Cosmic CRF Limited IPO

Cosmic CRF Limited supplies cold-rolled stainless sections to manufacturing companies.

The company's client list includes Titagarh Wagons Limited, Hindusthan Engineering & Industries Limited, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited, Allied Construction Engineers & Fabricators, etc. Cosmic CRF also supplies cold rolled stainless sections to direct orders of the railways through tender procurement.

Under the Business Transfer Agreement dated January 19, 2022, the company acquired the CRF unit of Cosmic Ferro Alloys Limited. The purchase included a manufacturing unit in West Bengal spread over an area of approximately 3.82 acres together with plant, machinery, assets, and liabilities. The unit manufactures a range of cold-rolled stainless sections, such as fabricated items for railway, coach & wagons, cold-rolled formed items for wagons and coaches, cold-rolled formed items for infra companies and EPC projects, and products for roadways and national highways.

As of March 31, 2023, the total order book value of the company is ₹ 53,640.82 lakhs, out of which orders amounting to ₹ 13,566.33 lakhs have been executed and orders amounting to ₹ 40,074.48 lakhs are ongoing. Further, as of March 31, 2023, the company has completed 25 orders for the supply of cold rolled stainless sections and 23 orders are ongoing.