Cosmic CRF Limited
IPO Details
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Cosmic CRF Limited's has transitioned to a publicly listed entity following its IPO debut on Jun 30, 2023 at the BSE exchange. The public offering successfully raised 18,22,000 Shares, consisting of 18,22,000 Sharesin new capital.
The IPO featured a competitive price range of ₹298 to ₹314 and minimum application size of 400 shares. Market reception was evidenced through subscription activity between Jun 14, 2023 and Jun 21, 2023, reflecting investor appetite for the offering.
Allotment of shares was completed on Jun 26, 2023, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2021, Cosmic CRF Limited is engaged in supplying cold-rolled stainless sections to manufacturing companies and directly to Indian Railways through tender procurement. Its major clients include Titagarh Wagons, Hindusthan Engineering & Industries, Melbrow Engineering Works, Jindal Rail Infrastructure, and Allied Construction Engineers & Fabricators. Through a Business Transfer Agreement dated January 19, 2022, Cosmic CRF acquired the CRF unit of Cosmic Ferro Alloys Limited in West Bengal, spanning 3.82 acres. The unit produces cold-rolled stainless sections for railways, infrastructure, EPC projects, and highways. As of March 31, 2023, the company’s order book stood at ₹53,640.82 lakhs.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Aditya Vikram Birla
Cosmic CRF Limited
Mas Services Limited