IPO

CFF Fluid Control Limited IPO

BSE SME

Listed On: Jun 12, 2023 at ₹ 175.0

₹ 264000 /1600 Shares
*Min Investment

Check Allotment

30 May, 2023

Open Date

02 Jun, 2023

Close Date

07 Jun, 2023

Allotment Date

12 Jun, 2023

Listing Date
CFF Fluid Control Limited IPO Issue Details
  • Issue Price ₹165 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 5,200,000 shares(aggregating up to ₹85.80 Cr)
  • Listing at BSE SME
  • List Price 175.0
  • Listing Date 2023-06-12
  • Lead Manager Aryaman Financial Services Limited
  • Registrar Cameo Corporate Services Limited
CFF Fluid Control Limited IPO Details
  • Retail Portion N/A
CFF Fluid Control Limited IPO Documents
CFF Fluid Control Limited IPO Details


CFF Fluid Control Limited IPO is an SME IPO, priced at ₹165 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.

The IPO bidding window is open from May 30, 2023 to Jun 2, 2023. The allotment is expected to be finalized on Jun 7, 2023, and the tentative listing date is Jun 12, 2023.


The registrar of the IPO is Cameo Corporate Services Limited, and

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CFF Fluid Control Limited IPO Subscription Analysis And Details
Retail
1.67x
Total
2.15x
As onQIB / NIIRetailTotal
Shares Offered / Reserved2,600,0002,339,2004,939,200
Day 1 30-05-23 06:00 PM
1.31 x0.07 x0.72 x
Day 2 31-05-23 06:00 PM
1.59 x0.25 x0.96 x
Day 3 01-06-23 06:00 PM
1.80 x0.58 x1.22 x
Day 4 02-06-23 06:00 PM
2.58 x1.67 x2.15 x

CFF Fluid Control Limited Valuations
Earnings Per Share (EPS) ₹5.46/-
P/E Ratio 30.22
RoNW 52.56%
Net Asset Value (NAV) - Post Issue ₹10.39/-
CFF Fluid Control Limited Company Financials
In Lakhs
In Lakh
30-Sept-2231-Mar-2231-Mar-2131-Mar-20
Assets7,020.125,595.704,233.994,460.42
Revenue3,907.544,712.391,481.273,196.48
Profit After Tax639.63779.9524.64134.62
About CFF Fluid Control Limited Company

CFF Fluid Control Limited is primarily engaged in the business of manufacturing and servicing of shipboard machinery. They manufacture critical component systems and test facilities for submarines and surface ships for The Indian Navy.

The entity also designs, manufacture, and service Mechanical equipment and systems for industries like Nuclear and Clean Energy.

The Company's promoters and group companies have been in the defense manufacturing space for more than 20 years.

CFF Fluid Control was incorporated with the purpose of having a dedicated new entity focused on meeting the growing requirements of the Indian Navy, Mazagaon Dockyard, and Shipbuilders Limited (MDL). This was to undertake the manufacturing and supplying of mechanical equipment for the Scorpene Submarine Program of India.

The company's facilities are situated at Khopoli. The facility is spread over 6,000 sq. mtrs. and has all the relevant state-of-the-art machinery and testing facilities. At the facility, the company design, manufacture, and service.

Servicing includes fluid control systems, distributor and air panels Weapons and Control Systems, Steering gear, Propulsion Systems, High-Pressure Air Systems, Hydraulics Systems, Breathing and Diving Air Systems, and Integrated Platform Management Systems for submarines and surface ships for the Indian Navy and its OEMs.

The facility is Indian Navy, MDL & Naval Group (France) approved and has ISO 9001:2015 certification for quality management systems.

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CFF Fluid Control Limited - Promoter(s)

Sunil Menon

Gautam Makkar

Pre Issue Share Holding : 99.99%

Post Issue Share Holding : 73.30%

CFF Fluid Control Limited IPO - Issue Objectives
1

Funding Working capital requirements

2

Repayment of Loans

3

Purchase of machinery and equipment

4

Acquire Technology of Towed Wire Antenna (TWA)

5

General Corporate Purpose