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CFF Fluid Control FPO vs Munish Forge IPO

Comparison between CFF Fluid Control FPO and Munish Forge IPO.

IPO Details

CFF Fluid Control FPO is a SME Bookbuilding IPO proposed to list at BSE SME while Munish Forge IPO is a SME Bookbuilding proposed to list at NSE SME.

 CFF Fluid Control FPOMunish Forge IPO
LogoCFF Fluid Control FPO LogoMunish Forge IPO Logo
Issue CategorySMESME
Issue TypeFPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Gretex Corporate Services Ltd.
RegistrarCameo Corporate Services Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of CFF Fluid Control FPO is up to ₹83.19 Cr whereas the issue size of the Munish Forge IPO is up to ₹70.23 Cr. The final issue price of CFF Fluid Control FPO is ₹585.00 per share and of Munish Forge IPO is ₹96.00 per share.

 CFF Fluid Control FPOMunish Forge IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹91.00 per share
Issue Price (Upper)₹96.00 per share
Issue Price (Final)₹585.00 per share₹96.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size200 shares1200 shares
Fresh Issue Size14,22,000 shares59,71,200 shares
Fresh Issue Size (Amount)up to ₹83.19 Crup to ₹57.32 Cr
OFS Issue Size0 shares13,44,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹12.90 Cr
Issue Size Total14,22,000 shares73,15,200 shares
Issue Size Total (Amount)up to ₹83.19 Crup to ₹70.23 Cr

IPO Timetable

CFF Fluid Control FPO opens on Jul 09, 2025, while Munish Forge IPO opens on Sep 30, 2025. The closing date of CFF Fluid Control FPO and Munish Forge IPO is Jul 11, 2025, and Oct 03, 2025, respectively.

 CFF Fluid Control FPOMunish Forge IPO
Anchor Bid DateSep 29, 2025
Issue OpenJul 09, 2025Sep 30, 2025
Issue CloseJul 11, 2025Oct 03, 2025
Basis Of Allotment (Tentative)Jul 14, 2025Oct 06, 2025
Initiation of Refunds (Tentative)Jul 15, 2025Oct 07, 2025
Credit of Share (Tentative)Jul 15, 2025Oct 07, 2025
Listing date (Tentative)Jul 16, 2025Oct 08, 2025
Anchor Lockin End date 1Nov 05, 2025
Anchor Lockin End date 2Jan 04, 2026

Financials & KPIs

CFF Fluid Control FPO P/E ratio is 47.77, as compared to Munish Forge IPO P/E ratio of 11.89.

 CFF Fluid Control FPOMunish Forge IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets199.03161.1688.68
Total Income146.10106.9871.10
Profit After Tax23.8517.0910.14
EBITDA41.3130.8518.83
NET Worth147.84125.9424.99
Reserves and Surplus128.37106.4610.72
Total Borrowing21.1123.4845.90
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets161.54113.09106.88
Total Income178.63161.58161.18
Profit After Tax14.304.391.97
EBITDA24.3611.439.14
NET Worth67.4040.5235.94
Reserves and Surplus49.6930.8926.30
Total Borrowing60.2047.1650.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)73.31100
Promoter Shareholding (Post-Issue)68.0668.01
P/E Ratio47.7711.89
Market Cap₹1226.98 Cr.₹231.07 Cr.
ROE17.4221.22
ROCE21.8416.44
Debt/Equity0.89
EPS₹12.25₹8.07
RoNW16.1326.50

Shares Offered

In the CFF Fluid Control FPO Retail Individual Investors (RII) are offered 7,11,200 shares while in Munish Forge IPO retail investors are offered 7,11,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in CFF Fluid Control FPO and 14,62,800 shares in Munish Forge IPO.

 CFF Fluid Control FPOMunish Forge IPO
Anchor Investor Reservation21,93,600 shares
Market Maker Reservation78,000 shares3,85,200 shares
QIB0 shares14,62,800 shares
NII7,10,800 shares10,98,000 shares
RII7,11,200 shares25,60,800 shares
Employee0 shares
Others
Total14,22,000 shares73,15,200 shares

Bids Received (Subscription)

CFF Fluid Control FPO subscribed 8.45x in total, whereas Munish Forge IPO subscribed 2.47x.

 CFF Fluid Control FPOMunish Forge IPO
QIB (times)4.05x
NII (times)10.06x4.88x
Big NII (times)5.93x
Small NII (times)2.77x
RII (times)6.34x2.66x
Employee (times)
Other (times)
Total (times)8.45x2.47x

Compare with others

CFF Fluid Control FPOMunish Forge IPO
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Compare:

CFF Fluid Control FPO Vs Munish Forge IPO