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CFF Fluid Control FPO vs Nikita Papers IPO

Comparison between CFF Fluid Control FPO and Nikita Papers IPO.

IPO Details

CFF Fluid Control FPO is a SME Bookbuilding IPO proposed to list at BSE SME while Nikita Papers IPO is a SME Bookbuilding proposed to list at NSE SME.

 CFF Fluid Control FPONikita Papers IPO
LogoCFF Fluid Control FPO LogoNikita Papers IPO Logo
Issue CategorySMESME
Issue TypeFPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Fast Track Finsec Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of CFF Fluid Control FPO is up to ₹83.19 Cr whereas the issue size of the Nikita Papers IPO is up to ₹64.15 Cr. The final issue price of CFF Fluid Control FPO is ₹585.00 per share and of Nikita Papers IPO is ₹104.00 per share.

 CFF Fluid Control FPONikita Papers IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share
Issue Price (Upper)₹104.00 per share
Issue Price (Final)₹585.00 per share₹104.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size200 shares1200 shares
Fresh Issue Size14,22,000 shares61,68,000 shares
Fresh Issue Size (Amount)up to ₹83.19 Crup to ₹64.15 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total14,22,000 shares61,68,000 shares
Issue Size Total (Amount)up to ₹83.19 Crup to ₹64.15 Cr

IPO Timetable

CFF Fluid Control FPO opens on Jul 09, 2025, while Nikita Papers IPO opens on May 27, 2025. The closing date of CFF Fluid Control FPO and Nikita Papers IPO is Jul 11, 2025, and May 29, 2025, respectively.

 CFF Fluid Control FPONikita Papers IPO
Anchor Bid DateMay 26, 2025
Issue OpenJul 09, 2025May 27, 2025
Issue CloseJul 11, 2025May 29, 2025
Basis Of Allotment (Tentative)Jul 14, 2025May 30, 2025
Initiation of Refunds (Tentative)Jul 15, 2025Jun 02, 2025
Credit of Share (Tentative)Jul 15, 2025Jun 02, 2025
Listing date (Tentative)Jul 16, 2025Jun 03, 2025
Anchor Lockin End date 1Jun 30, 2025
Anchor Lockin End date 2Aug 28, 2025

Financials & KPIs

CFF Fluid Control FPO P/E ratio is 47.77, as compared to Nikita Papers IPO P/E ratio of 11.39.

 CFF Fluid Control FPONikita Papers IPO
Financials

CFF FLuid Control Limited Financial Information (Restated)

CFF FLuid Control Limited's revenue increased by 37% and profit after tax (PAT) rose by 40% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets199.03161.1688.68
Total Income146.10106.9871.10
Profit After Tax23.8517.0910.14
EBITDA41.3130.8518.83
Net Worth147.84125.9424.99
Reserves and Surplus128.37106.4610.72
Total Borrowing21.1123.4845.90
Amount in ₹ Crore

Nikita Papers Limited Financial Information (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets349.78299.00256.80235.30
Total Income272.38346.78401.31358.49
Profit After Tax15.6816.608.656.95
Net Worth93.0577.3754.7446.10
Reserves and Surplus74.8859.2046.1337.48
Total Borrowing206.71189.24163.02124.74
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)73.3180.38
Promoter Shareholding (Post-Issue)68.0659.219
P/E Ratio47.7711.39
Market Cap₹1226.98 Cr.₹256.55 Cr.
ROE17.42%21.45%
ROCE21.84%28.71%
Debt/Equity0.45
EPS₹12.25₹9.13
RoNW16.13%21.45%

Shares Offered

In the CFF Fluid Control FPO Retail Individual Investors (RII) are offered 7,11,200 shares while in Nikita Papers IPO retail investors are offered 7,11,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in CFF Fluid Control FPO and 22,15,200 shares in Nikita Papers IPO.

 CFF Fluid Control FPONikita Papers IPO
Anchor Investor Reserveration8,68,800 shares
Market Maker Reserveration78,000 shares3,26,400 shares
QIB0 shares22,15,200 shares
NII7,10,800 shares9,25,200 shares
RII7,11,200 shares21,58,800 shares
Employee0 shares
Others
Total14,22,000 shares61,68,000 shares

Bids Received (Subscription)

CFF Fluid Control FPO subscribed 8.45x in total, whereas Nikita Papers IPO subscribed 1.43x.

 CFF Fluid Control FPONikita Papers IPO
QIB (times)0.74x
NII (times)10.06x2.11x
Big NII (times)
Small NII (times)
RII (times)6.34x1.84x
Employee (times)
Other (times)
Total (times)8.45x1.43x