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CFF Fluid Control IPO
Price Band
₹
Issue Size
₹87.75 Cr
Lot Size
200 shares
Min Investment
₹234,000
2 LOTS MIN
GMP
+₹25.0 (4.27%)
Issue Price
₹585.0
Subject to Sauda
₹3800
Paid only if allotted
CFF Fluid Control IPO AI Summary
- CFF Fluid Control IPO is listed on BSE SME in the Aerospace & Defense sector.
- Subscription window: 09 Jul–11 Jul 2025, listing on 16 Jul 2025.
- Current GMP is +₹25.0 (4.27%) — unofficial and can change daily.
CFF Fluid Control Ltd is entering the IPO market with a strong order book and strategic partnerships in the defense sector. The company has shown consistent revenue and profit growth, making it a noteworthy consideration for investors interested in the aerospace and defense industry.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
CFF Fluid Control IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Jul 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
CFF Fluid Control IPO Grey Market Premium (GMP) Today
GMP
+₹25.0
GMP %
+4.27%
Est. Listing
₹610.0
Updated: 25 Jul 2026 14:14
About the Company
CFF Fluid Control Ltd manufactures and services Submarine machinery, critical component systems, and test facilities for the Indian Defence PSU Shipyard. Its product portfolio includes fluid control systems, distributors and air panels, weapons and control systems, steering gear, propulsion systems, high-pressure air systems, hydraulics systems, breathing and Diving air systems, etc. Its manufacturing facility is located at Khopoli, covering 6,000 square meters and featuring the latest machinery and testing facilities. It also has an additional manufacturing facility in the pipeline at Chakan Industrial Area, Pune, covering 1,950 square metres, for manufacturing critical and complex systems. The company has partnered with Atlas Elektronik GmbH to produce 12 low-frequency variable depth sonar systems for the Indian anti-submarine Warfare Shallow Water Craft program. Strengths Robust order book value: Rs Rs. 51,396.87 lakhs as of May 31, 2025 High entry barrier in the defence manufacturing industry Strategic partnership with foreign manufacturers i.e., M/s Nereides, M/s Atlas Elektronik GmbH Experienced promoters and managers
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 199.03 | 161.16 | 88.68 |
| Total Income | 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 |
Key Ratios
EPS
₹12.25
NAV
₹75.92
ROE
17.42%
ROCE
21.84%
RoNW
16.13%
P/B Value
7.71
P/E Ratio
47.77
Market Cap
₹1226.98 Cr
PAT Margin
16.39%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Paras Defence and Space Technologies | 164.09 | 9.61% | 101.59 | 16.02 | 16.02 |
| Bharat Electronics | 27.32 | 26.65% | 59.38 | 7.28 | 7.28 |
| MTAR Technologies | 236.97 | 7.26% | 92.33 | 17.19 | 17.19 |
| Data Patterns (India) | 269.4 | 14.71% | 73.17 | 39.62 | 39.62 |
| CFF Fluid Control This IPO | 75.92 | 16.13% | 47.76 | 12.25 | 12.25 |
Promoters
Sunil Menon and Gautam Makker
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company 72.60 2 General Corporate Purposes 8.33 3 Issue Expenses 6.82 Total 87.75
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹71.10 Cr in the year ending 31 Mar 2023, rising to ₹106.98 Cr by 31 Mar 2024, and further increasing to ₹146.10 Cr by 31 Mar 2025. This shows a consistent upward trend in total income over the periods reported.
Profit Trend
Profit After Tax was ₹10.14 Cr in the year ending 31 Mar 2023, increasing to ₹17.09 Cr by 31 Mar 2024, and further rising to ₹23.85 Cr by 31 Mar 2025. This indicates a positive growth trajectory in profitability across the reported periods.
Valuation
CFF Fluid Control is priced at a P/E ratio of approximately 47.76 at the issue price, compared to peers trading at P/E ratios ranging from 59.38 to 101.59.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists. A positive GMP suggests that the market anticipates a higher listing price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company’s growth potential and industry position. It’s important to consider the company’s fundamentals and market conditions.
Who May Want to Wait
Investors who are risk-averse or those with a short-term investment horizon may want to avoid IPOs in sectors like defense, which can be subject to regulatory changes and market fluctuations.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market sentiment, demand for the stock, and overall market conditions. Investors should be cautious and not rely solely on potential listing gains as a reason to invest.
This evaluation is generated from CFF Fluid Control's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is CFF Fluid Control IPO GMP today?
CFF Fluid Control IPO GMP today is +₹25.0 (4.27%). GMP is an unofficial grey-market indicator and can change daily.
When does CFF Fluid Control IPO open and close?
CFF Fluid Control IPO opens on 09 July 2025 and closes on 11 July 2025.
When does CFF Fluid Control IPO list on the stock exchange?
CFF Fluid Control IPO listed on 16 July 2025 at ₹610.0.
What is the lot size for CFF Fluid Control IPO?
The lot size for CFF Fluid Control IPO is 200 shares, requiring a minimum investment of ₹234,000 (2 lots).
What is the lot size for this IPO?
The lot size for the CFF Fluid Control IPO is 200 shares.
What is the minimum investment required?
The minimum investment required for this IPO is ₹234,000.
What is the issue price of the IPO?
The issue price of the CFF Fluid Control IPO is ₹585.0.
When does the IPO open and close?
The IPO opens on July 9, 2025, and closes on July 11, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the premium at which the shares are expected to trade in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Jul 2025
Close
11 Jul 2025
Allotment
14 Jul 2025
Listing
16 Jul 2025
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