Bookbuilding IPO | ₹57 Cr | Listed at BSE SME | Wed, Jun 14, 2023 - Wed, Jun 21, 2023
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 per share. The lot size for an application is 400. The minimum amount of investment required by an retail is ₹1,25,600 (400 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Jun 14, 2023
IPO Close
Wed, Jun 21, 2023
Issue Price
₹314 per share
Market Cap (Pre-IPO)
₹228.43 Cr
| IPO Date | 14 to 21 Jun, 2023 |
| Listed on | Fri, Jun 30, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹298 to ₹314 |
| Issue Price | ₹314 per share |
| Lot Size | 400 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,22,000 shares (agg. up to ₹57 Cr) |
| Reserved for Market Maker | 91,200 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 17,30,800 shares (agg. up to ₹54 Cr) |
| Net Offered to Public | 17,30,800 shares (agg. up to ₹54 Cr) |
| Share Holding Pre Issue | 51,00,000 shares |
| Share Holding Post Issue | 69,22,000 shares |
| BSE Script Code | 543928 |
| ISIN | INE0ORA01015 |
Cosmic CRF IPO comprises a total issue size of 18,22,000 shares. The net offer to the public is 17,30,800 shares, after excluding 91,200 shares allotted on a firm basis. Of the Net offer 34,400 (1.99%) are allocated to QIB, 3,98,400 (23.02%) allocated to NII 12,98,000 (74.99%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 34,400 | 1.99% | 1.89% |
| NII (HNI) Shares Offered | 3,98,400 | 23.02% | 21.87% |
| Retail Shares Offered | 12,98,000 | 74.99% | 71.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 91,200 | 5.01% | |
| Total Shares Offered | 18,22,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 400 shares and in multiples thereof.
| 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 |
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 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|
| Assets | 68.75 | 16.05 |
| Total Income | 121.49 | |
| Profit After Tax | 6.41 | -0.12 |
| NET Worth | 16.29 | 8.73 |
| Reserves and Surplus | 6.29 | -0.12 |
| Total Borrowing | 31.51 | 6.72 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the expansion of our existing manufacturing unit; | 30.00 |
| 2 | Funding of working capital requirements of the Company; | 10.00 |
| 3 | Prepayment or repayment of all or a portion of certain unsecured loans availed by our Company; and | 11.00 |
| 4 | General Corporate Purposes. | 0.27 |
| Total | 51.27 |
| KPI | |
|---|---|
| RoNW | 39.35 |
| PAT Margin | 5.28% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.50 | |
| P/E (x) | 35.64 | |
| Promoter Holding | 98.42% | 72.52% |
| Market Cap | ₹228.43 Cr. |
The Cosmic CRF IPO is subscribed 1.16 times on June 21, 2023 7:02:00 PM (Day 6). The public issue subscribed 0.6 times in the retail category, 3.76 times in the QIB category, and 2.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.76 | 34,400 | 1,29,200 |
| NII* | 2.76 | 3,98,400 | 10,99,200 |
| Retail | 0.6 | 12,98,000 | 7,80,000 |
| Total | 1.16 | 17,30,800 | 20,08,400 |
Total Application : 2,092
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses | 0.25 |
| 2 | Marketing and Selling commission / expenses | 5.50 |
| 3 | Advertising and marketing expenses payable to the advertisement agency | 0.10 |
| 4 | Printing and distribution of issue stationery | 0.02 |
| 5 | Others: Listing fees | 0.02 |
| 6 | SEBI and BSE processing fees | 0.01 |
| 7 | Book Building software fees | 0.04 |
| 8 | Other regulatory expenses | 0.00 |
| 9 | Miscellaneous | 0.01 |
| Total | 5.94 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹314.00 |
| Open | ₹251.20 |
| Low | ₹238.65 |
| High | ₹251.20 |
| Last Trade | ₹238.65 |
Lead Manager Reports
Cosmic CRF IPO is a SME IPO of 18,22,000 equity shares of the face value of ₹10 aggregating up to ₹57 Crores. The issue is priced at ₹314 per share. The minimum order quantity is 400.
The IPO opens on Wed, Jun 14, 2023, and closes on Wed, Jun 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 Wed, Jun 14, 2023 and closes on Wed, Jun 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 Thu, Jun 29, 2023. Check the Cosmic CRF IPO allotment status.
The Cosmic CRF IPO listing date is on Fri, Jun 30, 2023.
