Cosmic CRF Limited IPO : Company Highlights

Cosmic CRF Limited IPO is set to launch on 14 June, 2023. The company initiated the business operations in the year 2021. Cosmic CRF is a supplier of cold rolled stainless sections to manufacturing companies. The company’s client list includes Hindusthan Engineering & Industries Limited, Titagarh Wagons Limited, Melbrow Engineering Works Private Limited, Allied Construction Engineers & Fabricators, Jindal Rail Infrastructure Limited etc. Cosmic CRF also supplies its product to the railways via tender offers. 

The company has a manufacturing unit in West Bengal which it got while it acquired the CRF unit of Cosmic Ferro Alloys Limited. The land is spread over 3.82 acres and the acquisition also got the company plant, assets, machinery and the liabilities. 

Cosmic CRF Limited IPO DETAILS

Cosmic CRF Limited IPO is set to launch on 14 June, 2023. The subscription timeline extends till 16 June, 2023. The size for the IPO is 60.13 Crore Rs. Shares issued through fresh issue mode are worth 60.13 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 400 shares and the price is 314 to 330 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Mas Services Private Limited.

Tabular Description of Cosmic CRF Limited IPO

IPO OPENING DATE	14 June, 2023
CLOSING DATE FOR IPO	16 June, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	313 to 330 Rs per share
LOT SIZE	400 shares
MINIMUM ORDER QUANTITY	400 shares
ISSUE SIZE	60.13 Crore Rs.
OFFER FOR SALE	No shares are issued through Offer for sale mode
FRESH ISSUE	60.13 Crore Rs.
LISTING AT	BSE SME
LISTING DATE	26 June, 2023

Cosmic CRF Limited IPO : IMPORTANT DATES

IPO OPENING DATE	14 June, 2023
CLOSING DATE FOR IPO	16 June, 2023
IPO ALLOTMENT DATE	21 June, 2023
REFUNDS	22 June, 2023
DEMAT A/C CREDITED ON	23 June, 2023
IPO LISTING DATE	26 June, 2023

Cosmic CRF Limited IPO begins for subscription from 14 June 2023. The IPO subscription would continue till 16 June, 2023. The allotment status for the shareholders who applied would come on 21 June, 2023. The refunds for the ones who did not get allotment would be initiated on 22 June, 2023. The DEMAT accounts of shareholders would be credited on 23 June, 2023. The listing of the company would be accompanied on 26 June, 2023.

Cosmic CRF Limited IPO : Lead Managers

The lead managers are :

• Horizontal FInancial Private Limited

The minimum lot size for the company is decided at 400 shares. This holding accounts to 132000 Rs.. The maximum lot size is decided at 800 shares (HNI). This amounts to 264000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	400 shares	132000 Rs.
Maximum	800 shares	264000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The Issue proceeds will be utilised for fulfilling the working capital requirements.
• The Money will be utilised for repayment of borrowings.
• The Money will be utilised for expansion purposes.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	March 2022	March 2023
ASSETS	1605	6875
Revenue	–	12149
PAT	(-11.80)	641.20

Cosmic CRF had an asset base of 1605 Lakh Rs in 2022. The company made a loss of 11.80 Lakh Rs in that year. However the 2023 record is really good for the company. Against the asset base of 6875 Lakh Rs the company generated 12149 Lakh Rs of revenue and profit of the company was 641.20 Lakh Rs.

PROS

• Cosmic CRF’s client list includes Hindusthan Engineering & Industries Limited, Titagarh Wagons Limited, Melbrow Engineering Works Private Limited, Allied Construction Engineers & Fabricators, Jindal Rail Infrastructure Limited etc.
• The company also supplies its product to the railways via tender offers.
• The company has a manufacturing unit in West Bengal which it got while it acquired the CRF unit of Cosmic Ferro Alloys Limited. The land is spread over 3.82 acres and the acquisition also got the company plant, assets, machinery and the liabilities.

CONS

• The company works into a very competitive segment.

Cosmic CRF Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Cosmic CRF Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.