Craftsman Automation Limited
- IPO Date15 Mar, 2021 to 17 Mar, 2021
- Listing Date25 Mar, 2021
- Face Value₹5 per share
- Issue Price₹1488 to ₹1490 per share
- Lot Size10 Shares
- Minimum Investment₹14,900
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue10,06,711 Shares
(aggregating up to ₹150.00 Cr)
- Offer for Sale45,21,450 Shares
(aggregating up to ₹673.70 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
17 Mar, 2021
Initiation of Refunds
24 Mar, 2021
Listing Date
25 Mar, 2021
15 Mar, 2021
Opening Date
22 Mar, 2021
Basis of Allotment
24 Mar, 2021
Credit of Shares
Craftsman Automation Limited Lot Size
Investors can bid for a minimum of 10 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 130 | ₹1,93,700 |
| Retail (Min) | 1 | 10 | ₹14,900 |
Craftsman Automation Limited Promoter Holding
Srinivasan Ravi is the promoter of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 63.4% | 59.76% |
Craftsman Automation Limited COMPANY INFORMATION
Craftsman Automation IPO is a book built issue of Rs 823.70 crores. The issue is a combination of fresh issue of 0.1 crore shares aggregating to Rs 150.00 crores and offer for sale of 0.45 crore shares aggregating to Rs 673.70 crores. Craftsman Automation IPO bidding started from March 15, 2021 and ended on March 17, 2021. The allotment for Craftsman Automation IPO was finalized on Monday, March 22, 2021. The shares got listed on BSE, NSE on March 25, 2021. Craftsman Automation IPO price band is set at ₹1488 to ₹1490 per share. The minimum lot size for an application is 10 Shares. The minimum amount of investment required by retail investors is ₹14,900. Axis Capital Limited and Iifl Securities Ltd are the book running lead managers of the Craftsman Automation IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Craftsman Automation IPO RHP for detailed information.
Incorporated in 1986, Craftsman Automation Ltd is a leading engineering organization that is engaged in manufacturing precision components. The company designs, develop, and manufactures a range of engineering products. It is one of the leading players in the machining of cylinder blocks for the tractor segment.
The business operates 3 key segments namely Automotive-Powertrain and others, Automotive-Aluminium Products, and Industrial and Engineering division that is engaged in manufacturing material handling equipment i.e. hoists, industrial gears, marine engines, crane kits, gearboxes, locomotive equipment, storage solutions, etc.
The company owns 12 state-of-the-art manufacturing facilities across 7 cities of India. Its customer base includes Tata Motors, Daimler India, Tata Cummins, Mahindra & Mahindra, Royal Enfield, Siemens, Escorts, Ashok Leyland, VE Commercial Vehicles, TAFE Motors & Tractors, etc.
Competitive Strengths
- Leading engineering product manufacturer.
- Strategically located and vertically integrated manufacturing facilities.
- Strong product design capabilities.
- Robust financial performance.
FAQs About Craftsman Automation Limited
Craftsman Automation Limited will open on 15 Mar, 2021 and close on 17 Mar, 2021. Investors must apply within this period to participate.
The Craftsman Automation Limited price band is set between ₹1488.00 and ₹1490.00 per share. The minimum lot size is 10, requiring an investment of at least ₹14900.00.
The Craftsman Automation Limited shares are expected to be listed on 25 Mar, 2021, subject to regulatory approvals and final allotment.
You can track your Craftsman Automation Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Craftsman Automation Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.