Madhav Copper Ltd SME IPO

Incorporated 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.

The company was listed on NSE Emerge in 2017 to raise funds for working capital requirements and improve brand image. Currently, the company has an Indian Railway project to supply copper products of various sizes and specifications.

Key Strengths of the Company are:

  1. Quality products
  2. Manufacturing unit in Gujarat
  3. Long term client relationship

Company Promoters: Nilesh Patel, Rohit Chauhan and Divya Monpara.

Issue Details

Madhav Copper Ltd- SME IPO
 Issue Open  Jan 27, 2020 - Jan 30, 2020
 Issue Size  2,499,600 Eq Shares of Rs5 (aggregating up to Rs25.50 Cr)
 Face Value  Rs 5 per Equity Share
 Issue Price  Rs 100 to Rs 102 per Equity Share
 Market Lot  1200 Shares
 Listing At  NSE SME

Objectives 

 1. Purchase of Plant & Machinery
 2. Prepayment/ Repayment of certain secured borrowings of the company
 3. Funding the working capital requirements
 4. General Corporate Purposes

Company Financials

Particulars For the year/period ended (in lakh rupees)
31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 4,550.17 2,363.78 2,271.51
Total Revenue 21,305.04 16,910.63 7,162.87
Profit After Tax 421.42 196.23 86.38

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