Cosmic CRF Limited supplies cold-rolled stainless sections to manufacturing companies.
The company’s client list includes Titagarh Wagons Limited, Hindusthan Engineering & Industries Limited, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited, Allied Construction Engineers & Fabricators, etc. Cosmic CRF also supplies cold rolled stainless sections to direct orders of the railways through tender procurement.
Under the Business Transfer Agreement dated January 19, 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 unit manufactures a range 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 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 has completed 25 orders for the supply of cold rolled stainless sections and 23 orders are ongoing.
Cosmic CRF IPO – Details
| IPO Opening Date | 14 June 2023 |
| IPO Closing Date | 21 June 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 18,22,000 Shares Worth ₹60.13 Crore Fresh Issue: 18,22,000 Shares Worth ₹60.13 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹298 – ₹314 |
| Market Lot | 400 Shares |
| Min Order | 400 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Mas Services Limited |
| QIB Shares Offered | 1.99% |
| NII (HNI) Shares Offered | 23.02% |
| Retail Shares Offered | 74.99% |
Cosmic CRF IPO – Date Schedule
| IPO Open Date | 14 June 2023 |
| IPO Close Date | 21 June 2023 |
| Basis of Allotment | 26 June 2023 |
| Initiation of Refund | 27 June 2023 |
| Credit of Shares to Demat Account | 29 June 2023 |
| IPO Listing Date | 30 June 2023 |
Cosmic CRF IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 400 | 1,25,600 |
| Retail (Maximum) | 1 | 400 | 1,25,600 |
| HNI (Minimum) | 2 | 800 | 2,51,200 |
Competitive Strengths
- 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 company’s products; and
- Strong Order Book.
Company Promoters
- Aditya Vikram Birla
Object Of The Issue
- Funding the expansion of company’s existing manufacturing unit.
- Funding of the working capital requirement of the Company.
- Prepayment or repayment of all or a portion of certain unsecured loans availed by the Company.
- General corporate purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2022 | – | 0.15 | 0.11 |
| 31 March 2023 | 121.49 | 112.81 | 6.41 |
Cosmic CRF IPO Promoter Holding
| Pre Issue Share Holding | 98.42% |
| Post Issue Share Holding | 72.52% |
Cosmic CRF IPO Prospectus
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/ |
Cosmic CRF IPO Registrar
| Mas Services Limited Phone: (011) 2610 4142 Email: info@masserv.com Website: http://www.masserv.com |
Cosmic CRF IPO Lead Manager(s)
| 1. Horizon Financial Pvt Ltd |
Cosmic CRF IPO FAQs
| What is Cosmic CRF IPO? Cosmic CRF IPO is a SME IPO. The issue is priced at ₹314 per equity share. The IPO is to be listed on BSE SME. |
| When Cosmic CRF IPO will open? The IPO is to open on 14 June 2023 for QIB, NII and Retail Investors. |
| How to Cosmic CRF IPO? You can apply Cosmic CRF IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Cosmic CRF IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Cosmic CRF”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Cosmic CRF IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Cosmic CRF”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Cosmic CRF IPO Size? Cosmic CRF IPO size is ₹60.13 crores. |
| What is Cosmic CRF IPO Price Band? Cosmic CRF IPO Price Band is ₹314. |
| What is Cosmic CRF IPO Minimum and Maximum Lot Size? The minimum bid is 400 Shares with ₹1,25,600 amount while the maximum bid is 400 shares with ₹1,25,600. |
| What is the Cosmic CRF IPO Allotment Date? Cosmic CRF IPO allotment date is 26 June 2023. |
| What is the Cosmic CRF IPO Listing Date? Cosmic CRF IPO listing date is 30 June 2023. The IPO is to list on BSE SME. |
