Cosmic CRF was incorporated on December 21, 2021. The company is a qualified supplier of cold rolled stainless sections and is approved by RDSO. It supplies these sections to wagon manufacturers, including Titagarh Wagons, Hindusthan Engineering & Industries, Melbrow Engineering Works, Jindal Rail Infrastructure, Allied Construction Engineers & Fabricators, and others
| Bidding Dates |
|---|
| 14 Jun 2023 - 21 Jun 2023 |
| Subscription |
|---|
| 1.15x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 400 | 1.8 M | ₹314 - ₹330 | 73.68 % | ₹572.1 M - ₹601.3 M | RHP DOC |
Cosmic CRF IPO SUBSCRIPTION STATUS
21 Jun '23Cosmic CRF IPO overall subscription rate was 1.15 times the total available shares
Cosmic CRF IPO retail subscription rate was 0.57 times in the retail segment
Cosmic CRF IPO non-institutional investor subscription rate was 2.84 times in the non-institutional investor category
Cosmic CRF IPO Qualified Institutional Bidder subscription rate was 3.56 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 74.99% | 23.02% | 1.99% |
21 Jun 2023 (Day 7) | 0.57x | 2.84x | 3.56x |
20 Jun 2023 (Day 6) | 0.5x | 2.32x | 3.56x |
19 Jun 2023 (Day 5) | 0.47x | 1.49x | 3.56x |
16 Jun 2023 (Day 4) | 0.48x | 1.41x | 3.56x |
15 Jun 2023 (Day 3) | 0.21x | 0.27x | 3.56x |
15 Jun 2023 (Day 2) | 0.13x | 0.25x | 0x |
14 Jun 2023 (Day 1) | 0.08x | 0.23x | 0x |
Cosmic CRF FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY23 | 64.1 | 1,214.9 | 36.5 | -386.5 |
| FY22 | -1.2 | - | 0.7 | 0.3 |
Cosmic CRF IPO SUBSCRIPTION STATUS DETAILS
Cosmic CRF had 1.8 M shares on offer
Cosmic CRF IPO offer price was in the range ₹314 - ₹330
Cosmic CRF IPO minimum Investment was ₹132000
Cosmic CRF IPO issue size was ₹ 572.1 M - ₹ 601.3 M
Cosmic CRF had a minimum lot size of 400 Shares per application
Cosmic CRF NUMBER OF SHARES ON OFFER
Cosmic CRF IPO IMPORTANT DATES
| Issue Open Date | 14 Jun 2023 |
| Issue close Date | 21 Jun 2023 |
| Allotment Date | 26 Jun 2023 |
| Refund Date | 27 Jun 2023 |
| Demat Account Credit Date | 29 Jun 2023 |
| Listing Date | 30 Jun 2023 |
| Listing on Exchange(s) | BSE |
| Cosmic CRF Allotment Status | Exchange |
Cosmic CRF IPO subscription opened on 14 Jun 2023, and closed on 21 Jun 2023
IPO allotment for Cosmic CRF was finalized on Monday, 26 Jun 2023
IPO listing for Cosmic CRF was on BSE on Friday, 30 Jun 2023
Cosmic CRF IPO LISTING GAINS
| Issue Price (adjusted) | 330.0 |
| Listing Open Price | 251.2 |
| Listing Close Price | 238.7 |
| Listing Gain% | -23.9% |
| Current Gain% | 282.4% |
Cosmic CRF Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cosmic CRF Ltd. | 1262 | 873.6 | 22.9 | 0.7 | 1.2 | 11.3 | 6.2 | 722.8 | 79.8 | 50.6 | 73.7 | 55 | 30.9 |
| APL Apollo Tubes Ltd. | 2017.8 | 56025.9 | 45.6 | 0.9 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1868 | 49276.1 | 21.3 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 512.8 | 15628.7 | 30.8 | 1.2 | 4.1 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 38.8 | 15176.2 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2654.9 | 6019.4 | 21.1 | 1.9 | 2.2 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
Cosmic CRF INFORMATION ON IPO ISSUE
About Cosmic CRF
Cosmic CRF was incorporated on December 21, 2021. The company is a qualified supplier of cold rolled stainless sections and is approved by RDSO. It supplies these sections to wagon manufacturers, including Titagarh Wagons, Hindusthan Engineering & Industries, Melbrow Engineering Works, Jindal Rail Infrastructure, Allied Construction Engineers & Fabricators, and others
Object of the Issue
- Funding expansion of the existing manufacturing unit
- Funding of working capital requirement
- Prepayment or repayment of all or a portion of certain unsecured loans
- General corporate purposes
Cosmic CRF - PROMOTERS
| Name |
|---|
| Aditya Vikram Birla |
Cosmic CRF Lead Manager of the Issue
Horizon Management Private Limited
smeipo@horizon.net.co
Cosmic CRF Registrar to the issue
MAS Services Limited
info@masserv.com
Cosmic CRF Strengths
Reputed private sector manufacturer
The company is a well-established private-sector manufacturer of cold-rolled stainless sections in India
Long term sourcing
The company has developed and actively maintains sourcing arrangements and strong relationships with its key suppliers
Strong focus on innovation
The company has in-house research and development (R&D) facilities where its R&D division creates new products for prototype wagons
Quality assurance and quality control
The company has received a certificate issued by Cotecna Inspection India, certifying its compliance with the ISO 9001:2015 quality management system
Cosmic CRF Risks
Geographically concentrated
The company's operations are primarily based in West Bengal, and any failure to expand its operations may restrict growth and have an adverse impact on the business
Significant working capital requirement
The company relies on a substantial amount of working capital to sustain its growth. Any failure to meet its working capital requirements may have a negative impact on the results of operations
Limited experience
The company's limited experience and operating history pose challenges in accurately assessing future growth prospects, potentially impacting the business negatively
IPO FAQs
The promoter of the company is Aditya Vikram Birla.
The category allocation of qualified institutional buyers is 2.0%, the category allocation of non individual investors or high networth individuals is 23.0% and for retail investors it is 75.0%.
The price band of the IPO is Rs 314.0 - 330.0.
The IPO application opens on Jun 14, 2023 and closes on Jun 21, 2023.
The minimum lot size for the IPO is 400. The maximum lot size for the IPO is 400.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Jun 26, 2023.
The refund will be credited to your account on Jun 27, 2023.
The allotted shares will be credited to your demat on Jun 29, 2023.
Cosmic CRF Ltd.’s shares listed on the stock exchanges on Jun 30, 2023.