Cospower Engineering IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

Let’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.Stock Broker Complaints


Cospower Engineering IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.4/10
Industry Ranking7.1/10
Company Background8.2/10
Company Reputation7.7/10
Competitive Edge7.2/10
Financial Statements8.0/10
Popularity Index7.6/10
Promoters Reputation8.0/10
Retail Appetite7.5/10
Top Brokers Review8.1/10
Overall Ratings7.5/10
Star Ratings★★★★☆

Summary of Cospower Engineering IPO

Cospower Engineering IPOTheir 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 / DateQIBNIIRIITotal 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-1931-Mar-19Mar-1831-Mar-17
Total Assets955.69930.91957.75879.38
Total Revenue748.881,303.26860.75957.09
Total Expense705.861,232.37830.22909.61
Profit After Tax24.8651.7319.2427.58

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
30-Dec-19Mar-1931-Mar-1831-Mar-17
Basic & Diluted2.495.171.922.76

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 OfferedUp to 4,00,000 Equity Shares, aggregating up to Rs.[●] lakhs
 Of which:
Market Maker Reservation Portion24,000 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 Issue11,00,000 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 EPSRONW in %NAV (Rs.)
31-Mar-172.7631.53%
31-Mar-181.9218.03%
*31-Mar-195.1732.65%15.84
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.[●] per each
ParticularsP/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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Cospower Engineering IPO Grey Market Premium

The Cospower Engineering IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Cospower Engineering IPO News

News 1Cospower Engineering IPO [Download DRHP Prospectus]


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