CFF Fluid Control IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The CFF Fluid Control IPO will open on May 30 and close on June 2, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 85.80 crores through this public offering, consisting of 52 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 165 per share.
CFF Fluid Control Limited (“the Company”)
Incorporated in 2012. CFF Fluid Control Limited is primarily in the business of manufacturing and servicing shipboard machinery, critical component systems, and test facilities for submarines and surface ships for the Indian Navy. They also design, manufacture, and service mechanical equipment and systems for the nuclear and clean energy industries. 89.43% of the company is in the defence sector.
Company strength
- Experienced promoter and management team
- Visible growth through robust order book positioning
- Strong financial performance
- Technical capabilities, registrations, and empanelments
- Focus on the Navy Defence Sector
- Long-standing strategic partnerships
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Funding: working capital requirements
- Repayment of Loans
- Purchase of machinery and equipment
- Acquire the technology of “Towed Wire Antenna (TWA)”
- General Corporate Purpose
Financial Highlights (Restated)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 2,125 | 1,485 | 705 | 681 |
| Total Assets | 7,020 | 5,596 | 4,234 | 4,460 |
| Reserve & Surplus | 698 | 1,414 | 634 | 609 |
| Total Borrowings | 1,923 | 1,104 | 1,018 | 232 |
| Total Revenue | 3,908 | 4,712 | 1,481 | 3,196 |
| Profit After Tax | 640 | 780 | 25 | 135 |
IPO details
As per the DRHP filed with SEBI, 52 lakh shares will be offered as a fresh issue in the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 132,800 shares of the offering. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 165 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 800 shares |
| Issue Size | 5,200,000 shares (aggregating up to ₹ 85.80 crores) |
| Fresh Issue | 5,200,000 shares (aggregating up to ₹ 85.80 crores) |
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market maker portion | 260,800 shares is added to NII Reservation |
| Listing At | BSE SME |
| Company Promoters | Sunil Menon and Gautam Makkar |
GMP: CFF Fluid Control IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: CFF Fluid Control IPO
The issue opens for subscription on May 30, 2023, and closes for subscription on June 2, 2023 (both days inclusive). The basis of allotment will be finalised on June 7, 2023, and the refunds will be initiated on June 8, 2023. In addition, the demat credits are expected to happen on June 9, 2023, and the stock will list on June 12, 2023, on the BSE SME. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | May 30, 2023 |
| Closing Date | June 2, 2023 |
| Basis of Allotment | June 7, 2023 |
| Initiation of Refunds | June 8, 2023 |
| A credit of shares to Demat A/c | June 9, 2023 |
| Listing Date | June 12, 2023 |
Lot Size
The lot size of the CFF Fluid Control IPO is 800 shares. A retail-individual investor can apply for up to 1 lot, i.e. 800 shares of ₹ 132,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 800 | ₹ 132,000 |
| Retail (Maximum) | 1 | 800 | ₹ 132,000 |
| HNI (Minimum) | 2 | 1,600 | ₹ 264,000 |
Promoters Holdings
| Pre-issue Shares Holdings | 99.99% |
| Post-issue Shares Holdings | 73.30% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | CFF Fluid Control Limited Plot No 01, Survey No 96,Kumbhivli Madap Khopoli, Khalapur, Raigarh-410203 Phone: +91-2246086806 Email: [email protected] Website: http://www.cffdefensys.com/ |
| IPO Registrar | Cameo Corporate Services Limited Phone: +91-44-28460390 Email: [email protected] Website: https://ipo.cameoindia.com/ |
| IPO Lead Manager(s) | Aryaman Financial Services Limited |
FAQ’s
What is Proventus Agrocom’s IPO price?
The CFF Fluid Control IPO price is ₹ 165 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the CFF Fluid Control IPO contains 800 shares of ₹ 132,000.
When will the CFF Fluid Control IPO allotment be available?
The finalisation of the basis of allotment for the CFF Fluid Control IPO will be done on June 7, 2023, and the allotted shares will be credited to your demat account by June 9, 2023. Check the CFF Fluid Control IPO allotment status.
When will CFF Fluid Control IPO list on exchanges?
The CFF Fluid Control IPO shares listing date is June 12, 2023.
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