CFF Fluid Control IPO vs Kore Digital IPO

Comparision between CFF Fluid Control IPO and Kore Digital IPO.

IPO Details

CFF Fluid Control IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Kore Digital IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	CFF Fluid Control IPO	Kore Digital 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	First Overseas Capital Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Aryaman Capital Markets Limited	Nnm Securities Private 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 Kore Digital IPO is up to ₹18.00 Cr. The final issue price of CFF Fluid Control IPO is ₹165.00 per share and of Kore Digital IPO is ₹180.00 per share.

	CFF Fluid Control IPO	Kore Digital IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹165.00 per share	₹180.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	800 shares
Fresh Issue Size	52,00,000 shares	10,00,000 shares
Fresh Issue Size (Amount)	up to ₹85.80 Cr	up to ₹18.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	52,00,000 shares	10,00,000 shares
Issue Size Total (Amount)	up to ₹85.80 Cr	up to ₹18.00 Cr

IPO Timetable

CFF Fluid Control IPO opens on May 30, 2023, while Kore Digital IPO opens on Jun 02, 2023. The closing date of CFF Fluid Control IPO and Kore Digital IPO is Jun 02, 2023, and Jun 07, 2023, respectively.

	CFF Fluid Control IPO	Kore Digital IPO
Anchor Bid Date
Issue Open	May 30, 2023	Jun 02, 2023
Issue Close	Jun 02, 2023	Jun 07, 2023
Basis Of Allotment (Tentative)	Jun 07, 2023	Jun 12, 2023
Initiation of Refunds (Tentative)	Jun 08, 2023	Jun 13, 2023
Credit of Share (Tentative)	Jun 09, 2023	Jun 14, 2023
Listing date (Tentative)	Jun 12, 2023	Jun 14, 2023
Anchor Lockin End date 1	Jul 07, 2023	Jul 12, 2023
Anchor Lockin End date 2	Sep 05, 2023	Sep 10, 2023

Financials

CFF Fluid Control IPO P/E ratio is 30.22, as compared to Kore Digital IPO P/E ratio of 17.86.

CFF Fluid Control IPO

Kore Digital 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

Kore Digital Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	188.66	87.61	1.82	8.21	7.21
31-Mar-21	584.81	397.90	25.93	34.14	33.14	21.96
31-Mar-22	1,441.57	1,694.45	217.97	252.11	251.11	17.72
31-Dec-22	1,573.07	1,195.71	253.92	506.02	254.02	184.18
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

99.70%

Promoter Shareholding (Post-Issue)

73.30%

71.38%

P/E Ratio

30.22

17.86

Market Cap

₹321.32 Cr.

₹63.36 Cr.

ROE

0.52%%

0.67%%

ROCE

0.31%%

0.49%%

Debt/Equity

1.22

0.36

EPS

₹5.46

₹10.08

RoNW

52.56%%

50.18%%

Shares Offered

In the CFF Fluid Control IPO retail investors (RII) are offered 23,39,200 shares while in Kore Digital 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 Kore Digital IPO.

	CFF Fluid Control IPO	Kore Digital IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,60,800 shares	52,000 shares
QIB	0 shares	0 shares
NII	23,39,200 shares	4,74,000 shares
RII	23,39,200 shares	4,74,000 shares
Employee	0 shares	0 shares
Others
Total	46,78,400 shares	9,48,000 shares

Bids Received (Subscription)

CFF Fluid Control IPO subscribed 2.21x in total, whereas Kore Digital IPO subscribed 41.56x.

	CFF Fluid Control IPO	Kore Digital IPO
QIB (times)
NII (times)	2.75x	49.67x
Big NII (times)
Small NII (times)
RII (times)	1.67x	33.26x
Employee (times)
Other (times)
Total (times)	2.21x	41.56x

Compare with others

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

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