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CFF Fluid Control FPO is a fixed price issue of ₹87.75 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹87.75 crore.
CFF Fluid Control FPO bidding started from Jul 9, 2025 and ended on Jul 11, 2025. The allotment for CFF Fluid Control FPO was finalized on Jul 14, 2025. The shares got listed on BSE SME on Jul 16, 2025.
CFF Fluid Control FPO price is ₹585.00 per share . The lot size for an application is 200. The minimum amount of investment required by an individual investor (retail) is ₹2,34,000.00 (400 shares). The minimum lot size investment for HNI is 3 lots (600 shares), amounting to ₹3,51,000.
Aryaman Financial Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to CFF Fluid Control FPO DRHP for detailed Information.
| IPO Date | July 9, 2025 to July 11, 2025 |
| Listing Date | July 16, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹585 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,00,000 shares (aggregating up to ₹87.75 Cr) |
| Reserved for Market Maker | 78,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹4.56 Cr) |
| Net Offered to Public | 14,22,000 shares (aggregating up to ₹83.19 Cr) |
| Issue Type | Fixed Price FPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,94,74,100 shares |
| Share Holding Post Issue | 2,09,74,100 shares |
CFF Fluid Control FPO offers total 15,00,000 shares. Out of which 7,10,800 (47.39%) allocated to NII, 7,11,200 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (5.20%) |
| NII (HNI) Shares Offered | 7,10,800 (47.39%) |
| Retail Shares Offered | 7,11,200 (47.41%) |
| Total Shares Offered | 15,00,000 (100.00%) |
CFF Fluid Control FPO opens on July 9, 2025, and closes on July 11, 2025.
| IPO Open Date | Wed, Jul 9, 2025 |
| IPO Close Date | Fri, Jul 11, 2025 |
| Tentative Allotment | Mon, Jul 14, 2025 |
| Initiation of Refunds | Tue, Jul 15, 2025 |
| Credit of Shares to Demat | Tue, Jul 15, 2025 |
| Tentative Listing Date | Wed, Jul 16, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 11, 2025 |
Investors can bid for a minimum of 400 shares and in multiples of 200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 400 | ₹2,34,000 |
| Individual investors (Retail) (Max) | 2 | 400 | ₹2,34,000 |
| HNI (Min) | 3 | 600 | ₹3,51,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
CFF Fluid Control Ltd manufactures and services Submarine machinery, critical component systems, and test facilities for the Indian Defence PSU Shipyard. Its product portfolio includes fluid control systems, distributors and air panels, weapons and control systems, steering gear, propulsion systems, high-pressure air systems, hydraulics systems, breathing and Diving air systems, etc.
Its manufacturing facility is located at Khopoli, covering 6,000 square meters and featuring the latest machinery and testing facilities. It also has an additional manufacturing facility in the pipeline at Chakan Industrial Area, Pune, covering 1,950 square metres, for manufacturing critical and complex systems. The company has partnered with Atlas Elektronik GmbH to produce 12 low-frequency variable depth sonar systems for the Indian anti-submarine Warfare Shallow Water Craft program.
Strengths
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 199.03 | 161.16 | 88.68 |
| Total Income | 146.10 | 106.98 | 71.10 |
| Profit After Tax | 23.85 | 17.09 | 10.14 |
| EBITDA | 41.31 | 30.85 | 18.83 |
| Net Worth | 147.84 | 125.94 | 24.99 |
| Reserves and Surplus | 128.37 | 106.46 | 10.72 |
| Total Borrowing | 21.11 | 23.48 | 45.90 |
| Amount in ₹ Crore | |||
The market capitalization of CFF Fluid Control FPO is ₹1226.98 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 17.42% |
| ROCE | 21.84% |
| RoNW | 16.13% |
| PAT Margin | 16.39% |
| EBITDA Margin | 28.38% |
| Price to Book Value | 7.71 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 12.25 | 11.37 |
| P/E (x) | 47.77 | 51.45 |
The Company CFF Fluid Control FPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding Working capital requirements | 72.60 |
| 2 | General Corporate Purpose | 8.34 |
[Dilip Davda] CFCL floated its maiden IPO in June 2023, and now coming with FPO to raise further funds. The company is engaged in the manufacturing and servicing of submarine machinery, critical components and related servicing for defence PSU shipyards. The company marked steady growth in its top and bottom lines for the reported periods. Based on its recent financial data, the issue appears aggressively priced. Well-informed investors may park funds in this issue for long term. Read detail review...
| Listing Date | July 16, 2025 |
| BSE Script Code | 543920 |
| NSE Symbol | |
| ISIN | INE0NJ001013 |
| Final Issue Price | ₹585 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹585.00 |
| Open | ₹621.00 |
| Low | ₹621.00 |
| High | ₹674.80 |
| Last Trade | ₹653.00 |
CFF Fluid Control Ltd.
Plot No 01, Survey No 96
Kumbhivli Madap Khopoli,
Khalapur, Raigarh
Khalapur, Maharashtra, 410203
Phone: +91-2246086806
Email: compliance@cffdefensys.com
Website: http://www.cffdefensys.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
CFF Fluid Control FPO is a SME FPO of 15,00,000 equity shares of the face value of ₹10 aggregating up to ₹87.75 Crores. The issue is priced at ₹585 per share. The minimum order quantity is 200.
The FPO opens on July 9, 2025, and closes on July 11, 2025.
Cameo Corporate Services Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in CFF Fluid Control FPO using UPI as a payment gateway. Zerodha customers can apply in CFF Fluid Control FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in CFF Fluid Control FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The CFF Fluid Control FPO opens on July 9, 2025 and closes on July 11, 2025.
CFF Fluid Control FPO lot size is 200, and the minimum amount required for application is ₹2,34,000, with 2 lots being the minimum application size.
You can apply in CFF Fluid Control FPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for CFF Fluid Control FPO will be done on Monday, July 14, 2025, and the allotted shares will be credited to your demat account by Tuesday, July 15, 2025. Check the CFF Fluid Control FPO allotment status.
The CFF Fluid Control FPO listing date is on Wednesday, July 16, 2025.
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