Cosmic CRF Meets Investors to Brief on its Upcoming IPO

On 6th June evening, Cosmic CRF Limited hosted an investor’s meet to mark the launch of its initial public offering (IPO) at the Taj Bengal in Kolkata. The event saw the presence of key individuals including Mr. Aditya Vikram Birla, the Promoter and Managing Director of Cosmic CRF Limited.

Within a short period of time since it’s incorporation in 2021, Cosmic CRF Ltd has been known for its commitment to delivering quality products and services. The company specializes in manufacturing and supplying a wide range of steel products, including hot and cold rolled sheets, coated coils, tubes, rebars, wire rods, automotive steels, and building solutions. In March 2023, the total order book value exceeded Rs 535 Crores. It’s PAT for the financial year 2022-2023 amounted to Rs 6.41 Crores on a topline of Rs 121 Crores. Under the dynamic leadership of Mr. Aditya Vikram Birla, the company is raising hope to emerge as another big enterprise success from Bengal.

Mr. Aditya Vikram Birla, the Promoter and Managing Director of Cosmic CRF, inaugurating Investor’s Meet by lightning of lamp

The event was attended by prominent investors, financial analysts, industry experts, and representatives from various sectors. Cosmic CRF Ltd’s top management, including the board of directors and key executives, were present to showcase the company’s growth potential and outline its strategic vision for the future.The representatives from Horizon Management Private Limited, the Book- Running Lead Manager, and Ridhvi Corporate Solutions, the advisor to the Company also were present.

During the interactions with investors and media, Mr. Aditya Vikram Birla, the MD of Cosmic CRF Ltd, highlighted the company’s impressive track record of providing high-quality steel products that meet the diverse needs of leading wagon manufacturers, including Titagarh Wagons Ltd, Hidusthan Engineering and Industries Ltd, Melbrow Engineering Works Ltd and Jindal Rail Infra Ltd. The company also handles a variety of direct orders of railways procured through tenders. He emphasized Cosmic CRF’s relentless focus on innovation and cost control management while maintaining the same quality assurance and control over products.

Cosmic CRF Ltd’s IPO is expected to fuel management’s plans in achieving maximum operation efficiency and strive to strengthen and expand company’s market position and product portfolio. The funds raised through the IPO will be utilized to strengthen its R&D division further. The company plans to enhance its depth of experience, knowledge base and know-how. Funds also would be invested in multi-prong operational endeavors, capacity augmentation and creating new business opportunities.

The IPO comprises of a fresh issue of 18,22,000 Equity Shares. The equity shares of the company would be listed on the SME Purpose of BSE Limited. Issue to open on 14th June.

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