CFF Fluid Control IPO Details ( CFF Fluid Control Limited IPO Review )
(30 May 2023 – 02 June 2023)
Established in 2012, CFF Fluid Control Limited specializes in the manufacturing and servicing of shipboard machinery. Their core focus lies in producing crucial component systems and test facilities specifically designed for submarines and surface ships operated by The Indian Navy.
Additionally, the company is involved in the design, manufacturing, and servicing of mechanical equipment and systems for various industries, including nuclear and clean energy sectors.
The company’s promoters and affiliated group companies possess over two decades of experience in the defense manufacturing domain.
CFF Fluid Control was established with the specific objective of creating a dedicated entity to cater to the increasing needs of the Indian Navy, Mazagon Dockyard (MDL), and Shipbuilders Limited. The company’s primary mission was to manufacture and supply mechanical equipment for India’s “Scorpene” Submarine Program.
The company’s facilities are strategically located in Khopoli, encompassing an area of 6,000 square meters. These state-of-the-art facilities are equipped with cutting-edge machinery and comprehensive testing capabilities. Within this facility, the company undertakes the entire process of design, manufacturing, and servicing of its products.
The company’s servicing capabilities encompass a wide range of areas, including 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. These services are provided for both submarines and surface ships utilized by the Indian Navy and its original equipment manufacturers (OEMs).
The facility holds approval from the Indian Navy, Mazagon Dockyard Limited (MDL), and Naval Group (France). It meets their stringent requirements and standards. Furthermore, the facility is certified with ISO 9001:2015, signifying its adherence to quality management systems.
CFF Fluid Control Limited IPO Competitive Strength
- Experienced Promoter and Management Team
- Visible growth through Robust Order Book Position
- Strong Financial Performance
- Technical Capabilities, registrations and empanelments
- Focus on Navy Defence Sector
- Long standing strategic Partnerships
CFF Fluid Control IPO Financials Performance ( Results )
CFF Fluid Control Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 4,460.42 | 3,196.48 | 134.62 | 0.94 | 680.74 | 95.38 | 609.37 | 232.12 |
| 31-Mar-21 | 4,233.99 | 1,481.27 | 24.64 | 0.17 | 705.38 | 98.83 | 634.01 | 1,017.64 |
| 31-Mar-22 | 5,595.70 | 4,712.39 | 779.95 | 5.46 | 1,485.33 | 208.12 | 1,413.96 | 1,104.48 |
| 30-Sep-22 | 7,020.12 | 3,907.54 | 639.63 | 4.48 | 2,124.96 | 14.89 | 697.55 | 1,922.55 |
Objective of IPO Issue
- Funding Working capital requirements
- Repayment of Loans
- Purchase of machinery and equipment
- Acquire Technology of ” Towed Wire Antenna (TWA)”
- General Corporate Purpose
CFF Fluid Control IPO Basic Details
| IPO Date | May 30, 2023 to Jun 2, 2023 |
| Listing Date | Monday, 12 June 2023 |
| Face Value | ₹10 per share |
| Price | ₹165 per share |
| Lot Size | 800 Shares |
| Issue Size | 5,200,000 shares (aggregating up to ₹85.80 Cr) |
| Fresh Issue | 5,200,000 shares (aggregating up to ₹85.80 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 14,274,100 |
| Share holding post issue | 19,474,100 |
| Company Promoters | Sunil Menon And Gautam Makkar |
CFF Fluid Control IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
CFF Fluid Control IPO Timetable
CFF Fluid Control IPO will open on May 30, 2023 and close on June 02, 2023. You can join CFF Fluid Control IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 30 May 2023 (Tuesday) |
| Closing Date | 2 June 2023 (Friday) |
| Basis of Allotment | 7 June 2023 (Wednesday) |
| Initiation of Refunds | 8 June 2023 (Thursday) |
| Credit of Shares to Demat | 9 June 2023 (Friday) |
| Listing Date | 12 June 2023 (Monday) |
| Deadline for Confirming UPI mandate | 5 PM on 2 June 2023 (Friday) |
CFF Fluid Control IPO Lot Size
For retail investors in CFF Fluid Control IPO, 800 shares will come in 1 lot or the minimum investment will be ₹132,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹132,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 800 | ₹132,000 |
| Retail (Max) | 1 | 800 | ₹132,000 |
| S-HNI (Min) | 2 | 1600 | ₹264,000 |
CFF Fluid Control IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.30% |
CFF Fluid Control IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹5.46 per Equity Share |
| Price/Earning P/E Ratio | 30.22 |
| Return on Net Worth (RoNW) | 52.51 |
| Net Asset Value (NAV) | ₹208.12 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | Coming Soon |
CFF Fluid Control Ltd Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 235.52 |
| P/E (x) | 30.22 |
| ROE (%) | Coming Soon |
