Madhav Copper Ltd FPO- Issue Date, Price and Other Details

Madhav Copper Ltd FPO
Madhav Copper Ltd FPO

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

Draft Prospectus

Red Herring 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



To get the latest update on IPO visit at Upcoming IPO 2020

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