Cosmic CRF IPO

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 DateJun 14, 2023 to Jun 16, 2023
Face Value₹10 per share
Price₹314 to ₹330 per share
Lot Size400 Shares
Total Issue Size1,822,000 shares
(aggregating up to ₹60.13 Cr)
Fresh Issue1,822,000 shares
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Market Maker portion91,200 shares
Market Maker Shares Offered91,200 (5.01%)
QIB Shares Offered34,400 (1.89%)
NII (HNI) Shares Offered398,400 (21.87%)
Retail Shares Offered1,298,000 (71.24%)
Total Shares Offered1,822,000 (100%)

Important Dates of Cosmic CRF IPO

Cosmic CRF IPO opens on Jun 14, 2023, and closes on Jun 16, 2023.

EventTentative Date
Opening DateWednesday, 14 June 2023
Closing DateFriday, 16 June 2023
Basis of AllotmentWednesday, 21 June 2023
Initiation of RefundsThursday, 22 June 2023
Credit of Shares to DematFriday, 23 June 2023
Listing DateMonday, 26 June 2023
Cut-off time for UPI mandate confirmation5 PM on Jun 16, 2023

Cosmic CRF IPO Lot Size

The Cosmic CRF IPO lot size is 400 shares.

Retail (Min)1400₹132,000
Retail (Max)1400₹132,000
HNI (Min)2800₹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.