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

Cospower Engineering IPO Details

IPO Date Mar 17, 2020 to Mar 19, 2020
Listing Date Mar 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

Cospower Engineering IPO Reservation

Other Shares Offered188,000 (50.00%)
Retail Shares Offered188,000 (50.00%)
Market Maker portion24,000 shares
Total Shares Offered376,000

Cospower Engineering IPO Lot Size

The Cospower Engineering IPO lot size is 2000 shares.

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.

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

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

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 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 Mar 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)

Cospower Engineering IPO Key Performance Indicator

KPI Values
P/E (x)23
Market Cap (₹ Cr.)7.65

Cospower Engineering IPO Prospectus

Cospower Engineering IPO Rating

Rating:Rated 2.8 stars
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Cospower Engineering IPO Listing Details

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

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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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

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

Cospower Engineering IPO Analysis

Cospower Engineering IPO Recommendation Summary

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

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SME IPO Enquiry

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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 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.

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 Mar 17, 2020 and closes on Mar 19, 2020.

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

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 Mar 30, 2020.
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Cospower Engineering IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



4. VinShah |   Link |Mar 30, 2020 3:43:53 PM
Today cospower listing good in bad Mkt condition ????..
3. Small Investor |   Link |Mar 27, 2020 3:40:32 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Admin
Jb Allotment 23 ko Issue kr diya but lisitng 30 ko
Why ?
2. VinShah |   Link |Mar 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 |Mar 18, 2020 2:41:07 PM
Good subscription.. Almost 100% Subscription of IPO will happen today..????
2.2. Small Investor |   Link |Mar 18, 2020 8:45:16 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Skip this at the time
1. Ravi Shankar Prasad |   Link |Mar 12, 2020 5:49:04 PM
1.1. Small Investor |   Link |Mar 12, 2020 10:38:07 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Stock market Ignore at that time