CFF Fluid Control Limited FPO

CFF Fluid Control Limited is launching an FPO between July 9, 2025 and July 11, 2025, to raise approximately ₹87.75 crores by issuing 15.0 Lakh fresh equity shares at ₹585 per share. The lot size investment for HNI (High Net-Worth Individuals) is for 3 lots, i.e., 600 shares, which amounts to ₹3,51,000 in order to participate in the FPO. The FPO opens for subscription on 9th July through 11th July and it should be allotted on 14th July, 2025 (Monday). The CFF FPO is scheduled to be listed on 16th July on the BSE SME.

Company Background

CFF Fluid Control LTD. was established on February 16th, 2012 and is headquartered in Mumbai. The company produces equipment to help support the defense and energy industry of India through its skilled technological expertise and advanced engineering solutions, as well as to empower the Make in India Movement. CFF Fluid Control Limited was established to serve India’s growing defense sector, focusing on the manufacture and servicing of submarine machinery and critical component systems, primarily for Indian Defence PSU Shipyards and the Indian Navy. The company has over two decades of experience in the defense manufacturing ecosystem.

Operations & Product Range

Facility & Production

The CFF Fluid Control Unit is located in Khopoli, India, spanning 6,000 sq. meters, equipped with fluid control systems, distributed air panels, weapons and control systems, steering gear, propulsion systems, high-pressure air system, hydraulic system and integrated platform management system. The company has an upcoming unit to be located in Chakan, Pune.

Brands & Market Presence

CFF Fluid Control Limited has emerged as a key engineering solutions provider in the Indian defense sector, backed by a strong order book worth ₹513.97 crore as of May 31, 2025. Notably, over 90% of these orders originate from Indian Defence PSU shipyards and their associated OEMs, highlighting the company's deep integration within the national defense ecosystem. Strengthening its global collaborations, CFF Fluid Control has entered into a strategic partnership with Germany's Atlas Elektronik GmbH for the production of 12 Low-Frequency Variable Depth Sonar (LFVDS) systems. These systems are being developed specifically for the Indian Navy’s Anti-Submarine Warfare (ASW) Shallow Water Craft program, showcasing the company’s role in enhancing indigenous naval capabilities.

Revenue Channels

• The company’s primary revenue comes from the Indian defense sector, particularly from PSU Shipyards and OEMs related to the Indian Navy.
• As of May 2025, over 90% of the order book is defense-related, reflecting a strong focus on government and strategic contracts.
• Revenue has demonstrated strong growth, with a CAGR of 43.52% from FY 2023 to FY 2025.

Management & Shareholding

Promoters & Shareholding

CFF Fluid Control is led by its promoters, Sunil Menon and Gautam Makkar, who have played a pivotal role in the company’s growth and strategic direction. Before the FPO, the promoters held a significant stake of 73.31% in the company. Following the FPO, their combined shareholding stands at 68.06%, reflecting continued strong promoter confidence and long-term commitment to the business.

Board Members

As of 2025, the Board of Directors of CFF Fluid Control Limited comprises experienced professionals with expertise in defense manufacturing and corporate governance. The company is led by experienced promoters and a management team with significant expertise in defense manufacturing.