Cospower Engineering IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Cospower Engineering Limited IPO release date, IPO offer price, subscription, Cospower Engineering IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Cospower Engineering IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.4/10 |
| Industry Ranking | 7.1/10 |
| Company Background | 8.2/10 |
| Company Reputation | 7.7/10 |
| Competitive Edge | 7.2/10 |
| Financial Statements | 8.0/10 |
| Popularity Index | 7.6/10 |
| Promoters Reputation | 8.0/10 |
| Retail Appetite | 7.5/10 |
| Top Brokers Review | 8.1/10 |
| Overall Ratings | 7.5/10 |
| Star Ratings | ★★★★☆ |
Summary of Cospower Engineering IPO
Their Company is currently engaged in the business of manufacturing of electrical panels, harmonic filters and substation and equipment mounting structure.
The plant is equipped with machinery to produce the quality products with emphasis on quality and performance. Their Company has also been providing turnkey services which involves supply, installation, commissioning, testing and comprehensive maintenance of electric products.
There are few products which the Company do not manufacture but has to provide turnkey services by buying from other manufacturers. Their Company has extended its product range to other power related products that are needed to complete the electrical system. Their company is offering ‘under one roof’ a complete package of electrical system and so lutions.
From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements
- For the 9 months period ended as on December 31, 2019, Total Revenue and Restated Profit/ Loss after Tax was of their Company is Rs.748.88 Lakhs and Rs.24.86 Lakhs, respectively.
- For the year ended March 31, 2019, Total Revenue and Restated Profit after Tax of their Company was Rs.1303.26 Lakhs and Rs.51.73 Lakhs respectively, compared to Total Revenue and Restated Profit after Tax of Rs.860.75 Lakhs and Rs.19.24 Lakhs respectively, over previous year ended i.e. March 31, 2018.
The Promoters of this company are MR. OSWALD ROSARIO DSOUZA AND MR. FELIX SHRIDHAR KADAM. The lead manager to the issue is SHRENI SHARES PRIVATE LIMITED. The Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Cospower Engineering IPO Dates / Launch Date
The opening and the closing date of Cospower Engineering IPO is Mar 17, 2020 – Mar 19, 2020.
Cospower Engineering IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – Mar 17 | ||||
| 2nd Day – Mar 18 | ||||
| 3rd Day – Mar 19 | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Cospower Engineering IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares 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.
Cospower Engineering IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Cospower Engineering IPO Price Band / Cash Price
The face value of each share is Rs.10, and the cash price of the IPO is Rs. 51.
Cospower Engineering IPO Size
This Initial Public Issue of 4,00,000 Equity Shares of Rs.10 each for cash at a price of Rs. 51 per equity share aggregating to Rs. 204 Lakhs.
Cospower Engineering IPO Share Offering
Fresh Issue: The Fresh Issue of 4,00,000 Equity Shares by their Company of Rs.10 each at a price of [●] per equity share aggregating to Rs.[●] lakh,
Net Issue: The Net Offer of up to 3,76,000 Equity Shares of Rs.10 each at price of Rs.[●] per Equity Shares aggregating to Rs.[●] lakhs
Cospower Engineering Limited – Company Overview
Their Company has product portfolio that covers product range of electrical equipment’s and they also provide wide range of turnkey services with the help of highly trained team of field of service engineers to assure the safe and proper operation of the electrical distribution equipment.
Over last decades, they believe that they have gained invaluable experience in assisting their customers develop new designs, incorporating latest technologies and efficiently utilising their manufacturing facility, equipment and materials and thereby constantly improving their product offerings, structure and functional design so as to meet their customers’ needs.
They undertake manufacture and supply of finished products and intermediate-stage products for their customers on contract basis depending upon the demand from them.
Cospower Engineering – Promoters Experience
Their Promoters Mr. Oswald D’Souza and Mr. Felix Kadam have an experience of about more than 2 decades each in electrical and engineering industry. They have been the guiding force to take timely decisions and have served as an invaluable mentor for strategy formulation for their company. For the detailed information regarding experience of their promoters and directors, refer to “Their Management” beginning on page 112of this Draft Prospectus.
Cospower Engineering – Quality and Advancement
Their Company is fully committed towards delivering products that will not only meet the expectations of the customers but exceed them as well to add a smile on their faces. And for achieving this objective, it is vital that the company upgrades the quality and range of its products to maintain the winning edge over its competitors.
The engineers of the company are trained to face the market’s challenge. Every engineer of the company are equipped and specialized to satisfy the client’s needs. The ongoing training programs of the company are designed such that field engineers can independently handle the most intricate issues faced in the field during erection and maintenance of electrical equipment.
Cospower Engineering Manufacturing Unit
Their manufacturing unit is located at Vasai in Maharashtra. Their manufacturing facility is equipped with requisite infrastructure including machinery, other handling equipment to facilitate smooth manufacturing process.
Moreover, the Environment Management System, Quality Management System and Occupational Health and Safety Management System of their 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.
