Madhav Copper is coming out with an initial public offering (IPO) of 5,53,600 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 81 per equity share. The issue will open on January 23, 2017 and will close on January 27, 2017. The shares will be listed on NSE Emerge Platform.
The company will use the issue proceeds for working capital requirements and general corporate purpose. The book running lead manager to the issue is Pantomath Capital Advisors, while the compliance officer for the issue is Kush Bhatt.
The company offers enamelled, copper rod profile and poly-wrap submersible winding wires suitable for industry application in transformers, motors, alternators, contactors, and relays. The company’s wires are also suitable for use in high speed coil winding machines. The copper conductors are manufactured from copper and insulated with high thermal class engineered insulation material, which provides dielectric properties and resistance to stress cracking.