Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Cospower Engineering IPO is a fixed price issue of Rs 2.04 crores.
Cospower Engineering IPO bidding started from March 17, 2020 and ended on March 19, 2020. The shares got listed on BSE SME on March 30, 2020.
Cospower Engineering IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
Shreni Shares Limited is the book running lead manager of the Cospower Engineering IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Cospower Engineering IPO RHP for detailed information.
| IPO Date | March 17, 2020 to March 19, 2020 |
| Listing Date | March 30, 2020 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 400,000 shares (aggregating up to ₹2.04 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,100,000 |
| Share holding post issue | 1,500,000 |
| Market Maker portion | 24,000 shares |
Cospower Engineering IPO offers 400,000 shares. 188,000 (47.00%) to NII, 188,000 (47.00%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 24,000 (6.00%) |
| Other Shares Offered | 188,000 (47.00%) |
| Retail Shares Offered | 188,000 (47.00%) |
| Total Shares Offered | 400,000 (100%) |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| Lot Size Calculator | |||
Mr. Oswald Rosario Dsouza and Mr. Felix Shridhar Kadam are the promoters of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.33% |
Incorporated in 2010, Cospower Engineering Limited is engaged in the manufacturing of electrical panels, equipment mounting structure, harmonic filters, and substation. It is also involved in offering turnkey services such as commissioning, installation, comprehensive maintenance, supply, and testing of electric products. The company also purchases a few products from other companies.
Cospower Engineering has a trained team to deal with various turnkey services for safe & proper functioning of electrical distribution equipment. The company manufactures and supplies the products on a contract basis as per customer requirements.
The manufacturing unit of the company is located at Vasai, Maharashtra. The facility is well-equipped with the required machinery and equipment.
Competitive Strengths
1. ISO certified organization
2. Wide product range
3. In-house manufacturing unit
| Particulars | For the year/period ended (Rs in Lakh) | ||||
|---|---|---|---|---|---|
| 31-Dec-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 955.69 | 930.91 | 957.75 | 879.38 | |
| Total Revenue | 748.88 | 1,303.26 | 860.75 | 957.09 | |
| Profit After Tax | 24.86 | 51.73 | 19.24 | 27.58 | |
The market capitalization of Cospower Engineering IPO is Rs 7.65 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 23 |
The company intends to utilize the proceeds of the Issue to meet the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
[Dilip Davda] CEL's financial performance is showing inconsistency. Thanks to shares issued at Rs. 127 that boosted its NAV. Based on the latest restated financial parameters, the issue is aggressively priced. There is no harm in giving this issue a miss. Read detail review...
The Cospower Engineering IPO is subscribed 1.53 times on March 19, 2020 6:49:23 PM. The public issue subscribed 0.69 times in the retail category, times in the QIB category, and 2.36 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.36 |
| Retail | 0.69 |
| Total | 1.53 |
| Listing Date | March 30, 2020 |
| BSE Script Code | 543172 |
| NSE Symbol | |
| ISIN | INE0CQB01010 |
| Final Issue Price | ₹51 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹51.00 |
| ₹51.00 |
| ₹51.00 |
| ₹53.10 |
| ₹53.10 |
Cospower Engineering Ltd
Flat No.203, 2nd Floor, Kesarinath Apartments,
S.V. Road, Opp. Vijay Sales, Goregaon West,
Mumbai, Maharashtra - 400062
Phone: +91 22-40129990
Email: cs@cospowerindia.com
Website: https://cospowerindia.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Cospower Engineering IPO is a SME IPO of 400,000 equity shares of the face value of ₹10 aggregating up to ₹2.04 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.
The IPO opens on March 17, 2020, and closes on March 19, 2020.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
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
Visit Zerodha IPO Application Process Review for more detail.
The Cospower Engineering IPO opens on March 17, 2020 and closes on March 19, 2020.
Cospower Engineering IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
You can apply in Cospower Engineering IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Cospower Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Cospower Engineering IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Guru (2200+ Posts, 1100+ Likes)
