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Cool Caps Industries Limited IPO (Cool Caps IPO) Detail

Mar 10, 2022 - Mar 15, 2022

Cool Caps Industries is engaged in the business of manufacturing a range of plastic bottle caps and closures such as plastic soda bottle caps, plastic soft drink bottle caps, plastic mineral water bottle caps, and plastic juice bottle caps. It further manufactures embossed, debossed, and printed closures as per customers' specifications. The firm also manufactures face masks i.e., Mask on Plus N95 FFP 2 Mask, Mask on N95 FFP2 Mask, and N95 FFP2 Mask. The firm also engages in the trading of plastic granules such as Polypropylene Granule, High-Density Polyethylene (HDPE) Granules, Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE) Granules, etc.

Competitive strengths

  • The well-established manufacturing facility at Howrah, West Bengal, and Kotdwar, Uttarakhand.
  • Highly experienced management and workforce.
  • Cost leadership in procurement leads to cost-effective manufacturing.
  • A strong relationship with customers.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
  30-Sep-21 31-Mar-21
Total Assets 5,691.53 4,996.78
Total Revenue 1,910.61 3,129.84
Profit After Tax 134.41 286.68

Objects of the Issue

The IPO aims to utilize the net proceeds towards the following purposes;
  • Fund working capital requirements.
  • Meet general corporate purposes.

Cool Caps IPO Details

Cool Caps IPO Date Mar 10, 2022 to Mar 15, 2022
Cool Caps IPO Face Value ₹10 per share
Cool Caps IPO Price ₹36 to ₹38 per share
Cool Caps IPO Lot Size 3000 Shares
Issue Size3,060,000 shares of ₹10
(aggregating up to ₹11.63 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Company Promoters

Rajeev Goenka, Vanshay Goenka, and M/s. Purv Flexipack Pvt Ltd are the company promoters.

Cool Caps IPO Timeline (Tentative Timetable)

Cool Caps IPO opens on Mar 10, 2022, and closes on Mar 15, 2022. The Cool Caps IPO bid date is from Mar 10, 2022 10.00 A.M. to Mar 15, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Cool Caps IPO Opening Date Mar 10, 2022
Cool Caps IPO Closing Date Mar 15, 2022
Basis of Allotment Mar 21, 2022
Initiation of Refunds Mar 22, 2022
Credit of Shares to Demat Mar 23, 2022
Cool Caps IPO Listing Date Mar 24, 2022

Cool Caps IPO Lot Size

The Cool Caps IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).

Application Lots Shares Amount
Minimum 1 3000 ₹114,000
Maximum 1 3000 ₹114,000

Cool Caps IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding

Cool Caps IPO Review

The company is operating in a highly competitive and fragmented segment. Though its top-line marked growth, its bottom line witnessed pressure on margins. Based on its current financial data, the issue is fully priced. Risk seeker/cash surplus investors may consider parking of funds, others may ignore. Read detail review...


Cool Caps IPO Subscription Status (Bidding Detail)

The Cool Caps IPO is subscribed 7.91 times on Mar 15, 2022 5:00:00 PM. The public issue subscribed 11.25 times in the retail category, times in the QIB category, and 4.57 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII4.57
Retail11.25
Total7.91

Cool Caps IPO Prospectus

Cool Caps IPO Rating

228
4.1
Rating:Rated 4.1 stars
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Cool Caps IPO Listing Date

Listing Date Thursday, March 24, 2022
BSE Script Code
NSE Symbol COOLCAPS
Listing In ST Group of Securities
ISIN INE0HS001010
IPO Price ₹38 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹38.00
Open: ₹35.90
Low: ₹34.15
High: ₹37.65
Last Trade: ₹37.65

Company Contact Information

Cool Caps Industries Limited
23 Sarat Bose Road, Flat No. 1C,
1st Floor, Kolkata – 700020

Phone: +91– 9903921338
Email: cs@coolcapsindustries.in
Website: http://www.coolcapsindustries.in/

Cool Caps IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: coolcaps.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Cool Caps IPO Review

Cool Caps IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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IPO Broker Recommendations

Cool Caps IPO FAQs

Cool Caps IPO is a SME IPO of 3,060,000 equity shares of the face value of ₹10 aggregating up to ₹11.63 Crores. The issue is priced at ₹36 to ₹38 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Mar 10, 2022, and closes on Mar 15, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Cool Caps IPO using UPI as a payment gateway. Zerodha customers can apply in Cool Caps IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Cool Caps IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Cool Caps IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Cool Caps IPO opens on Mar 10, 2022 and closes on Mar 15, 2022.

