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CFF Fluid Control IPO vs Vasa Denticity IPO

Comparison between CFF Fluid Control IPO and Vasa Denticity IPO.

IPO Details

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

 CFF Fluid Control IPOVasa Denticity IPO
LogoCFF Fluid Control IPO LogoVasa Denticity IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Hem Securities Ltd.
RegistrarCameo Corporate Services Ltd.MAS Services Ltd.
Market MakerAryaman Capital Markets Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor 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 Vasa Denticity IPO is up to ₹51.30 Cr. The final issue price of CFF Fluid Control IPO is ₹165.00 per share and of Vasa Denticity IPO is ₹128.00 per share.

 CFF Fluid Control IPOVasa Denticity IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹121.00 per share
Issue Price (Upper)₹128.00 per share
Issue Price (Final)₹165.00 per share₹128.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares1000 shares
Fresh Issue Size49,39,200 shares29,58,000 shares
Fresh Issue Size (Amount)up to ₹81.50 Crup to ₹37.86 Cr
OFS Issue Size0 shares10,50,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹13.44 Cr
Issue Size Total49,39,200 shares40,08,000 shares
Issue Size Total (Amount)up to ₹81.50 Crup to ₹51.30 Cr

IPO Timetable

CFF Fluid Control IPO opens on May 30, 2023, while Vasa Denticity IPO opens on May 23, 2023. The closing date of CFF Fluid Control IPO and Vasa Denticity IPO is Jun 02, 2023, and May 25, 2023, respectively.

 CFF Fluid Control IPOVasa Denticity IPO
Anchor Bid DateMay 22, 2023
Issue OpenMay 30, 2023May 23, 2023
Issue CloseJun 02, 2023May 25, 2023
Basis Of Allotment (Tentative)Jun 07, 2023May 30, 2023
Initiation of Refunds (Tentative)Jun 08, 2023May 31, 2023
Credit of Share (Tentative)Jun 09, 2023Jun 01, 2023
Listing date (Tentative)Jun 12, 2023Jun 02, 2023
Anchor Lockin End date 1Jun 29, 2023
Anchor Lockin End date 2Aug 28, 2023

Financials & KPIs

CFF Fluid Control IPO P/E ratio is 30.22, as compared to Vasa Denticity IPO P/E ratio of 30.62.

 CFF Fluid Control IPOVasa Denticity 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
Vasa Denticity Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20481.783,045.139.4427.207.2064.57
31-Mar-21691.054,017.7232.5859.7839.78197.24
31-Mar-221,945.917,714.08540.98600.76580.76326.29
31-Dec-222,695.188,757.11501.901,102.661,082.66266.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9995.00
Promoter Shareholding (Post-Issue)73.3069.62
P/E Ratio30.2230.62
Market Cap₹321.32 Cr.₹205.01 Cr.
ROE0.52%0.46%
ROCE0.31%0.54%
Debt/Equity1.220.24
EPS₹5.46₹4.43
RoNW52.56%90.05%

Shares Offered

In the CFF Fluid Control IPO Retail Individual Investors (RII) are offered 24,69,600 shares while in Vasa Denticity IPO retail investors are offered 24,69,600 shares. Qualified Institutional Buyers (QIB) are offered in CFF Fluid Control IPO and 8,02,000 shares in Vasa Denticity IPO.

 CFF Fluid Control IPOVasa Denticity IPO
Anchor Investor Reserveration12,00,000 shares
Market Maker Reserveration2,60,800 shares2,16,000 shares
QIB8,02,000 shares
NII24,69,600 shares6,02,000 shares
RII24,69,600 shares14,04,000 shares
Employee
Others
Total49,39,200 shares40,08,000 shares

Bids Received (Subscription)

CFF Fluid Control IPO subscribed 2.21x in total, whereas Vasa Denticity IPO subscribed 73.14x.

 CFF Fluid Control IPOVasa Denticity IPO
QIB (times)37.26x
NII (times)2.75x156.09x
Big NII (times)
Small NII (times)
RII (times)1.67x58.07x
Employee (times)
Other (times)
Total (times)2.21x73.14x