Equity shares in Cosmic CRF Limited will be issued via a book built issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for Cosmic CRF Limited is set for the week of June 14 – June 16, 2023.The issue is priced at ₹314 to ₹330 per share. The minimum order quantity is 400 Shares. With a face value of Rs. 10, each of the 1,822,000 shares up for sale in the IPO may bring in as much as 60.13 Cr. for the company. Let’s learn more about their initial public offering scheduled for June of 2023.
About Cosmic CRF Limited
Cosmic CRF Limited began providing cold-rolled stainless sections to factories in 2021. Titagarh Wagons Limited, Hindusthan Engineering & Industries Limited, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited, Allied Construction Engineers & Fabricators, etc. are among the company’s clientele. Through tender procurement, Cosmic CRF also provides cold rolled stainless sections for direct orders from the railroad industry.
Cosmic Ferro Alloys Limited’s CRF unit was bought by the firm per the terms of a Business Transfer Agreement dated January 19, 2022. Plant, machinery, assets, and liabilities were all included in the sale of a West Bengal manufacturing facility that was about 3.82 acres in size. Products for railways, coaches, and wagons, as well as those for infra businesses and EPC projects, as well as those for roads and national highways, are among the many types of cold-rolled stainless sections produced by the unit.
Cosmic CRF Limited IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 14th June 2023 |
| Issue Closes | 16th June 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 314 to Rs. 330 Per Share |
| Issue Size | 1,822,000 Shares (Rs 60.13 crores) |
| Minimum Order Quantity | 400 Shares |
| Listing | BSE, SME |
Purpose of the Issue
Following are some of the ways the company plans on putting the Net Proceeds from the Issue to use:
- Prioritizing the prepayment or repayment of all or a portion of certain unsecured loans.
- Funding the development of an existing manufacturing unit.
- Meeting working capital needs.
- Funding general corporate purposes.
Cosmic CRF Limited — Company Contact Details
- Registered & Corporate Office: 19, Monohar Pukur Road, Kolkata 700 029
- Telephone: +91 810 086 2182
- Website: https://cosmiccrf.com/
Cosmic CRF Limited IPO – Lead Managers of the Issue
Horizon Financial Pvt Ltd
- Office Address: 56E, Hemanta Basu Sarani Stephen House, 4th Floor, Room #62 KOLKATA – 700001
- Telephone: 03340675333
- Email: query@horizon.net.co
Cosmic CRF Limited IPO – Registrar of the Issue
Mas Services Limited
- Telephone: (011) 2610 4142
- Email: info@masserv.com
- Website: http://www.masserv.com
Cosmic CRF Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
