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Cosmic CRF IPO IPO

SME14 Jun 202321 Jun 2023
Open
14 Jun 2023
Close
21 Jun 2023
3
Allotment
Listing
Fri, Jun 30, 2023
Price Band
₹298 to ₹314
Issue Size
18,22,000 shares (agg. up to ₹57 Cr)
Lot Size
400 Shares
Listing Date
Fri, Jun 30, 2023
Latest GMP
₹-1
Est. Gain
-0.32%
✦ AI Insight

GMP Trend

30-06-2023-1Est. ₹313-0.32%
29-06-2023-1Est. ₹313-0.32%
28-06-2023-1Est. ₹313-0.32%

Live Subscription

CategorySubscription (times)
Total1.07x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202331 Mar 2022
Assets68.7516.05
Total Income121.49
Profit After Tax6.41-0.12
NET Worth16.298.73
Reserves and Surplus6.29-0.12
Total Borrowing31.516.72
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Krishca Strapping Solutions Ltd.SME₹17.93 Cr₹543.43₹112.90+109.07%₹171.60 (-1.89%)
De Neers Tools Ltd.SME₹22.99 Cr₹101null₹180.50+78.71%₹196.45 (+0.74%)
Pattech Fitwell Tube Components Ltd.SME₹12.00 Cr₹5046.73₹57.75+15.50%₹114.85 (-1.71%)
Maiden Forgings Ltd.SME₹23.84 Cr₹638.38₹59.86-4.98%₹90.50 (+1.17%)
Quality Foils (India) Ltd.SME₹4.52 Cr₹604.16₹97.70+62.83%₹60.00 (-1.40%)
Earthstahl & Alloys Ltd.SME₹12.96 Cr₹404.22₹57.75+44.38%₹14.92 (+0.00%)
Swastik Pipe Ltd.SME₹62.52 Cr₹10011.38₹69.30-30.70%₹17.10 (+4.91%)
Rhetan TMT Ltd.SME₹56.00 Cr₹7063.64₹66.50-5.00%₹30.88 (+2.29%)
Mangalam Worldwide Ltd.SME₹65.58 Cr₹10120.12₹102.55+1.53%₹36.65 (-0.54%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Funding the expansion of our existing manufacturing unit;30.00
2Funding of working capital requirements of the Company;10.00
3Prepayment or repayment of all or a portion of certain unsecured loans availed by our Company; and11.00
4General Corporate Purposes.0.27
Total51.27

About Cosmic CRF IPO

Incorporated in 2021, Cosmic CRF Limited supplies cold-rolled stainless sections to manufacturing companies. The company's client list includes Titagarh Wagons Limited, Hindusthan Engineering & Industries Limited, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited, Allied Construction Engineers & Fabricators, etc. Cosmic CRF also supplies cold rolled stainless sections to direct orders of the railways through tender procurement. Under the Business Transfer Agreement dated January 19, 2022, the company acquired the CRF unit of Cosmic Ferro Alloys Limited. The purchase included a manufacturing unit in West Bengal spread over an area of approximately 3.82 acres together with plant, machinery, assets, and liabilities. The unit manufactures a range of cold-rolled stainless sections, such as fabricated items for railway, coach & wagons, cold-rolled formed items for wagons and coaches, cold-rolled formed items for infra companies and EPC projects, and products for roadways and national highways. As of March 31, 2023, the total order book value of the company is ₹ 53,640.82 lakhs, out of which orders amounting to ₹ 13,566.33 lakhs have been executed and orders am

Contact Details

Cosmic CRF Ltd. Address19, Monohar Pukur RoadKolkata, West Bengal, 700029+91 810 086 2182cs@cosmiccrf.comVisit Website