Cospower Engineering Limited: Business strategies
- Brand Image
- Strengthening relationship with existing customers and widen their customer base
- Effective Utilization of Funds and Resources
- Continue to expand and increase production capacity
- Continue to improve operational efficiencies and cost competitiveness continuously
- Focus on consistently meeting quality standards
Cospower Engineering Ltd – Financial Statements
On the basis of Standalone statement:
| Amount (in INR & Lakhs) | ||||
| 30-Dec-19 | 31-Mar-19 | Mar-18 | 31-Mar-17 | |
| Total Assets | 955.69 | 930.91 | 957.75 | 879.38 |
| Total Revenue | 748.88 | 1,303.26 | 860.75 | 957.09 |
| Total Expense | 705.86 | 1,232.37 | 830.22 | 909.61 |
| Profit After Tax | 24.86 | 51.73 | 19.24 | 27.58 |
Earnings per Equity Share (in Lakhs)
| Amount (in INR & Lakhs) | ||||
| 30-Dec-19 | Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Basic & Diluted | 2.49 | 5.17 | 1.92 | 2.76 |
Cospower Engineering IPO – Promoters
The Promoter of this company is:
- MR. OSWALD ROSARIO DSOUZA
- MR. FELIX SHRIDHAR KADAM
List of Related Parties (Key Managerial Personnel)
- Ms. Garima Garg, Company Secretary and Compliance Officer
- Mr. Hiren Sonlanki, Chief Financial Officer
Interest in promotion of the Company
Their Promoters are interested in their Company to the extent that they have promoted their Company and to the extent of their respective shareholding in their Company and the dividends payable, if any, and any other distributions in respect of such shareholding.
Interests of Promoter in property of their Company
Their Promoters are not interested in the properties acquired or proposed to be acquired by their Company in the three years (3) preceding the date of this Draft Prospectus, or in any transaction by their Company for the acquisition of land, construction of building or supply of machinery.
Cospower Engineering IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 4,00,000 Equity Shares, aggregating up to Rs.[●] lakhs |
| Of which: | |
| Market Maker Reservation Portion | 24,000 Equity Shares, aggregating up to Rs.[●] lakhs |
| Net Issue to the Public* | Up to 3,76,000 Equity Shares, aggregating up to Rs.[●] lakhs |
| Of which: | |
| Upto 1,88,000 Equity Shares aggregating to Rs. [●] Lakhs will be available for allocation to Retail Individual Investors(a). | |
| Upto 1,88,000 Equity Shares aggregating to Rs. [●]Lakhs will be available for allocation to investor other than Retail Individual Investors (b). | |
| Equity Shares outstanding prior to the Issue | 11,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | [●] Equity Shares |
Cospower Engineering IPO Issue Object
The Issue includes a fresh Issue up to 4,00,000 Equity Shares of their Company at an Issue Price of Rs. [●] per Equity Share. They intend to utilize the proceeds of the Issue to meet the following objects:-
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Cospower Engineering Limited: Competitive Strength
- Quality standards and ISO certified organisation
- Experienced and professional management team
- Stable customer base
- Wide product range and product segments
- Well established manufacturing facility
Cospower Engineering IPO – Basis of the Offer Price
The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.
Qualitative factors are:
- Quality standards and ISO certified organisation
- Experienced and professional management team
- Stable customer base
- Wide product range and product segments
- Well established manufacturing facility
Cospower Engineering IPO – Quantitative Factors
| Basic & Diluted EPS | RONW in % | NAV (Rs.) | |
| 31-Mar-17 | 2.76 | 31.53% | – |
| 31-Mar-18 | 1.92 | 18.03% | – |
| *31-Mar-19 | 5.17 | 32.65% | 15.84 |
- Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.[●] per each
| Particulars | P/E ratio |
| Highest | – |
| Average | – |
| Lowest | – |
Cospower Engineering Limited: Competitive Peers
Their Company is engaged in the business of manufacturing of electrical panels, harmonic filters and substation and equipment mounting structure and providing turnkey services which involves supply, installation, commissioning, testing and comprehensive maintenance of electric products.
They believe that there are no listed companies in India which are solely engaged in same type of business like ours. Hence, a strict comparison is not possible.
Cospower Engineering IPO Lead Managers
| Lead Managers |
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Plot No. 1/B, 1/A, Survey No. A-12, Ram Nagar, Borivali (West), Mumbai- 400092. Tel: +91 22 2808456 Email: shrenishares@gmail.com Website: www.shreni.in Investor Grievance Email: info@shreni.in Contact Person: Mr. Parth Shah SEBI Registration No.: INM000012759 |
Cospower Engineering IPO Registrar to Offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai – 400059, Maharashtra, India. Tel. No: +91 22 62638200; Fax No.:+91 22 62638280 E-mail: ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Swapnil Kate SEBI Registration No.:INR000001385 |
Cospower Engineering IPO – Other Details:
- Statutory Auditor – A BIYANI & CO.
- Legal Counsel to the Company – ASHA AGARWAL & ASSOCIATES
- Bankers to the Company -KOTAK MAHINDRA BANK
Cospower Engineering IPO Review by Top 10 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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