Cool Caps IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Cool Caps IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Cool Caps IPO will be done on Mar 21, 2022, and the allotted shares will be credited to your demat account by Mar 23, 2022. Check the Cool Caps IPO allotment status.

The Cool Caps IPO listing date is on Thursday, March 24, 2022.
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Cool Caps IPO Message Board

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261 Comments

104. Karan maidasani |   Link |Apr 13, 2022 5:33:47 PM
Holding 1 lot here sold 1 at 44.5
103. Avenue |   Link |Apr 12, 2022 2:27:39 PM
Cool Caps finally Hot !!!

@Lokes @Noorul @MRavi @snipperRaj and other friends... Your views on Cool Caps?

I have 2 lots ( sold 1 out of 3 earlier) and had target of 55 which it has achieved. But seeing sudden surge do you think It can be held for a few months/long term ???
103.3. lokes |   Link |Apr 13, 2022 11:22:23 AM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
@avenue: you were able to sell or missed? its going down today...
it would reduce risk for the last lot holding if you would have sold second lot at good price....
103.4. snipperRaj |   Link |Apr 21, 2022 6:09:19 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@avenue i had lost patience in it and sold earlier at 47.5 even though i had conviction in it. Would suggest to hold atleast 1 lot as a new target of 80 possible.
102. Ravu |   Link |Apr 11, 2022 9:37:04 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Looks like a very good patience needed . 20% UC Wow!!
101. Kanwarjit |   Link |Mar 29, 2022 3:35:57 PM
@LOKES. THANKS FOR THE REPLY
100. Kanwarjit |   Link |Mar 29, 2022 3:01:32 PM
@LOKES. I AM HOLDING 1 LOT OF COOL CAPS. KINDLY GUIDE SHOULD I SELL OR WAIT IF NOT RISKY
100.1. lokes |   Link |Mar 29, 2022 3:30:16 PM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
As i mentioned in my other message:
"I sold one lot at 43.5 today and still holding other lot. Anyone can take decision as per this risk and holding capacity."
So if you don't want to take risk you can sell tomorrow around 42-44 etc. whatever it comes. No idea how it will move in near future, circuit already opened today here at its expected price range so i booked profit in 1 lot and holding other for little longer.
99. Manup |   Link |Mar 29, 2022 9:31:15 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Successfully exited 2 lots @ 43.5
99.1. Ravu |   Link |Mar 29, 2022 11:27:12 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
They are doing fishing. Most likely we all give up, some strong hand will escape and continue swimming. Difficult to be that strong. I also sold. We don't know when drain the water.
98. Carn Mohan |   Link |Mar 25, 2022 10:54:06 AM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
2 lots holder my target Rs 90
97. Manup |   Link |Mar 25, 2022 9:28:41 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Now consecutive 2nd UC . Which price should experts expecting ?
96. lokes |   Link |Mar 24, 2022 12:38:56 AM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
in my opinion, it can list around 42 to 45.....if listing around 40 or below, then it can be bought for longer term if someone not allotted in retail and if getting price above 48-50 during/after listing then better to book profit.
I am having 2 lots and no matter wherever it will list, i will sell 1 lot after listing and 1 lot i will keep holding for medium term at least around 4-6 months, i think this company business is good and can grow from here, it has good customers, pricing as per PE is also not expensive. Issue size is also reasonable.
96.8. lokes |   Link |Mar 28, 2022 12:15:02 PM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
@ipo-mitr: yes that's what i meant as in your second paragraph.....that it was looking like deliberate listing at low price by putting orders at such prices to manipulate and to create panic but finally its going as expected.
