IPO Details

Bidding Dates

13 Jun '23 - 20 Jun '23

Minimum Investment

₹132,000 / 1 Lot (200 Shares)

Price Range

₹314 - ₹330

Maximum Investment

₹132,000 / 1 Lot (200 Shares)

Retail Discount

Not Applicable

Issue Size

₹60.13 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

Cosmic CRF Ltd IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 13, 2023

IPO Closing Date

Jun 20, 2023

Basis of Allotment

Jun 25, 2023

Initiation of Refunds

Jun 26, 2023

Credit of Shares to Demat Account

Jun 28, 2023

IPO Listing Date

Jun 29, 2023

UPI Mandatory Expiry Date

Jun 20, 2023

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Jun 13, 2023

 0.00 0.02 0.08 0.07

Day 2Jun 14, 2023

 3.76 0.05 0.22 0.25

Day 3Jun 15, 2023

 3.76 0.93 0.43 0.61

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers 3.76
Non-Institutional Buyers 0.93
Retail Investors 0.43
Total 0.13

About Company

Cosmic CRF Limited is a manufacturing company that was incorporated in 2021. The company is a qualified and RDSO-approved supplier of 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, Cosmic CRF also supplies cold rolled stainless sections to direct orders of the railways through tender procurement. 

Cosmic CRF Limited IPO Details

Investors can bid for the Cosmic CRF Limited IPO which is a 100% fresh issue of up to 19,00,000 equity shares with face value of ₹10 each. The offer has its price band set between ₹314 to ₹330 per share and the lot size is 400. The IPO will list on the BSE on Monday, 26 June 2023.

Cosmic CRF Limited IPO Objective 

The objectives of Cosmic CRF Limited's IPO are listed below:

  • 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.

Should you invest in Cosmic CRF Limited?

Here are a few important factors to consider before investing in the IPO:

  • Cosmic CRF Limited is a relatively young company, but it has already significantly impacted the cold-rolled stainless steel industry. The company's products are used by a wide range of sectors, including railways, infrastructure, and roadways. The company is well-positioned for continued growth in the future.
  • The company’s revenues from operations for the fiscal 2023 was ₹12,148.90 lakhs, the EBITDA was ₹1,214.07 lakhs and the profit after tax was ₹641.20 lakhs.

Competitive Peers

There are no listed companies in India that are comparable in all aspects of business and services that Cosmic CRF provides.

Highlights of Cosmic CRF Ltd

  • In accordance with the Business Transfer Agreement executed on January 19, 2022, the company successfully obtained the CRF unit of Cosmic Ferro Alloys Limited. The acquisition encompassed a manufacturing facility situated in West Bengal, covering approximately 3.82 acres, along with all associated plant, machinery, assets, and liabilities.
  • 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. 

Company Financials

Particulars FY 2022-23 FY 2021-22
Revenue from Operations 12,148.90 NIL
Profit After Tax (PAT) 641.20 11.80
PAT Margin 5.28% NIL
EBITDA 1,214.07 15.76
EBITDA Margin 9.99% NIL
Debt-to-Equity Ratio 1.92 0.72
EPS 13.50 2.52

Know before investing

Strengths

2

  1. Cosmic CRF Limited is primarily engaged in the business of manufacturing cold-rolled stainless sections. It has also entered into the field of manufacturing and marketing cold-rolled stainless sections which are built with a solution-oriented technique. Therefore they are in an advantageous position to capitalise on the continued potential growth in the manufacturing of cold-rolled stainless sections in India.

  2. The company has developed and actively maintains sourcing arrangements and strong relationships with its key suppliers. Concerning the cold rolled section manufacturing business, its ability to proactively source mild steel, stainless steel, carbon steel and coil plates from RDSO-approved vendors domestically and internationally at competitive market prices, directly and on behalf of its customers, helps the company sustain its operations.

Risks

2

  1. If the company cannot maintain and enhance its brand and reputation, the sales of its products may suffer which would have a material adverse effect on Cosmic CRF’s business operations.

  2. Cosmic CRF may face several risks associated with the proposed expansion of its manufacturing unit, which could hamper the company's growth, prospects, cash flows and business and financial condition.

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Cosmic CRF Ltd IPO FAQs

What is Cosmic CRF Limited's IPO?

The Cosmic CRF Ltd IPO is a SME IPO of 1,822,000 equity shares of the face value of ₹10 aggregating up to ₹60.13 Crores. The price band is set between ₹314 to ₹330 per share.

When will Cosmic CRF Limited's IPO allotment be available?

The Basis of Allotment date is Wednesday, 21 June 2023.

What will be Cosmic CRF Limited's IPO lot size?

The lot size for Cosmic CRF Ltd. is 400.

When will Cosmic CRF Limited's IPO open for subscription?

The IPO subscription window opens on Jun 14, 2023, and closes on Jun 16, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Cosmic CRF Limited list on exchanges?

Cosmic CRF  Ltd. IPO will list on the BSE exchange on June 14th 2023.

How do I check the allotment status of the Cosmic CRF Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Validate with an OTP.
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the Cosmic CRF Limited IPO?

Listing gains cannot be ascertained before listing the IPO on the stock exchange, which is 14 June for Cosmic CRF Ltd.

I have finished the application process for the Cosmic CRF Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Cosmic CRF Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Cosmic CRF Limited using one PAN?

You can submit only one application using your PAN card.

What is the minimum order quantity for the Cosmic CRF Limited IPO?

The minimum order size for the Cosmic CRF  Limited IPO is a minimum of one lot.