CFF Fluid Control IPO vs Proventus Agrocom IPO

Comparision between CFF Fluid Control IPO and Proventus Agrocom IPO.

IPO Details

CFF Fluid Control IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Proventus Agrocom IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	CFF Fluid Control IPO	Proventus Agrocom IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	Sundae Capital Advisors
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Aryaman Capital Markets Limited	Ajcon Global Services Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of CFF Fluid Control IPO is up to ₹85.80 Cr whereas the issue size of the Proventus Agrocom IPO is up to ₹69.54 Cr. The final issue price of CFF Fluid Control IPO is ₹165.00 per share and of Proventus Agrocom IPO is ₹771.00 per share.

	CFF Fluid Control IPO	Proventus Agrocom IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹165.00 per share	₹771.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	160 shares
Fresh Issue Size	52,00,000 shares	6,71,773 shares
Fresh Issue Size (Amount)	up to ₹85.80 Cr	up to ₹51.79 Cr
OFS Issue Size		2,30,147 shares
OFS Issue Size (Amount)		up to ₹17.74 Cr
Issue Size Total	52,00,000 shares	9,01,920 shares
Issue Size Total (Amount)	up to ₹85.80 Cr	up to ₹69.54 Cr

IPO Timetable

CFF Fluid Control IPO opens on May 30, 2023, while Proventus Agrocom IPO opens on May 24, 2023. The closing date of CFF Fluid Control IPO and Proventus Agrocom IPO is Jun 02, 2023, and May 26, 2023, respectively.

	CFF Fluid Control IPO	Proventus Agrocom IPO
Anchor Bid Date
Issue Open	May 30, 2023	May 24, 2023
Issue Close	Jun 02, 2023	May 26, 2023
Basis Of Allotment (Tentative)	Jun 07, 2023	May 31, 2023
Initiation of Refunds (Tentative)	Jun 08, 2023	Jun 01, 2023
Credit of Share (Tentative)	Jun 09, 2023	Jun 02, 2023
Listing date (Tentative)	Jun 12, 2023	Jun 05, 2023
Anchor Lockin End date 1	Jul 07, 2023	Jun 30, 2023
Anchor Lockin End date 2	Sep 05, 2023	Aug 29, 2023

Financials

CFF Fluid Control IPO P/E ratio is 30.22, as compared to Proventus Agrocom IPO P/E ratio of 186.23.

CFF Fluid Control IPO

Proventus Agrocom IPO

Financial

CFF Fluid Control Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4,310.42	3,196.48	132.99	679.11	607.74	1,433.03
31-Mar-21	4,232.32	1,481.27	24.60	703.71	632.34	2,261.21
31-Mar-22	5,593.59	4,712.39	779.51	1,483.22	1,411.85	1,659.17
31-Dec-22	7,165.57	5,085.37	718.11	2,201.33	773.92	2,693.09
Amount in ₹ Lakhs

Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	8,936.94	90,089.01	-2,190.46	5,663.58	4,731.01	1,728.54
31-Mar-21	8,843.36	30,173.92	187.90	5,844.50	4,911.92	2,940.72
31-Mar-22	10,131.13	40,434.57	114.03	5,966.75	5,034.17	3,444.05
31-Dec-22	9,735.37	31,909.63	189.82	6,167.31	5,234.74	3,061.13
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

92.29%

Promoter Shareholding (Post-Issue)

73.30%

70.84%

P/E Ratio

30.22

186.23

Market Cap

₹321.32 Cr.

₹264.27 Cr.

ROE

0.52%%

0.04%%

ROCE

0.31%%

0.05%%

Debt/Equity

1.22

0.56

EPS

₹5.46

₹4.14

RoNW

52.56%%

3.08%%

Shares Offered

In the CFF Fluid Control IPO retail investors (RII) are offered 23,39,200 shares while in Proventus Agrocom IPO retail investors are offered 23,39,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in CFF Fluid Control IPO and 0 shares in Proventus Agrocom IPO.

	CFF Fluid Control IPO	Proventus Agrocom IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,60,800 shares	45,100 shares
QIB	0 shares	0 shares
NII	23,39,200 shares	4,28,430 shares
RII	23,39,200 shares	4,28,450 shares
Employee	0 shares	0 shares
Others
Total	46,78,400 shares	8,56,880 shares

Bids Received (Subscription)

CFF Fluid Control IPO subscribed 2.21x in total, whereas Proventus Agrocom IPO subscribed 2.70x.

	CFF Fluid Control IPO	Proventus Agrocom IPO
QIB (times)
NII (times)	2.75x	4.65x
Big NII (times)
Small NII (times)
RII (times)	1.67x	0.74x
Employee (times)
Other (times)
Total (times)	2.21x	2.70x

Compare with others

CFF Fluid Control IPO	Proventus Agrocom IPO
Urban Enviro Waste Management IPO	Kore Digital IPO
Cosmic CRF IPO	Sahana System IPO
Sonalis Consumer Products IPO	CFF Fluid Control IPO
Kore Digital IPO	Comrade Appliances IPO
Sahana System IPO	Infollion Research Services IPO
Comrade Appliances IPO	Hemant Surgical Industries IPO
Infollion Research Services IPO	Vasa Denticity IPO
Proventus Agrocom IPO	Spectrum Talent Management IPO
Hemant Surgical Industries IPO	Crayons Advertising IPO
Vasa Denticity IPO	Remus Pharmaceuticals IPO

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