CFF Fluid Control Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,469,600 (47%) | — | ₹4,075 Cr |
| Retail | — | 2,469,600 (47%) | — | ₹4,075 Cr |
| Market Maker | — | 260,800 (5%) | — | ₹43 Cr |
| Σ Total | — | 5,200,000 (100%) | — | ₹85,800 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹132,000 |
| Retail (Max) | 13 | 10,400 | ₹1,716,000 |
| S-HNI (Min) | 14 | 11,200 | ₹1,848,000 |
| B-HNI (Min) | 67 | 53,600 | ₹8,844,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Dec-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 5,085 | 4,712 | 1,481 |
| Profit After Tax | 718 | 780 | 25 |
| Net Worth | 2,201 | 1,483 | 704 |
| Total Assets | 7,166 | 5,594 | 4,232 |
| Reserves & Surplus | 774 | 1,412 | 632 |
| Total Borrowing | 2,693 | 1,659 | 2,261 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding Working capital requirements – 29.42
- Repayment of Loans – 21.00
- Purchase of machinery and equipment – 8.86
- Acquire Technology of “ Towed Wire Antenna (TWA) – 8.50
- General Corporate Purpose – 16.71
Company Overview
Incorporated in 2012, 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.