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CFF Fluid Control IPO vs Comrade Appliances IPO

Comparison between CFF Fluid Control IPO and Comrade Appliances IPO.

IPO Details

CFF Fluid Control IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Comrade Appliances IPO is a SME Bookbuilding proposed to list at BSE SME.

 CFF Fluid Control IPOComrade Appliances IPO
LogoCFF Fluid Control IPO LogoComrade Appliances IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersAryaman Financial Services Ltd.Gretex Corporate Services Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Gretex Share Broking 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 Comrade Appliances IPO is up to ₹11.69 Cr. The final issue price of CFF Fluid Control IPO is ₹165.00 per share and of Comrade Appliances IPO is ₹54.00 per share.

 CFF Fluid Control IPOComrade Appliances IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹54.00 per share
Issue Price (Final)₹165.00 per share₹54.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares2000 shares
Fresh Issue Size49,39,200 shares21,64,000 shares
Fresh Issue Size (Amount)up to ₹81.50 Crup to ₹11.69 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total49,39,200 shares21,64,000 shares
Issue Size Total (Amount)up to ₹81.50 Crup to ₹11.69 Cr

IPO Timetable

CFF Fluid Control IPO opens on May 30, 2023, while Comrade Appliances IPO opens on May 31, 2023. The closing date of CFF Fluid Control IPO and Comrade Appliances IPO is Jun 02, 2023, and Jun 05, 2023, respectively.

 CFF Fluid Control IPOComrade Appliances IPO
Anchor Bid DateMay 30, 2023
Issue OpenMay 30, 2023May 31, 2023
Issue CloseJun 02, 2023Jun 05, 2023
Basis Of Allotment (Tentative)Jun 07, 2023Jun 08, 2023
Initiation of Refunds (Tentative)Jun 08, 2023Jun 09, 2023
Credit of Share (Tentative)Jun 09, 2023Jun 12, 2023
Listing date (Tentative)Jun 12, 2023Jun 13, 2023
Anchor Lockin End date 1Jul 08, 2023
Anchor Lockin End date 2Sep 06, 2023

Financials & KPIs

CFF Fluid Control IPO P/E ratio is 30.22, as compared to Comrade Appliances IPO P/E ratio of 17.14.

 CFF Fluid Control IPOComrade Appliances 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
Comrade Appliances Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201,678.982,162.2941.80293.40-38.97400.93
31-Mar-213,140.652,603.8520.21241.77-90.601,412.38
31-Mar-222,527.312,973.2838.75502.43-14.871,113.79
31-Mar-232,753.182,699.43163.57689.41164.331,766.48
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.99100.00
Promoter Shareholding (Post-Issue)73.3069.74
P/E Ratio30.2217.14
Market Cap₹321.32 Cr.₹40.66 Cr.
ROE0.52%0.27%
ROCE0.31%0.16%
Debt/Equity1.221.96
EPS₹5.46₹3.15
RoNW52.56%23.73%

Shares Offered

In the CFF Fluid Control IPO Retail Individual Investors (RII) are offered 24,69,600 shares while in Comrade Appliances IPO retail investors are offered 24,69,600 shares. Qualified Institutional Buyers (QIB) are offered in CFF Fluid Control IPO and 4,32,000 shares in Comrade Appliances IPO.

 CFF Fluid Control IPOComrade Appliances IPO
Anchor Investor Reserveration6,48,000 shares
Market Maker Reserveration2,60,800 shares1,14,000 shares
QIB4,32,000 shares
NII24,69,600 shares3,26,000 shares
RII24,69,600 shares7,58,000 shares
Employee
Others
Total49,39,200 shares21,64,000 shares

Bids Received (Subscription)

CFF Fluid Control IPO subscribed 2.21x in total, whereas Comrade Appliances IPO subscribed 77.25x.

 CFF Fluid Control IPOComrade Appliances IPO
QIB (times)21.86x
NII (times)2.75x162.67x
Big NII (times)
Small NII (times)
RII (times)1.67x72.08x
Employee (times)
Other (times)
Total (times)2.21x77.25x