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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 CFF Fluid Control IPO Logo 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 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
Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208,936.9490,089.01-2,190.465,663.584,731.011,728.54
31-Mar-218,843.3630,173.92187.905,844.504,911.922,940.72
31-Mar-2210,131.1340,434.57114.035,966.755,034.173,444.05
31-Dec-229,735.3731,909.63189.826,167.315,234.743,061.13
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

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