| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹85.80 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹85.80 Cr |
| Fresh Issue | ₹81.50 Cr |
| Face Value | โน10 Per Equity Share |
| Issue Price | โน165.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543920 |
| Registrar | Cameo Corporate Services Ltd. |
| Lead Managers | Aryaman Financial Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 800 shares and in multiples thereof
Incorporated in 2012, CFF Fluid Control Limited is primarily engaged in the business of manufacturing and servicing of shipboard machinery. They manufacture critical component systems and test facilities for submarines and surface ships for The Indian Navy.
The entity also designs, manufacture, and service Mechanical equipment and systems for industries like Nuclear and Clean Energy.
The Company's promoters and group companies have been in the defense manufacturing space for more than 20 years.
CFF Fluid Control was incorporated with the purpose of having a dedicated new entity focused on meeting the growing requirements of the Indian Navy, Mazagaon Dockyard, and Shipbuilders Limited (MDL). This was to undertake the manufacturing and supplying of mechanical equipment for the "Scorpene" Submarine Program of India.
The company's facilities are situated at Khopoli. The facility is spread over 6,000 sq. mtrs. and has all the relevant state-of-the-art machinery and testing facilities. At the facility, the company design, manufacture, and service.
Servicing includes fluid control systems, distributor and air panels Weapons and Control Systems, Steering gear, Propulsion Systems, High-Pressure Air Systems, Hydraulics Systems, Breathing and Diving Air Systems, and Integrated Platform Management Systems for submarines and surface ships for the Indian Navy and its OEMs.
The facility is Indian Navy, MDL & Naval Group (France) approved and has ISO 9001:2015 certification for quality management systems.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Funding Working capital requirements | 29.42 |
| 2 | Repayment of Loans | 21.00 |
| 3 | Purchase of machinery and equipment | 8.86 |
| 4 | Acquire Technology of โ Towed Wire Antenna (TWA) | 8.50 |
| 5 | General Corporate Purpose | 16.71 |
| Period Ended | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 71.66 | 55.94 | 42.32 | 43.10 |
| Total Income | 50.85 | 47.12 | 14.81 | 31.96 |
| Profit After Tax | 7.18 | 7.80 | 0.25 | 1.33 |
| NET Worth | 22.01 | 14.83 | 7.04 | 6.79 |
| Reserves and Surplus | 7.74 | 14.12 | 6.32 | 6.08 |
| Total Borrowing | 26.93 | 16.59 | 22.61 | 14.33 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2022 |
|---|---|
| ROE | 52% |
| ROCE | 36.81% |
| Debt / Equity | 1.22% |
| RoNW | 52.56% |
| PAT Margin | 16.54% |
| EBITDA Margin | 26.81% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 5.46 | |
| P/E (x) | 30.22 | |
| Promoter Holding | 99.99% | 73.30% |
| Market Cap | โน321.32 Cr. | |