Fixed Price IPO | ₹[.] Cr | Listing at BSE SME |
FFS Defence Engineering Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on May 22, 2025.
FFS Defence Engineering Ltd. IPO was a Fixed Price Issue
The equity shares were proposed to be listed on the BSE SME. Inventure Merchant Banker Services Pvt.Ltd. was the book running lead manager and MUFG Intime India Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Feb 18, 2025 |
| Offer document withdrawn | Thu, May 22, 2025 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,28,000 |
| Retail (Max) | 1 | 1,600 | ₹1,28,000 |
| HNI (Min) | 2 | 3,200 | ₹2,56,000 |
Incorporated in 2019, FFS Defence Engineering Limited is engaged in the business of manufacturing the ultra large size tubes required by the Defence and Space Industry.
The company specializes in manufacturing motor tubes for rockets using large flow-forming machines, producing tubes up to 700mm in diameter and 6000mm in length from materials like alloy steel and maraging steel.
The company operates two flow-forming machines, producing tubes from 25mm to 700mm in diameter. This process ensures high precision, durability, and strength for rocket motor components and aerospace applications.
The company manufactures high-performance optical components, including metal mirrors, IR lenses, silicon carbide mirrors, and coated lenses for aerospace and defense, enhancing durability and performance for precision tasks.
The company’s facility includes advanced machines like Coordinate Measuring Machine (CMM), Zygo surface profiler, polishing machines, and coating systems, ensuring high precision, tight tolerances, and quality finishes for defense and space optics.
Products Portfolio:
As of December 31, 2024, the company had 19 employees.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 52.97 | 55.68 | 41.09 | 40.42 |
| Total Income | 5.02 | 23.93 | 8.80 | 0.19 |
| Profit After Tax | 0.47 | 3.06 | -3.31 | 0.03 |
| NET Worth | 29.24 | 28.77 | 16.71 | 19.99 |
| Reserves and Surplus | 24.24 | 23.77 | -3.04 | 0.24 |
| Total Borrowing | 10.44 | 11.89 | 22.14 | 18.83 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment / Prepayment of Debt | 9.00 |
| 2 | Augmenting funds for capital expenditure requirements | 5.83 |
| 3 | Augmenting additional working capital requirements | 6.48 |
| 4 | General Corporate Purposes | 4.28 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 10.63% |
| ROCE | 7.27% |
| Debt/Equity | 0.41 |
| RoNW | 10.63% |
| PAT Margin | 12.78% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 30% | 22.1% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses. | 2.20 |
| 2 | Advertising and marketing expenses | 0.50 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.05 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.25 |
Lead Manager Reports
FFS Defence Engineering IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600.
The FFS Defence Engineering IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in FFS Defence Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in FFS Defence Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in FFS Defence Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The FFS Defence Engineering IPO dates are not announced. Please check back again after some time.
FFS Defence Engineering IPO lot size is 1600, and the minimum amount required for application is ₹1,28,000.
You can apply in FFS Defence Engineering IPO 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 FFS Defence Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the FFS Defence Engineering IPO allotment status.
The FFS Defence Engineering IPO listing date is not yet announced. The tentative date of listing is .
