Cosmic CRF IPO: Cosmic CRF IPO Details: Cosmic CRF IPO date is fixed, The IPO will open on June 14 and will close on June 16, 2023. Cosmic CRF is an BSE SME IPO. Cosmic CRF IPO is an SME IPO of 1,822,000 equity shares of a face value of ₹10 aggregating up to ₹60.13 Crores. The issue is priced at ₹314 to ₹330 per share. The minimum order quantity is 400 Shares.
Cosmic CRF IPO Dates
The Cosmic CRF IPO date is June 14 and the IPO close date is June 16. The IPO allotment date is June 21 and the IPO might list on June 26. The finalization of the Basis of Allotment for Cosmic CRF IPO will be done on Wednesday, 21 June 2023, and the allotted shares will be credited to your demat account by Friday, 23 June 2023. The Cosmic CRF IPO listing date is Monday, 26 June 2023..
Cosmic CRF IPO Details
| IPO Date | Jun 14, 2023 to Jun 16, 2023 |
| Face Value | ₹10 per share |
| Price | ₹314 to ₹330 per share |
| Lot Size | 400 Shares |
| Total Issue Size | 1,822,000 shares (aggregating up to ₹60.13 Cr) |
| Fresh Issue | 1,822,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 91,200 shares |
| Market Maker Shares Offered | 91,200 (5.01%) |
| QIB Shares Offered | 34,400 (1.89%) |
| NII (HNI) Shares Offered | 398,400 (21.87%) |
| Retail Shares Offered | 1,298,000 (71.24%) |
| Total Shares Offered | 1,822,000 (100%) |
Important Dates of Cosmic CRF IPO
Cosmic CRF IPO opens on Jun 14, 2023, and closes on Jun 16, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Wednesday, 14 June 2023 |
| Closing Date | Friday, 16 June 2023 |
| Basis of Allotment | Wednesday, 21 June 2023 |
| Initiation of Refunds | Thursday, 22 June 2023 |
| Credit of Shares to Demat | Friday, 23 June 2023 |
| Listing Date | Monday, 26 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 16, 2023 |
Cosmic CRF IPO Lot Size
The Cosmic CRF IPO lot size is 400 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹132,000 |
| Retail (Max) | 1 | 400 | ₹132,000 |
| HNI (Min) | 2 | 800 | ₹264,000 |
Objects of the Cosmic CRF IPO
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
- Funding the expansion of existing manufacturing units.
- Funding of working capital requirement.
- Prepayment or repayment of all or a portion of certain unsecured loans.
- General Corporate Purposes.
About Cosmic CRF Limited IPO
Cosmic CRF Limited, a corporation founded in 2021, provides manufacturing businesses with cold-rolled stainless sections.
Allied Construction Engineers & Fabricators, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited, Titagarh Waggons Limited, Hindusthan Engineering & Industries Limited, and others are among the company’s clients. In addition, Cosmic CRF provides cold-rolled stainless steel sections in response to express rail orders obtained through competitive bidding.
The CRF unit of Cosmic Ferro Alloys Limited was purchased by the firm under the Business Transfer Agreement dated January 19, 2022. In addition to a manufacturing facility in West Bengal with a floor area of roughly 3.82 acres, the transaction also included plant, machinery, assets, and liabilities. The facility produces a variety of cold-rolled stainless steel sections, including products for roads, national highways, and coaches and wagons. It also produces cold-rolled shaped items for infra businesses and EPC projects.
As of March 31, 2023, the company had an order book worth a total of 53,640.82 lakhs, out of which orders worth 13,566.33 lakhs had been completed and orders worth 40,074.48 lakhs were still pending. In addition, the company had fulfilled 25 orders for the supply of cold-rolled stainless sections as of March 31, 2023, while 23 further orders were still pending.
They have also entered into the field of manufacturing and marketing cold rolled stainless sections which are customizable in nature and which are built with a solution-oriented technique to suit the varying needs of our customers, such as CRF Sections for bogie-covered fly cement wagon and bogie open high sided with air breaks axle load wagon to run faster and made specially to be used in the dedicated freight corridor.