Established in 2012, CFF Fluid Control Limited specializes in manufacturing and servicing shipboard machinery for critical component systems and test facilities used in submarines and surface ships for The Indian Navy. The company also designs, manufactures, and services mechanical equipment and systems for industries in the Nuclear and Clean Energy sectors.
With over 20 years of experience in the defense manufacturing space, the Company’s promoters and group companies have a strong background in this field.
CFF Fluid Control was founded with a specific focus on meeting the increasing demands of the Indian Navy, Mazagaon Dockyard, and Shipbuilders Limited (MDL). The company was tasked with manufacturing and supplying mechanical equipment for the “Scorpene” Submarine Program of India.
The company’s state-of-the-art facilities, spanning 6,000 square meters, are strategically located in Khopoli. Equipped with cutting-edge machinery and testing facilities, the facility is dedicated to the design, manufacturing, and servicing of various systems, 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 systems cater to submarines and surface ships for The Indian Navy and its Original Equipment Manufacturers (OEMs).
CFF Fluid Control’s facility holds approval from the Indian Navy, MDL, and Naval Group (France), and is ISO 9001:2015 certified for adhering to rigorous quality management standards. With its specialized expertise and advanced capabilities, the company plays a vital role in supporting the defense and clean energy sectors, contributing to India’s technological advancements and strategic objectives.
Cff Fluid Control Ltd Stock Quote #
- Open: ₹243.00
- High – Low: ₹248.95 – ₹241.00
- Previous Close: ₹243.00
- Total Traded Value: 36,800
- 52 Weeks High: ₹274.40 (Jul 13, 2023)
- 52 Weeks Low: ₹165.00 (Jun 16, 2023)
- Updated On: Jul 20, 2023 4:00 PM
CFF Fluid Control IPO Details #
| IPO Date | May 30, 2023 to Jun 2, 2023 |
| Listing Date | Jun 12, 2023 |
| Face Value | ₹10 per share |
| Price | ₹165 per share |
| Lot Size | 800 Shares |
| Total 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 | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 14,274,100 |
| Share holding post issue | 19,474,100 |
| Market Maker portion | 260,800 shares Aryaman Capital Markets |
CFF Fluid Control IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 260,800 (5.28%) |
| Other Shares Offered | 2,339,200 (47.36%) |
| Retail Shares Offered | 2,339,200 (47.36%) |
| Total Shares Offered | 4,939,200 (100%) |
CFF Fluid Control IPO Timetable (Tentative) #
CFF Fluid Control IPO opens on May 30, 2023, and closes on Jun 2, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Tuesday, 30 May 2023 |
| Closing Date | Friday, 2 June 2023 |
| Basis of Allotment | Wednesday, 7 June 2023 |
| Initiation of Refunds | Thursday, 8 June 2023 |
| Credit of Shares to Demat | Friday, 9 June 2023 |
| Listing Date | Monday, 12 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 2, 2023 |
CFF Fluid Control IPO Lot Size #
The CFF Fluid Control IPO lot size is 800 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹132,000 |
| Retail (Max) | 1 | 800 | ₹132,000 |
| HNI (Min) | 2 | 1,600 | ₹264,000 |
| Lot Size Calculator | |||
CFF Fluid Control IPO Promoter Holding #
Sunil Menon and Gautam Makkar are the promoters of the company.
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.30% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 4,310.42 | 3,196.48 | 132.99 | 679.11 | 607.74 | 1,433.03 |
| 31-Mar-21 | 4,232.32 | 1,481.27 | 24.60 | 703.71 | 632.34 | 2,261.21 |
| 31-Mar-22 | 5,593.59 | 4,712.39 | 779.51 | 1,483.22 | 1,411.85 | 1,659.17 |
| 31-Dec-22 | 7,165.57 | 5,085.37 | 718.11 | 2,201.33 | 773.92 | 2,693.09 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 30.22 |
| Market Cap (₹ Cr.) | 321.32 |
| ROE | 0.52% |
| ROCE | 0.31% |
| Debt/Equity | 1.22 |
| EPS (Rs) | 5.46 |
| RoNW | 52.56% |
Objects of the Issue #
The Company proposes to utilize the Net Proceeds from Issue 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 Subscription Status (Bidding Detail) #
The CFF Fluid Control IPO is subscribed 2.21 times on Jun 2, 2023 7:02:00 PM. The public issue subscribed 1.67 times in the retail category, times in the QIB category, and 2.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.75 |
| Retail | 1.67 |
| Total | 2.21 |
Total Application : 1,906 (0.65 times)
CFF Fluid Control IPO Prospectus #
- › CFF Fluid Control IPO DRHP
- › CFF Fluid Control IPO RHP
CFF Fluid Control IPO Listing Details #
| Listing Date | Jun 12, 2023 |
| BSE Script Code | 543920 |
| NSE Symbol | |
| ISIN | INE0NJ001013 |
| Final Issue Price | ₹165 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹165.00 |
| ₹175.00 |
| ₹175.00 |
| ₹183.75 |
| ₹183.75 |
Check IPO Performance…
Company Contact Information #
Plot No 01, Survey No 96,
Kumbhivli Madap Khopoli,
Khalapur, Raigarh-410203
Phone: +91-2246086806
Email: compliance@cffdefensys.com
Website: http://www.cffdefensys.com/
CFF Fluid Control IPO Registrar #
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
CFF Fluid Control IPO Lead Manager(s) #
Frequently Asked Questions #
What is the business of CFF Fluid Control Limited? #
CFF Fluid Control Limited is primarily engaged in the business of manufacturing and servicing shipboard machinery, critical component systems, and test facilities for submarines and surface ships for The Indian Navy. The company also designs, manufactures, and services mechanical equipment and systems for industries like Nuclear and Clean Energy.
When is the CFF Fluid Control IPO open and close for subscription? #
The CFF Fluid Control IPO opened for subscription on May 30, 2023, and closed on June 2, 2023.
What is the IPO price and lot size of CFF Fluid Control IPO? #
The IPO price for CFF Fluid Control IPO is ₹165 per equity share, and the lot size is 800 shares.
What is the total issue size and listing date of CFF Fluid Control IPO? #
The total issue size of CFF Fluid Control IPO is 5,200,000 shares, aggregating up to ₹85.80 crores. The listing date for CFF Fluid Control IPO is June 12, 2023.
How can retail investors apply for CFF Fluid Control IPO shares? #
Retail investors can apply for CFF Fluid Control IPO shares online through banks using ASBA or through a broker using UPI.
What are the IPO subscription details for CFF Fluid Control IPO? #
The CFF Fluid Control IPO received a subscription of 2.21 times for the total issue size.
What are the important dates of CFF Fluid Control IPO? #
The CFF Fluid Control IPO opened on May 30, 2023, and closed on June 2, 2023.
The basis of allotment is expected to be finalized on June 7, 2023.
Refunds will be initiated on June 8, 2023, and shares will be credited to demat accounts on June 9, 2023.
The listing date is scheduled for June 12, 2023.
Is it recommended to apply for CFF Fluid Control IPO? #
We do not provide IPO recommendations. Investors should conduct thorough research, consider the company’s financials, market conditions, and expert analysis before making an investment decision.
Please note that the information provided in the FAQs is based on the data available as of June 2, 2023. For the latest updates and detailed information, please refer to the official sources and the prospectus of CFF Fluid Control IPO.
