CFF Fluid Control IPO vs Sahana System IPO

Comparision between CFF Fluid Control IPO and Sahana System IPO.

IPO Details

CFF Fluid Control IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sahana System IPO is a SME Book Built Issue proposed to list at NSE SME.

	CFF Fluid Control IPO	Sahana System IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	Unistone Capital Pvt Ltd Interactive Financial Services Ltd
Registrar	Cameo Corporate Services Limited	Purva Sharegistry India Pvt Ltd
Market Maker	Aryaman Capital Markets Limited	Rikhav Securities 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 Sahana System IPO is up to ₹32.74 Cr. The final issue price of CFF Fluid Control IPO is ₹165.00 per share and of Sahana System IPO is ₹135.00 per share.

	CFF Fluid Control IPO	Sahana System IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹132.00 per share
Issue Price (Upper)		₹135.00 per share
Issue Price (Final)	₹165.00 per share	₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	1000 shares
Fresh Issue Size	52,00,000 shares	24,25,000 shares
Fresh Issue Size (Amount)	up to ₹85.80 Cr	up to ₹32.74 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	52,00,000 shares	24,25,000 shares
Issue Size Total (Amount)	up to ₹85.80 Cr	up to ₹32.74 Cr

IPO Timetable

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

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

Financials

CFF Fluid Control IPO P/E ratio is 30.22, as compared to Sahana System IPO P/E ratio of 16.88.

CFF Fluid Control IPO

Sahana System 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

Sahana System Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	772.93	331.47	16.44	17.44	16.44	723.25
31-Mar-22	1,498.91	1,217.39	141.18	452.06	142.53	512.59
31-Mar-23	2,417.82	2,414.23	639.64	1,079.71	522.56	477.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

90.25%

Promoter Shareholding (Post-Issue)

73.30%

P/E Ratio

30.22

16.88

Market Cap

₹321.32 Cr.

₹107.95 Cr.

ROE

0.52%%

83.52%%

ROCE

0.31%%

61.05%%

Debt/Equity

1.22

0.44

EPS

₹5.46

₹11.48

RoNW

52.56%%

59.24%%

Shares Offered

In the CFF Fluid Control IPO retail investors (RII) are offered 23,39,200 shares while in Sahana System IPO retail investors are offered 23,39,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in CFF Fluid Control IPO and 2,30,000 shares in Sahana System IPO.

	CFF Fluid Control IPO	Sahana System IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,60,800 shares	1,25,000 shares
QIB	0 shares	2,30,000 shares
NII	23,39,200 shares	10,35,000 shares
RII	23,39,200 shares	10,35,000 shares
Employee	0 shares	0 shares
Others
Total	46,78,400 shares	23,00,000 shares

Bids Received (Subscription)

CFF Fluid Control IPO subscribed 2.21x in total, whereas Sahana System IPO subscribed 9.99x.

	CFF Fluid Control IPO	Sahana System IPO
QIB (times)		9.70x
NII (times)	2.75x	7.07x
Big NII (times)
Small NII (times)
RII (times)	1.67x	12.97x
Employee (times)
Other (times)
Total (times)	2.21x	9.99x

Compare with others

CFF Fluid Control IPO	Sahana System IPO
Urban Enviro Waste Management IPO	Bizotic Commercial IPO
Cosmic CRF IPO	Urban Enviro Waste Management IPO
Sonalis Consumer Products IPO	Cosmic CRF IPO
Kore Digital IPO	Sonalis Consumer Products IPO
Sahana System IPO	Kore Digital IPO
Comrade Appliances IPO	CFF Fluid Control IPO
Infollion Research Services IPO	Comrade Appliances IPO
Proventus Agrocom IPO	Infollion Research Services IPO
Hemant Surgical Industries IPO	Proventus Agrocom IPO
Vasa Denticity IPO	Hemant Surgical Industries IPO

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