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 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 Date Mar 15, 2021 to Mar 17, 2021
Listing Date Thursday, March 25, 2021
Face Value ₹5 per share
Price ₹1488 to ₹1490 per share
Lot Size 10 Shares
Issue Size[.] shares of ₹5
(aggregating up to ₹823.70 Cr)
Fresh Issue1,006,711 shares of ₹5
(aggregating up to ₹150.00 Cr)
Offer for Sale4,521,450 shares of ₹5
(aggregating up to ₹673.70 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

Srinivasan Ravi is the promoter of the company.

Craftsman Automation IPO Tentative Timetable

Craftsman Automation IPO opens on Mar 15, 2021, and closes on Mar 17, 2021. The Craftsman Automation IPO bid date is from Mar 15, 2021 10.00 A.M. to Mar 17, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Mar 15, 2021
Closing Date Mar 17, 2021
Basis of Allotment Mar 22, 2021
Initiation of Refunds Mar 23, 2021
Credit of Shares to Demat Mar 24, 2021
Listing Date Mar 25, 2021

Craftsman Automation IPO Lot Size

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

Application Lots Shares Amount
Retail (Min) 1 10 ₹14,900
Retail (Max) 13 130 ₹193,700

Craftsman Automation IPO Promoter Holding

Pre Issue Share Holding 63.40%
Post Issue Share Holding 59.76%

Craftsman Automation IPO Review

The issue is reasonably priced compared to its listed peers. It has also shown recovery from pandemic scare for the first nine months of FY21. The list of marquee global key customers with long term relationship augurs well. Investors may consider investment for the long term in this IPO. Read detail review...

Craftsman Automation IPO Subscription Status (Bidding Detail)

The Craftsman Automation IPO is subscribed 3.82 times on Mar 17, 2021 6:49:00 AM. The public issue subscribed 3.44 times in the retail category, 5.21 times in the QIB category, and 2.84 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Craftsman Automation IPO Prospectus

Craftsman Automation IPO Rating

Rating:Rated 4.0 stars
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Craftsman Automation IPO Listing Date

Listing Date Thursday, March 25, 2021
BSE Script Code 543276
Listing In B Group of Securities
IPO Price ₹1490 per share
Face Value ₹5 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

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

Phone: (91 422) 302 1000

Craftsman Automation IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Craftsman Automation IPO FAQs

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 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.

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.

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

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

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.

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.

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

Ranked Members of Forum  Ranked Members | Most Liked Members



261. IPOANALYSIS |   Link |Apr 8, 2021 10:24:44 AM
A few people recommend craftsman as multibagger are hiding now. They are same people who were not positive on Barbequenation. We all know now he is hiding and unable to show his face. He has habit to argument on my comment but this is biggest slap on his face.
260. IPOANALYSIS |   Link |Mar 31, 2021 8:21:07 PM
Lagta hai Rocktrader ko kafi nuksaan jhelne pad Raha hai isleyi we should all pray for him to get well soon

259. IPOANALYSIS |   Link |Mar 31, 2021 3:43:06 PM
What happen to ARUNArun. ,rocktrader etc
Now admit it mistake that you have been trapped in a dud company and stock. Now down 40 rs and much below issue price. as I told just exit on any rise when get chance which proved on target. so stop giving wrong suggestion as I work more on fundamentals rather than you who apply these companies and suffer losses.
259.3. IPOANALYSIS |   Link |Apr 1, 2021 5:17:32 PM
How much have you gain for listing day .there has been a huge rally in stock market smallcap and midcap today. Anything pick from secondary market would have given better return than this crap. Keep holding on and see other stocks rally.
259.4. IPOANALYSIS |   Link |Apr 1, 2021 5:20:15 PM
All recent listing are up between 4 pc to 18 pc. Nazara, laxmi , easy trip,. Craftsman is dud because it did but even rally when other rally and fall even more. Still not able to cross IPO price today. This is meaning of Dud
258. IPOANALYSIS |   Link |Mar 31, 2021 11:52:58 AM
Kahan Bagh Gaye saare. Craftsman down and out . As told exit in every rise. There is nothing in this machine company .
257. IPOANALYSIS |   Link |Mar 30, 2021 5:54:20 PM
Complete flop show. Any stock which is in red despite market being up 1200 points shows how weak this scrip is. Jinhone share allot hua hai unhe abhi tak Kuch Nahi Mila sivay hold Karne ke. Bilkul bakwaas scrip hai.
257.1. Dr.strange |   Link |Mar 30, 2021 6:47:57 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
from your logic , laxmi is also weak script bcoz it is also in red despite 1200 rs up sensex
257.2. IPOANALYSIS |   Link |Mar 31, 2021 8:44:16 AM
Laxmi si already up 50 pc from.issue price so little price correction is ok. selling in craftsman when there is no return for IPO. Alloted. Atleast apply some logic.
256. Akula PapaRao |   Link |Mar 26, 2021 11:06:48 PM
this scrip is fundamentally strong . it qualifies as an Investment grade stock.
it rewards patient investors
255. Manofsteel |   Link |Mar 26, 2021 6:41:49 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Closed above Issue price.
Good time to buy.
254. PRIMARY MARKET LEARNER |   Link |Mar 24, 2021 12:47:19 PM
Anything Less Above Listing Price is A Trap. Don''t Sell Single Share In Discount as Well as in Small Profit.
e.g. 1550 Ke Niche Kuchh Bhi Mat Bechna wo Ek Trap Hoga aapke Shares Lene Ka.
If u are Getting 10% Then U can Exit or B With SL of 1550.
254.1. Gull bhai |   Link |Mar 24, 2021 1:17:10 PM
Can u tell Target and stoploss market
Stoploss ???
Target ???
254.2. PRIMARY MARKET LEARNER |   Link |Mar 26, 2021 4:46:02 PM
Now That is Called Good Listing. Many Members of this forum Has Criticized This Stock. But This Stock Has Overcome All of Them. Some So Called IPO Gurus Who Didn''t applied in this IPO were Talking About Listing Near 1000 Rs. RIP To Those 🙏
253. IPO Mitr |   Link |Mar 26, 2021 1:04:17 PM
People who win in Stock market are the people who

