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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
| 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 | |
The company purposes to utilize funds towards the following objectives;
| 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 Issue | 1,006,711 shares of ₹5 (aggregating up to ₹150.00 Cr) |
| Offer for Sale | 4,521,450 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 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 |
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 |
| Pre Issue Share Holding | 63.40% |
| Post Issue Share Holding | 59.76% |
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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 5.21 |
| NII | 2.84 |
| Retail | 3.44 |
| Total | 3.82 |
| Listing Date | Thursday, March 25, 2021 |
| BSE Script Code | 543276 |
| NSE Symbol | CRAFTSMAN |
| Listing In | B Group of Securities |
| ISIN | INE00LO01017 |
| IPO Price | ₹1490 per share |
| Face Value | ₹5 per share |
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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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: craftsman.ipo@linkintime.co.in
Website: https://linkintime.co.in/
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
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.
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