Cospower Engineering IPO Details

Cospower Engineering IPOCospower Engineering IPO description – Cospower Engineering is engaged in the business of manufacturing of electrical panels, harmonic filters and substation and equipment mounting structure. The plant is equipped with machinery to produce the quality products with emphasis on quality and performance. The company also provides turnkey services which involve supply, installation, commissioning, testing and comprehensive maintenance of electric products. There are few products which the company does not manufacture but provides turnkey services by buying from other manufacturers.

The company has extended its product range to other power related products that are needed to complete the electrical system. Cospower Engineering offers a complete package of electrical system and solutions ‘under one roof’. Its manufacturing unit, located at Vasai in Maharashtra, is equipped with requisite infrastructure including machinery, other handling equipment to facilitate smooth manufacturing process.

Promoters of Cospower Engineering – Mr Oswald Rosario Dsouza and Mr Felix Shridhar Kadam
Cospower Engineering IPO details
Subscription Dates 17 – 19 March 2020
Price Band INR51 per share
Fresh issue 400,000 shares (INR2.04 crore)
Offer For Sale Nil
Total IPO size 400,000 shares (INR2.04 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

Cospower Engineering’s financial performance (in INR lakh)

  FY2017 FY2018 FY2019 9M FY2020
Revenue 957.1 860.8 1,303.3 748.9
Expenses 909.6 830.2 1,232.4 705.9
Net income 27.6 19.2 51.7 24.9

Registrar of Cospower Engineering IPO

Bigshare Services Private Limited 
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road
Marol, Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200 
Email: [email protected]

Valuation of Cospower Engineering IPO (FY2019)

Earnings Per Share (EPS): INR5.17
Price/Earnings (PE ratio): 9.86
Return on Net Worth (RONW): 32.65%
Net Asset Value (NAV): INR15.84 per share

Cospower Engineering IPO Subscription Details


Subscription (no. of times)

Day 1


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Cospower Engineering Contact Details

Cospower Engineering Limited
Flat No.203, 2nd Floor, Kesarinath Apartments, S.V. Road, Opp. Vijay Sales, Goregaon West,
Mumbai, Maharashtra – 400062
Phone: 91 22 40129990
Email: [email protected]

Cospower Engineering IPO Allotment Status

Cospower Engineering IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Listing Performance of Cospower Engineering

IPO Opening Date: 17 March 2020
IPO Closing Date: 19 March 2020
Finalisation of Basis of Allotment: 24 March 2020
Initiation of refunds: 26 March 2020
Transfer of shares to demat accounts: 27 March 2020
Listing Date: 30 March 2020
Opening Price on BSE SME: INR51 per share (no change from IPO price) 
Closing Price on BSE SME: INR52.25 per share (up 2.45% from IPO price) 


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