CFF Fluid Control FPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 09 to Jul 11 2025
Price Band
₹585
Current GMP
₹621(6.15%)
Subscription
8.45 times
IPO Details
| IPO Date | July 9, 2025 to July 11, 2025 |
| Listing Date | July 16, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹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 (aggregating up to ₹4.56 Cr)Aryaman Capital Markets Limited |
| 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 |
IPO Date
July 9, 2025 to July 11, 2025
Listing Date
July 16, 2025
Face Value
₹10 per share
Issue Price
₹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 (aggregating up to ₹4.56 Cr)Aryaman Capital Markets Limited
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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Non-Institutional Buyers*** | 10.06 |
| Individual Investors (IND category bidding for 2 Lots) | 6.34 |
| Total ** | 8.45 |
Anchor Investors
1
Market Maker
1
Non-Institutional Buyers***
10.06
Individual Investors (IND category bidding for 2 Lots)
6.34
Total **
8.45
Day Wise Sub
| Day | NII* | Individual Investors | Total |
|---|---|---|---|
| Day 1 Jul 9, 2025 | 2.16 | 0.18 | 1.17 |
| Day 2 Jul 10, 2025 | 2.63 | 0.73 | 1.68 |
| Day 3 Jul 11, 2025 | 10.06 | 6.34 | 8.45 |
DayDay 1
Jul 9, 2025
NII*2.16
Individual Investors0.18
Total1.17
DayDay 2
Jul 10, 2025
NII*2.63
Individual Investors0.73
Total1.68
DayDay 3
Jul 11, 2025
NII*10.06
Individual Investors6.34
Total8.45
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 16-07-2025 | 585.00 | 25(4.27%) | 610 |
| 15-07-2025 | 585.00 | 27(4.62%) | 612 |
| 14-07-2025 | 585.00 | 19(3.25%) | 604 |
| 13-07-2025 | 585.00 | 16(2.74%) | 601 |
| 12-07-2025 | 585.00 | 16(2.74%) | 601 |
| 11-07-2025 | 585.00 | 13(2.22%) | 598 |
| 10-07-2025 | 585.00 | 0(0.00%) | 585 |
| 09-07-2025 | 585.00 | 0(0.00%) | 585 |
| 08-07-2025 | 585.00 | 0(0.00%) | 585 |
| 07-07-2025 | 585.00 | 0(0.00%) | 585 |
| 06-07-2025 | 585.00 | 0(0.00%) | 585 |
| 05-07-2025 | 585.00 | 0(0.00%) | 585 |
| 04-07-2025 | 585.00 | 0(0.00%) | 585 |
| 03-07-2025 | 585.00 | 0(0.00%) | 585 |
Date16-07-2025
Price585.00
GMP25(4.27%)
Estimate List Price610
Date15-07-2025
Price585.00
GMP27(4.62%)
Estimate List Price612
Date14-07-2025
Price585.00
GMP19(3.25%)
Estimate List Price604
Date13-07-2025
Price585.00
GMP16(2.74%)
Estimate List Price601
Date12-07-2025
Price585.00
GMP16(2.74%)
Estimate List Price601
Date11-07-2025
Price585.00
GMP13(2.22%)
Estimate List Price598
Date10-07-2025
Price585.00
GMP0(0.00%)
Estimate List Price585
Date09-07-2025
Price585.00
GMP0(0.00%)
Estimate List Price585
Date08-07-2025
Price585.00
GMP0(0.00%)
Estimate List Price585
Date07-07-2025
Price585.00
GMP0(0.00%)
Estimate List Price585
Date06-07-2025
Price585.00
GMP0(0.00%)
Estimate List Price585
Date05-07-2025
Price585.00
GMP0(0.00%)
Estimate List Price585
Date04-07-2025
Price585.00
GMP0(0.00%)
Estimate List Price585
Date03-07-2025
Price585.00
GMP0(0.00%)
Estimate List Price585
IPO Important Dates
| 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 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 July 11, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 400 | ₹2,34,000 |
