CFF Fluid Control IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jun 02, 2023Let’s have a detailed review of the company and analytics of the CFF Fluid Control IPO release date, IPO offer price, subscription, CFF Fluid Control Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 165 |
| Listing At | BSE, SME |
| Min. Order Quantity | 800 Shares |
| Listing Date | 12 June 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 8,580 Lakh |
| IPO Size | Rs 8,580 Lakh |
| Tick Size | 1 |
CFF Fluid Control IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – CFF Fluid Control Share Price |
CFF Fluid Control IPO – Summary
Their company is primarily in the business of manufacturing and servicing shipboard machinery, critical component systems and test facilities for submarines & surface ships for The Indian Navy.
Further, they also design, manufacture and service Mechanical equipment and systems for industries like Nuclear and Clean Energy.
The Promoter of this company is Sunil Menon And Gautam Makkar. The lead manager of the issue is ARYAMAN FINANCIAL SERVICES LIMITED, and the Registrar of this issue is CAMEO CORPORATE SERVICES LIMITED.
CFF Fluid Control IPO Date
The opening and closing dates of CFF Fluid Control IPO are 30 May 2023 and 2 June 2023 respectively.
CFF Fluid Control IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30th May | 1.31x | 0.07x | 0.72x |
| 2nd Day – 31st May | 1.59x | 0.25x | 0.96x |
| 3rd Day – 1st Jun | 1.80x | 0.58x | 1.22x |
| 4th Day – 2nd Jun | 2.58x | 1.67x | 2.15x |
| Shares Offered or Net Issue | 2,600,000 | 2,339,200 | 4,939,200 |
The shares subscribed by the public will be updated here.
CFF Fluid Control IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
CFF Fluid Control Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 7 June 2023 |
| Refunds Initiation | 8 June 2023 |
| Credit of Shares to Demat Account | 9June 2023 |
| Share Listing Date | 12 June 2023 |
CFF Fluid Control IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.165
CFF Fluid Control IPO Equity Size
This Initial Public Issue of 5,200,000 Equity Shares of Rs.10 each for cash at a price of Rs.165 per equity share aggregating to Rs.8,580 Lakh.
CFF Fluid Control IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,200,000 Equity Shares of Rs.10/ each.
Issue Size: 5,200,000 Equity Shares of Rs.10 each, aggregating to Rs.8,580 Lakh
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CFF Fluid Control IPO – Live Performance
The listing date of this IPO is 12 June 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – CFF Fluid Control Share Price |
CFF Fluid Control IPO Grey Market Premium
The CFF Fluid Control Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
CFF Fluid Control IPO – Company Overview
Their company was incorporated with the purpose of having a dedicated new entity focussed on meeting the growing requirements of the Indian Navy, Mazagaon Dockyard and Shipbuilders Limited (MDL) for manufacturing and supplying mechanical equipment for the “Scorpene” Submarine Program of India.
Soon after inception, a TOT (Transfer of Technology) was signed between CFF and Coyard SAS France for the design, manufacture and supply of Mechanical Components for the Scorpene submarine program.
The TOT was approved by relevant authorities and after factory inspection; the company was awarded a license for the production of mechanical components for the Scorpene Submarine Program.
CFF Fluid Control IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 7,165.57 | 5,593.59 | 4,232.32 | 4,310.42 |
| *Total Revenue | 5,085.37 | 4,712.39 | 1,481.27 | 3,196.48 |
| Total Expense | 4,124.49 | 3,668.45 | 1,455.35 | 3,016.32 |
| Profit After Tax | 718.11 | 779.51 | 24.60 | 132.99 |
Earnings per Equity Share (in Lakh)
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 5.03 | 5.46 | 0.17 | 0.93 |
Further, their PAT for the period ended on Dec 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 718.11 Lakh, Rs. 779.51 Lakh, Rs. 24.60 Lakh and Rs. 132.99 Lakh respectively.
