CFF Fluid Control, a key player in India’s burgeoning defence sector, is poised to launch its Follow-on Public Offer (FPO) on 9th July 2025, seeking to raise ₹87.75 crore. This strategic capital infusion is set to further strengthen the company’s specialised role in manufacturing and servicing critical component systems for the Indian Navy’s submarines and surface ships. The FPO not only reflects the company’s robust financial trajectory but also underscores the nation’s accelerating drive towards defence indigenisation, a cornerstone for national security and the creation of a stable environment conducive to sustainable and equitable urban development.
Established to serve India’s emergent defence needs, CFF Fluid Control has cultivated two decades of expertise in a highly specialised domain. The company’s core competencies span complex fluid control systems, propulsion, steering gear, high-pressure air systems, and integrated platform management systems essential for modern naval assets. A significant collaboration with Germany’s Atlas Elektronik GmbH further highlights CFF’s role in enhancing indigenous capabilities, particularly with the upcoming production of 12 Low-Frequency Variable Depth Sonars (LFVDS) for the Indian Navy’s Anti-Submarine Warfare Shallow Water Craft program. This indigenisation effort is crucial for reducing reliance on foreign imports and fostering self-reliance, a critical aspect of long-term national sustainability.
CFF Fluid Control has demonstrated an impressive financial performance, exhibiting a compounded annual growth rate (CAGR) of 43.52% in revenue, 49.19% in EBITDA, and 53.40% in profit after tax from FY 2022-23 to FY 2024-25. As of 31st May 2025, the company maintains a substantial order book valued at ₹513.97 crore, with over 90% of this derived from Indian Defence Public Sector Undertaking (PSU) Shipyards and their associated Original Equipment Manufacturers (OEMs). This strong and consistent demand from sovereign entities reflects the company’s indispensable role within the national defence ecosystem, providing a stable growth outlook for investors.
The company operates a state-of-the-art 6,000 square meter manufacturing facility in Khopoli, Raigarh, primarily dedicated to the Indian Navy’s “Scorpene” Submarine Program. In a proactive move to expand its operational footprint and enhance capacity, CFF Fluid Control is also developing a new 1,950 square meter facility in the Chakan Industrial Area near Pune. These modern manufacturing bases, supported by 245 full-time employees, signify a commitment to advanced engineering and skilled labour. The growth of such specialised manufacturing units contributes directly to local economies by creating high-value employment opportunities, fostering equitable development in industrial corridors.
The FPO, priced at ₹585 per share, comprises a fresh issue of 1,500,000 shares, equating to the entire ₹87.75 crore offering. The public subscription window will remain open until 11th July 2025, with listing expected on the BSE SME platform by 16th July 2025. This move to access public capital will enable CFF Fluid Control to further invest in research, development, and infrastructure, crucial for sustaining its competitive edge in a strategically vital sector. It offers retail investors an opportunity to participate in India’s burgeoning indigenous defence manufacturing narrative.
In the broader context of national development, a robust and self-reliant defence industrial base, powered by companies like CFF Fluid Control, is foundational. It ensures a secure environment where sustainable urbanisation initiatives, economic growth, and social equity can truly flourish without external vulnerabilities. By fostering domestic capabilities in critical technologies, India fortifies its strategic autonomy, ultimately contributing to the long-term stability and prosperity that underpins the development of resilient, eco-friendly, and gender-neutral cities.
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