IPO Details
Bidding Dates
30 May '23 - 02 Jun '23
Minimum Investment
₹132,000 / 1 Lots (800 Shares)
Price Range
₹165 per share
Maximum Investment
₹132,000 / 1 Lots (800 Shares)
Retail Discount
Not Applicable
Issue Size
₹32.74 crore
Investor category and sub category
Qualified Institutional Investors | Non-Institutional Investors | Retail Individual Investor |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
May 30, 2023
Closing Date
Jun 2, 2023
Basis of Allotment
Jun 7, 2023
Initiation of Refunds
Jun 8, 2023
Credit of Shares to Demat
Jun 9, 2023
Listing Date
Jun 12, 2023
UPI Mandatory Expiry Date
Jun 2, 2023
CFF Fluid Control IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1May 30, 2023 |
1.31 | 0.07 | 0.72 |
Day 2May 31, 2023 |
1.59 | 0.25 | 0.96 |
Day 3Jun 1, 2023 |
1.80 | 0.58 | 1.22 |
Day 4Jun 2, 2023 |
1.91 | 0.77 | 1.37 |
CFF Fluid Control IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyer | [.] |
| Non-Institutional Buyers | 1.91 |
| Retail Investors | 0.77 |
| Employees | [.] |
| Others | [.] |
| Total | 1.37 |
About CFF Fluid Control Limited IPO
The India-based small-cap is a critical player, manufacturing and servicing shipboard machinery, critical component systems, and test facilities for submarines and surface ships of the Indian Navy. It is also involved in the designing, manufacturing, and servicing of equipment and systems used in the nuclear and clean energy industries.
The company was incorporated in 2012 to support the growing needs of the Indian Navy, and Mazagaon Dockyard and Shipbuilders Ltd. (MDL). It has its manufacturing unit located in Khopoli.
CFF Fluid Control Limited IPO Details
The CFF Fluid Control IPO, worth Rs. 85.80 crore, will open for bidding on May 30, 2023. The fixed-price IPO shares will be available at Rs. 165 per share. The minimum order size for CFF Fluid Control Ltd. is one lot with 800 shares. Retail investors can bid for the offer from May 30 to June 2, 2023.
CFF Fluid Control Limited IPO Objectives
The following are the main objectives of the CFF Fluid Control Limited IPO.
- To meet the company’s working capital requirements and for general corporate purposes
- To repay specific market borrowing
- To purchase new machines and Towed Wire Antenna (TWA) technology
Should you invest in CFF Fluid Control Limited?
You can evaluate the IPO based on the factors below:
- The company’s promoters have 20+ years of experience in the domain.
- It is a robust book order (around 90% of the total order value) coming from the Indian Navy.
- As the government intensifies efforts to improve self-reliance in defence equipment and machines, the importance of such companies will increase.
Competitive Peers
Other players in the domain recognised in the company’s DRHP are Data Patterns (India) Ltd., MTAR Technologies, Paras Defence and Space Technologies, and Bharat Electronics Ltd.
Highlights of CFF Fluid Control Ltd.
- The company’s revenue from operations had grown at a 21.60% CAGR from FY2020 to FY2022.
- It managed to book continuous profit since its inception and demonstrated a strong financial track record.
CFF Fluid Control Company Financials
| Particulars | Period ending on December 31, 2022 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 5,077.32 | 4,698.77 | 1,452.41 |
| Profit After Tax (PAT) | 718.11 | 779.51 | 24.60 |
| PAT Margin | 14.12% | 16.54% | 1.66% |
| EBITDA | 1,230.42 | 1,250.90 | 307.04 |
| EBITDA Margin | 24.23% | 26.81% | 21.14% |
| EPS | 5.03 | 5.46 | 0.17 |
Know before investing
Strengths
3-
Experienced promoters and a team of experienced management.
-
Robust financial performance and track record.
-
Visible growth along with a robust order book position.
Risks
3-
The company promoters are involved in certain legal cases, and the verdicts in these cases might impact the brand image of the company.
-
It is dependent on Indian Navy projects to keep earning revenue.
-
It doesn’t enter into long-term contracts with suppliers, which might affect future prices and raw material supply.
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CFF Fluid Control IPO FAQs
CFF Fluid Control Ltd. IPO opens for subscription on May 30, 2023. The Fresh Issue IPO contains 52 lakh equity shares worth Rs. 85.80 crore.
The CFF Fluid Control IPO is a fixed price issue, with the share price fixed at Rs. 165 per share. Retail investors can apply for one lot with 800 shares.
The Basis of Allotment will happen on June 7, 2023.
The lot size for CFF Fluid Control Ltd. is 800 equity shares for one lot.
The IPO subscription window will open on May 30, 2023.
Retail investors can apply for a minimum of one lot.
CFF Fluid Control Ltd. IPO will list on the NSE exchange on June 12, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Validate with an OTP.
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is June 12, 2023, for CFF Fluid Control Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
Only one application can be submitted for one PAN card. If you want to increase your chance of receiving an IPO allotment with multiple applications, you can use the PAN cards of your friends and family.
The minimum order size for the CFF Fluid Control Limited IPO is 800 shares per lot.
