Cosmic CRF IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Cosmic CRF IPO opens on June 14 and closes on June 16, 2023. According to the DRHP filed in SEBI, the company plans to issue 18.22 lakhs shares through this public issue.
Cosmic CRF Limited (“the Company”)
Cosmic CRF Limited was incorporated in 2021. The company is a qualified and RDSO-approved supplier of cold-rolled stainless sections to renowned waggon manufacturers such as Titagarh Waggons Limited, Hindusthan Engineering & Industries Limited, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited, Allied Construction Engineers & Fabricators, etc. In addition to this, the company also supplies cold-rolled stainless sections to direct orders from the railways through tender procurement.
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 had completed 25 orders for the supply of cold-rolled stainless sections, and 23 orders were ongoing.
Its product portfolio largely consists of cold rolled stainless sections, such as fabricated items for railways, coaches, and waggons; cold rolled formed items for waggons and coaches; cold rolled formed items for infra companies and EPC projects; and products for roadways and national highways.
Company Strength
- A reputed private sector manufacturer of cold-rolled stainless sections in India.
- Long-term sourcing arrangements for components.
- Strong focus on innovation
- Effective cost control management
- Quality assurance and quality control of its products
- Strong order book
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Funding the expansion of existing manufacturing units;
- Funding of the working capital requirement;
- Prepayment or repayment of all or a portion of certain unsecured loans; and
- General Corporate Purposes.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Net Worth | 1,629 | 873 |
| Total Assets | 6,875 | 1,605 |
| Reserve & Surplus | 629 | (12) |
| Total Borrowings | 3,151 | 672 |
| Total Revenue | 12,149 | – |
| Profit After Tax | 641 | (12) |
IPO details
As per the DRHP filed with SEBI, 18.22 lakh shares will be offered as a fresh issue in the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 91,200 shares of the offering. While Horizon Financial Pvt Ltd will be the lead manager for the IPO, MAS Services Limited will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered by building the book.
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ [.] per share |
| Face Value | ₹ 10 per share |
| Market Lot | – |
| Issue Size | 1,822,000 shares (aggregating up to ₹ [.] crores) |
| Fresh Issue | 1,822,000 shares (aggregating up to ₹ [.] crores) |
| Listing At | BSE SME |
| Company Promoters | Mr Aditya Vikram Birla |
Market Maker: Cosmic CRF IPO
The market maker portion of 91,200 equity shares is added to the NII reservation.
| Market maker | Giriraj Stock Broking |
| Market maker portion | 91,200 shares |
GMP: Cosmic CRF IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Cosmic CRF IPO
The issue opens for subscription on June 14, 2023, and closes for subscription on June 16, 2023 (both days inclusive). The basis of allotment will be finalised on June 21, 2023, and the refunds will be initiated on June 22, 2023. In addition, the demat credits are expected to happen on June 23, 2023, and the stock will be listed on the BSE SME on June 26, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | June 14, 2023, |
| Closing Date | June 16, 2023 |
| Basis of Allotment | June 21, 2023 |
| Initiation of Refunds | June 22, 2023 |
| A credit of shares to Demat A/c | June 23, 2023 |
| Listing Date | June 26, 2023 |
Promoters Holdings
| Pre-issue Shares Holdings | 63.99% |
| Post-issue Shares Holdings | 47.15% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Cosmic CRF Limited 19, Monohar Pukur Road, Kolkata 700 029 Phone: +91 810 086 2182 Email: cs@cosmiccrf.com Website: https://cosmiccrf.com/ |
| IPO Registrar | MAS Services Limited Phone: (011) 2610 4142 Email: info@masserv.com Website: http://www.masserv.com |
| IPO Lead Manager(s) | Horizon Financial Pvt Ltd |
FAQs
When will the Cosmic CRF IPO allotment be available?
The finalisation of the basis of allotment for the Cosmic CRF IPO will be done on June 21, 2023, and the allotted shares will be credited to your demat account by June 23, 2023. Check the Cosmic CRF IPO allotment status.
When will the Cosmic CRF IPO list on exchanges?
The Cosmic CRF IPO shares listing date is June 26, 2023.
