Cospower Engineering was incorporated on September 22, 2010. The company is currently engaged in the business of manufacturing of electrical panels, harmonic filters and substations, and equipment mounting structures.
| Bidding Dates |
|---|
| 17 Mar 2020 - 19 Mar 2020 |
| Subscription |
|---|
| 1.53x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,02,000 | 1 | 1 | 2000 | 400.0 K | ₹51 | 73.33 % | ₹20.4 M | RHP DOC |
Cospower Engineering IPO SUBSCRIPTION STATUS
19 Mar '20Cospower Engineering IPO overall subscription rate was 1.53 times the total available shares
Cospower Engineering IPO retail subscription rate was 0.69 times in the retail segment
Cospower Engineering IPO non-institutional investor subscription rate was 2.36 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
18 Mar 2020 (Day 2) | 0.14x | 1.97x | - |
19 Mar 2020 (Day 3) | 0.69x | 2.36x | - |
17 Mar 2020 (Day 1) | 0.04x | 1.11x | - |
Cospower Engineering 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) |
| 9MFY20 | 2.5 | 74.3 | -3.3 | -3.5 |
| FY19 | 5.2 | 130.1 | 6.8 | 6.5 |
| FY18 | 1.9 | 85.8 | -0.1 | -0.4 |
| FY17 | 2.8 | 91.2 | 10.8 | 10.8 |
Cospower Engineering IPO SUBSCRIPTION STATUS DETAILS
Cospower Engineering had 400.0 K shares on offer
Cospower Engineering IPO offer price was ₹51
Cospower Engineering IPO minimum Investment was ₹102000
Cospower Engineering IPO issue size was ₹ 20.4 M
Cospower Engineering had a minimum lot size of 2000 Shares per application
Cospower Engineering NUMBER OF SHARES ON OFFER
Cospower Engineering IPO IMPORTANT DATES
| Issue Open Date | 17 Mar 2020 |
| Issue close Date | 19 Mar 2020 |
| Allotment Date | 25 Mar 2020 |
| Refund Date | 26 Mar 2020 |
| Demat Account Credit Date | 27 Mar 2020 |
| Listing Date | 30 Mar 2020 |
| Listing on Exchange(s) | BSE |
| Cospower Engineering Allotment Status | Exchange |
Cospower Engineering IPO subscription opened on 17 Mar 2020, and closed on 19 Mar 2020
IPO allotment for Cospower Engineering was finalized on Wednesday, 25 Mar 2020
IPO listing for Cospower Engineering was on BSE on Monday, 30 Mar 2020
Cospower Engineering IPO LISTING GAINS
| Issue Price (adjusted) | 51.0 |
| Listing Open Price | 51.0 |
| Listing Close Price | 53.1 |
| Listing Gain% | 0.0% |
| Current Gain% | 3645.1% |
Cospower Engineering 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cospower Engineering Ltd. | 1910 | 286.5 | 24.6 | 0 | 2.7 | 27.6 | 14.8 | 107.4 | 282.1 | 13 | 749.6 | 77.8 | 661 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Cospower Engineering INFORMATION ON IPO ISSUE
About Cospower Engineering
Cospower Engineering was incorporated on September 22, 2010. The company is currently engaged in the business of manufacturing of electrical panels, harmonic filters and substations, and equipment mounting structures.
Object of the Issue
- To meet working capital requirements
- General corporate purpose
- To meet issue expenses
Cospower Engineering - PROMOTERS
| Name |
|---|
| Oswald Rosario Dsouza |
| Felix Shridhar Kadam |
Cospower Engineering Lead Manager
Sherni Shares Private Limited
shrenishares@gmail.com
Cospower Engineering Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Cospower Engineering Strengths
Quality standards and ISO certified organisation
The company has been approved as per the guidelines of ISO 14001:2015, ISO 9001:2015, and ISO 45001:2018 respectively for design, manufacturing, supply, commissioning, and consultancy for electrical and mechanical equipment and manufacturing of high/ low voltage electrical panels
Experienced and professional management team
The promoters, Oswald D’Souza and Felix Kadam have over two decades of experience in the electrical and engineering industry
Wide product range and product segments
The company has a product portfolio that covers a product range of electrical equipment and also provides a wide range of turnkey services
Cospower Engineering Risks
Legal proceedings
The company is involved in certain legal proceedings/received few show cause notices, which may have a financial implication on the business
Long-term contracts with the customers
The company has not entered into any long-term contracts with any of the customers and typically operates on the basis of work orders, which could adversely impact revenue and profitability
IPO FAQs
The promoters of the company are Oswald Rosario Dsouza and Felix Shridhar Kadam.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 51.0 - 51.0.
The IPO application opens on Mar 17, 2020 and closes on Mar 19, 2020.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 102,000.0.
This IPO will be allotted on Mar 25, 2020.
The refund will be credited to your account on Mar 26, 2020.
The allotted shares will be credited to your demat on Mar 27, 2020.
Cospower Engineering Ltd.’s shares listed on the stock exchanges on Mar 30, 2020.