CFF Fluid Control IPO – Promoters
The Promoter of this company is:
- Sunil Menon And Gautam Makkar
List of Related Parties (Key Managerial Personnel)
- Sunil Menon, Managing Director
- Gautam Makkar, Chairman and Non-Executive Director
- Priyanka Moondra Rathi, Non-Executive Independent Director
- Rajnish Prakash, Non-Executive Independent Director
CFF Fluid Control IPO – Promoters Holding
- Pre-Issue Share Holding – 99.99%
- Post-Issue Share Holding – 73.30%
CFF Fluid Control IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 52,00,000 Equity Shares aggregating up to Rs.8,580 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,60,800 Equity Shares aggregating up to Rs.430.32 Lakh |
| Net Issue to the Public | Up to 49,39,200 Equity Shares aggregating up to Rs.8,149.68 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 24,69,600 Equity Shares |
| Other than Retail Individual Investors | Not more than 24,69,600 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,42,74,100 Equity Shares |
| Equity Shares outstanding after the Issue | 1,94,74,100 Equity Shares |
CFF Fluid Control IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- 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 – Business Strategy
- Innovation in Defence Manufacturing
- Digital Technologies
- Leveraging Strategic Partnerships to Build Capabilities
- Procurement Of Military Hardware & Software
CFF Fluid Control IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoter and Management Team
- Visible growth through Robust Order Book Position
- Strong Financial Performance
- Technical Capabilities, registrations and empanelment
- Focus on Navy Defense Sector
- Long-standing strategic Partnerships
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 5.46 | 52.56% | 207.82 |
| 31-Mar-21 | 0.17 | 3.50% | – |
| Mar-20 | 0.93 | 19.58% | – |
CFF Fluid Control IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from Operations (in Lakhs) |
|
| CFF Fluid Control Limited | 10 | 30.22 | 5.46 | 52.56% | 4,698.77 |
| Listed Peers | |||||
| Data Patterns (India) Limited | 2 | 82.10 | 19.48 | 16.36% | 31,085.00 |
| MTAR Technologies Limited | 10 | 95.32 | 19.79 | 11.71% | 32,201.00 |
| Paras Defence and Space Technologies Limited |
10 | 81.23 | 7.78 | 7.15% | 18,256.24 |
CFF Fluid Control IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Opp. P. J. Towers (BSE Building), Fort, Mumbai – 400 001 Tel No.: +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 Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED 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: Ms K. Sreepriya SEBI Registration. No.: INR 000003753 |
CFF Fluid Control IPO – Other Details
- Statutory Auditor – V. N. Purohit & Co., Chartered Accountants
- Legal Counsel to the Company – M/S. ABDUS SAMEE ABDUL QADIR MANIYAR (A. A. MANIYAR) (ADVOCATE)
- Bankers to the Company – AXIS BANK LIMITED
CFF Fluid Control IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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CFF Fluid Control Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
CFF Fluid Control IPO Review FAQs
Check out various FAQs related to CFF Fluid Control IPO:
What is the Issue Size of CFF Fluid IPO?
The Company is making an initial public offer of 5,200,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of CFF Fluid IPO?
The price band for this particular IPO ranges between Rs 165. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the CFF Fluid IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 30 May 2023, while the closing date is set at 2 June 2023.
What is the CFF Fluid IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 7 June 2023, refund initiation is on 8 June 2023, credit of shares is on 9 June 2023, and share listing date is on 12 June 2023.
What is the CFF Fluid IPO Listing Date?
Shares of this company shall be listed in the exchanges on 12 June 2023. The date, when the listing would be done, is stagnant on 12 June 2023.
Who is the Registrar of CFF Fluid IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of CFF Fluid IPO?
Here are the promoters of this IPO – Sunil Menon And Gautam Makkar. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of CFF Fluid IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is CFF Fluid IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of CFF Fluid Control Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 779.51, 2021 is 24.60, and 2020 is 132.99. PAT from Dec 2022 is 718.11.
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