday Listing Date 7th February 2020, Friday

Company Financials

For the year/period ended (₹ in Lakhs)
30-Sept-19
31-Mar-19
31-Mar-18
31-Mar-17
Total Assets 4,910.30 4,550.17 2,363.78 2,271.51
Total Revenue 9,434.48 21,305.04 16,910.63 7,162.87
Profit After Tax 260.13 421.42 196.23 86.38

Ratings & Reviews of Madhav Copper Ltd FPO

This FPO is yet to be rated

Investors are advised to conduct proper due diligence before investing in this IPO

Litigation Details

As per the information available, following is the status of litigation related to the company.

Name of Entity*
Criminal Proceedings
Tax proceedings
Statutory/ Regulatory proceedings
Other Material Proceedings
Aggregate amount involved ^ (₹ in million)
Company
By the Company NIL NIL NIL NIL NIL
Against the Company NIL NIL 3 NIL .009
Directors (other than Promoters)
By the Directors NIL NIL NIL NIL NIL
Against the Directors NIL NIL NIL NIL NIL
Promoters
By the Promoter NIL NIL NIL NIL NIL
Against the Promoter NIL NIL NIL NIL NIL
Group Companies
By the group companies NA NA NA NA NA
Against the group companies NA NA NA NA NA
Subsidiary
By the subsidiary NA NA NA NA NA
Against the subsidiary NA NA NA NA NA

Red Herring Prospectus of Madhav Copper Ltd FPO

Bidding Status

Bidding Status
Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
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Day 1 —- —- —- —- —- —-
Day 2 – —- —- —- —- —- —-
Day 3 – —- —- —- —- —- —-

Listing Day Information

Listing Day Trading Information
BSE NSE
Issue Price
Open
Low
High
Last Trade
Volume

IPO Lead Managers

  • Pantomath Capital Advisors Pvt Ltd. is managing the IPO for the company

Address of Madhav Copper Ltd FPO

Madhav Copper Ltd
Plot No. 2107/D, Office No. 203,
2nd Floor, D&I Excelus,
Waghawadi Road, Bhavnagar, Gujarat 364001

Phone: +91 278 2221034

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