CFF Fluid Control Limited IPO
BSE SMEListed On: Jun 12, 2023 at ₹ 175.0
₹ 132000 /800 Shares
Check AllotmentCFF Fluid Control Limited IPO Details
30 May, 2023
Open Date02 Jun, 2023
Close Date07 Jun, 2023
Allotment Date12 Jun, 2023
Listing DateIssue Price
₹165 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services LimitedList Price
175.0Listing Date
2023-06-12Market Lot
800 Shares (₹132,000/-)Lead Manager
Aryaman Financial Services LimitedIssue Size
5,200,000 shares(aggregating up to ₹85.80 Cr)Retail Portion
N/ASubscription
2.15 timesCFF Fluid Control Limited IPO Subscription Details
As on | QIB / NII | Retail | Total |
---|---|---|---|
Shares Offered / Reserved | 2,600,000 | 2,339,200 | 4,939,200 |
Day 1 - 30-05-23 06:00 PM | 1.31 x | 0.07 x | 0.72 x |
Day 2 - 31-05-23 06:00 PM | 1.59 x | 0.25 x | 0.96 x |
Day 3 - 01-06-23 06:00 PM | 1.80 x | 0.58 x | 1.22 x |
Day 4 - 02-06-23 06:00 PM | 2.58 x | 1.67 x | 2.15 x |
CFF Fluid Control Limited Valuations
Earnings Per Share (EPS)
₹5.46/-P/E Ratio
30.22RoNW
52.56%Net Asset Value (NAV) - Post Issue
₹10.39/-CFF Fluid Control Limited Company Financials All values are in ₹ Lakh
30-Sept-22 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
---|---|---|---|---|
Assets | 7,020.12 | 5,595.70 | 4,233.99 | 4,460.42 |
Revenue | 3,907.54 | 4,712.39 | 1,481.27 | 3,196.48 |
Profit After Tax | 639.63 | 779.95 | 24.64 | 134.62 |
About The 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.
CFF Fluid Control Limited - Promoter(s)
Pre Issue Share Holding: 99.99%
Post Issue Share Holding: 73.30%
Company Promoter(s)
- Sunil Menon
- Gautam Makkar
CFF Fluid Control Limited IPO - Issue Objectives
- 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 Limited IPO - FAQs
Ans. CFF Fluid Control Limited IPO is a SME IPO. The issue is priced at ₹165 per equity share. The minimum order quantity is 800 Shares. The IPO opens on May 30, 2023, and closes on Jun 2, 2023. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The CFF Fluid Control Limited IPO opens on May 30, 2023 and closes on Jun 2, 2023.
Ans. The size of CFF Fluid Control Limited IPO is 5,200,000 shares(aggregating up to ₹85.80 Cr).
Ans. The IPO price band is set between ₹165 per equity share.
Ans. To apply for CFF Fluid Control Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find CFF Fluid Control Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of CFF Fluid Control Limited IPO is Jun 7, 2023.
Ans. The CFF Fluid Control Limited IPO will be listed on Jun 12, 2023.
Ans. Follow the steps to check the allotment status for CFF Fluid Control Limited IPO here.