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CFF Fluid Control IPO vs Kore Digital IPO

Comparison between CFF Fluid Control IPO and Kore Digital IPO.

IPO Details

CFF Fluid Control IPO is a SME Fixed Price IPO proposed to list at BSE SME while Kore Digital IPO is a SME Fixed Price proposed to list at NSE SME.

 CFF Fluid Control IPOKore Digital IPO
LogoCFF Fluid Control IPO LogoKore Digital IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.First Overseas Capital Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO 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 Kore Digital IPO is up to ₹17.06 Cr. The final issue price of CFF Fluid Control IPO is ₹165.00 per share and of Kore Digital IPO is ₹180.00 per share.

 CFF Fluid Control IPOKore Digital IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹165.00 per share₹180.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares800 shares
Fresh Issue Size49,39,200 shares9,48,000 shares
Fresh Issue Size (Amount)up to ₹81.50 Crup to ₹17.06 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total49,39,200 shares9,48,000 shares
Issue Size Total (Amount)up to ₹81.50 Crup to ₹17.06 Cr

IPO Timetable

CFF Fluid Control IPO opens on May 30, 2023, while Kore Digital IPO opens on Jun 02, 2023. The closing date of CFF Fluid Control IPO and Kore Digital IPO is Jun 02, 2023, and Jun 07, 2023, respectively.

 CFF Fluid Control IPOKore Digital IPO
Anchor Bid Date
Issue OpenMay 30, 2023Jun 02, 2023
Issue CloseJun 02, 2023Jun 07, 2023
Basis Of Allotment (Tentative)Jun 07, 2023Jun 12, 2023
Initiation of Refunds (Tentative)Jun 08, 2023Jun 13, 2023
Credit of Share (Tentative)Jun 09, 2023Jun 14, 2023
Listing date (Tentative)Jun 12, 2023Jun 14, 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 Kore Digital IPO P/E ratio of 17.86.

 CFF Fluid Control IPOKore Digital IPO
Financials
CFF Fluid Control Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204,310.423,196.48132.99679.11607.741,433.03
31-Mar-214,232.321,481.2724.60703.71632.342,261.21
31-Mar-225,593.594,712.39779.511,483.221,411.851,659.17
31-Dec-227,165.575,085.37718.112,201.33773.922,693.09
Amount in ₹ Lakhs
Kore Digital Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20188.6687.611.828.217.21
31-Mar-21584.81397.9025.9334.1433.1421.96
31-Mar-221,441.571,694.45217.97252.11251.1117.72
31-Dec-221,573.071,195.71253.92506.02254.02184.18
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9999.70
Promoter Shareholding (Post-Issue)73.3071.38
P/E Ratio30.2217.86
Market Cap₹321.32 Cr.₹63.36 Cr.
ROE0.52%0.67%
ROCE0.31%0.49%
Debt/Equity1.220.36
EPS₹5.46₹10.08
RoNW52.56%50.18%

Shares Offered

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

 CFF Fluid Control IPOKore Digital IPO
Anchor Investor Reserveration
Market Maker Reserveration2,60,800 shares52,000 shares
QIB
NII24,69,600 shares4,74,000 shares
RII24,69,600 shares4,74,000 shares
Employee
Others
Total49,39,200 shares9,48,000 shares

Bids Received (Subscription)

CFF Fluid Control IPO subscribed 2.21x in total, whereas Kore Digital IPO subscribed 41.56x.

 CFF Fluid Control IPOKore Digital IPO
QIB (times)
NII (times)2.75x49.67x
Big NII (times)
Small NII (times)
RII (times)1.67x33.26x
Employee (times)
Other (times)
Total (times)2.21x41.56x