CFF Fluid Control LTD IPO

CFF Fluid Control Ltd IPO Review, Date, Price, GMP, Allotment

CFF Fluid Control Ltd is an Indian company established to provide advanced technology and engineering solutions for the defense industry, particularly for the Indian Navy. Since its inception, CFF has collaborated with Coyard SAS France under a Transfer of Technology (TOT) agreement to introduce cutting-edge fluid control and mechanical equipment for the construction of submarines for the Indian Navy.

Through a framework agreement with their collaborators, designers of the submarine, and various partners worldwide, CFF offers a wide range of technological solutions, including mechanical, electronic, power, and communication systems. These solutions are produced locally under the “Make in India” initiative, encompassing in-house design, manufacturing, overhaul, repair, and lifecycle support. CFF has been at the forefront of indigenizing submarine equipment and has also designed and constructed equipment for some of the stealthiest ships built in India.

CFF’s core activities include:

  1. Design and Manufacturing: The company has in-house design teams equipped with the latest software and a deep understanding of stringent defense technical standards. They possess extensive precision manufacturing and fabrication capabilities, producing mission-critical stealth and propulsion equipment, as well as highly precise finished components.
  2. In-House Facilities: CFF boasts state-of-the-art precision manufacturing facilities and expertise in working with exotic materials like titanium, Inconel, and new-age composites.
  3. Testing and Qualification: The company maintains extensive testing facilities for pneumatic, hydraulic, electrical, and electronic systems. These facilities are duly calibrated and certified by external agencies.
  4. Systems and Processes: CFF prioritizes quality and delivery through a highly trained and certified workforce and well-documented procedures.

CFF primarily serves the defense and energy sectors in India. They contribute to keeping ships and submarines combat-ready, facilitate the storage and transportation of spent fuel, and optimize clean energy solutions. CFF Fluid Control Limited was incorporated in 2012, and its promoters and group companies have extensive experience in defense manufacturing spanning over two decades.

The company was established to cater specifically to the growing requirements of the Indian Navy, Mazagaon Dockyard, and Shipbuilders Limited (MDL). Their focus is on manufacturing and supplying mechanical equipment for the “Scorpene” Submarine Program in India. CFF’s facilities are located in Khopoli, covering an area of 6,000 square meters. The facility is equipped with state-of-the-art machinery and testing facilities. CFF’s services encompass the design, manufacturing, and servicing of 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 of the Indian Navy and its original equipment manufacturers (OEMs).

The facility holds approvals from the Indian Navy, MDL, and Naval Group (France), and it is ISO 9001:2015 certified for quality management systems.

CFF Fluid Control Ltd IPO Complete Details:

IPO Date30 May 2023 to 02 June 2023
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Face Value10 Rs. Per Share
Lot Size800
Issue Size5,200,000 shares (Rs. 85.80 Cr)
Fresh Issue5,200,000 shares (Rs. 85.80 Cr)
Listing Date12 June 2023

CFF Fluid Control Ltd IPO Timetable:

Opening Date30 May 2023
Closing Date02 June 2023
Allotment07 June 2023
Initiation of Refunds08 June 2023
Credit of Shares to Demat Account09 June 2023
Listing Date12 June 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxReserves and Surplus
31 March 20204,460.423,196.48134.62609.37
31 March 20214,233.991,481.2724.64634.01
31 March 20225,595.704,712.39779.951,413.96
30 September 20227,020.123,907.54639.63697.55
Amount In Lakhs

AS OF NOW, the GMP OF CFF Fluid Control Ltd is Around 1 Rs.

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