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Cospower Engineering Ltd IPO (Cospower Engineering IPO) Detail

Mar 17, 2020 - Mar 19, 2020

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

Company Promoters:

Mr. Oswald Rosario Dsouza and Mr. Felix Shridhar Kadam are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ 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

Objects of the Issue:

The company intends to utilize the proceeds of the Issue to meet the following objects:

1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses

Cospower Engineering IPO Details

IPO DateMar 17, 2020 - Mar 19, 2020
Issue TypeFixed Price Issue IPO
Issue Size400,000 Eq Shares of ₹10
(aggregating up to ₹2.04 Cr)
Face Value₹10 Per Equity Share
IPO Price₹51 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME
P/E (x)23
Market Cap (₹ Cr.)7.65

Cospower Engineering IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹102,000
Maximum12000₹102,000

Cospower Engineering IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.33%

Cospower Engineering IPO Subscription Status (Bidding Detail)

Cospower Engineering IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

188,000

188,000

376,000

Mar 19, 2020 18:49

2.36x

0.69x

1.53x

Cospower Engineering IPO Prospectus

Cospower Engineering IPO Rating

24
2.8
Rating:Rated 2.8 stars

Vote Here ...

Cospower Engineering IPO Listing Date

Listing DateMonday, March 30, 2020
BSE Script Code543172
NSE Symbol
Listing InMT
ISININE0CQB01010
IPO Price₹51 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹51.00
₹51.00
₹51.00
₹53.10
₹53.10
36,000

Cospower Engineering IPO Reviews / Ratings

Company Contact Information

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/

Cospower Engineering IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Cospower Engineering IPO FAQs

  1. 1. What is Cospower Engineering IPO?

    Cospower Engineering IPO is a SME IPO of 400,000 equity shares of the face value of ₹10 aggregating up to ₹2.04 Crores.

    The issue price of the IPO is ₹51 Per Equity Share. The minimum order quantity is 2000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Mar 17, 2020 and closes on Mar 19, 2020.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. 2. When Cospower Engineering IPO will open?

    The Cospower Engineering IPO opens on Mar 17, 2020 and closes on Mar 19, 2020.

  3. 3. How to apply for Cospower Engineering IPO?

    Cospower Engineering IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Cospower Engineering IPO allotment?

    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.

  5. 5. When is Cospower Engineering IPO listing date?

    The Cospower Engineering IPO listing date is on Monday, March 30, 2020, at BSE SME.
  6. 6. What is the lot size of Cospower Engineering IPO?

    Cospower Engineering IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

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Cospower Engineering IPO Review / Comments

VinShah
4. VinShah  Mar 30, 2020 15:43 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Today cospower listing good in bad Mkt condition 👍..
Small Investor
3. Small Investor  Mar 27, 2020 15:40 I Like It. 1 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Dear Admin
Jb Allotment 23 ko Issue kr diya but lisitng 30 ko
Why ?
VinShah
2. VinShah  Mar 17, 2020 11:38 I Like It. | I Don't Like It. | Report Abuse Reply
Friends, I think because of market condition this IPO subscription still 0%.. how's this Co.??
VinShah
2.1. VinShah  Mar 18, 2020 14:41 I Like It. 1 | I Don't Like It. | Report Abuse
Good subscription.. Almost 100% Subscription of IPO will happen today..👍
Small Investor
2.2. Small Investor  Mar 18, 2020 20:45 I Like It. | I Don't Like It. 1 | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Skip this at the time
Ravi Shankar Prasad
1. Ravi Shankar Prasad  Mar 12, 2020 17:49 I Like It. | I Don't Like It. 1 | Report Abuse Reply
Ignore
Small Investor
5.1. Small Investor  Mar 12, 2020 22:38 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Stock market Ignore at that time






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