| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹57.21 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹57.21 Cr |
| Fresh Issue | ₹54.35 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน298.00-314.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543928 |
| Registrar | MAS Services Ltd. |
| Lead Managers | Horizon Management Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 400 shares and in multiples thereof
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 โน 53,640.82 lakhs, out of which orders amounting to โน 13,566.33 lakhs have been executed and orders amounting to โน 40,074.48 lakhs are ongoing. Further, as of March 31, 2023, the company has completed 25 orders for the supply of cold rolled stainless sections and 23 orders are ongoing.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน 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 |
| 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 | ||
| KPI | |
|---|---|
| RoNW | 39.35% |
| PAT Margin | 5.28% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 13.50 | |
| P/E (x) | 35.64 | |
| Promoter Holding | 98.42% | 72.52% |
| Market Cap | โน228.43 Cr. | |