CFF Fluid Control IPO vs Cosmic CRF IPO

Comparison between CFF Fluid Control IPO and Cosmic CRF IPO.

IPO Details

CFF Fluid Control IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Cosmic CRF IPO is a SME Bookbuilding proposed to list at BSE SME.

	CFF Fluid Control IPO	Cosmic CRF IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	BSE SME
Lead Managers	Aryaman Financial Services Ltd.	Horizon Management Pvt.Ltd.
Registrar	Cameo Corporate Services Ltd.	MAS Services Ltd.
Market Maker	Aryaman Capital Markets Ltd.	Giriraj Stock Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of CFF Fluid Control IPO is up to ₹81.50 Cr whereas the issue size of the Cosmic CRF IPO is up to ₹54.35 Cr. The final issue price of CFF Fluid Control IPO is ₹165.00 per share and of Cosmic CRF IPO is ₹314.00 per share.

	CFF Fluid Control IPO	Cosmic CRF IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹298.00 per share
Issue Price (Upper)		₹314.00 per share
Issue Price (Final)	₹165.00 per share	₹314.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	800 shares	400 shares
Fresh Issue Size	49,39,200 shares	17,30,800 shares
Fresh Issue Size (Amount)	up to ₹81.50 Cr	up to ₹54.35 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	49,39,200 shares	17,30,800 shares
Issue Size Total (Amount)	up to ₹81.50 Cr	up to ₹54.35 Cr

IPO Timetable

CFF Fluid Control IPO opens on May 30, 2023, while Cosmic CRF IPO opens on Jun 14, 2023. The closing date of CFF Fluid Control IPO and Cosmic CRF IPO is Jun 02, 2023, and Jun 21, 2023, respectively.

	CFF Fluid Control IPO	Cosmic CRF IPO
Anchor Bid Date
Issue Open	May 30, 2023	Jun 14, 2023
Issue Close	Jun 02, 2023	Jun 21, 2023
Basis Of Allotment (Tentative)	Jun 07, 2023	Jun 26, 2023
Initiation of Refunds (Tentative)	Jun 08, 2023	Jun 27, 2023
Credit of Share (Tentative)	Jun 09, 2023	Jun 29, 2023
Listing date (Tentative)	Jun 12, 2023	Jun 30, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

CFF Fluid Control IPO P/E ratio is 30.22, as compared to Cosmic CRF IPO P/E ratio of 35.64.

CFF Fluid Control IPO

Cosmic CRF IPO

Financials

CFF Fluid Control Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4,310.42	3,196.48	132.99	679.11	607.74	1,433.03
31-Mar-21	4,232.32	1,481.27	24.60	703.71	632.34	2,261.21
31-Mar-22	5,593.59	4,712.39	779.51	1,483.22	1,411.85	1,659.17
31-Dec-22	7,165.57	5,085.37	718.11	2,201.33	773.92	2,693.09
Amount in ₹ Lakhs

Cosmic CRF Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	1,605.02		-11.80	873.10	-11.80	671.72
31-Mar-23	6,875.24	12,149.31	641.20	1,629.40	629.40	3,151.33
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99

98.42

Promoter Shareholding (Post-Issue)

73.30

72.52

P/E Ratio

30.22

35.64

Market Cap

₹321.32 Cr.

₹228.43 Cr.

ROE

0.52%

ROCE

0.31%

Debt/Equity

1.22

EPS

₹5.46

₹13.50

RoNW

52.56%

39.35

Shares Offered

In the CFF Fluid Control IPO Retail Individual Investors (RII) are offered 24,69,600 shares while in Cosmic CRF IPO retail investors are offered 24,69,600 shares. Qualified Institutional Buyers (QIB) are offered in CFF Fluid Control IPO and 34,400 shares in Cosmic CRF IPO.

	CFF Fluid Control IPO	Cosmic CRF IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,60,800 shares	91,200 shares
QIB		34,400 shares
NII	24,69,600 shares	3,98,400 shares
RII	24,69,600 shares	12,98,000 shares
Employee
Others
Total	49,39,200 shares	17,30,800 shares

Bids Received (Subscription)

CFF Fluid Control IPO subscribed 2.21x in total, whereas Cosmic CRF IPO subscribed 1.16x.

	CFF Fluid Control IPO	Cosmic CRF IPO
QIB (times)		3.76x
NII (times)	2.75x	2.76x
Big NII (times)
Small NII (times)
RII (times)	1.67x	0.60x
Employee (times)
Other (times)
Total (times)	2.21x	1.16x

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