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CFF Fluid Control IPO vs Comrade Appliances IPO

Comparision between CFF Fluid Control IPO and Comrade Appliances IPO.

IPO Details

CFF Fluid Control IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Comrade Appliances IPO is a SME Book Built Issue proposed to list at BSE SME.

  CFF Fluid Control IPO Comrade Appliances IPO
Logo CFF Fluid Control IPO Logo Comrade Appliances IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME BSE SME
Lead Managers Aryaman Financial Services Limited Gretex Corporate Services Limited
Registrar Cameo Corporate Services Limited Bigshare Services Pvt Ltd
Market Maker Aryaman Capital Markets Limited Gretex Share Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor 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 Comrade Appliances IPO is up to ₹12.30 Cr. The final issue price of CFF Fluid Control IPO is ₹165.00 per share and of Comrade Appliances IPO is ₹54.00 per share.

  CFF Fluid Control IPO Comrade Appliances IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹52.00 per share
Issue Price (Upper) ₹54.00 per share
Issue Price (Final) ₹165.00 per share ₹54.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 800 shares 2000 shares
Fresh Issue Size 52,00,000 shares 22,78,000 shares
Fresh Issue Size (Amount) up to ₹85.80 Cr up to ₹12.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 52,00,000 shares 22,78,000 shares
Issue Size Total (Amount) up to ₹85.80 Cr up to ₹12.30 Cr

IPO Timetable

CFF Fluid Control IPO opens on May 30, 2023, while Comrade Appliances IPO opens on May 31, 2023. The closing date of CFF Fluid Control IPO and Comrade Appliances IPO is Jun 02, 2023, and Jun 05, 2023, respectively.

  CFF Fluid Control IPO Comrade Appliances IPO
Anchor Bid Date May 30, 2023
Issue Open May 30, 2023 May 31, 2023
Issue Close Jun 02, 2023 Jun 05, 2023
Basis Of Allotment (Tentative) Jun 07, 2023 Jun 08, 2023
Initiation of Refunds (Tentative) Jun 08, 2023 Jun 09, 2023
Credit of Share (Tentative) Jun 09, 2023 Jun 12, 2023
Listing date (Tentative) Jun 12, 2023 Jun 13, 2023
Anchor Lockin End date 1 Jul 07, 2023 Jul 08, 2023
Anchor Lockin End date 2 Sep 05, 2023 Sep 06, 2023

Financials

CFF Fluid Control IPO P/E ratio is 30.22, as compared to Comrade Appliances IPO P/E ratio of 17.14.

  CFF Fluid Control IPO Comrade Appliances IPO
Financial
CFF Fluid Control Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204,310.423,196.48132.99679.11607.741,433.03
31-Mar-214,232.321,481.2724.60703.71632.342,261.21
31-Mar-225,593.594,712.39779.511,483.221,411.851,659.17
31-Dec-227,165.575,085.37718.112,201.33773.922,693.09
Amount in ₹ Lakhs
Comrade Appliances Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201,678.982,162.2941.80293.40-38.97400.93
31-Mar-213,140.652,603.8520.21241.77-90.601,412.38
31-Mar-222,527.312,973.2838.75502.43-14.871,113.79
31-Mar-232,753.182,699.43163.57689.41164.331,766.48
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.99% 100.00%
Promoter Shareholding (Post-Issue) 73.30% 69.74%
P/E Ratio 30.22 17.14
Market Cap ₹321.32 Cr. ₹40.66 Cr.
ROE 0.52%% 0.27%%
ROCE 0.31%% 0.16%%
Debt/Equity 1.22 1.96
EPS ₹5.46 ₹3.15
RoNW 52.56%% 23.73%%

Shares Offered

In the CFF Fluid Control IPO retail investors (RII) are offered 23,39,200 shares while in Comrade Appliances IPO retail investors are offered 23,39,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in CFF Fluid Control IPO and 4,32,000 shares in Comrade Appliances IPO.

  CFF Fluid Control IPO Comrade Appliances IPO
Anchor Investor Reserveration 6,48,000 shares
Market Maker Reserveration 2,60,800 shares 1,14,000 shares
QIB 0 shares 4,32,000 shares
NII 23,39,200 shares 3,26,000 shares
RII 23,39,200 shares 7,58,000 shares
Employee 0 shares 0 shares
Others
Total 46,78,400 shares 15,16,000 shares

Bids Received (Subscription)

CFF Fluid Control IPO subscribed 2.21x in total, whereas Comrade Appliances IPO subscribed 77.25x.

  CFF Fluid Control IPO Comrade Appliances IPO
QIB (times) 21.86x
NII (times) 2.75x 162.67x
Big NII (times)
Small NII (times)
RII (times) 1.67x 72.08x
Employee (times)
Other (times)
Total (times) 2.21x 77.25x

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