Cospower Engineering Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

17 Mar 2020

Close Date

19 Mar 2020

Allotment

25 Mar 2020

Listing Date

30 Mar 2020

Exchange

BSE SME

Price Band

₹51

Listing Price

See chart

Allotment Status

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Price Band

₹51

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

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

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹102,000

1 lot

Pre-IPO Holding

11,00,000 shares

Promoters

Post-IPO Holding

15,00,000 shares

Promoters

P/E (Pre)

23x

UPI Deadline

2020-03-19

Mandate

Anchor AllotmentMon, 16 Mar 2020

Basis of AllotmentWed, 25 Mar 2020

Refund InitiationThu, 26 Mar 2020

Demat CreditThu, 26 Mar 2020

Listing DayMon, 30 Mar 2020

UPI Mandate Deadline2020-03-19

Sale TypeFresh Capital

Net Offer to Public3,76,000 shares (aggregating up to ₹1.92 Cr)

Market Maker Quota24,000 shares (aggregating up to ₹0.1224 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Cospower Engineering Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 19 Mar 2020.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	24,000	—	₹0.12
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	400,000	100%	₹2.04

IPO Shares Offered

Cospower Engineering Ltd. IPO total issue size: ₹2.04 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	24,000	₹0.12	6.00%
Total	400,000	₹2.04	100.00%

* Based on upper price band ₹51 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹51.00

Upper Band

Min Investment

₹102,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹204,000
Retail (Max — 13 Lots)	13	26,000	₹1,326,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,428,000
B-HNI (Min — 68 Lots)	68	136,000	₹6,936,000

* Issue Price ₹51 × Lot Size 2,000 shares

IPO Schedule

Anchor

16 Mar 2020

✓ Done

IPO Open

17 Mar 2020

✓ Done

IPO Close

19 Mar 2020

✓ Done

Allotment

25 Mar 2020

✓ Done

Refunds

26 Mar 2020

✓ Done

Demat Credit

26 Mar 2020

✓ Done

Listing Day

30 Mar 2020

✓ Done

₹51.00

INR · BSE

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Issue ₹51.00 Live Price

About Cospower Engineering Ltd.

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 Strengths1. ISO certified organization2. Wide product range3. In-house manufacturing unit

Objects of the Issue

To meet Working Capital requirements

General Corporate Purpose

Cospower Engineering Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹860.8

31-Mar-18

₹1,303.3

31-Mar-19

₹748.9

31-Dec-19

Profit After Tax (PAT)

₹19.2

31-Mar-18

₹51.7

31-Mar-19

₹24.9

31-Dec-19

Particulars	31-Dec-19	31-Mar-19	31-Mar-18
Revenue from Operations	748.88	1303.26	860.75
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	24.86	51.73	19.24
Net Worth	N/A	N/A	N/A
Total Assets	955.69	955.69	957.75
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered4,00,000 (100.00%)

Net Offer to Public3,76,000 shares (aggregating up to ₹1.92 Cr)

Reserved for Market Maker24,000 shares (aggregating up to ₹0.1224 Cr)

Pre-Issue Promoter Holding11,00,000 shares

Post-Issue Promoter Holding15,00,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

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

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Book Running Lead Managers

Shreni Shares Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Cospower Engineering Ltd. IPO subscribed? ▲

Cospower Engineering Ltd. IPO is subscribed 1.00 times by Mar 19, 2020. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Cospower Engineering Ltd. IPO retail subscription status? ▼

The Cospower Engineering Ltd. IPO retail category is subscribed 1.00 times as of 19 Mar 2020. The retail portion is oversubscribed.

How to subscribe Cospower Engineering Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 17 Mar 2020 and closes 19 Mar 2020. Min investment: ₹102,000 (1 lot = 2,000 shares). UPI mandate: 2020-03-19.

How many times Cospower Engineering Ltd. IPO subscribed? ▼

The Cospower Engineering Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Cospower Engineering Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 25 Mar 2020. Refunds: on 26 Mar 2020.

When Cospower Engineering Ltd. IPO will be listed? ▼

The Cospower Engineering Ltd. IPO listing date is 30 Mar 2020, Monday. Listed on: BSE SME. Issue price: ₹51. Estimated listing: ₹51. GMP: NIL.

When Cospower Engineering Ltd. IPO close? ▼

The Cospower Engineering Ltd. IPO closes on 19 Mar 2020, Thursday. UPI mandate: 2020-03-19. Allotment: 25 Mar 2020. Listing: 30 Mar 2020.

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Live Price LIVE

Last Price₹51.00

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Issue Price₹51.00

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Quick Summary

StatusListed

Issue Price₹51

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹102,000

GMPNIL

Est. Listing₹51

Subscribed1.00x

Open Date17 Mar 2020

Close Date19 Mar 2020

Allotment25 Mar 2020

Listing Date30 Mar 2020

ExchangeBSE SME

UPI Deadline2020-03-19