Cosmic CRF IPO Date, Price, Review, Allotment

Introduction

The Cosmic CRF IPO is generating significant buzz in the investment community. As the IPO date approaches, investors are keen to learn more about this opportunity. In this article, we will delve into the details of the Cosmic CRF IPO, including the IPO date, price, review, and allotment process. By the end of this article, you will have a comprehensive understanding of this upcoming IPO and be better equipped to make informed investment decisions.

Cosmic CRF IPO GMP  – _____/-

Cosmic CRF IPO Overview

Cosmic CRF is a BSE SME IPO aimed at raising ₹[.] crores via the IPO route. The company operates in defense sector, providing . With the IPO, Cosmic CRF aims to . This IPO presents an exciting opportunity for investors to be part of Cosmic CRF’s growth journey.

IPO Date and Timeline

The IPO date for Cosmic CRF has been set for June 14, 2023, and will remain open for subscription until June 16, 2023. During this period, interested investors can apply for shares through the designated channels. It is important to note that the IPO timeline is subject to change, so it is advisable to stay updated with the latest announcements from Cosmic CRF and the regulatory authorities.

IPO Price and Market Lot

The price band for the Cosmic CRF IPO has been fixed at ₹314 to ₹320 per share. This price band indicates the range within which investors can bid for shares. The market lot for the IPO is set at 400 shares, meaning that investors need to bid for a minimum of 400 shares in one application. The IPO price and market lot are crucial factors to consider while evaluating the investment opportunity presented by Cosmic CRF.

Cosmic CRF IPO Review

• To be updated soon

Cosmic CRF IPO Date & Price Band Details

Cosmic CRF IPO Market Lot

The Cosmic CRF IPO minimum market lot is 400 shares with a ₹128,000 application amount.

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.

Company Background and Operations

The company supplies cold rolled stainless sections to renowned wagon manufacturers such as Titagarh Wagons Limited, Hindusthan Engineering & Industries Limited, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited, Allied Construction Engineers & Fabricators, etc. In addition, the company also supplies cold rolled stainless sections to direct orders of the railways through tender procurement. Its product portfolio largely consists 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.

Financial Performance and Projections

As of 31 March 2023, Cosmic CRF’s order book stood at INR 536.41 crore, out of which orders amounting to INR135.66 crore have been executed. Further, as of 31 March 2023, the company has completed 25 orders for the supply of cold rolled stainless sections and 23 orders are ongoing.

Pursuant to the Business Transfer Agreement dated 19 January 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.

Key Risks and Challenges

Investing in any IPO carries inherent risks and challenges. It is crucial for investors to be aware of these factors and assess their impact on the investment decision. Some of the key risks associated with the Cosmic CRF IPO include [insert potential risks or challenges]. By understanding and evaluating these risks, investors can make a more balanced and informed judgment.

Conclusion

The Cosmic CRF IPO presents an exciting opportunity for investors to participate in the growth journey of a promising company. With a fixed IPO date from June 14 to June 16, 2023, and a price band of ₹314 to ₹320 per share, the IPO offers an avenue for potential returns. However, investors should conduct thorough research, consider the company’s financial performance, evaluate the competitive landscape, and assess the risks involved before making investment decisions. Stay updated with the latest announcements regarding the Cosmic CRF IPO to ensure you don’t miss out on this investment opportunity.

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