CFF Fluid Control (Follow-on) IPO Upcoming
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Schedule of CFF Fluid Control (Follow-on)
| Issue open date | 09 Jul 2025 |
| Issue close date | 11 Jul 2025 |
| UPI mandate deadline | 11 Jul 2025 (5 PM) |
| Allotment finalization | 14 Jul 2025 |
| Refund initiation | 15 Jul 2025 |
| Share credit | 15 Jul 2025 |
| Listing date | 16 Jul 2025 |
| Mandate end date | 26 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 13 Aug 2025 |
| Lock-in end date for anchor investors (remaining) | 12 Oct 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About CFF Fluid Control (Follow-on)
CFF Fluid Control specializes in manufacturing submarine machinery and critical component systems for India’s defense sector. Listed on BSE SME Platform since June 2023, the company operates from a 6,000 sq. meter facility in Khopoli, exclusively serving the Indian Defence PSU Shipyard.
With over 20 years of combined experience in defense manufacturing, CFF delivers fluid control systems, weapons and control systems, propulsion systems, and integrated platform management systems. The company maintains a robust order book of Rs. 55,160.19 lakhs as of December 2024, with over 90% from Indian Defence PSU Shipyard orders.
CFF has partnered with Atlas Elektronik GmbH to produce low-frequency variable depth sonars for India’s Anti-Submarine Warfare program and is expanding with an additional facility in Pune for advanced sonar technologies.
Financials of CFF Fluid Control (Follow-on)
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹87.75 crores |
| Fresh Issue | ₹87.75 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 72.60 (82.74%) |
| General Corporate Purposes | 8.34 (9.50%) |
Strengths
- Robust order book and strong financial growth underpin long-term scalability and profitability.
- Strict quality norms and long approvals create high entry barriers.
- Authorized manufacturer status and key defence certifications ensure repeat orders and long-term visibility.
- Navy focus and global tie-ups strengthen tech edge and long-term orders.
- Experienced promoters and leadership drive growth with deep defence sector expertise.
Risks
- Geographic concentration of facilities exposes operations to regional disruptions.
- Failure to obtain or renew key approvals may disrupt operations and impact compliance.
- Heavy dependence on Indian Defence PSU contracts poses risks from order cuts or policy shifts.
- High revenue dependence on few customers risks sharp impact from client loss.
- Past negative cash flows raise concerns over funding and liquidity stability.
- Loss of key personnel or promoter focus may disrupt operations and growth.
- Asset-heavy model faces risks from equipment failure, obsolescence, or high upkeep costs.
Allotment Status for CFF Fluid Control
To check your allotment status – click here.