Madhav Copper Ltd FPO- Issue Date, Price and Other Details
In the list of Upcoming IPO 2020 Madhav Copper Ltd is planning to launch FPO of size Rs 25.50. Madhav Copper Ltd is a Gujarat based company that was incorporated in the year 2012. The company is engaged in the manufacturing and supply of copper bus bar, copper rods, anodes, strips, poly wrap submersible winding wire, sections, and enameled copper wire.
The copper materials produced by the company are used in mechanical and electrical fields for power distribution, generation, transmission, and electronic industries.
The company is also known to offer services to assist electrical winding designers. It helps them in overcoming electrical equipment short-circuit problems and winding making.
The company follows both National and International standards such as BS, IES, NEMA, JIS, and ASTM.
At present, the company has an Indian Railway Project to supply copper products of various sizes and specifications.
Key Strengths of the Company
- Long term client relationship
- Manufacturing unit in Gujarat
- Quality products
Objectives of the Issue
The company proposes to utilize the net proceed i.e Madhav Copper Ltd FPO is towards the following objects
- Funding the working capital requirements
- Purchase of Plant and machinery
- General corporate purposes
- Prepayment or repayment of certain secured borrowings of the company.
Company Promoters
- Nilesh Patel, Rohit Chauhan, and Divya Monpara are the promoters of the company.
Company Financials
Madhav Copper FPO Details
| Issue Open Date | Jan 27, 2020-Jan 30, 2020 |
| Issue Type | Book Built Issue FPO |
| Issue Size | 2,499,600 Equity shares of Rs.5 (aggregating up to Rs.25.50 Cr.) |
| Fresh Issue | 2,499,600 Equity shares of Rs.5 (aggregating up to Rs.25.50 Cr.) |
| Face Value | Rs.5 per Equity Share |
| Issue Price | Rs.100 to Rs.102 per Equity Share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing AT | NSE SME |
Madhav Copper FPO Timetable
| Offer Opening Date | Jan 27, 2020 |
| Offer Closing Date | Jan 30, 2020 |
| Finalization of Basis of Allotment | Feb 4, 2020 |
| Initiation of refunds | Feb 5, 2020 |
| Credit of shares to Demat Account | Feb 6, 2020 |
| IPO Shares Listing Date | Feb 7, 2020 |
Madhav Copper FPO Lot Size and Price
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 1200 | Rs.122400 |
| Maximum | 1 | 1200 | Rs.122400 |
Madhav Copper FPO Promoter Holding
| Pre Issue Share Holding | 73.04% |
| Post Issue Share Holding | – |
Madhav Copper FPO Prospectus
Company Contact Information
Madhav Copper Ltd.
Plot No. 2107/D, Office No. 203,
2nd Floor, D&I Excelus,
Waghawadi Road, Bhavnagar, Gujarat 364001
Phone- +91 2782221034
Email- investors@madhavcopper.com
Website- http://www.madhavcopper.com
To get the latest update on IPO visit at Upcoming IPO 2020
