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Cosmic CRF IPO is a book built issue of Rs 57.21 crores. The issue is entirely a fresh issue of 18.22 lakh shares.
Cosmic CRF IPO bidding started from June 14, 2023 and ended on June 21, 2023. The allotment for Cosmic CRF IPO was finalized on Monday, June 26, 2023. The shares got listed on BSE SME on June 30, 2023.
Cosmic CRF IPO price band is set at ₹298 to ₹314 per share. The minimum lot size for an application is 400 Shares. The minimum amount of investment required by retail investors is ₹125,600. The minimum lot size investment for HNI is 2 lots (800 shares) amounting to ₹251,200.
Horizon Management Private Limited is the book running lead manager of the Cosmic CRF IPO, while Mas Services Limited is the registrar for the issue. The market maker for Cosmic CRF IPO is Giriraj Stock Broking.
Refer to Cosmic CRF IPO RHP for detailed information.
| IPO Date | June 14, 2023 to June 21, 2023 |
| Listing Date | June 30, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹298 to ₹314 per share |
| Lot Size | 400 Shares |
| Total Issue Size | 1,822,000 shares (aggregating up to ₹57.21 Cr) |
| Fresh Issue | 1,822,000 shares (aggregating up to ₹57.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,100,000 |
| Share holding post issue | 6,922,000 |
| Market Maker portion | 91,200 shares Giriraj Stock Broking |
Cosmic CRF IPO offers 1,822,000 shares. 34,400 (1.89%) to QIB, 398,400 (21.87%) to NII, 1,298,000 (71.24%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 91,200 (5.01%) |
| QIB Shares Offered | 34,400 (1.89%) |
| NII (HNI) Shares Offered | 398,400 (21.87%) |
| Retail Shares Offered | 1,298,000 (71.24%) |
| Total Shares Offered | 1,822,000 (100%) |
Cosmic CRF IPO opens on June 14, 2023, and closes on June 21, 2023.
| IPO Open Date | Wednesday, June 14, 2023 |
| IPO Close Date | Wednesday, June 21, 2023 |
| Basis of Allotment | Monday, June 26, 2023 |
| Initiation of Refunds | Tuesday, June 27, 2023 |
| Credit of Shares to Demat | Thursday, June 29, 2023 |
| Listing Date | Friday, June 30, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 21, 2023 |
Investors can bid for a minimum of 400 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹125,600 |
| Retail (Max) | 1 | 400 | ₹125,600 |
| HNI (Min) | 2 | 800 | ₹251,200 |
| Lot Size Calculator | |||
Mr. Aditya Vikram Birla is the company promoter.
| Share Holding Pre Issue | 98.42% |
| Share Holding Post Issue | 72.52% |
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-22 | 1,605.02 | -11.80 | 873.10 | -11.80 | 671.72 | |
| 31-Mar-23 | 6,875.24 | 12,149.31 | 641.20 | 1,629.40 | 629.40 | 3,151.33 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Cosmic CRF IPO is Rs 228.43 Cr.
| KPI | Values |
|---|---|
| RoNW | 39.35 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.5 | |
| P/E (x) | 35.64 |
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
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; and
4. General Corporate Purposes.
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. Boosted performance for FY23 is reflected in its greedy pricing of the IPO, which discounts all near-term positives. The company has teamed up with first-timer LM and MM. There is no harm in skipping this pricey bet. Read detail review...
The Cosmic CRF IPO is subscribed 1.16 times on June 21, 2023 7:02:00 PM. The public issue subscribed 0.60 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) |
|---|---|
| QIB | 3.76 |
| NII | 2.76 |
| Retail | 0.60 |
| Total | 1.16 |
Total Application : 2,092 (0.64 times)
| Listing Date | June 30, 2023 |
| BSE Script Code | 543928 |
| NSE Symbol | |
| ISIN | INE0ORA01015 |
| Final Issue Price | ₹314 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹314.00 |
| ₹251.20 |
| ₹238.65 |
| ₹251.20 |
| ₹238.65 |
Cosmic CRF Limited
19, Monohar Pukur Road,
Kolkata 700 029
Phone: +91 810 086 2182
Email: cs@cosmiccrf.com
Website: https://cosmiccrf.com/
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
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Cosmic CRF IPO is a SME IPO of 1,822,000 equity shares of the face value of ₹10 aggregating up to ₹57.21 Crores. The issue is priced at ₹298 to ₹314 per share. The minimum order quantity is 400 Shares.
The IPO opens on June 14, 2023, and closes on June 21, 2023.
Mas Services Limited 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 June 14, 2023 and closes on June 21, 2023.
Cosmic CRF IPO lot size is 400 Shares, and the minimum amount required is ₹125,600.
You can apply in Cosmic CRF 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, Nuvama, ICICI Bank, 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 Thursday, June 29, 2023. Check the Cosmic CRF IPO allotment status.
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