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
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 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

Comrade Appliances Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,678.98	2,162.29	41.80	293.40	-38.97	400.93
31-Mar-21	3,140.65	2,603.85	20.21	241.77	-90.60	1,412.38
31-Mar-22	2,527.31	2,973.28	38.75	502.43	-14.87	1,113.79
31-Mar-23	2,753.18	2,699.43	163.57	689.41	164.33	1,766.48
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

Compare with others

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

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