Cosmic CRF IPO Particulars & Guidance at Chanakyanipothi.com,
    the Oldest & the most Trusted Investment Website in India for coming up IPOs. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.

    Cosmic CRF IPO Listing:
    Listed at Rs. 251.20

    Cosmic CRF IPO Review:
    The company is an approved supplier of cold rolled stainless sections to renowned wagon manufactures. In the year prior to the IPO, the company has shown good profits. The offer price is reasonable. However, the size of the IPO is somewhat large & chances of allotment are high. Presently, there is not much fancy in the grey market.

     

    What is the GMP of Cosmic CRF IPO?
    GMP prior to listing Rs. -1

    Cosmic CRF IPO Subscription Status
    On 21 June 2023 @ 4.00 (Day6) (Closed)
    QIB:       34400  Shares 03.76 T
    NII:      398400  Shares 02.76 T
    RII:      1298000 Shares 00.60 T
    Total:  1730800 Shares 01.16 T

    Cosmic CRF IPO Particulars & Guidance:
    About the business

    The Company is a qualified and an RDSO approved supplier of cold rolled stainless sections to renowned wagon manufactures such as, Titagarh Wagons Limited, Hindusthan Engineering & Industries Limited, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited, Allied Construction Engineers & Fabricators, etc. In addition to this, the Company also supplies cold rolled stainless sections to direct orders of the railways through tender procurement. As of March 31, 2023, the total order book value of the Company is Rs 53,640.82 lakhs, out of which orders amounting to Rs 13,566.33 lakhs have been executed and orders amounting to Rs 40,074.48 lakhs are ongoing. Further, as of March 31, 2023, the Company has completed 25 orders for supply of cold rolled stainless sections and 23 order are ongoing.
    Pursuant to the Business Transfer Agreement dated January 19, 2022, read with the Addendum to the Business Transfer Agreement dated August 26, 2022 and September 9, 2022, the Company acquired the CRF unit of Cosmic Ferro Alloys Limited.

    Its product portfolio largely consists 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 highway. Over the years, it has offered cost effective and customized solutions in accordance with the standardized quality requirements of its customers who work in various sectors such as railway and the infrastructure sectors. The Company manufactures products which are compliant with the stringent requirements prescribed by Research Design and Standards Organisation, which is an ISO 9001 research and development organisation under the Ministry of Railways of the Government of India, which functions as a technical adviser and consultant to the Railway Board, the Zonal Railways, the Railway Production Units, RITES, RailTel and Ircon International in respect of design and standardization of railway equipment and problems related to railway construction, operations and maintenance.
    Get more information about the company @
    https://cosmiccrf.com/

    Cosmic CRF IPO Details
    IPO opens on Tentative 14 June 2023
    IPO closes on  21 June 2023
    Issue Type Book Built Issue IPO
    Issue Size 1822000 Sh /Rs 60.12 Cr
    * Fresh Issue 1822000 Sh /Rs 60.12 Cr
    * Offer for Sale  – Sh /Rs – Cr
       
    Face Value per share: Rs. 10
       
    Price Band Rs.298-314
    Employee discount  Rs. 0 per share
    Retail Lot Size  400 Shares
    Listing will at  BSE SME
    Shares offered to
      Shares Rs. (Cr)
    QIB (1.99%) 34400 1.08
    NII  (23.02%) 398400 12.51
    RII  (74.99%) 1298000 40.76
    Total Shares  1730800 54.35
    Retail portion will be oversubscribed by  3244
    Forms
    How much Shares to Apply in Remus Pharmaceuticals IPO?
    Min Retail Application 400 Sh Rs. 125600
    Min HNI Application  800 Sh Rs.251200

    Who are the Promoters of Cosmic CRF IPO?
    Mr. Aditya Vikram Birla

    What are the Objects of Cosmic CRF IPO?
    The Company proposes to utilize the Net Proceeds from the Issue
    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

    IPO Tentative timetable
    IPO opens on 14 June 2023
    IPO Closes on 21 June 2023
    IPO Allotment on  26 June 2023
    Unblocking of ASBA  27 June 2023
    Credit of Shares 28 June 2023
    Listing on 30 June 2023
    Registered Office of the Company
    19, Monohar Pukur Road,
    Kolkata 700 029
     Who is the Lead Managers of Cosmic CRF IPO?
    Horizon Financial Pvt Ltd
    Who is the Registrar to IPO?
    Mas Services Limited
    IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs.in Cr Rs.in Cr Rs. %
    2019-20
    2021-22
    2022-23  121.49 6.41 13.50 39.35
    Book Value of the Share on 31.03.2023 Rs.22.34    
    Book Value of the Share after the IPO Rs.-    
    Offer Price   Rs. 330    
    Cosmic CRF
    Key Performance indicators
    Upper Price/last EPS 24.44
    Upper price/BV Ratio 14.77
    Upper price/BV after IPO 

    IPO Particulars & Guidance
    Peer Comparison: 
    There are no listed companies in India that are comparable in all aspects of business and services that the company provides.

     

     

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