Last updated on June 12, 2023
CFF Fluid Control IPO description – The company is in the business of manufacturing and servicing shipboard machinery, critical component systems, and test facilities for submarines & surface ships for The Indian Navy. CFF Fluid Control also designs, manufactures, and services mechanical equipment and systems for industries like Nuclear and Clean Energy.
Soon after its inception, the company signed a TOT (Transfer of Technology) agreement with Coyard SAS France for the design, manufacture, and supply of mechanical components for the Scorpene submarine program. The company has completed orders from Indian Navy (including its OEMs) worth INR 186.8 crore until December 2022 and has a robust order book of INR 90 crore. Over 90 % of it pertains to Indian Navy and its OEMs.
The company employs 33 at its facilities at Khopoli where it designs, manufactures, and services 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. The 6,000 sq. mtrs. The facility has state-of-the-art machinery and testing facilities and is approved by the Indian Navy, MDL & Naval Group (France), and has ISO 9001:2015 certification for quality management systems.
Promoters of CFF Fluid Control – Sunil Menon and Gautam Makkar
Table of Contents
CFF Fluid Control IPO Details
| CFF Fluid Control IPO Dates | 30 May – 2 Jun 2023 |
| CFF Fluid Control IPO Price | INR 165 per share |
| Fresh issue | 5,200,000 shares (INR 85.8 crore) |
| Offer For Sale | NIL |
| Total IPO size | 5,200,000 shares (INR 85.8 crore) |
| Minimum bid (lot size) | 800 shares (INR 132,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
CFF Fluid Control Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 |
| Revenue | 31.78 | 14.52 | 46.99 | 50.77 |
| Expenses | 30.16 | 14.55 | 36.68 | 41.24 |
| Net income | 1.33 | 0.25 | 7.80 | 7.18 |
CFF Fluid Control Offer News
- CFF Fluid Control RHP
- CFF Fluid Control Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
CFF Fluid Control Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.93 | 0.17 | 5.46 |
| PE ratio | – | – | 30.22 |
| RONW (%) | 19.58 | 3.50 | 52.56 |
| NAV | 4.76 | 4.93 | 10.39 |
| ROCE (%) | 17.66 | 6.22 | 36.81 |
| EBITDA (%) | 16.30 | 21.14 | 26.81 |
| Debt/Equity | 2.11 | 3.21 | 1.12 |
CFF Fluid Control IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 9 Jun 2023 | 2 | – | – |
| 8 Jun 2023 | 3 | – | 7,000 |
| 7 Jun 2023 | 3 | – | 7,000 |
| 6 Jun 2023 | 3 | – | 7,000 |
| 5 Jun 2023 | 4 | – | 7,500 |
| 2 Jun 2023 | 5 | – | 8,000 |
| 1 Jun 2023 | 7 | – | 10,000 |
| 31 May 2023 | 10 | – | 12,000 |
| 30 May 2023 | 10 | – | 18,000 |
| 29 May 2023 | 12 | – | 20,000 |
CFF Fluid Control IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 2,600,000 | 2,600,000 | 5,200,000 |
| 2 Jun 2023 | 2.58 | 1.50 | 2.04 |
| 1 Jun 2023 | 1.80 | 0.52 | 1.16 |
| 31 May 2023 | 1.59 | 0.22 | 0.91 |
| 30 May 2023 | 1.31 | 0.06 | 0.69 |
CFF Fluid Control Offer Lead Manager
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001
Phone: +91 22 – 6216 6999
Email:Â [email protected]
Website:Â www.afsl.co.in
CFF Fluid Control Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
‘Subramanian Building’,
1, Club House Road,
Chennai – 600 002, Tamil Nadu
Phone: +91 – 44 – 40020700
Email:Â [email protected]
Website:Â www.cameoindia.com
CFF Fluid Control IPO Contact Details
CFF FLUID CONTROL LIMITED
503, Delphi, A Wing,
Orchard Avenue, Hiranandani Business Park,
Powai, Mumbai-400076
Phone: 22 – 40021599
E-mail: [email protected]
Website: www.cffdefensys.com
CFF Fluid Control IPO Allotment Status
CFF Fluid Control IPO allotment status is now available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
CFF Fluid Control IPO Dates & Listing Performance
| IPO Opening Date | 30 May 2023 |
| IPO Closing Date | 2 June 2023 |
| Finalization of Basis of Allotment | 7 June 2023 |
| Initiation of refunds | 8 June 2023 |
| Transfer of shares to demat accounts | 9 June 2023 |
| IPO Listing Date | 12 June 2023 |
| Opening Price on BSE SME | INR 175 per share (up 6.06%) |
| Closing Price on BSE SME | INR 183.75 per share (up 11.36%) |
IPO FAQs
What is the CFF Fluid Control offer size?
CFF Fluid Control’s offer size is INR 85.8 crores.
What is the CFF Fluid Control offer price band?
CFF Fluid Control’s public offer price is INR 165 per share.
What is the lot size of the CFF Fluid Control IPO?
CFF Fluid Control’s offer lot size is 800 shares.
What is CFF Fluid Control IPO GMP today?
CFF Fluid Control IPO GMP today is INR 2 per share.
What is the CFF Fluid Control kostak rate today?
CFF Fluid Control kostak rate today is NA per application.
What is CFF Fluid Control Subject to Sauda rate today?
CFF Fluid Control Subject to Sauda rate today is NA per application.
