Craftsman Automation Limited IPO (Craftsman Automation IPO) Detail

Mar 15, 2021 - Mar 17, 2021

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.

Company Promoters:

Srinivasan Ravi is the promoter of the company.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in millions)
31-Dec-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 22,462.93 23,031.36 23,253.98 19,994.34
Total Revenue 10,299.08 15,010.57 18,316.43 15,228.62
Profit After Tax 506.60 410.73 973.67 315.34

Objects of the Issue:

The company purposes to utilize funds towards the following objectives;

  • To make reapayment/pre-payment of company's borrowing fully or partially.
  • To meet general corporate purposes.

Craftsman Automation IPO Details

IPO Opening DateMar 15, 2021
IPO Closing DateMar 17, 2021
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price₹1488 to ₹1490 per equity share
Market Lot10 Shares
Min Order Quantity10 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹5
(aggregating up to ₹823.70 Cr)
Fresh Issue1,006,711 Eq Shares of ₹5
(aggregating up to ₹150.00 Cr)
Offer for Sale4,521,450 Eq Shares of ₹5
(aggregating up to ₹673.70 Cr)

Craftsman Automation IPO Tentative Timetable

The Craftsman Automation IPO open date is Mar 15, 2021, and the close date is Mar 17, 2021. The issue may list on Mar 25, 2021.

IPO Open DateMar 15, 2021
IPO Close DateMar 17, 2021
Basis of Allotment DateMar 22, 2021
Initiation of RefundsMar 23, 2021
Credit of Shares to Demat AccountMar 24, 2021
IPO Listing DateMar 25, 2021

Craftsman Automation IPO Lot Size

The Craftsman Automation IPO market lot size is 10 shares. A retail-individual investor can apply for up to 13 lots (130 shares or ₹193,700).

ApplicationLotsSharesAmount (Cut-off)
Minimum110₹14,900
Maximum13130₹193,700

Craftsman Automation IPO Promoter Holding

Pre Issue Share Holding63.40%
Post Issue Share Holding59.76%

Craftsman Automation IPO Subscription Status (Bidding Detail)

The Craftsman Automation IPO is subscribed 3.82x times on Mar 17, 2021 06:49. The public issue subscribed 3.44x in the retail category, 5.21x in the QIB category, and 2.84x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

5.21x

NII

2.84x

RII

3.44x

Total

3.82x

Craftsman Automation IPO Prospectus

Craftsman Automation IPO Rating

764
4.0
Rating:Rated 4.0 stars

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Craftsman Automation IPO Listing Date

Listing DateThursday, March 25, 2021
BSE Script Code543276
NSE SymbolCRAFTSMAN
Listing InB Group of Securities
ISININE00LO01017
IPO Price₹1490 per equity share
Face Value₹5 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹1,490.00
₹1,350.00
₹1,349.20
₹1,489.00
₹1,433.00
174,695
NSE
₹1,490.00
₹1,359.00
₹1,350.00
₹1,490.00
₹1,435.60
3,479,695

Company Contact Information

Craftsman Automation Limited
Senthel Towers, 4 th Floor, 1078,
Avanashi Road, Coimbatore 641 018


Phone: (91 422) 302 1000
Email: investor@craftsmanautomation.com
Website: http://www.craftsmanautomation.com/

Craftsman Automation IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: craftsman.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Craftsman Automation IPO FAQs

  1. What is Craftsman Automation IPO?

    Craftsman Automation IPO is a main-board IPO of [.] equity shares of the face value of ₹5 aggregating up to ₹823.70 Crores. The issue is priced at ₹1488 to ₹1490 per equity share. The minimum order quantity is 10 Shares.

    The IPO opens on Mar 15, 2021, and closes on Mar 17, 2021.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. How to apply in Craftsman Automation IPO through Zerodha?

    Zerodha customers can apply online in Craftsman Automation IPO using UPI as a payment gateway. Zerodha customers can apply in Craftsman Automation IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in Craftsman Automation IPO through Zerodha

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the 'Craftsman Automation IPO' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. ‘Submit’ IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  3. When Craftsman Automation IPO will open?

    The Craftsman Automation IPO opens on Mar 15, 2021 and closes on Mar 17, 2021.

  4. What is the lot size of Craftsman Automation IPO?

    Craftsman Automation IPO lot size is 10 Shares and the minimum order quantity is 10 Shares.

  5. How to apply for Craftsman Automation IPO?

    You can apply in Craftsman Automation IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  6. When Craftsman Automation IPO allotment?

    The finalization of Basis of Allotment for Craftsman Automation IPO will be done on Mar 22, 2021, and the allotted shares will be credited to your demat account by Mar 24, 2021. Check the Craftsman Automation IPO allotment status.

  7. When is Craftsman Automation IPO listing date?

    The Craftsman Automation IPO listing date is on Thursday, March 25, 2021.

Craftsman Automation IPO Message Board

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