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Cospower Engineering Ltd IPO (Cospower Engineering IPO) Detail

March 17, 2020 - March 19, 2020

Cospower Engineering IPO is a fixed price issue of Rs 2.04 crores.

Cospower Engineering IPO bidding started from March 17, 2020 and ended on March 19, 2020. The shares got listed on BSE SME on March 30, 2020.

Cospower Engineering IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.

Shreni Shares Limited is the book running lead manager of the Cospower Engineering IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Cospower Engineering IPO RHP for detailed information.

Cospower Engineering IPO Details

IPO Date March 17, 2020 to March 19, 2020
Listing Date March 30, 2020
Face Value ₹10 per share
Price ₹51 per share
Lot Size 2000 Shares
Total Issue Size400,000 shares
(aggregating up to ₹2.04 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion24,000 shares

Cospower Engineering IPO Reservation

Cospower Engineering IPO offers 400,000 shares. 188,000 (47.00%) to NII, 188,000 (47.00%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered24,000 (6.00%)
Other Shares Offered188,000 (47.00%)
Retail Shares Offered188,000 (47.00%)
Total Shares Offered400,000 (100%)

Cospower Engineering IPO Lot Size

Investors can bid for a minimum of 2000 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 2000 ₹102,000
Retail (Max) 1 2000 ₹102,000
Lot Size Calculator

Cospower Engineering IPO Promoter Holding

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

Share Holding Pre Issue 100%
Share Holding Post Issue 73.33%

About Cospower Engineering Ltd

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 Financials

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

Key Performance Indicator

The market capitalization of Cospower Engineering IPO is Rs 7.65 Cr.

Pre IPO Post IPO
P/E (x) 23

Objects of the Issue (Cospower Engineering IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  CEL's financial performance is showing inconsistency. Thanks to shares issued at Rs. 127 that boosted its NAV. Based on the latest restated financial parameters, the issue is aggressively priced. There is no harm in giving this issue a miss. Read detail review...


Cospower Engineering IPO Subscription Status (Bidding Detail)

The Cospower Engineering IPO is subscribed 1.53 times on March 19, 2020 6:49:23 PM. The public issue subscribed 0.69 times in the retail category, times in the QIB category, and 2.36 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other2.36
Retail0.69
Total1.53

Cospower Engineering IPO Prospectus

Cospower Engineering IPO Rating

24
2.8
Rating:Rated 2.8 stars
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Cospower Engineering IPO Listing Details

Listing Date March 30, 2020
BSE Script Code 543172
NSE Symbol
ISIN INE0CQB01010
Final Issue Price ₹51 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹51.00
₹51.00
₹51.00
₹53.10
₹53.10

Check IPO Performance…

Cospower Engineering Ltd Contact Details

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

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Cospower Engineering IPO - Buy or Not

Cospower Engineering IPO Recommendation Summary

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

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Cospower Engineering IPO FAQs

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 is priced at ₹51 per share. The minimum order quantity is 2000 Shares.

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

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

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

Steps to apply in Cospower Engineering 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 'Cospower Engineering 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 Cospower Engineering IPO opens on March 17, 2020 and closes on March 19, 2020.

Cospower Engineering IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.

You can apply in Cospower Engineering 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 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.

The Cospower Engineering IPO listing date is on March 30, 2020.
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Cospower Engineering IPO Message Board

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7 Comments

4. VinShah |   Link |  Bookmark |March 30, 2020 3:43:53 PM
Today cospower listing good in bad Mkt condition ????..
3. Small Investor |   Link |  Bookmark |March 27, 2020 3:40:32 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Dear Admin
Jb Allotment 23 ko Issue kr diya but lisitng 30 ko
Why ?
2. VinShah |   Link |  Bookmark |March 17, 2020 11:38:22 AM
Friends, I think because of market condition this IPO subscription still 0%.. how's this Co.??
2.1. VinShah |   Link |  Bookmark |March 18, 2020 2:41:07 PM
Good subscription.. Almost 100% Subscription of IPO will happen today..????
2.2. Small Investor |   Link |  Bookmark |March 18, 2020 8:45:16 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Skip this at the time
1. Ravi Shankar Prasad |   Link |  Bookmark |March 12, 2020 5:49:04 PM
Ignore
1.1. Small Investor |   Link |  Bookmark |March 12, 2020 10:38:07 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Stock market Ignore at that time