Cosmic CRF IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jun 21, 2023Let’s have a detailed review of the company and analytics of the Cosmic CRF IPO release date, IPO offer price, subscription, Cosmic CRF Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 314 to Rs 330 |
| Listing At | BSE, SME |
| Min. Order Quantity | 400 Shares |
| Listing Date | 26 June 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 6,013 Lakh |
| Tick Size | 1 |
Cosmic CRF IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Cosmic CRF Share Price |
Cosmic CRF IPO – Summary
Their Company was incorporated on December 21, 2021, as ‘Cosmic CRF Limited’, a public limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by the Deputy Registrar of Companies, Central Registration Centre.
The corporate identification number of their Company is U27100WB2021PLC250447. Subsequently, their Company executed a business transfer agreement with Cosmic Ferro Alloys Limited on January 19, 2022, with a closing date of March 31, 2022.
The Promoter of this company is ADITYA VIKRAM BIRLA. The lead manager of the issue is Horizon Management Private Limited, and the Registrar of this issue is MAS Services Limited.
Cosmic CRF IPO Date
The opening and closing dates of Cosmic CRF IPO are 14 June 2023 and 16 June 2023 respectively..
Cosmic CRF IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 14th Jun | 0.00x | 0.02x | 0.08x | 0.07x |
| 2nd Day – 15th Jun | 3.76x | 0.05x | 0.22x | 0.25x |
| 3rd Day – 16th Jun | 3.76x | 1.26x | 0.51x | 0.74x |
| 4th Day – 19th Jun | 3.76x | 1.34x | 0.50x | 0.75x |
| 5th Day – 20th Jun | 3.76x | 2.22x | 0.52x | 0.98x |
| 6th Day – 21st Jun | 3.76x | 2.76x | 0.60x | 1.16x |
| Shares Offered or Net Issue | 91,200 | 34,400 | 398,400 | 1,298,000 |
The shares subscribed by the public will be updated here.
Cosmic CRF IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares is pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Cosmic CRF Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 21 June 2023 |
| Refunds Initiation | 22 June 2023 |
| Credit of Shares to Demat Account | 23 June 2023 |
| Share Listing Date | 26 June 2023 |
Cosmic CRF IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 314 to Rs 330
Cosmic CRF IPO Equity Size
This Initial Public Issue of 1,822,000 Equity Shares of Rs.10 each for cash at a price of Rs 314 to Rs 330 per equity share aggregating to Rs.6,013 Lakh.
Cosmic CRF IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,822,000 Equity Shares of Rs.10/ each.
Issue Size: 1,822,000 Equity Shares of Rs.10 each, aggregating to Rs.6,013 Lakh
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Cosmic CRF IPO – Live Performance
The listing date of this IPO is 26 June 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Cosmic CRF Share Price |
Cosmic CRF IPO Grey Market Premium
The Cosmic CRF Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Cosmic CRF IPO – Company Overview
Their Company is qualified and an 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 to this, their Company also supplies cold rolled stainless sections to direct orders of the railways through tender procurement.
As of March 31, 2023, the total order book value of their Company is Rs 53,640.82 lakhs, out of which orders amounting to Rs 13,566.33 lakhs have been executed and orders amounting to Rs 40,074.48 lakhs are ongoing.
Further, as of March 31, 2023, their Company has completed 25 orders for the supply of cold rolled stainless sections and 23 orders are ongoing.
Cosmic CRF IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||
| 31-Mar-23 | 31-Mar-22 | |
| Total Assets | 6,875.24 | 1,605.02 |
| *Total Revenue | 12,149.31 | – |
| Total Expense | 11,281.33 | 15.77 |
| Profit After Tax | 641.20 | (11.80) |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | 31-Mar-22 | |
| Basic & Diluted | 13.50 | (2.52) |
Further, their PAT for the period ended on March 31, 2023, and March 31, 2022, were Rs. 641.20 Lakh, and Rs. (11.80) Lakh respectively.