| Individual investors (Retail) (Max) | 2 | 400 | ₹2,34,000 |
| S-HNI (Min) | 3 | 600 | ₹3,51,000 |
| S-HNI (Max) | 8 | 1,600 | ₹9,36,000 |
| B-HNI (Min) | 9 | 1,800 | ₹10,53,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares400
Amount₹2,34,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares400
Amount₹2,34,000
ApplicationS-HNI (Min)
Lots3
Shares600
Amount₹3,51,000
ApplicationS-HNI (Max)
Lots8
Shares1,600
Amount₹9,36,000
ApplicationB-HNI (Min)
Lots9
Shares1,800
Amount₹10,53,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 199.03 | 161.16 | 88.68 |
| Revenue | 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025199.03
31 Mar 2024161.16
31 Mar 202388.68
Period EndedRevenue
31 Mar 2025146.10
31 Mar 2024106.98
31 Mar 202371.10
Period EndedProfit After Tax
31 Mar 202523.85
31 Mar 202417.09
31 Mar 202310.14
Period EndedEBITDA
31 Mar 202541.31
31 Mar 202430.85
31 Mar 202318.83
Period EndedNet Worth
31 Mar 2025147.84
31 Mar 2024125.94
31 Mar 202324.99
Period EndedReserves and Surplus
31 Mar 2025128.37
31 Mar 2024106.46
31 Mar 202310.72
Period EndedTotal Borrowing
31 Mar 202521.11
31 Mar 202423.48
31 Mar 202345.90
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| CFF Fluid Control | 12.25 | 12.25 | 75.92 | 47.76 | 16.13 | 7.80 |
| Data Patterns (India) | 39.62 | 39.62 | 269.40 | 73.17 | 14.71 | 10.78 |
| MTAR Technologies | 17.19 | 17.19 | 236.97 | 92.33 | 7.26 | 6.72 |
| Bharat Electronics | 7.28 | 7.28 | 27.32 | 59.38 | 26.65 | 16.00 |
| Paras Defence and Space Technologies | 16.02 | 16.02 | 164.09 | 101.59 | 9.61 | 9.92 |
Company NameCFF Fluid Control
EPS (Basic)12.25
EPS (Diluted)12.25
NAV (per share) (Rs)75.92
P/E (x)47.76
RoNW (%)16.13
P/BV Ratio7.80
Company NameData Patterns (India)
EPS (Basic)39.62
EPS (Diluted)39.62
NAV (per share) (Rs)269.40
P/E (x)73.17
RoNW (%)14.71
P/BV Ratio10.78
Company NameMTAR Technologies
EPS (Basic)17.19
EPS (Diluted)17.19
NAV (per share) (Rs)236.97
P/E (x)92.33
RoNW (%)7.26
P/BV Ratio6.72
Company NameBharat Electronics
EPS (Basic)7.28
EPS (Diluted)7.28
NAV (per share) (Rs)27.32
P/E (x)59.38
RoNW (%)26.65
P/BV Ratio16.00
Company NameParas Defence and Space Technologies
EPS (Basic)16.02
EPS (Diluted)16.02
NAV (per share) (Rs)164.09
P/E (x)101.59
RoNW (%)9.61
P/BV Ratio9.92
IPO Reservation
| Market Maker Shares Offered | 78,000 (5.20%) |
| NII (HNI) Shares Offered | 7,11,000 (47.40%) |
| Retail Shares Offered | 7,11,000 (47.40%) |
| Total Shares Offered | 15,00,001 (100.00%) |
Market Maker Shares Offered
78,000 (5.20%)
NII (HNI) Shares Offered
7,11,000 (47.40%)
Retail Shares Offered
7,11,000 (47.40%)
Total Shares Offered
15,00,001 (100.00%)
Information about company
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
Robust order book value: Rs Rs. 51,396.87 lakhs as of May 31, 2025
High entry barrier in the defence manufacturing industry
Strategic partnership with foreign manufacturers i.e., M/s Nereides, M/s Atlas Elektronik GmbH
Experienced promoters and managers
Objectives of IPO
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
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