
Metals & Materials / Copper Products Manufacturing · NSE
Madhav Copper Ltd is engaged in manufacturing and supplying enamelled copper wire and poly-wrap submersible winding wire under the brand name Madhav Copper, along with enamelled wires, copper rod profiles, and poly-wrap winding wires used in transformers, motors, alternators, contactors, and relays. The company’s products are designed for efficient use in high-speed coil winding machines and are made from high-quality copper with advanced thermal insulation that provides strong dielectric performance and resistance to stress cracking. Its manufacturing facility is located near Kobdi, Ukharla, on Talaja Road in Bhavnagar, Gujarat, and the company is promoted by Nilesh Patel, who has experience in LME copper trading, and Rohitbhai Chauhan, who brings over a decade of expertise in copper wire manufacturing.
Price Band
₹100 – ₹102
Issue Size
₹25.00 Cr
Lot Size
1200 shares
GMP
Est. Listing
₹102
at current GMP
Subscribed
—
Open
27 Jan 2020
Close
30 Jan 2020
Allotment
5 Feb 2020
Refund
6 Feb 2020
Demat Credit
7 Feb 2020
Listing
7 Feb 2020
Designated Registrar: Bigshare Services Private Limited
Allotment Date
5 Feb 2020
Basis finalization
Refunds Initiate
6 Feb 2020
Mandate release
Demat Credit
7 Feb 2020
Shares in demat
Listing Debut
7 Feb 2020
Trading begins
Madhav Copper Limited FPO is bringing an initial public offering (IPO) in the Metals & Materials / Copper Products Manufacturing sector with an aggregate issue size of ₹25 Crores. The shares are offered at a price band of ₹100 to ₹102 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,22,400 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2020-02-07, while un-allotted funds or UPI block mandates will be released on 2020-02-06.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.