The CFF Fluid Control FPO opens for subscription from July 9 to July 11, 2025, aiming to raise ₹87.75 crore through a fresh issue of 15 lakh equity shares at a fixed price of ₹585 per share. CFF Fluid Control is a leading SME in India’s defense manufacturing sector, specializing in submarine machinery, critical components, and test systems for Indian Defence PSU Shipyards, notably supporting the “Scorpene” Submarine program. With a strong CAGR in revenue and profit over recent years, the CFF Fluid Control FPO offers investors exposure to India’s growing defense and naval equipment market, supported by indigenous manufacturing capabilities and expansion plans.
₹25
₹585
₹621.00
Expert Opinions
The CFF Fluid Control FPO is generating positive market sentiment, supported by the company’s strong order book of over ₹500 crore and its critical role in India’s defense manufacturing ecosystem. Key strengths include advanced manufacturing facilities, strategic collaborations—such as with Germany’s Atlas Elektronik for sonar production—and a track record of supplying essential systems for the Indian Navy’s “Scorpene” submarine program.
For FY 2025, the CFF Fluid Control FPO demonstrates solid financials: Return on Equity (ROE) of 17.42%, ROCE of 21.84%, and Net Asset Value (NAV) of ₹75.92. Risks include high client concentration in Indian Defence PSU shipyards, project execution challenges, and exposure to government procurement cycles. From a long-term perspective, CFF’s proven growth, robust margins, and expanding manufacturing capacity make it attractive for investors seeking exposure to India’s indigenous defense sector, provided they remain mindful of sector-specific risks and order book execution.
Investor Considerations
Investors considering the CFF Fluid Control FPO should note the company’s robust performance, with FY 2025 revenue rising 37% to ₹146.10 crore and PAT up 40% to ₹23.85 crore, reflecting efficient management and expanding market share. The defense manufacturing sector outlook remains positive, supported by government initiatives for indigenization and rising capital expenditure. For FY 2025, the CFF Fluid Control FPO is valued at a Price to Book Value of 7.71, PAT margin of 16.39%, and a prudent Debt/Equity ratio of 0.45, indicating strong profitability and manageable leverage.
Growth prospects are anchored by a ₹500 crore order book, new facility expansion, and strategic alliances. However, risks include high client concentration in defense PSU shipyards, project execution challenges, and reliance on government procurement cycles. While short-term gains may occur, the FPO is best suited for long-term investors seeking exposure to India’s growing defense sector.
| Date | GMP | Trend |
|---|---|---|
| 15 Jul 2025 19.52 | ₹25 | Up |
| 14 Jul 2025 11.06 | ₹15 | --- |
| 13 Jul 2025 15.25 | ₹15 | --- |
| 12 Jul 2025 16.02 | ₹15 | Up |
| 11 Jul 2025 10.14 | ₹00 | --- |
| 10 Jul 2025 10.30 | ₹00 | --- |
| 09 Jul 2025 10.51 | ₹00 | --- |
| 08 Jul 2025 12.02 | ₹00 | --- |
| 07 Jul 2025 19.36 | ₹00 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting CFF Fluid Control FPO’s listing performance. With a final GMP of ₹25, it projected a premium of 4.27% over the issue price of ₹585. The stock listed at ₹621, delivering a 6.15% gain. This translates to a small prediction error of 1.88%, indicating that the GMP accurately captured the positive listing direction and came close to the actual gain, demonstrating decent reliability in this case.
CFF Fluid Control IPO Current GMP is ₹25.
CFF Fluid Control IPO Expected Returns is 4.27%.
CFF Fluid Control IPO estimated listing price is ₹610.