Cosmic CRF IPO

Cosmic CRF IPO will open for subscription from 14 June 2023. the company aims for an issue size of ₹60.13 Cr through this IPO.

Company Overview

Full nameCosmic CRF Limited
SectorIron & Steel
IndustrySteel & Iron Products
Company Website

About Company

The company supplies cold rolled stainless sections to renowned wagon manufacturers such as Titagarh Wagons Limited, Hindusthan Engineering & Industries Limited, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited, Allied Construction Engineers & Fabricators, etc. In addition, the company also supplies cold rolled stainless sections to direct orders of the railways through tender procurement. Its product portfolio largely consists 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 31 March 2023, Cosmic CRF’s order book stood at INR 536.41 crore, out of which orders amounting to INR135.66 crore have been executed. Further, as of 31 March 2023, the company has completed 25 orders for the supply of cold rolled stainless sections and 23 orders are ongoing.

Pursuant to the Business Transfer Agreement dated 19 January 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 Objective of the Issue

  • Funding the expansion of existing manufacturing units.
  • Funding of working capital requirement.
  • Prepayment or repayment of all or a portion of certain unsecured loans.
  • General Corporate Purposes.

IPO Timetable

IPO Opening date14 June 2023
IPO Closing16 June 2023
Basis of Allotment21 June 2023
Initiation Refund22 June 2023
Credit to Demat Account23 June 2023
Listing Date26 June 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹60.13 Cr – 1,822,000 shares
Fresh Issue₹60.13 Cr – 1,822,000 shares
Offer for saleNil
Face value₹10 per share
Price Band₹314 to ₹330 per share
Lot size400 Shares
Retail Allocation71.24%
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)1400₹132,000
Retail (Max)1400₹132,000
HNI (Min)2800₹264,000

Reservation Details

QIB Shares Offered34,400 (1.89%)
NII (HNI) Shares Offered398,400 (21.87%)
Retail Shares Offered1,298,000 (71.24%)
Market Maker Shares Offered91,200 (5.01%)

Financial Performance

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2022FY 2023
PE ratio23.26 – 24.44
RONW (%)(1.35)39.35
ROCE (%)(0.01)0.23
EBITDA (%)NA9.99

Company Promoters

  • Mr. Aditya Vikram Birla

Promoter Holding

Pre Issue Share Holding98.42
Post Issue Share Holding72.52

Lead Manager(s)

19 R N Mukherjee Road
Main Building, 2nd Floor
Kolkata- 700 001
Tel No: +91 33 46000607

IPO Registrar

T-34, 2nd Floor, Okhla Industrial Area,
Phase – II, New Delhi -110 020, Delhi, India
Phone: +91 112 638 7281/83, 4132 0335

Contact Details

19, Monohar Pukur Road,
Kolkata – 700 029, West Bengal, India
Phone: +91 810 086 2182

Allotment Status

Cosmic IPO allotment status will be available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.

Final thoughts

Cosmic CRF IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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