CFF Fluid Control Ltd (BSE SME)
May 30, 2023 – June 2, 2023
| Price | ₹165 - ₹165 |
| Premium | ₹10 |
|---|---|
| Lot size | 800 |
| Allotment | Jun 7, 2023 |
| Listing | Jun 12, 2023 |
CFF Fluid Control Limited
Plot No 01, Survey No 96,
Kumbhivli Madap Khopoli,
Khalapur, Raigarh-410203
Phone: +91-2246086806
Email: compliance@cffdefensys.com
Website: http://www.cffdefensys.com/
| Investor Category | Subscription (times) |
|---|---|
| Non-Institutional Buyers** | 2.58 |
| Retail Investors | 1.67 |
| Total | 2.15 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 800 | 132000 | 0 |
| HNI | 2 | 1600 | 264000 | 0 |
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.
CFF Fluid Control IPO Details
| 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 |
CFF Fluid Control IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Note:
- Market Maker portion of 260,800 equity shares is added to NII Reservation.
- Total Shares offered: QIB+NII+RII.
Company Financials
| Period | Mar-20 | Mar-21 | Mar-22 | Sep-22 |
|---|---|---|---|---|
| Assets | 4,460.42 | 4,233.99 | 5,595.70 | 7,020.12 |
| Revenue | 3,196.48 | 1,481.27 | 4,712.39 | 3,907.54 |
| Profit | 134.62 | 24.64 | 779.95 | 639.63 |
| Net Worth | 680.74 | 705.38 | 1,485.33 | 2,124.96 |
| Reserves | 609.37 | 634.01 | 1,413.96 | 697.55 |
| Borrowing | 232.12 | 1,017.64 | 1,104.48 | 1,922.55 |