Madhav Copper Ltd FPO Details

Madhav Copper Ltd was established in 2012, Gujarat based Madhav Copper Ltd (MCL) is engaged in the manufacturing and supply of copper bus bars, copper rods, strips, anodes, sections, enamelled copper wire, and poly wrap submersible winding wire. The copper material produced by the company is used in mechanical and electrical fields for power distribution, generation, transmission and electronic industries.

The company also offers services to assist electrical winding designers in overcoming electrical equipment short-circuit problems and winding making. Madhav Copper Ltd follows the National and International standards such as IES, BS, JIS, NEMA, and ASTM. The manufacturing unit of MCL is situated at Bhavnagar, Gujarat.

Madhav Copper Ltd FPO Details
Issue Open	27-01-2020
Issue Close	30-01-2020
Allotment Date	05-02-2020
Unblocked Amount	06-02-2020
Listing Date	07-02-2020
Issue Share	24,99,600 Total Equity Share 1,26,000 Reserved by Market Maker 23,73,600 Equity Share
Issue Size	₹ 25.50 Cr
IPO Price Band	₹ 100 - 102
Minimum Share Bid [Lost Size]	1200
Minimum Investment Amount [Rs]	₹ 1,22,400
Face Value	₹ 5
Retail Allocation	50%
Listing On	NSE SME

Madhav Copper Ltd FPO Grey Market Premium GMP]
Latest Update	Premium	Kostak	Subject to Sauda	Recommended
27-01-2020 : 08:00 PM	-	-	-	Neutral

Madhav Copper Ltd FPO Financial details [in Rs, Cr]
Financial Year	Total Assets	Total Revenue	Total Expenses	Profit After Tax
FY-2016	-	-	-	-
FY-2017	22.71	71.62	70.47	0.86
FY-2018	23.63	169.10	165.89	1.96
FY-2019	45.50	213.05	207.01	4.21
30-09-2019	49.10	94.34	90.92	2.60

Madhav Copper Ltd FPO Valuation Details
Earnings Per Share [EPS]	₹ 1.71
Price/Earnings [P/E] Ratio	-
Return on Net Worth [RoNW]	32.04 %
Net Asset Value [NAV]	₹ 5.34 Per Share

Madhav Copper Ltd FPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offered	13,65,000	13,65,000	27,30,000
Day-1 [27-01-2020]	7,29,600 [0.61]	55,200 [0.05]	7,84,800 [0.33]
Day-2 [28-01-2020]	9,24,000 [0.78]	3,34,800 [0.28]	12,58,800 [0.53]
Day-3 [29-01-2020]	16,62,000 [1.4]	7,47,600 [0.63]	24,09,600 [1.02]
Day-4 [30-01-2020]	- [-]	- [-]	- [-]

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Madhav Copper Ltd FPO Recommendations
Live IPO Team Recommendation:- Neutral

Madhav Copper Ltd FPO Contact Details
Madhav Copper Ltd Plot No. 2107/D, Office No. 203, 2nd Floor, D&I Excelus, Waghawadi Road, Bhavnagar, Gujarat – 364001, India Tel: +91 278 2221034 E-mail: info@madhavcopper.com Website: www.madhavcopper.com

Registrar of Madhav Copper Ltd FPO
BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East Mumbai – 400 059, Maharashtra Tel: +91 22 62638200 Fax: +91 22 62638299 Website: www.bigshareonline.com Email: ipo@bigshareonline.com Investor Grievance Id: investor@bigshareonline.com Contact Person: Babu Raphael SEBI Registration Number: INR000001385

Lead Managers of Madhav Copper Ltd FPO
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Maharashtra, India Tel: +91-22 6194 6700 Fax: +91-22 2659 8690 Website:www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Unmesh Zagade SEBI Registration No:INM000012110

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