CFF Fluid Control Limited FPO is a fixed price issue of ₹87.75 crores, consisting entirely of a fresh issue of 15 lakh equity shares. This FPO aims to raise capital to meet the company’s future growth and expansion plans.
The CFF Fluid Control FPO opens for public subscription on July 9, 2025, and will close on July 11, 2025. The basis of allotment is expected to be finalized on Monday, July 14, 2025, and the shares are likely to be listed on the BSE SME platform on Wednesday, July 16, 2025.
The FPO price is set at ₹585 per share, with a market lot size of 200 shares. For retail investors, the minimum application requires 1 lot (200 shares). However, due to listing on the SME platform, some platforms may only accept HNI applications, requiring a minimum of 3 lots (600 shares), which amounts to an investment of ₹3,51,000.
Refer to CFF Fluid Control FPO DRHP for detailed information.
CFF Fluid Control FPO Details
| General | Detail |
|---|---|
| IPO Date | July 9, 2025 to July 11, 2025 |
| Listing Date | [.] |
| 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) |
| 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 |
CFF Fluid Control FPO Promoter Holding
| Share Holding Pre Issue | 73.31% |
| Share Holding Post Issue | 68.06% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
CFF Fluid Control FPO Lot Size
Investors can bid for a minimum of 400 shares and in multiples of 200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
CFF Fluid Control FPO Timeline
| FPO Timeline | 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 |
CFF Fluid Control FPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 7,11,000 (47.40%) |
| Total Shares Offered | 15,00,000 (100.00%) |
Category Reservation Detail Table
| Application Category | Bidding Limits |
|---|---|
| Only Individual investor (retail) | 2 lots |
| Only sNII | 3 lots – 8 lots |
| Only bNII | 9 lots and above |
About CFF FLuid Control FPO
CFF Fluid Control is a specialized engineering and manufacturing company that operates in the strategic defense and naval systems space. Established in 2012, CFF Fluid Control has become a trusted name in supplying high-performance, precision-engineered equipment to India’s defense sector. The company primarily serves Indian naval shipyards and plays an active role in supporting the government’s Make in India defense initiative.
CFF Fluid Control operates from its advanced production facility in Khopoli, Maharashtra, covering over 6,000 square meters, and is currently expanding its capacity with a second facility under development in Chakan, Pune. The company is known for its strong R&D, in-house prototyping, and custom design capabilities, which enable it to deliver solutions tailored to defense applications like submarines and warships.
As part of its technological advancement, CFF Fluid Control has partnered with Germany-based Atlas Elektronik GmbH to co-develop Low Frequency Variable Depth Sonar (LFVDS) systems—crucial components for anti-submarine warfare. This collaboration highlights CFF Fluid Control’s intent to stay competitive through global partnerships and next-gen innovation.
CFF Fluid Control Products
- High-Pressure Air Systems (HPAS)
- Low-Pressure Air Systems (LPAS)
- Hydraulic Control Systems
- Ballast & Blow Systems
- Submarine Valves & Fittings
- Hull Valves (HP & LP)
- Control Panels & Electro-Mechanical Units
- Air Bottle Assemblies
- Pneumatic Distribution Manifolds
CFF Fluid Control Strengths
- Focused on Naval Defense: CFF Fluid Control caters specifically to India’s undersea warfare and shipbuilding programs.
- Strong Government Relationships: Works closely with major defense PSUs like MDL, GRSE, and BEL.
- Integrated Manufacturing: CFF Fluid Control manages R&D, prototyping, assembly, and testing in-house.
- High Order Book Value: Holds confirmed orders worth ₹513.97 crores as of May 2025.
- Infrastructure Growth: Expanding operations with a second plant at Chakan for scaling up.
- International Technology Tie-ups: CFF Fluid Control collaborates globally to enhance sonar system capabilities.
Company Financials
CFF FLuid Control FPO Financial Information
| Category | Year 2025 | Year 2024 | Year 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 |
| Amount in ₹ Crore | |||
CFF FLuid Control FPO Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 17.42% |
| ROCE | 21.84% |
| RoNW | 16.13% |
| PAT Margin | 16.39% |
| EBITDA Margin | 28.38% |
CFF FLuid Control FPO Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding Working capital requirements | 72.60 |
| 2 | General Corporate Purpose | 8.34 |
CFF FLuid Control FPO Pros & Cons
Pros
- Niche defense sector focus
- Strong government clients (MDL, GRSE, BEL)
- ₹513.97 Cr order book
- In-house R&D and production
- New plant expansion (Chakan)
- JV with Atlas Elektronik (Germany)
- Consistent financial growth
- Aligned with Make in India
Cons
- Limited client base
- SME platform listing (low liquidity)
- High entry investment (₹3.51 lakh)
- Long project & payment cycles
- Policy & budget dependency
- Expansion execution risks
CFF FLuid Control Limited Contact Details
- CFF FLuid Control Limited
Plot No 01, Survey No 96
Kumbhivli Madap Khopoli,
Khalapur, Raigarh
Khalapur, Maharashtra, 410203 - Phone: +91-2246086806
- Email: compliance@cffdefensys.com
- Website: http://www.cffdefensys.com/
CFF Fluid Control FPO Registrar
- Cameo Corporate Services Limited
- Phone: +91-44-28460390
- Email: priya@cameoindia.com
- Website: https://ipo.cameoindia.com/
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