The Follow-on Public Offer (FPO) of CFF Fluid Control received bids for 1,20,94,200 shares as against 15,00,000 shares on offer. The issue was subscribed 8.06 times.
Retail Investors bid for 45,10,000 shares, non-institutional investors bid for 72,28,600 shares and qualified institutional investors bid for 3,55,600 shares.
The offer opened on 09 July 2025 and it closed on 11 July 2025. The price of the FPO was set at Rs 585 per share. The minimum order quantity was 200 equity shares.
The issue consists entirely of an FPO of 15,00,000 equity shares, aggregating up to Rs 87.75 crore, The promoter shareholding diluted to 68.06% from 73.31% pre-offer.
The company intends to utilise the net proceeds for funding working capital requirements and general corporate purposes.
CFF Fluid Control was listed on 12 June 2023 on the Bombay Stock Exchange (BSE). The scrip declined 0.91% to end at Rs 664.60 on Wednesday, 9 July 2025.
CFF Fluid Control engaged in the manufacturing and servicing for Indian Defence PSU Shipyard of Submarine machinery, critical component systems and test facilities. It also design, manufacture and service mechanical equipments and systems for industries like nuclear and clean energy. As on March 31, 2025, the company had 245 permanent employees.
The company had reported 40.2% increase in net profit to Rs 9.80 crore on a 38.2% rise in net sales to Rs 65.53 crore in H2 FY25 as compared with H2 FY24.