Cospower Engineering Limited

Offer PeriodMar 17, 2020 – Mar 19, 2020

BSE - SMEListed

Listed Price

₹51.00

+0.00%

Price Band₹51 - ₹51

Lot Size2,000 Shares

Allotment DateMar 25, 2020

Listing DateMar 30, 2020

Subscription-

Issue Size₹2.04 Cr

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IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹0
(0.00%)

Premium (ELP)

Cospower Engineering Limited's successfully completed its Initial Public Offering and commenced trading on Mar 30, 2020 at the BSE exchange. The company raised 4,00,000 Shares through this public offering, comprising TBD in fresh capital.

The IPO was priced within the band of ₹51 to ₹51, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from Mar 17, 2020 to Mar 19, 2020.

Share allotment was finalized on Mar 25, 2020, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Cospower Engineering IPO Details

IPO Date

Mar 17, 2020 to Mar 19, 2020

Allotment Date

Mar 25, 2020

List Date

Mar 30, 2020

Lot Size

2,000 share

Issue Price

₹51 - ₹51

Issue Size

4,00,000 (aggregating up to 2.04 Cr)

Fresh Issue

Offer For Sale

Listing At

BSE

Share Holding Pre-Issue

11,00,000

Share Holding Post-Issue

15,00,000

Market Marker Portion

24,000

First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.

Lot(s) Distribution

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.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	2000	1,02,000
HNI	2	4000	2,04,000

IPO Reservation

Shares4,00,000

Market Maker

6.00%(24,000)

HNI

47.00%(1,88,000)

RETAIL

47.00%(1,88,000)

Total

100.00%(4,00,000)

Cospower Engineering IPO Key Performance Indicators

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KPI

KPI
No data

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Company Financials (in Lakhs)

Period Ended	Dec-19	Mar-19	Mar-18	Mar-17

Period Ended	Dec-19	Mar-19	Mar-18	Mar-17
Assets	955.69	930.91	957.75	879.38
Revenue	748.88	1,303.26	860.75	957.09
Net Worth	0	0	0	0
profit After Tax	24.86	51.73	19.24	27.58
Reserves And Surpluse	0	0	0	0
Total Borrowing	0	0	0	0

Cospower Engineering IPO About Company

Cospower Engineering Limited, established in 2010, is engaged in manufacturing electrical panels, mounting structures, harmonic filters, and substations, while also offering turnkey services such as supply, installation, testing, commissioning, and maintenance of electrical systems. The company undertakes customized, contract-based manufacturing to meet specific customer requirements and also sources certain products from third-party vendors when needed. Supported by a skilled technical team, Cospower executes turnkey projects aimed at ensuring safe and efficient electrical distribution, with its manufacturing facility located in Vasai, Maharashtra, equipped with the required machinery and tools for production.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Cospower Engineering IPO Strength Factors

Officially ISO certified
Offers a large variety of products
Has its own manufacturing facility

⚠️Cospower Engineering IPO Risk Factors

🏦Cospower Engineering IPO Lead Manager(s)

Shreni Shares Limited

👤Cospower Engineering IPO Promoter(s)

Mr. Oswald Rosario Dsouza
Mr. Felix Shridhar Kadam

🏢Cospower Engineering IPO Company Details

Cospower Engineering Limited

Email:cs@cospowerindia.com

Phone:+91 22-40129990

Website:https://cospowerindia.com/

address:Flat No.203, 2nd Floor, Kesarinath Apartments, S.V. Road, Opp. Vijay Sales, Goregaon West, Mumbai, Maharashtra - 400062

📋Cospower Engineering IPO Registrar

Bigshare Services Private Limited

Name:Bigshare Services Private Limited

Phone:+91-22-6263 8200

Email:ipo@bigshareonline.com

Website:https://ipo.bigshareonline.com/IPO_Status.html

❓Cospower Engineering IPO FAQs

Cospower Engineering IPO is a main-board IPO of 0 equity shares of the face value of ₹10 per share aggregating up to ₹0.00 crore shares. The issue is priced at ₹51 - ₹51 per share. The minimum order quantity is .The IPO opens on Mar 17, 2020, and closes on Mar 19, 2020. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

Zerodha customers can apply online in Cospower Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Cospower Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Cospower Engineering IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Cospower Engineering IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Cospower Engineering IPO opens on Mar 17, 2020 and closes on Mar 19, 2020.

You can apply in Cospower Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Cospower Engineering IPO will be done on Mar 25, 2020, and the allotted shares will be credited to your demat account by Mar 25, 2020

Cospower Engineering IPO's listing date is Mar 30, 2020.

Cospower Engineering Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹0(0.00%)

Premium (ELP)

₹0
(0.00%)