Cosmic CRF IPO Subscription Status: The initial public offering (IPO) of Cosmic CRF, the cold-rolled stainless sections supplier, received strong interest from Qualified Institutional Buyers (QIB).
The issue was subscribed 17% in total so far on Thursday, the second day of the bidding process. The public issue received bids for 3.02 lakh shares as against 18.22 lakh shares on offer, till 2:50 pm on June 15.
Cosmic CRF IPO received 1.76 times subscription for the portion reserved for QIBs. It was subscribed 0.17 times in the retail category and 0.04 times in the non-institutional investors (NII) category so far on Day 2, as per data on chittorgarh.com.
Cosmic CRF IPO is an SME IPO with a total issue size of ₹60.13 crore. The public issue opened for subscription on June 14 and will close on June 16.
The IPO consists of a fresh issue of 18.22 lakh equity shares of face value of ₹10 each.
The price band for the IPO is ₹314 to ₹330 per share and the lot size is 400 shares. The minimum investment required for retail investors is ₹1,32,000.
The company will fix the basis of allotment of shares on June 21 and begin the refunds on June 22. The shares will be credited to demat accounts of allottees on June 23.
The shares of Cosmic CRF are expected to be listed on June 26 at the BSE SME platform.
Cosmic CRF is in the business of manufacturing and supplying cold-rolled stainless sections for rail infrastructures and wagon manufacturers.