| ROCE (%) | 36.81 |
| Debt/Equity | 1.22 |
CFF Fluid Control Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | P/BV Ratio |
| CFF Fluid Control Limited | Consolidated | 165 | 10.00 | 5.46 | 30.22 | 52.56 | 10.39 | – |
| Peer Group | ||||||||
| Data Patterns (India) Limited | Consolidated | 1,599.3 0 | 2.00 | 19.48 | 82.10 | 16.36 | 110.72 | 7.69 |
| MTAR Technologies Limited | Consolidated | 1,886.3 5 | 10.00 | 19.79 | 95.32 | 11.71 | 168.97 | 9.30 |
| Paras Defence and Space Technologies Limited | Consolidated | 632 | 10.00 | 7.78 | 81.23 | 7.15 | 155.14 | 3.74 |
| Bharat Electronics Ltd | Consolidated | 107.05 | 1.00 | 9.85 | 10.87 | 19.53 | 50.42 | 5.84 |
CFF Fluid Control IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 12 June 2023 | ₹6 | – | – |
| 11 June 2023 | ₹6 | – | – |
| 10 June 2023 | ₹4 | – | – |
| 9 June 2023 | ₹3 | – | – |
| 8 June 2023 | ₹2 | – | – |
| 7 June 2023 | ₹0 | – | – |
| 6 June 2023 | ₹1 | – | – |
| 5 June 2023 | ₹2 | – | – |
| 4 June 2023 | ₹3 | – | – |
| 3 June 2023 | ₹3 | – | – |
| 2 June 2023 | ₹4 | – | – |
| 1 June 2023 | ₹4 | – | – |
| 31 May 2023 | ₹8 | – | – |
| 30 May 2023 | ₹7 | – | – |
| 29 May 2023 | ₹9 | – | – |
| 28 May 2023 | ₹0 | – | – |
CFF Fluid Control IPO Detail Video:
CFF Fluid Control IPO Subscription Status (Bidding Detail)
The CFF Fluid Control IPO on June 2, 2023 at 7:29:00 PM was subscribed 2.15 times, with the retail category being subscribed 1.67 times, the other category being subscribed 2.58 times,
| Category | Subscription |
| Other | 2.58x |
| Retail | 1.67x |
| Total | 2.15x |
CFF Fluid Control IPO Prospectus
CFF Fluid Control IPO Rating
| Our Rating | 2.0/5.0 |
CFF Fluid Control Company Contact Information
CFF Fluid Control Limited
Registered Office: Plot No 01, Survey No 96,
Kumbhivli Madap Khopoli,
Khalapur, Raigarh-410203
Corporate Office: 503, Delphi, A Wing, Orchard Avenue,
Hiranandani Business Park, Powai, Mumbai-400076
Tel No.: +91 – 22 – 40021599
Email: compliance@cffdefensys.com
Website: www.cffdefensys.com
Contact Person: Sonika Mehta, Company Secretary and Compliance Officer.
Our Promoters: Sunil Menon And Gautam Makkar
CFF Fluid Control IPO Registrar
Cameo Corporate Services Limited
Registered Office: Subramanian Building, No. 1, Club House Road,
Chennai – 600 002.
Tel.: +91 – 44 – 40020700 (5 Lines)
E-mail: priya@cameoindia.com
Investor Grievance Email: investor@cameodina.com
Website: www.cameoindia.com
Contact Person: K. Sreepriya
SEBI Registration. No.: INR 000003753
CFF Fluid Control IPO Lead Manager
Aryaman Financial Services Limited
Registered Office: 60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001.
Tel: +91 – 22 – 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in
Investor Grievance Email: feedback@afsl.co.in
Contact Person: Jigar Bhanushali / Harsha Lohia
SEBI Registration No.: INM000011344
CFF Fluid Control IPO FAQs
What is the lot size of CFF Fluid Control IPO?
The total size of CFF Fluid Control IPO is ₹85.80 crores and this is a complete fresh Issue.
When will CFF Fluid Control IPO start?
CFF Fluid Control IPO will open from 30 May 2023 and IPO will close on 02 June 2023.
What is the open date of CFF Fluid Control IPO?
CFF Fluid Control IPO will open date from 30 May 2023.
What is the last date ( close date ) of CFF Fluid Control IPO?
CFF Fluid Control IPO will close from 02 June 2023.
What is the price band of CFF Fluid Control IPO?
CFF Fluid Control IPO price band is ₹165.
What is the minimum amount required to apply for CFF Fluid Control IPO?
The minimum investment for retailers to apply for CFF Fluid Control IPO is ₹132,000 and the maximum investment is ₹132,000.
What is going on gray market premium of CFF Fluid Control IPO?
View gray market premium of CFF Fluid Control IPO by Clicking Here
How much is the GMP of CFF Fluid Control IPO?
Watch CFF Fluid Control IPO GMP Today: Click Here
What is the allotment date of CFF Fluid Control IPO?
The Allotment Date of CFF Fluid Control IPO is 07 June 2023.
How to check allotment status in CFF Fluid Control IPO?
To check the allotment status of CFF Fluid Control IPO, first of all go to the registrar website by clicking here, select your bad CFF Fluid Control IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of CFF Fluid Control IPO?
The Listing Date of CFF Fluid Control IPO is 12 June 2023.
How much will be the listing gain in CFF Fluid Control IPO?
View listing gain of CFF Fluid Control IPO by Clicking Here
How much time CFF Fluid Control IPO is subscribed?
Total 2.15 times subscribed in CFF Fluid Control IPO out of which 1.67 times subscription was done in retail quota, 2.58 times subscription in other quota.
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How to apply for CFF Fluid Control IPO from Zerodha?
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