- do not show off their gains
- do not shy away from admitting , accepting and learning from their failures.
- are not jealous of success of other people but keep analysing what others did better than they could.
- do not highlight failures of others but try learning from those.

Anyone who doesn''t do the above cannot balance their fear and greed which is the most basic for success in stock markets and which is also the most difficult thing to do.......

Hope all of us can co-exist harmoniously and continue to benefit from each other ( at least some way).
252. IPOANALYSIS |   Link |Mar 25, 2021 3:48:45 PM
Craftsman is dud stock. Many better opportunities in market. Jonlog itni praise Kar rahe hai ask them what return they are getting on allotment. Lol
Laxmi organic is looking good and is now at day high.
252.2. amit K singh |   Link |Mar 25, 2021 8:16:59 PM
IPO Mentor IPO Mentor (900+ Posts, 1500+ Likes)
Arun, instead of admitting your mistakes in craftsman ipo, you are showing your past history.. this ipo was a big avoid, you lost your money.. admit it as a mistake and move on.. no one has interest to know " I am so and so..", market will not understand any one''s history ...
252.3. arunARUN |   Link |Mar 26, 2021 11:28:04 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
@amit k Singh
You are right that market is not interested in history.
Relative performance by annual result day would prove whether i was mistaken or you were mistaken in taking this issue as big avoid
251. Akula PapaRao |   Link |Mar 25, 2021 11:05:13 PM
DII may buy
250. arunARUN |   Link |Mar 25, 2021 6:42:38 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Weighted average 1435. strong pickup from opening of 1350. large volume on listing day.
People should not sell at loss and wait for annual result which will be in public domain by May 31, 2021
249. Dinesh Parekh |   Link |Mar 25, 2021 11:41:09 AM
Buy craftsman for a target of a near term
249.1. FinancePreneur |   Link |Mar 25, 2021 3:45:49 PM
Its a good share. Someone who can held his head held high in the time when the market is always good
248. IPOANALYSIS |   Link |Mar 24, 2021 12:33:15 PM
Craftsmen listing around 1000. Fair value not more than 800 rs. Exit in preopen if get chance .
248.10. FinancePreneur |   Link |Mar 25, 2021 3:43:28 PM
Lol, down the drain ur advice.
248.11. FinancePreneur |   Link |Mar 25, 2021 3:44:55 PM
@Monster Zero.. agree. People think they can time the market, the market leaders are not here.. they are there in the market rolling the ball.
247. IPOANALYSIS |   Link |Mar 25, 2021 11:00:13 AM
Sell this on any little rise. Switch to better company with growth potential like Railtel from recent listed one
247.4. IPOANALYSIS |   Link |Mar 25, 2021 2:15:06 PM
Rocktrade subah listing price 1340 pe hui thi which was as predicted. I told to sell on rise as IPo day volatility is seen. People get a chance to exit at breakeven. Now see price again going down. U don''t worry it will test 1350 again .jab knowledge na ho toh chip Regina better hai.
247.5. FinancePreneur |   Link |Mar 25, 2021 3:42:56 PM
Railtel is a dud, every Govt company is a dud. Private operators can help make investors a lot of money as they can easily cook up books. The end goal for an investor is to make money.
246. FinancePreneur |   Link |Mar 25, 2021 3:41:22 PM
Markets trending low, Craftsman held up good. Decent IPO, much better than other cooked up books IPO. Will gain more in the coming days.
245. lekker |   Link |Mar 25, 2021 3:36:35 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
did not get any allotment in Laxmi Anupam both 0/9 but got in craftsman 1/1
will hold allotted lot for 5-6 months.
got 1/9 Nazara will see how it will list.

244. IPO Funda |   Link |Mar 25, 2021 1:10:30 PM
If on a low day at NSE when market is down the Craftsman has come upto its listed price then it may have listed on a little premium on a good day at NSE.
243. CSK |   Link |Mar 25, 2021 12:56:13 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
arunARUN thanks a lot. Good comments helped many people like me.
242. IPOmarket |   Link |Mar 25, 2021 11:30:41 AM
Craft man nears its cutoff price