Comparison between CFF Fluid Control FPO and Munish Forge IPO.
CFF Fluid Control FPO is a SME Bookbuilding IPO proposed to list at BSE SME while Munish Forge IPO is a SME Bookbuilding proposed to list at NSE SME.
| CFF Fluid Control FPO | Munish Forge IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | FPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Aryaman Financial Services Ltd. | Gretex Corporate Services Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Aryaman Capital Markets Ltd. | Gretex Share Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of CFF Fluid Control FPO is up to ₹83.19 Cr whereas the issue size of the Munish Forge IPO is up to ₹70.23 Cr. The final issue price of CFF Fluid Control FPO is ₹585.00 per share and of Munish Forge IPO is ₹96.00 per share.
| CFF Fluid Control FPO | Munish Forge IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹91.00 per share | |
| Issue Price (Upper) | ₹96.00 per share | |
| Issue Price (Final) | ₹585.00 per share | ₹96.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 200 shares | 1200 shares |
| Fresh Issue Size | 14,22,000 shares | 59,71,200 shares |
| Fresh Issue Size (Amount) | up to ₹83.19 Cr | up to ₹57.32 Cr |
| OFS Issue Size | 0 shares | 13,44,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹12.90 Cr |
| Issue Size Total | 14,22,000 shares | 73,15,200 shares |
| Issue Size Total (Amount) | up to ₹83.19 Cr | up to ₹70.23 Cr |
CFF Fluid Control FPO opens on Jul 09, 2025, while Munish Forge IPO opens on Sep 30, 2025. The closing date of CFF Fluid Control FPO and Munish Forge IPO is Jul 11, 2025, and Oct 03, 2025, respectively.
| CFF Fluid Control FPO | Munish Forge IPO | |
|---|---|---|
| Anchor Bid Date | Sep 29, 2025 | |
| Issue Open | Jul 09, 2025 | Sep 30, 2025 |
| Issue Close | Jul 11, 2025 | Oct 03, 2025 |
| Basis Of Allotment (Tentative) | Jul 14, 2025 | Oct 06, 2025 |
| Initiation of Refunds (Tentative) | Jul 15, 2025 | Oct 07, 2025 |
| Credit of Share (Tentative) | Jul 15, 2025 | Oct 07, 2025 |
| Listing date (Tentative) | Jul 16, 2025 | Oct 08, 2025 |
| Anchor Lockin End date 1 | Nov 05, 2025 | |
| Anchor Lockin End date 2 | Jan 04, 2026 |
CFF Fluid Control FPO P/E ratio is 47.77, as compared to Munish Forge IPO P/E ratio of 11.89.
| CFF Fluid Control FPO | Munish Forge IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)CFF Fluid Control Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 40% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Munish Forge Ltd.'s revenue increased by 11% and profit after tax (PAT) rose by 226% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 73.31 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 68.06 | 68.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 47.77 | 11.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1226.98 Cr. | ₹231.07 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 17.42% | 21.22% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 21.84% | 16.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.25 | ₹8.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 16.13% | 26.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the CFF Fluid Control FPO Retail Individual Investors (RII) are offered 7,11,200 shares while in Munish Forge IPO retail investors are offered 7,11,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in CFF Fluid Control FPO and 14,62,800 shares in Munish Forge IPO.
| CFF Fluid Control FPO | Munish Forge IPO | |
|---|---|---|
| Anchor Investor Reservation | 21,93,600 shares | |
| Market Maker Reservation | 78,000 shares | 3,85,200 shares |
| QIB | 0 shares | 14,62,800 shares |
| NII | 7,10,800 shares | 10,98,000 shares |
| RII | 7,11,200 shares | 25,60,800 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 14,22,000 shares | 73,15,200 shares |
CFF Fluid Control FPO subscribed 8.45x in total, whereas Munish Forge IPO subscribed 3.53x.
| CFF Fluid Control FPO | Munish Forge IPO | |
|---|---|---|
| QIB (times) | 4.05x | |
| NII (times) | 10.06x | 4.88x |
| Big NII (times) | 5.93x | |
| Small NII (times) | 2.77x | |
| RII (times) | 6.34x | 2.66x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 8.45x | 3.53x |
