
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
Overall Subscription
0.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 1,225,490 | — | 0.00x |
| Non-Institutional (NII / HNI) | 367,647 | — | 0.00x |
| Retail Individual (RII) | 857,843 | — | 0.00x |
| Total | 2,450,980 | 0 | 0.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 715 | 715 | 1.00x |
| HNIs (10L +) | 5 | 5 | 1.00x |
| HNIs (2-10L) | 22 | 22 | 1.00x |
| Total Applications | 742 | 742 | 1.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, Madhav Copper Limited FPO IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹100 to ₹102 per equity share.
The retail lot size is 1200 shares requiring a minimum application amount of ₹1,22,400. Expected listing price is ₹102 per equity share.
The Madhav Copper Limited FPO IPO aggregate issue size is ₹25 Crores with an equity price band set at ₹100 to ₹102 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,22,400.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2020-02-05. Investors can verify status using PAN card or application number.
Madhav Copper Limited FPO shares are scheduled to list on NSE on 2020-02-07.