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Cospower Engineering IPO is a fixed price issue of ₹2.04 crores. The issue is entirely a fresh issue of 0.04 crore shares of ₹2.04 crore.
Cospower Engineering IPO bidding started from Mar 17, 2020 and ended on Mar 19, 2020. The shares got listed on BSE SME on Mar 30, 2020.
Cospower Engineering IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to Cospower Engineering IPO RHP for detailed Information.
| IPO Date | March 17, 2020 to March 19, 2020 |
| Listing Date | March 30, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 4,00,000 shares (aggregating up to ₹2.04 Cr) |
| Reserved for Market Maker | 24,000 shares Shreni Shares Ltd. (aggregating up to ₹0.1224 Cr) |
| Net Offered to Public | 3,76,000 shares (aggregating up to ₹1.92 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 11,00,000 shares |
| Share Holding Post Issue | 15,00,000 shares |
Cospower Engineering IPO offers total 4,00,000 shares. Out of which 1,88,000 (47.00%) allocated to NII, 1,88,000 (47.00%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 24,000 (6.00%) |
| NII (HNI) Shares Offered | 1,88,000 (47.00%) |
| Retail Shares Offered | 1,88,000 (47.00%) |
| Total Shares Offered | 4,00,000 (100.00%) |
Cospower Engineering IPO opens on March 17, 2020, and closes on March 19, 2020.
| IPO Open Date | Tue, Mar 17, 2020 |
| IPO Close Date | Thu, Mar 19, 2020 |
| Tentative Listing Date | Mon, Mar 30, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 19, 2020 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, Cospower Engineering Limited is engaged in the manufacturing of electrical panels, equipment mounting structure, harmonic filters, and substation. It is also involved in offering turnkey services such as commissioning, installation, comprehensive maintenance, supply, and testing of electric products. The company also purchases a few products from other companies.
Cospower Engineering has a trained team to deal with various turnkey services for safe & proper functioning of electrical distribution equipment. The company manufactures and supplies the products on a contract basis as per customer requirements.
The manufacturing unit of the company is located at Vasai, Maharashtra. The facility is well-equipped with the required machinery and equipment.
Competitive Strengths
1. ISO certified organization
2. Wide product range
3. In-house manufacturing unit
| Particulars | For the year/period ended (Rs in Lakh) | ||||
|---|---|---|---|---|---|
| 31-Dec-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 955.69 | 930.91 | 957.75 | 879.38 | |
| Total Revenue | 748.88 | 1,303.26 | 860.75 | 957.09 | |
| Profit After Tax | 24.86 | 51.73 | 19.24 | 27.58 | |
The market capitalization of Cospower Engineering IPO is ₹7.65 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 23 |
The Company Cospower Engineering IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet Working Capital requirements | 1.18 |
| 2 | General Corporate Purpose | 0.38 |
[Dilip Davda] CEL's financial performance is showing inconsistency. Thanks to shares issued at Rs. 127 that boosted its NAV. Based on the latest restated financial parameters, the issue is aggressively priced. There is no harm in giving this issue a miss. Read detail review...
| Listing Date | March 30, 2020 |
| BSE Script Code | 543172 |
| NSE Symbol | |
| ISIN | INE0CQB01010 |
| Final Issue Price | ₹51 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹51.00 |
| Low | ₹51.00 |
| High | ₹53.10 |
| Last Trade | ₹53.10 |
Cospower Engineering Ltd.
Flat No.203, 2nd Floor, Kesarinath Apartments,
S.V. Road, Opp. Vijay Sales,
Goregaon West,
Mumbai, Maharashtra, 400062
Phone: +91 22-40129990
Email: cs@cospowerindia.com
Website: https://cospowerindia.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Cospower Engineering IPO is a SME IPO of 4,00,000 equity shares of the face value of ₹10 aggregating up to ₹2.04 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on March 17, 2020, and closes on March 19, 2020.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Cospower Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Cospower Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cospower Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cospower Engineering IPO opens on March 17, 2020 and closes on March 19, 2020.
Cospower Engineering IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Cospower Engineering 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 Cospower Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Cospower Engineering IPO allotment status.
The Cospower Engineering IPO listing date is on Monday, March 30, 2020.
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