Cospower Engineering Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 188,000 (47%) | — | ₹96 Cr |
| Retail | — | 188,000 (47%) | — | ₹96 Cr |
| Market Maker | — | 24,000 (6%) | — | ₹1 Cr |
| Σ Total | — | 400,000 (100%) | — | ₹2,040 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹102,000 |
| Retail (Max) | 13 | 26,000 | ₹1,326,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,428,000 |
| B-HNI (Min) | 67 | 134,000 | ₹6,834,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Dec-19 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Revenue | 749 | 1,303 | 861 |
| Profit After Tax | 25 | 52 | 19 |
| Total Assets | 956 | 956 | 958 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet Working Capital requirements – 1.18
- General Corporate Purpose – 0.38
Company Overview
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