In kn agri and swaraj, looks again like operator play and some impact of today's market movement also may be but those are not even performing well after listing, gone wrong in those. Lets see in future how those will perform.
96.9. lokes |   Link |Mar 29, 2022 12:30:57 PM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
So finally it came near 43.5 today and anyone could sell easily at these levels if someone bought during listing as i posted and whoever was holding this from ipo allotment. People would be lucky to get this at below issue price during listing as it was available much below my mentioned buy price of 40.
I sold one lot at 43.5 today and still holding other lot. Anyone can take decision as per this risk and holding capacity.
95. kikhi |   Link |Mar 24, 2022 2:26:29 PM
Dear friends
I have got 1 lot. But I am not able to sell on angel. Please guide me which other brokers allow trading in sme IPOs.
95.1. Ram kumar I |   Link |Mar 24, 2022 4:07:59 PM
zerodha, prostocks
94. Kanwarjit |   Link |Mar 24, 2022 12:13:37 PM
@LOKES. THANKS FOR THE REPLY
93. Kanwarjit |   Link |Mar 24, 2022 10:31:25 AM
@LOKES, MR RAVICHANDRAN ,IPOANALYSIS. GOOD MORNING TO ALL COOL CAPS PRICE NOW AT PAR. KINDLY GUIDE SHOULD I HOLD OR SELL. I HAVE 1LOT. AND NEW IN SME IPOS. IF HOLD THEN FOR HOW LONG. THANKS
93.1. lokes |   Link |Mar 24, 2022 10:51:06 AM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
its better to hold at these levels.....these were good levels to buy even even as i informed.....operators made listing very low but now its at strong UC and near issue price.....selling you can consider above 40-42 only if you don't want to take risk....
92. MehulStk |   Link |Mar 24, 2022 10:38:21 AM
Top Contributor Top Contributor (200+ Posts)
Again at very crucial moment message posting got stopped plz admin look after this issue, its very serious issue as we need some guidance to get the right decision on right time based on community discussion.
92.1. lokes |   Link |Mar 24, 2022 10:47:01 AM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
ya it is there from long time.
@admin is not checking, not responding, no idea whats the issue.
@avenue also raised this point.
91. Amit Jaipur |   Link |Mar 24, 2022 10:07:38 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Kya baat hai LC se UC.Apun to nikal gaye bhaiya kamjor dilwale they 35.25 mai dono lot.
91.1. Vantage |   Link |Mar 24, 2022 10:24:02 AM
is it UC or no trading is happening and that s why its flattish..
90. snipperRaj |   Link |Mar 24, 2022 8:57:21 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Worst case risk of downwall is max 3-4 rs and max reward possibility is 25 rs in short term of listing to 10 days hold period. So hold your horses as risk to reward is pretty good. Buying will be there as company management seems enterprising and target market seems to have reasonable scope because of high consumbability in summers. More dhakkans to be used ;).
90.1. Bhav |   Link |Mar 24, 2022 9:59:10 AM
Top Contributor Top Contributor (200+ Posts)
I am holding 2 lots,
90.2. snipperRaj |   Link |Mar 24, 2022 10:14:32 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I will hold both it for target 55 of 5 days. It seems to me that operator seems to had ~70 lots and was able to open it lower equillibirum price by putting sell orders at 11.40 and bought himself more at 35-36.
89. MehulStk |   Link |Mar 24, 2022 10:08:48 AM
Top Contributor Top Contributor (200+ Posts)
Very surprising listing, Still holding my all 3 lots. Hope it will give 2 or 3 UC from here.
88. Ravu |   Link |Mar 24, 2022 10:07:24 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Finally it is at par
87. Carn Mohan |   Link |Mar 24, 2022 10:06:50 AM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Cool cool chal raha?
86. Cautious ProPrio |   Link |Mar 24, 2022 9:59:00 AM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Listing 35.90 and 288000 changed hand at LC
85. i For IPO ☑️ |   Link |Mar 24, 2022 9:54:38 AM
Disappointing Listing 😕