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Cospower Engineering Ltd IPO is a Fixed Price IPO listing on BSE SME exchange. The company is based in Mumbai and caters to Electric Equipments sector. Shreni Shares is the merchant banker of Cospower Engineering Ltd IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 20th February 2020.
Cospower Engineering Ltd IPO open date is 17th March 2020 and close date is 19th March 2020. IPO Allotment Date is 30th November -0001 and Listing date is 30th March 2020.
IPO
Size:
₹ 2.04 Cr.
Avg IPO Size (Sector Based)
: ₹
33.54 cr.
Sector: Electric Equipments
SME
IPO so far:
49
Merchant Banker:
Shreni Shares
SME
IPO by BRLM so far:
47
City:
Mumbai
SME
IPO so far:
280
Revenue (annualised):
₹
9.99
cr. 
PE
Ratio:
23.00x
Average Sector PE Ratio: 18.31x
Cospower Engineering Ltd IPO size is ₹ 2.04 Cr. with IPO price of ₹ 51.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Shreni Shares Limited is the book-running lead manager of the Cospower Engineering Ltd IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Shreni Shares Private Limited for Cospower Engineering Ltd IPO.
Cospower Engineering Ltd IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Cospower Engineering Ltd IPO, based in Mumbai, operates in the Electric Equipments sector with a focus on Manufacturing of electrical panels. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Cospower Engineering Ltd IPO size is ₹ 2.04 Cr. with fresh issue size of ₹ 2.04 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Cospower Engineering Ltd IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Cospower Engineering Ltd IPO allotment status on the registrars website, Bigshare Services Private Limited. Cospower Engineering Ltd IPO refund dates are 30th November -0001.
Cospower Engineering Ltd IPO is expected to be listed on 30th March 2020.
The upper price band for the Cospower Engineering Ltd IPO is set at ₹ 51.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Cospower Engineering Ltd IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Cospower Engineering Ltd IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 19th March 2020. After submission, funds are blocked until the basis of allotment of Cospower Engineering Ltd IPO is finalised.
The merchant banker for Cospower Engineering Ltd IPO is Shreni Shares Limited . Shreni Shares Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Cospower Engineering Ltd IPO RHP for further details.
The registrar for Cospower Engineering Ltd IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Cospower Engineering Ltd IPO through their official website or helpline.
Cospower Engineering Ltd IPO was subscribed 1.53 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 2.04 Cr.
Avg IPO Size (Sector Based)
:
₹ 33.54 Cr.
Sector: Electric Equipments
SME
IPO so far:
49
Merchant Banker:
Shreni Shares
SME
IPO by BRLM so far:
47
City:
Mumbai
SME
IPO so far:
280
Revenue (annualised):
₹ 9.91 cr.
PE
Ratio:
23.00x
Average Sector PE Ratio: 18.31x
Cospower Engineering Ltd IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Cospower Engineering Ltd Financial Review Page
Merchant Banker(s) of Cospower Engineering Ltd IPO: Shreni Shares Limited
Cospower Engineering Ltd IPO subscription was 1.53 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Cospower Engineering Ltd IPO listed at a listing price of 53.10 against the offer price of 51.00.
The current market price of Cospower Engineering Ltd is 760.00.
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