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Cosmic CRF IPO is a book build issue of ₹57.21 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹57.21 crore.
Cosmic CRF IPO bidding started from Jun 14, 2023 and ended on Jun 21, 2023. The allotment for Cosmic CRF IPO was finalized on Jun 26, 2023. The shares got listed on BSE SME on Jun 30, 2023.
Cosmic CRF IPO price band is set at ₹314.00 per share . The lot size for an application is 400. The minimum amount of investment required by an retail is ₹1,19,200 (400 shares). The minimum lot size investment for HNI is 2 lots (800 shares), amounting to ₹2,51,200.
Horizon Management Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Cosmic CRF IPO RHP for detailed Information.
| IPO Date | June 14, 2023 to June 21, 2023 |
| Listing Date | June 30, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹298 to ₹314 per share |
| Issue Price Final | ₹314 per share |
| Lot Size | 400 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,22,000 shares (aggregating up to ₹57.21 Cr) |
| Reserved for Market Maker | 91,200 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹2.86 Cr) |
| Net Offered to Public | 17,30,800 shares (aggregating up to ₹54.35 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 51,00,000 shares |
| Share Holding Post Issue | 69,22,000 shares |
Cosmic CRF IPO offers total 18,22,000 shares. Out of which 34,400 (1.89%) allocated to QIB, 3,98,400 (21.87%) allocated to NII, 12,98,000 (71.24%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 91,200 (5.01%) |
| QIB Shares Offered | 34,400 (1.89%) |
| NII (HNI) Shares Offered | 3,98,400 (21.87%) |
| Retail Shares Offered | 12,98,000 (71.24%) |
| Total Shares Offered | 18,22,000 (100.00%) |
Cosmic CRF IPO opens on June 14, 2023, and closes on June 21, 2023.
| IPO Open Date | Wed, Jun 14, 2023 |
| IPO Close Date | Wed, Jun 21, 2023 |
| Tentative Allotment | Mon, Jun 26, 2023 |
| Initiation of Refunds | Tue, Jun 27, 2023 |
| Credit of Shares to Demat | Thu, Jun 29, 2023 |
| Tentative Listing Date | Fri, Jun 30, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 21, 2023 |
Investors can bid for a minimum of 400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹1,25,600 |
| Retail (Max) | 1 | 400 | ₹1,25,600 |
| HNI (Min) | 2 | 800 | ₹2,51,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2021, Cosmic CRF Limited supplies cold-rolled stainless sections to manufacturing companies.
The company's client list includes Titagarh Wagons Limited, Hindusthan Engineering & Industries Limited, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited, Allied Construction Engineers & Fabricators, etc. Cosmic CRF also supplies cold rolled stainless sections to direct orders of the railways through tender procurement.
Under the Business Transfer Agreement dated January 19, 2022, the company acquired the CRF unit of Cosmic Ferro Alloys Limited. The purchase included a manufacturing unit in West Bengal spread over an area of approximately 3.82 acres together with plant, machinery, assets, and liabilities. The unit manufactures a range of cold-rolled stainless sections, such as fabricated items for railway, coach & wagons, cold-rolled formed items for wagons and coaches, cold-rolled formed items for infra companies and EPC projects, and products for roadways and national highways.
As of March 31, 2023, the total order book value of the company is ₹ 53,640.82 lakhs, out of which orders amounting to ₹ 13,566.33 lakhs have been executed and orders amounting to ₹ 40,074.48 lakhs are ongoing. Further, as of March 31, 2023, the company has completed 25 orders for the supply of cold rolled stainless sections and 23 orders are ongoing.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-22 | 1,605.02 | -11.80 | 873.10 | -11.80 | 671.72 | |
| 31-Mar-23 | 6,875.24 | 12,149.31 | 641.20 | 1,629.40 | 629.40 | 3,151.33 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Cosmic CRF IPO is ₹228.43 Cr.
| KPI | Values |
|---|---|
| RoNW | 39.35 |
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
1. Funding the expansion of existing manufacturing unit;
2. Funding of working capital requirement;
3. Prepayment or repayment of all or a portion of certain unsecured loans; and
4. General Corporate Purposes.
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. Boosted performance for FY23 is reflected in its greedy pricing of the IPO, which discounts all near-term positives. The company has teamed up with first-timer LM and MM. There is no harm in skipping this pricey bet. Read detail review...
| Listing Date | June 30, 2023 |
| BSE Script Code | 543928 |
| NSE Symbol | |
| ISIN | INE0ORA01015 |
| Final Issue Price | ₹314 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹314.00 |
| Open | ₹251.20 |
| Low | ₹238.65 |
| High | ₹251.20 |
| Last Trade | ₹238.65 |
Cosmic CRF Ltd.
19, Monohar Pukur Road,
Kolkata 700 029
Kolkata, West Bengal
Phone: +91 810 086 2182
Email: cs@cosmiccrf.com
Website: https://cosmiccrf.com/
MAS Services Ltd.
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
Cosmic CRF IPO is a SME IPO of 18,22,000 equity shares of the face value of ₹10 aggregating up to ₹57.21 Crores. The issue is priced at ₹314 per share. The minimum order quantity is 400.
The IPO opens on June 14, 2023, and closes on June 21, 2023.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Cosmic CRF IPO using UPI as a payment gateway. Zerodha customers can apply in Cosmic CRF IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cosmic CRF IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cosmic CRF IPO opens on June 14, 2023 and closes on June 21, 2023.
Cosmic CRF IPO lot size is 400, and the minimum amount required for application is ₹1,25,600.
You can apply in Cosmic CRF IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Cosmic CRF IPO will be done on Monday, June 26, 2023, and the allotted shares will be credited to your demat account by Thursday, June 29, 2023. Check the Cosmic CRF IPO allotment status.
The Cosmic CRF IPO listing date is on Friday, June 30, 2023.
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