About the Company:
Madhav Copper Ltd is a ISO 9001:2015 and 14001:2015 certified company, engaged in the business of manufacturing of copper wire, copper rods, copper bus bars, flats, profiles, sections, strips, anodes & rods, enamelled copper wires and submersible winding wires.
Company’s Copper Fabricated Product and Winding wires are manufactured adhering National and International Standards such as IEC, NEMA, BS, ASTM and JIS. The Copper Rod is manufactured from 100% LME (London Metal Exchange) registered grade ‘A’ copper cathode used as a raw material.
The Copper Conductors are manufactured from 99.997% of pure ETP and OFC grade copper and insulated with high thermal class engineered insulation material, which provides excellent dielectric properties and excellent resistance to cracking.
Recently, company has been approved by Indian railway for development, manufacture and supply of Dual coated enamelled copper winding wire, Copper flat, Rectangular copper conductor, Rectangular Copper Strips, Oxygen free Copper (OFC) Rods of various sizes and specification.
Major products manufactured by the Company.
- Copper Wire & Rods.
- Copper Bus Bars, Strip, Flats, Profiles, Section, & Anodes.
- Enamelled Copper Wire.
- Submersible Winding Wire.
Product Segment wise break-up of Revenue: (in Lakhs)
Competition in the Business:
Madhav Copper competes with large number of unorganized players and organized players like
- Precison Wires India Limited
- Ram Ratna Wire Limited
- Hindustan Copper Limited
- Mr.Nilesh Patel (Designation: Chairman & Whole – Time Director)
- Mr. Rohit Chauhan (Designation: Managing Director)
Objectives of the Issue:
- Purchase of Plant & Machinery.
- Prepayment/Repayment of certain Secured Borrowings availed by the Company.
- Funding the working capital requirement of the Company.
- General corporate purposes.
Financials of the Company:
|(in Crores)||FY 17||FY 18||FY 19||30th Sept 19|
Valuation of Peer Group Companies:
|Company Name||Face Value||EPS||PE Ratio||RoNW||NAV|
|Madhav Copper Limited||5||1.71||59.64||32.04%||5.34|
|Precision Wires India Ltd||5||18.09||9.07||15.76%||114.77|
|Ram Ratna Wire Ltd||5||7.26||9.93||8.75%||82.97|
|Issue Opens on||27th January 2020|
|Issue Closes on:.||30th January 2020|
|Issue Price||Rs.100 – 102|
|Issue Size||Rs.25.49 cr|
|Market Cap||Rs.276.8 cr|
|Listing at||NSE SME|
|Equity Shares Offered (Fresh)||24,99,600|
|Equity Shares Prior to the Issue||2,46,43,200|
|Equity Shares after the Issue||2,71,42,800|
Note: This is FPO (not IPO). Company is already Listed on NSE Emerge.
|Finalization of Basis of Allotment||on or Before 4th February 2020|
|Initiation of Refunds||on or Before 5th February 2020|
|Credit of Equity Shares:||on or Before 6th February 2020|
|Listing Date:||on or Before 7th February 2020|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|Check IPO Allotment Status:|
Bigshare Website (Click on the below Link)
|Company Contact Info:|
|Madhav Copper Limited
Plot No. 2107/D, Office No. 203,
2nd Floor, D&I Excelus, Waghawadi Road,
Bhavnagar, Gujarat – 364001, India
Tel: +91 278 2221034
|IPO Registrar Info:|
|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
|Lead Manager to the Issue:|
|PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshava Premises, Behind Family Court,
Bandra Kurla Complex, Bandra East, Mumbai – 400 051,
Tel: +91-22 6194 6700
Fax: +91-22 2659 8690