Cff Fluid Control Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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CFF Fluid

CMP

537.00

+9.20 (1.74%)

₹165

Offer Price

₹ 85.80 Cr

Issue Size

₹ 1,32,000

Min Investment

800

Lot size

Time Line

  • 30
    May 2023
    Open
  • 02
    Jun 2023
    Close
  • 07
    Jun 2023
    Finalisation of Basis of Allotment
  • 08
    Jun 2023
    Initiation of Refunds
  • 09
    Jun 2023
    Transfer of Shares to Demat Account
  • 12
    Jun 2023
    Listing Date

Risks

  • The Company, Group Companies, Promoters and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • The company require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licenses or comply with such rules and regulations, and the failure to obtain or retain them in a timely manner or at all may adversely affect its operations.

  • The company derives majority of its revenue from contracts with Indian Navy and associated Defence sectors. Loss of order book, contracts, and change in their requirement or fall in budget will have material adverse effect on its business, financial condition and result of operation.

  • The company has not entered into any agreement with the suppliers of equipments as specified in the objects of the Issue. Further the amount allocated for purchases of equipments are based on management`s estimates.

  • The company business of manufacturing and supply of components, equipments and services required by Indian Navy is significantly dependent on the technology, process and product development of such components.

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2022 3-Yr trend
Revenue 46.99 (223.60%) 70.67 (50.40%) 52.51 (-)
Gross Profit 46.99 (223.60%) 70.67 (50.40%) 52.51 (-)
Net Income 46.99 (223.60%) 70.67 (50.40%) 52.51 (-)
Assets 46.99 (223.60%) 70.67 (50.40%) 52.51 (-)
Liabilities 46.99 (223.60%) 70.67 (50.40%) 52.51 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
CFF Fluid Control Ltd 46.99 7.80 31.53 16.68 52.51 0.00 208.12 1.96 0.53
Data Patterns (India) Ltd 310.85 93.97 706.67 706.67 16.35 19.48 110.70 13.29 0.01
MTAR Technologies Ltd 322.01 60.87 727.75 727.75 11.71 19.79 168.97 8.36 0.18
Paras Defence and Space Technologies Ltd 182.56 27.04 457.68 457.68 8.04 7.78 86.33 5.90 0.09
Bharat Electronics Ltd 15,368.18 2,398.87 33,910.58 33,910.58 19.52 9.85 50.49 7.07 0.00

Book Running Managers

  • Aryaman Financial Services Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

Plot No 01 Survey No 96,
KumbhivliMadap KhopoliKhalapur,
Raigarh. - 410203
Phone : 91-22-40021599 Email : compliance@cffdefensys.com www.cffdefensys.com

Offer Related Information

Initial public offer of upto 52,00,000 equity shares of Rs. 10 each ("Equity Shares") of CFF Fluid Control Limited ("CFF" or the "Company") for cash at a price of Rs. 165 per share (the "Issue Price"), aggregating to Rs. 85.80 crores ("The Issue"), of which upto 2,60,800 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of upto 49,39,200 equity shares of... More

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