Cosmic CRF IPO Particulars & Guidance at Chanakyanipothi.com,
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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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