Equity shares in CFF Fluid Control Limited will be issued via a fixed price issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for CFF Fluid Control Limited is set for the week of May 30 – June 02, 2023. With a face value of Rs. 10, each of the 5,200,000 shares up for sale in the IPO may bring in as much as 85.80 Cr. for the company. Let’s learn more about their initial public offering scheduled for May of 2023.
About CFF Fluid Control Limited
CFF Fluid Control Limited began operations in 2012 with the primary goal of producing and maintaining machinery for use aboard ships. They provide the Indian Navy with essential submersible and surface ship components and testing facilities. Mechanical equipment and systems, including those used in the Nuclear and Clean Energy sectors, are also designed, manufactured, and serviced by the company. The promoters and group firms of the Company have been working in the military manufacturing industry for over 20 years.
CFF Fluid Control was formed so that the expanding needs of the Indian Navy, Mazagaon Dockyard, and Shipbuilders Limited (MDL) could be met by a single company. The goal here was to get started making and supplying mechanical parts for the Indian “Scorpene” submarine project. Khopoli is home to the company’s offices and production centers. The building is 6,000 square meters in size and is equipped with cutting-edge tools and testing infrastructure. The facility is used for R&D, production, and maintenance by the corporation.
The Indian Navy and its original equipment manufacturers rely on CFF Fluid Control Limited to maintain and repair their submarines and surface ships’ weapons and control systems, steering gear, propulsion systems, high-pressure air systems, hydraulics systems, breathing and diving air systems, and integrated platform management systems.
CFF Fluid Control Limited IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 30th May 2023 |
| Issue Closes | 02nd June 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 165 Per Share |
| Issue Size | 5,200,000 Shares (Rs 85.80 crores) |
| Minimum Order Quantity | 800 Shares |
| Listing | BSE, SME |
Purpose of the Issue
To finance these initiatives, the Company plans to use the Net Proceeds from Issue:
- Funding Need for Working Capital
- Loan Repayment
- Acquiring new tools and equipment
- Invest in the ” Towed Wire Antenna (TWA)” Technology.
- General Business Use
CFF Fluid Control Limited — Company Contact Details
- Registered & Corporate Office: Plot No 01, Survey No 96, Kumbhivli Madap Khopoli, Khalapur, Raigarh-410203
- Telephone:+91-2246086806
- Website: http://www.cffdefensys.com/
CFF Fluid Control Limited IPO – Lead Managers of the Issue
Aryaman Financial Services Limited
- Office Address: 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
- Telephone: 91 – 22 – 6216 6999
- Email: info@afsl.co.in
CFF Fluid Control Limited IPO – Registrar of the Issue
Cameo Corporate Services Limited
- Telephone: +91-44-28460390
- Email: priya@cameoindia.com
- Website: https://cameoindia.com/
CFF Fluid Control Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Interestingly just provides basic information as an update about the issues. Interestingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
