
✓
Open
14 Jun 2023
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Close
21 Jun 2023
3
Allotment
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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
| Category | Subscription (times) |
|---|---|
| Total | 1.07x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|
| Assets | 68.75 | 16.05 |
| Total Income | 121.49 | |
| Profit After Tax | 6.41 | -0.12 |
| NET Worth | 16.29 | 8.73 |
| Reserves and Surplus | 6.29 | -0.12 |
| Total Borrowing | 31.51 | 6.72 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Krishca Strapping Solutions Ltd. | SME | ₹17.93 Cr | ₹54 | 3.43 | ₹112.90 | +109.07% | ₹171.60 (-1.89%) |
| De Neers Tools Ltd. | SME | ₹22.99 Cr | ₹101 | null | ₹180.50 | +78.71% | ₹196.45 (+0.74%) |
| Pattech Fitwell Tube Components Ltd. | SME | ₹12.00 Cr | ₹50 | 46.73 | ₹57.75 | +15.50% | ₹114.85 (-1.71%) |
| Maiden Forgings Ltd. | SME | ₹23.84 Cr | ₹63 | 8.38 | ₹59.86 | -4.98% | ₹90.50 (+1.17%) |
| Quality Foils (India) Ltd. | SME | ₹4.52 Cr | ₹60 | 4.16 | ₹97.70 | +62.83% | ₹60.00 (-1.40%) |
| Earthstahl & Alloys Ltd. | SME | ₹12.96 Cr | ₹40 | 4.22 | ₹57.75 | +44.38% | ₹14.92 (+0.00%) |
| Swastik Pipe Ltd. | SME | ₹62.52 Cr | ₹100 | 11.38 | ₹69.30 | -30.70% | ₹17.10 (+4.91%) |
| Rhetan TMT Ltd. | SME | ₹56.00 Cr | ₹70 | 63.64 | ₹66.50 | -5.00% | ₹30.88 (+2.29%) |
| Mangalam Worldwide Ltd. | SME | ₹65.58 Cr | ₹101 | 20.12 | ₹102.55 | +1.53% | ₹36.65 (-0.54%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the expansion of our existing manufacturing unit; | 30.00 |
| 2 | Funding of working capital requirements of the Company; | 10.00 |
| 3 | Prepayment or repayment of all or a portion of certain unsecured loans availed by our Company; and | 11.00 |
| 4 | General Corporate Purposes. | 0.27 |
| Total | 51.27 |
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