Fixed Price FPO | ₹88 Cr | Listed at BSE SME | Wed, Jul 9, 2025 - Fri, Jul 11, 2025
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 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 (400 shares) (based on upper price). The minimum lot size for investment in 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.
FPO Open
Wed, Jul 9, 2025
FPO Close
Fri, Jul 11, 2025
Issue Price
₹585 per share
Market Cap (Pre-IPO)
₹1,226.98 Cr
| IPO Date | 9 to 11 Jul, 2025 |
| Listed on | Wed, Jul 16, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹585 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price FPO |
| Listing At | BSE SME |
| Total Issue Size | 15,00,000 shares (agg. up to ₹88 Cr) |
| Reserved for Market Maker | 78,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 14,22,000 shares (agg. up to ₹83 Cr) |
| Net Offered to Public | 14,22,000 shares (agg. up to ₹83 Cr) |
| Share Holding Pre Issue | 1,94,74,100 shares |
| Share Holding Post Issue | 2,09,74,100 shares |
| BSE Script Code | 543920 |
| ISIN | INE0NJ001013 |
CFF Fluid Control FPO comprises a total issue size of 15,00,000 shares. The net offer to the public is 14,22,000 shares, after excluding 78,000 shares allotted on a firm basis. Of the Net offer 7,10,800 (49.99%) allocated to NII 7,11,200 (50.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,10,800 | 49.99% | 47.39% |
| Retail Shares Offered | 7,11,200 | 50.01% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 78,000 | 5.20% | |
| Total Shares Offered | 15,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 400 shares and in multiples of 200 shares thereof.
| 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 |
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 Ltd.'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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working capital requirements | 72.60 |
| 2 | General Corporate Purpose | 8.34 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 12.25 | 11.37 |
| P/E (x) | 47.77 | 51.45 |
| Promoter Holding | 73.31% | 68.06% |
| Market Cap | ₹1,226.98 Cr. |
The CFF Fluid Control FPO is subscribed 8.45 times on July 11, 2025 5:04:33 PM (Day 3). The public issue subscribed 6.34 times in the individual investors category, [.] times in the QIB category, and 10.06 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 10.06 | 7,11,000 | 71,50,600 | 0 |
| Individual Investors | 6.34 | 7,11,000 | 45,08,400 | 0 |
| Total | 8.45 | 14,22,001 | 1,20,14,600 | 15,261 |
Total Application : 15,261
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers Fees | 2.11 |
| 2 | Underwriting Fees | 3.95 |
| 3 | Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.22 |
| 4 | Fees payable to Market Maker to the Issue | 0.12 |
| 5 | Fees payable to the Registrar to the Issue | 0.02 |
| 6 | Fees Payable for Advertising and Publishing Expenses | 0.12 |
| 7 | Fees Payable to Regulators including Stock Exchanges & Depositories | 0.20 |
| 8 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 9 | Fees Payable to Statutory Auditor, Legal Advisors and other Professionals | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹585.00 |
| Open | ₹621.00 |
| Low | ₹621.00 |
| High | ₹674.80 |
| Last Trade | ₹653.00 |
Lead Manager Reports
CFF Fluid Control FPO is a SME FPO of 15,00,000 equity shares of the face value of ₹10 aggregating up to ₹88 Crores. The issue is priced at ₹585 per share. The minimum order quantity is 200.
The FPO opens on Wed, Jul 9, 2025, and closes on Fri, Jul 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 Wed, Jul 9, 2025 and closes on Fri, Jul 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 Tue, Jul 15, 2025. Check the CFF Fluid Control FPO allotment status.
The CFF Fluid Control FPO listing date is on Wed, Jul 16, 2025.
