CFF Fluid Control Limited IPO Detail
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.
Company Promoters
Sunil Menon and Gautam MakkarIPO Details
IPO Opening Date | May 30, 2023 |
IPO Closing Date | Jun 02, 2023 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹165 per equity share |
Market Lot | 800 Shares |
Min Order Quantity | 800 Shares |
Listing At | BSE SME |
Issue Size | ₹85.80 Cr |
Fresh Issue | ₹85.80 Cr |
Offer for Sale | - |
Retail Portion | 50% |
IPO Tentative Timetable
The CFF Fluid Control Limited IPO open date is May 30, 2023, and the close date is Jun 02, 2023. The issue may list on Jun 12, 2023.
IPO Open Date | May 30, 2023 |
IPO Close Date | Jun 02, 2023 |
Basis of Allotment Date | Jun 07, 2023 |
Initiation of Refunds | Jun 08, 2023 |
Credit of Shares to Demat Account | Jun 09, 2023 |
IPO Listing Date | Jun 12, 2023 |
IPO Lot Size
The CFF Fluid Control Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹132000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 800 | ₹132000 |
Maximum | 1 | 800 | ₹132000 |
IPO Promoter Holding
Pre Issue Share Holding | 99.99% |
Post Issue Share Holding | 73.30% |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-20 | 4,460.42 | 3,196.48 | 134.62 |
31-Mar-21 | 4,233.99 | 1,481.27 | 24.64 |
31-Mar-22 | 5,595.70 | 4,712.39 | 779.95 |
30-Sep-22 | 7,020.12 | 3,907.54 | 639.63 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects:
- Funding Working capital requirements
- Repayment of Loans
- Purchase of machinery and equipment
- Acquire Technology of " Towed Wire Antenna (TWA)"
- General Corporate Purpose
CFF Fluid Control Limited IPO Registrar:
Cameo Corporate Services Limited
CFF Fluid Control Limited IPO Lead Manager(s):
Aryaman Financial Services Limited
Company Contact Information:
CFF Fluid Control Limited
Plot No 01, Survey No 96,
Kumbhivli Madap Khopoli,
Khalapur, Raigarh-410203