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CFF Fluid Control Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹165
Per Share
GMP
NIL
Grey Market
Est. Listing
₹165
Expected Price
Min. Application
₹264,000
2 lots × 800 shares
IPO Issue Details
Issue Price / Price Band₹165 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size800 Shares per Lot
Total Issue Size52,00,000 shares (aggregating up to ₹85.80 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 30 May 2023
Subscription CloseFri, 02 Jun 2023
Anchor AllotmentMon, 29 May 2023
Basis of AllotmentWed, 07 Jun 2023
Initiation of RefundsThu, 08 Jun 2023
Credit of Shares to DematFri, 09 Jun 2023
Listing DateMon, 12 Jun 2023
UPI Mandate Deadline2023-06-02
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 800 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 1,600 shares
EPS (Pre-IPO)₹5.46
P/E Ratio (Pre-IPO)30.22x
Net Offer to Public49,39,200 shares (aggregating up to ₹81.50 Cr)
Reserved for Market Maker2,60,800 shares (aggregating up to ₹4.30 Cr)
Pre-IPO Promoter Holding1,42,74,100 shares
Post-IPO Promoter Holding1,94,74,100 shares
About CFF Fluid Control Ltd

Incorporated in 2012, 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.

Objects of the Issue

CFF Fluid Control Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Funding Working capital requirements
29.42
2
Repayment of Loans
21.00
3
Purchase of machinery and equipment
8.86
4
Acquire Technology of “ Towed Wire Antenna (TWA)
8.50
5
General Corporate Purpose
16.71
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,42,74,100 shares
Post-IPO Promoter Holding 1,94,74,100 shares
Check AllotmentCheck Status →
CFF Fluid Control Ltd — Live Price LIVE
₹165.00
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Issue ₹165.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹165
GMPNIL
Est. Listing₹165
Lot Size800 shares
Min Amount₹264,000
Listing Date12 Jun 2023
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹165
Listing Date12 Jun 2023
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 260,800 ₹4.30 Cr
TOTAL 5,200,000 100.00% ₹85.80 Cr
* Based on ₹165.00 (upper price band)
Lot Size & Investment Details
Lot Size
800
Shares
Issue Price
₹165.00
Per Share
Min Investment
₹132,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 800 ₹132,000
Retail (Max) 13 10,400 ₹1,716,000
sNII (Min) 14 11,200 ₹1,848,000
bNII (Min) 68 54,400 ₹8,976,000
Company Financials — Restated Consolidated (Amount in ₹ Lakhs)
Particulars31-Dec-2231-Mar-2231-Mar-21
Revenue from Operations 5085.37 4712.39 1481.27
EBITDA N/A N/A N/A
Profit After Tax (PAT) 718.11 779.51 24.60
Net Worth 2201.33 1483.22 703.71
Total Assets 7165.57 5593.59 4232.32
Reserves & Surplus 773.92 1411.85 632.34
Total Borrowings 2693.09 1659.17 2261.21
Key Ratios & Valuation
Issue Price ₹165
Face Value ₹10 Per Share
P/BV N/A
RoE 0.52%
RoCE 0.31%
RoNW 52.56%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity 1.22
Company Details
Company
CFF Fluid Control Ltd
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Fixed Price IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Plot No 01, Survey No 96, Kumbhivli Madap Khopoli, Khalapur, Raigarh-410203 Khalapur, Maharashtra
Book Running Lead Managers
Aryaman Financial Services Ltd
Book Running Lead Manager (BRLM)