CFF Fluid Control FPO open date is July 9, 2025 and the FPO will close on July 11, 2025.
The company reported revenue of ₹146.10 crores and profit of ₹23.85 crores in 2025.
CFF Fluid Control Limited was incorporated on February 16, 2012 as Flash Forge Fluid Control Private Limited. It was renamed to CFF Fluid Control Private Limited in 2012 and later converted to a public company as CFF Fluid Control Limited in September 2022.
Key Milestones:
- 2015: Secured orders from Naval Group, began services for Scorpene submarines.
- 2018–2022: Revenue milestones achieved: ₹20 Cr, ₹35 Cr, ₹45 Cr.
- 2022: Converted to public limited company, strengthened foreign collaborations.
CFF Fluid Control FPO Details
| FPO Open Date: | July 9, 2025 |
| FPO Close Date: | July 11, 2025 |
| Face Value: | ₹10 Per Equity Share |
| FPO Price Band: | ₹585 Per Share |
| Issue Size: | Approx ₹87.75 Crores |
| Fresh Issue: | Approx ₹87.75 Crores |
| Issue Type: | Fixed Price Issue |
| FPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
CFF Fluid Control FPO Market Lot
The CFF Fluid Control FPO minimum market lot is 200 shares with ₹1,17,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 200 | ₹1,17,000 |
| Retail Maximum | 1 | 200 | ₹1,17,000 |
| S-HNI Minimum | 2 | 400 | ₹2,34,000 |
CFF Fluid Control FPO Dates
The CFF Fluid Control FPO date is July 9 and the close date is July 11.
| FPO Open Date: | July 9, 2025 |
| FPO Close Date: | July 11, 2025 |
| Basis of Allotment: | July 14, 2025 |
| Refunds: | July 15, 2025 |
| Credit to Demat Account: | July 15, 2025 |
| FPO Listing Date: | July 16, 2025 |
CFF Fluid Control FPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ₹71.10 | ₹56.70 | ₹10.14 | ₹88.68 |
| 2024 | ₹106.98 | ₹82.97 | ₹17.09 | ₹161.16 |
| 2025 | ₹146.10 | ₹113.16 | ₹23.85 | ₹199.03 |
CFF Fluid Control FPO Valuation – FY2025
Check CFF Fluid Control FPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 17.42% |
| ROCE: | 21.84% |
| EBITDA Margin: | 28.38% |
| PAT Margin: | 16.39% |
| Debt to equity ratio: | 0.45 |
| Earning Per Share (EPS): | ₹12.25 (Basic) |
| Price/Earning P/E Ratio: | 47.76 |
| Return on Net Worth (RoNW): | 16.13% |
| Net Asset Value (NAV): | ₹75.92 |
Business Overview
CFF Fluid Control is a defence-focused engineering company catering mainly to the Indian Navy and Defence PSU Shipyards from its Khopoli and Pune units.
Core Activities:
- Manufacturing of critical shipboard machinery, submarine components, and test facilities.
- Product lines include:
- Fluid Systems, Antenna & Navigation Systems, and Weapon Systems
- Sonar systems, Infrared Suppression systems, and High-pressure Air Systems
Facilities:
- Khopoli (Raigad, Maharashtra) – Main facility
- Pune (Chakan Industrial Area) – Additional production unit
Clients & Reach:
- Supplies to Indian Defence PSUs like MDL, HSL, and Naval Dockyards.
- Recognized as an Authorized Equipment Manufacturer for Scorpene submarines.
Industry & Market Overview
The company operates in India’s naval defence sector, benefiting from government indigenization; competes with listed peers like MTAR and BEL in a high-barrier market.
CFF operates in the naval defence manufacturing sector, which has high entry barriers due to:
- Complex vendor qualification
- Stringent certification and long procurement cycles
- Critical application in submarines and naval ships
Trends & Competitive Landscape:
- Strong push by the Indian government under “Make in India” for indigenization
- Collaboration with foreign OEMs critical for tech transfer
- Main competitors include MTAR Technologies, Data Patterns, Bharat Electronics.
Peer Group Comparison
Company shows strong margins (28.87%) and ROE (22.64%) vs peers like MTAR, Data Patterns; pricing fairness depends on final FPO price disclosure.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Data Patterns (India) Limited | 39.62 | 73.17 | 14.71% | 269.40 | 708.35 Cr. |
| MTAR Technologies Limited | 17.19 | 92.33 | 7.26% | 236.97 | 676.00 Cr. |
| Bharat Electronics Limited | 7.28 | 59.38 | 26.65% | 27.32 | 23,768.75 Cr. |
| Paras Defence and Space Technologies Limited | 16.02 | 101.59 | 9.61% | 164.09 | 364.66 Cr. |
Objects of the Issue
The company aims to raise ₹1500 lakhs via FPO, with ₹7,260 lakhs to fund working capital needs and the balance for general corporate purposes.
- Funding Working capital requirements
- General Corporate Purpose
CFF Fluid Control FPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
FPO Lead Managers aka Merchant Bankers
- Aryaman Financial Services Limited
Company Address
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 FAQs
What does CFF Fluid Control Ltd do?
It manufactures and services naval ship/submarine systems for Indian defence.
Why is the CFF Fluid Control raising funds via FPO?
To fund working capital needs and for general corporate purposes.
When CFF Fluid Control FPO will open for subscription?
The FPO is to open on July 9, 2025 for QIB, NII, and Retail Investors. The FPO will close on July 11, 2025.
What is CFF Fluid Control FPO Investors Portion?
The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.
What is CFF Fluid Control FPO Issue Size?
CFF Fluid Control FPO issue size is ₹87.75 crores.
What is CFF Fluid Control FPO Price Band?
CFF Fluid Control FPO Price Band is ₹585.
What is CFF Fluid Control FPO Lot Size?
The minimum bid is 200 Shares with ₹1,17,000 amount.
What is the CFF Fluid Control FPO Allotment Date?
CFF Fluid Control FPO allotment date is July 14, 2025.
What is the CFF Fluid Control FPO Listing Date?
CFF Fluid Control FPO listing date is July 16, 2025. The FPO is to list on BSE.
CFF Fluid Control Promoter & Management Profile
Promoters Sunil Menon and Gautam Makker hold 59% pre-FPO stake; no regulatory or legal issues reported, with experienced leadership team.
CFF Fluid Control Key Risk Factors
Risks include high reliance on defence PSUs, working capital intensiveness, and technology dependence on foreign vendors, along with procurement delays.
CFF Fluid Control Cash Flow Summary
Operating cash flows remained positive across FY22–24, while investing outflows reflect capex expansion; no profit-cash mismatch identified.