Cosmic CRF IPO – Promoters
The Promoter of this company is:
- ADITYA VIKRAM BIRLA
List of Related Parties (Key Managerial Personnel)
- Aditya Vikram Birla, Managing Director
- Purvi Birla, Whole-time Director
- Pawan Kumar Tibrewalla, Non-Executive Director
- Binod Kumar Khaitan, Independent Director
- Ashok Barnwal, Independent Director
Cosmic CRF IPO – Promoters Holding
- Pre-Issue Share Holding – 98.42%
- Post-Issue Share Holding – 72.52%
Cosmic CRF IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 18,22,000 Equity Shares aggregating up to Rs.6,013 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 91,200 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 17,30,800 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 12,98,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,98,400 Equity Shares |
| Equity Shares outstanding prior to the Issue | 51,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 69,22,000 Equity Shares |
Cosmic CRF IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding the expansion of their existing manufacturing unit;
- Funding of working capital requirements of their Company;
- Prepayment or repayment of all or a portion of certain unsecured loans availed by their Company; and
- General Corporate Purposes.
Cosmic CRF IPO – Business Strategy
- Continue to focus on increasing their market share and expand their portfolio of products
- Exploring newer markets for wagons
- Expand their existing product portfolio
- Expand their customer base
Cosmic CRF IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- 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 their products; and
- Strong Order Book
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 13.50 | 39.35% | 22.34 |
| 31-Mar-22 | (2.52) | (1.35%) | 9.70 |
| Mar-20 | – | – | – |
Cosmic CRF IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Cosmic CRF Limited | 10 | [●] | 13.50 | 39.35% | 12,149.31 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Cosmic CRF IPO Lead Managers
| Lead Managers |
| Horizon Management Private Limited 19 R N Mukherjee Road, Main Building, 2nd Floor Kolkata- 700 001, West Bengal, India. Telephone: +91 33 4600 0607 Facsimile: +91 33 4600 0607 Email ID: smeipo@horizon.net.co Website: www.horizonmanagement.in Investor Grievance ID: investor.relations@horizon.net.co Contact Person: Manav Goenka SEBI Registration Number: INM000012926 Validity: Permanent |
Cosmic CRF IPO Registrar to offer
| Registrar to the Offer |
| MAS Services Limited T-34, 2nd Floor, Okhla Industrial Area, Phase – II, New Delhi -110 020, Delhi, India; Telephone: +91 112 638 7281/83, 4132 0335; Facsimile: +91 112 638 7384 Email ID: info@masserv.com Website: www.masserv.com Investor grievance: investor@masserv.com Contact Person: N C Pal SEBI Registration: INR 000000049 Validity: Permanent |
Cosmic CRF IPO – Other Details
- Statutory Auditor – GARV & Associates, Chartered Accountants
- Legal Counsel to the Company – T&S Law
- Bankers to the Company – Kotak Mahindra Bank Limited
Cosmic CRF IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Cosmic CRF Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Cosmic CRF IPO Review FAQs
Check out various FAQs related to Cosmic CRF IPO:
What is the Issue Size of Cosmic CRF IPO?
The Company is making an initial public offer of 1,822,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Cosmic CRF IPO?
The price band for this particular IPO ranges between Rs 314 to Rs 330. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Cosmic CRF IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 14 June 2023, while the closing date is set at 16 June 2023.
What is the Cosmic CRF IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 21 June 2023, refund initiation is on 22 June 2023, credit of shares is on 23 June 2023, and share listing date is on 26 June 2023.
What is the Cosmic CRF IPO Listing Date?
Shares of this company shall be listed in the exchanges on 26 June 2023. The date, when the listing would be done, is stagnant on 26 June 2023.
Who is the Registrar of Cosmic CRF IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. MAS Services Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Cosmic CRF IPO?
Here are the promoters of this IPO – ADITYA VIKRAM BIRLA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Cosmic CRF IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Cosmic CRF IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Cosmic CRF Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 641.20, and 2022 is (11.80).
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