CFF Fluid Control IPO vs Vasa Denticity IPO

Comparision between CFF Fluid Control IPO and Vasa Denticity IPO.

IPO Details

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

	CFF Fluid Control IPO	Vasa Denticity 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	Hem Securities Limited
Registrar	Cameo Corporate Services Limited	Mas Services Limited
Market Maker	Aryaman Capital Markets Limited	Hem Finlease 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 Vasa Denticity IPO is up to ₹54.07 Cr. The final issue price of CFF Fluid Control IPO is ₹165.00 per share and of Vasa Denticity IPO is ₹128.00 per share.

	CFF Fluid Control IPO	Vasa Denticity IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹121.00 per share
Issue Price (Upper)		₹128.00 per share
Issue Price (Final)	₹165.00 per share	₹128.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	1000 shares
Fresh Issue Size	52,00,000 shares	31,74,000 shares
Fresh Issue Size (Amount)	up to ₹85.80 Cr	up to ₹40.63 Cr
OFS Issue Size		10,50,000 shares
OFS Issue Size (Amount)		up to ₹13.44 Cr
Issue Size Total	52,00,000 shares	42,24,000 shares
Issue Size Total (Amount)	up to ₹85.80 Cr	up to ₹54.07 Cr

IPO Timetable

CFF Fluid Control IPO opens on May 30, 2023, while Vasa Denticity IPO opens on May 23, 2023. The closing date of CFF Fluid Control IPO and Vasa Denticity IPO is Jun 02, 2023, and May 25, 2023, respectively.

	CFF Fluid Control IPO	Vasa Denticity IPO
Anchor Bid Date
Issue Open	May 30, 2023	May 23, 2023
Issue Close	Jun 02, 2023	May 25, 2023
Basis Of Allotment (Tentative)	Jun 07, 2023	May 30, 2023
Initiation of Refunds (Tentative)	Jun 08, 2023	May 31, 2023
Credit of Share (Tentative)	Jun 09, 2023	Jun 01, 2023
Listing date (Tentative)	Jun 12, 2023	Jun 02, 2023
Anchor Lockin End date 1	Jul 07, 2023	Jun 29, 2023
Anchor Lockin End date 2	Sep 05, 2023	Aug 28, 2023

Financials

CFF Fluid Control IPO P/E ratio is 30.22, as compared to Vasa Denticity IPO P/E ratio of 30.62.

CFF Fluid Control IPO

Vasa Denticity 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

Vasa Denticity Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	481.78	3,045.13	9.44	27.20	7.20	64.57
31-Mar-21	691.05	4,017.72	32.58	59.78	39.78	197.24
31-Mar-22	1,945.91	7,714.08	540.98	600.76	580.76	326.29
31-Dec-22	2,695.18	8,757.11	501.90	1,102.66	1,082.66	266.31
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

95.00%

Promoter Shareholding (Post-Issue)

73.30%

69.62%

P/E Ratio

30.22

30.62

Market Cap

₹321.32 Cr.

₹205.01 Cr.

ROE

0.52%%

0.46%%

ROCE

0.31%%

0.54%%

Debt/Equity

1.22

0.24

EPS

₹5.46

₹4.43

RoNW

52.56%%

90.05%%

Shares Offered

In the CFF Fluid Control IPO retail investors (RII) are offered 23,39,200 shares while in Vasa Denticity IPO retail investors are offered 23,39,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in CFF Fluid Control IPO and 8,02,000 shares in Vasa Denticity IPO.

	CFF Fluid Control IPO	Vasa Denticity IPO
Anchor Investor Reserveration		12,00,000 shares
Market Maker Reserveration	2,60,800 shares	2,16,000 shares
QIB	0 shares	8,02,000 shares
NII	23,39,200 shares	6,02,000 shares
RII	23,39,200 shares	14,04,000 shares
Employee	0 shares	0 shares
Others
Total	46,78,400 shares	28,08,000 shares

Bids Received (Subscription)

CFF Fluid Control IPO subscribed 2.21x in total, whereas Vasa Denticity IPO subscribed 73.14x.

	CFF Fluid Control IPO	Vasa Denticity IPO
QIB (times)		37.26x
NII (times)	2.75x	156.09x
Big NII (times)
Small NII (times)
RII (times)	1.67x	58.07x
Employee (times)
Other (times)
Total (times)	2.21x	73.14x

Compare with others

CFF Fluid Control IPO	Vasa Denticity IPO
Urban Enviro Waste Management IPO	CFF Fluid Control IPO
Cosmic CRF IPO	Comrade Appliances IPO
Sonalis Consumer Products IPO	Infollion Research Services IPO
Kore Digital IPO	Proventus Agrocom IPO
Sahana System IPO	Hemant Surgical Industries IPO
Comrade Appliances IPO	Spectrum Talent Management IPO
Infollion Research Services IPO	Crayons Advertising IPO
Proventus Agrocom IPO	Remus Pharmaceuticals IPO
Hemant Surgical Industries IPO	Auro Impex & Chemicals IPO
Vasa Denticity IPO	Innokaiz India IPO

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