Cospower Engineering Ltd IPO is all about to make its debut on 17 March 2020, with an issue size of 2.04CR. Cospower Engineering Limited, a company founded in 2010, produces electrical panels, equipment mounting frameworks, harmonic filters, and substations. Additionally, it provides full services for the procurement, commissioning, installation, thorough maintenance, and testing of electrical goods. The business also buys a few items from other businesses.
The staff at Cospower Engineering is skilled in handling a variety of turnkey services for the safe & effective operation of electrical distribution equipment. According to the needs of the customer, the organization makes and supplies the products under contract.
INDUSTRY OVERVIEW
Trade conflicts that have not been resolved and increased foreign policy uncertainty have dimmed the outlook for global growth. The growth forecasts for 2019 have been revised downward for both developed and developing nations. The business mood has deteriorated along with a slump in global commerce, casting a shadow over investment hopes. Major central banks have loosened their monetary policy stances in response to waning economic activity and muted inflationary pressures. India, which has the third-largest economy in terms of purchasing power parity, wants to improve the lives of all its people and reach high-middle income status by the year 2030. Because to strong economic growth between 2011 and 2015, more than 90 million individuals were able to transcend absolute poverty and raise their level of living. India’s growth rate has slowed down during the last two years, though.
Cospower Engineering IPO Details
| IPO Date | Mar 17, 2020 to Mar 19, 2020 |
| Listing Date | Monday, March 30, 2020 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Issue Size | 400,000 shares of ₹10(aggregating up to ₹2.04 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| P/E (x) | 23 |
| Market Cap (₹ Cr.) | 7.65 |
Cospower Engineering IPO Listing Date
| Listing Date | Monday, March 30, 2020 |
| BSE Script Code | 543172 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE0CQB01010 |
| IPO Price | ₹51 per share |
| Face Value | ₹10 per share |
Company Financials
| 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 |
Objects of the Issue
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
Cospower Engineering IPO Prospectus
Company Contact Information
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/
Cospower Engineering IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Cospower Engineering IPO Lead Manager(s)
- SHRENI SHARES PRIVATE LIMITED (Past IPO Performance)
