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CFF Fluid Control IPO vs Sahana System IPO

Comparison between CFF Fluid Control IPO and Sahana System IPO.

IPO Details

CFF Fluid Control IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sahana System IPO is a SME Bookbuilding proposed to list at NSE SME.

 CFF Fluid Control IPOSahana System IPO
LogoCFF Fluid Control IPO LogoSahana System IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Interactive Financial Services Ltd.
RegistrarCameo Corporate Services Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Rikhav Securities 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 Sahana System IPO is up to ₹31.05 Cr. The final issue price of CFF Fluid Control IPO is ₹165.00 per share and of Sahana System IPO is ₹135.00 per share.

 CFF Fluid Control IPOSahana System IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹132.00 per share
Issue Price (Upper)₹135.00 per share
Issue Price (Final)₹165.00 per share₹135.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares1000 shares
Fresh Issue Size49,39,200 shares23,00,000 shares
Fresh Issue Size (Amount)up to ₹81.50 Crup to ₹31.05 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total49,39,200 shares23,00,000 shares
Issue Size Total (Amount)up to ₹81.50 Crup to ₹31.05 Cr

IPO Timetable

CFF Fluid Control IPO opens on May 30, 2023, while Sahana System IPO opens on May 31, 2023. The closing date of CFF Fluid Control IPO and Sahana System IPO is Jun 02, 2023, and Jun 02, 2023, respectively.

 CFF Fluid Control IPOSahana System IPO
Anchor Bid Date
Issue OpenMay 30, 2023May 31, 2023
Issue CloseJun 02, 2023Jun 02, 2023
Basis Of Allotment (Tentative)Jun 07, 2023Jun 07, 2023
Initiation of Refunds (Tentative)Jun 08, 2023Jun 08, 2023
Credit of Share (Tentative)Jun 09, 2023Jun 09, 2023
Listing date (Tentative)Jun 12, 2023Jun 12, 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 Sahana System IPO P/E ratio of 16.88.

 CFF Fluid Control IPOSahana System 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
Sahana System Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-21772.93331.4716.4417.4416.44723.25
31-Mar-221,498.911,217.39141.18452.06142.53512.59
31-Mar-232,417.822,414.23639.641,079.71522.56477.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9990.25
Promoter Shareholding (Post-Issue)73.30
P/E Ratio30.2216.88
Market Cap₹321.32 Cr.₹107.95 Cr.
ROE0.52%83.52%
ROCE0.31%61.05%
Debt/Equity1.220.44
EPS₹5.46₹11.48
RoNW52.56%59.24%

Shares Offered

In the CFF Fluid Control IPO Retail Individual Investors (RII) are offered 24,69,600 shares while in Sahana System IPO retail investors are offered 24,69,600 shares. Qualified Institutional Buyers (QIB) are offered in CFF Fluid Control IPO and 2,30,000 shares in Sahana System IPO.

 CFF Fluid Control IPOSahana System IPO
Anchor Investor Reserveration
Market Maker Reserveration2,60,800 shares1,25,000 shares
QIB2,30,000 shares
NII24,69,600 shares10,35,000 shares
RII24,69,600 shares10,35,000 shares
Employee
Others
Total49,39,200 shares23,00,000 shares

Bids Received (Subscription)

CFF Fluid Control IPO subscribed 2.21x in total, whereas Sahana System IPO subscribed 9.99x.

 CFF Fluid Control IPOSahana System IPO
QIB (times)9.70x
NII (times)2.75x7.07x
Big NII (times)
Small NII (times)
RII (times)1.67x12.97x
Employee (times)
Other (times)
Total (times)2.21x9.99x