Cosmic CRF Limited, a prominent manufacturer of high-performance brake pads and rotors in India, has announced the launch of its initial public offering (IPO) on June 14. The IPO presents an opportunity for investors to participate in the company’s growth and expansion plans. In this article, we will provide essential information about the Cosmic CRF IPO, including key dates, issue size, and pricing details.
Key Details of the Cosmic CRF IPO
- Issue Size: The IPO comprises a fresh issue of equity shares worth ₹30 crore and an offer for sale (OFS) of up to 1,522,000 equity shares by existing shareholders. In total, the issue size amounts to 1,822,000 equity shares.
- Price Band: The price band for the Cosmic CRF IPO has been set at ₹314 to ₹330 per share. This range provides potential investors with a guideline for placing their bids.
- Issue Dates: The IPO will open for subscription on June 14 and close on June 16, giving investors a limited timeframe to participate in the offering.
- Lead Managers: ICICI Securities, Equirus Capital, and HDFC Bank have been appointed as the lead managers for the Cosmic CRF IPO. These renowned financial institutions will oversee the management and execution of the offering.
- Grey Market Premium (GMP): The grey market premium for the Cosmic CRF IPO is currently trading at ₹10-15 per share. This indicates a positive sentiment among investors and suggests potential demand for the company’s shares.
Applying for the Cosmic CRF IPO
Investors interested in participating in the Cosmic CRF IPO can apply through both online and offline channels. The minimum application amount for the IPO is ₹12,520, which corresponds to 400 shares. Investors should carefully consider their investment objectives and conduct thorough research before making their investment decision.
Upon successful completion of the IPO, the shares of Cosmic CRF Limited will be listed on the BSE SME Exchange, providing investors with an opportunity to trade the company’s shares on a recognized stock exchange.
About Cosmic CRF Limited
Cosmic CRF Limited is a leading manufacturer of high-performance brake pads and rotors in India. The company enjoys a strong brand presence and maintains a wide distribution network. With consistent growth over the years, Cosmic CRF has established itself as a trusted name in the industry.
Conclusion
The upcoming IPO of Cosmic CRF Limited presents an exciting opportunity for investors to be a part of the company’s growth story. The IPO, scheduled to launch on June 14, offers equity shares worth ₹30 crore through a fresh issue and an offer for sale by existing shareholders. With a price band of ₹314 to ₹330 per share, the IPO is expected to raise ₹60.13 crore.
Investors are advised to conduct their own due diligence and research before investing in the Cosmic CRF IPO. While the company has a favorable track record, it is important to consider the uncertainties associated with future performance. Cosmic CRF’s IPO is managed by ICICI Securities, Equirus Capital, and HDFC Bank, prominent names in the financial industry.
Follow us for more updates on the latest IPOs and market trends. Thank you for reading!
