Craftsman Automation Limited IPO Message Board (Page 11)

Latest GMP plz

Why are the subscription numbers so low? Investors reserving for other IPOs in line?

To
Ipo gurus
Pls review this ipo
What do
Apply or not?
Possible 10 to 20% listing gain?

Inhone hi lootna hai sara dhan....raato raat amir hona hai ;)

🌟IPO Update

🔸Easemy Trip IPO
GMP : 165-170Rs. Per Share
Date of Allotment: 17th March

🔸Anupam Rasayan IPO
Dates: 12-16 March 2021
GMP: 152-155Rs. Per Share

🔸Laxmi Organics IPO
Dates: 15-17 March 2021
GMP: 85-87Rs. Per Share

🔸Craftsman Automation IPO
Dates: 15-17 March 2021
GMP : NIL

🔸Kalyan Jewellers IPO
Dates: 16-18 March 2021
GMP : 5-7Rs. Per Share

🔸Nazara Tech IPO
Dates: 17-19 March 2021
GMP : 775-780 Rs. Per Share

🔸Suryoday SFB :
Dates: 17-19 March 2021
GMP : 28-30Rs. Per share

PE - 59
Price to Book - 4.3x

---- Valuations(w/ assumptions) ----
Valuation with DCF = Rs.1338
Valuation with EPS growth(w/o Margin of Safety)
=> If PE is 59 = Rs.1057
=> if PE is 35 = Rs.627

---- Reason for Listing ----
- Repayment of Debt => Out of 985Cr debt, 120Cr will be repaid
- General corporate purposes => not more than 25% of fresh issue(15Cr)

---- Business ----
- Manufacturers in the below segments
=> Automotive powertrain and other components
=> Automotive Aluminium products - cylinder blocks and die casting machines to manufacture components
=> Industrial Engineering Solutions - Gearboxes, Sheet metal fabrication, Aluminium products for power transmission, Storage solutions for FMCG, the E-commerce industry
- Design, engineer and manufacture foundry, fabrication, machining, assembly facilities
- Export of Sales & Services of Marine engine and the components with help of Subsidiary in Europe

---- Comments ----
- Indian automobile sales market expected to grow at CAGR 5% or lower in the next 4yrs
- Indian automobile parts production expected to grow at CAGR 6%-8% in the next 4yrs
- The segments that craftsman are in have projection growth of CAGR less than 8% or lower
- Powertrain customers: Daimler, Ashok Leyland, Tata Motors, Mahindra, TAFE, JohnDeere etc...
- Aluminium components customers - Daimler, TVS, Mahindra, Royal Enfield etc...
- top 10 customers contribute to 50% of operations revenue
- 12 manufacturing units across seven cities
- 5% of revenue is from Storage solutions which were made possible by the new unit in Pune built in 2019
- Revenue split across segments
=> Automotive PowerTrain - 50%
=> Automotive Aluminium products - 20%
=> Industrial Engineering solutions - 30%
- Out of total sales, 89% is domestic and 11% is from exports of Automotive Powertrain and Industrial and Engineering Solutions
- Only 12% of debt is repaid with the money raised
- Free Cash is flow is good and improving
- Current & quick ratio is less and a worry
- ROE and ROCE is decent and shows stability

---- Litigations ----
- A small land dispute case pending
- Outstanding Stamp duty fee
- Failure in providing compensation to the employee
- Rs.19.3Cr outstanding tax due
- Rs.300Cr outstanding to Material & other creditors

Thank you for the details

It would be very helpful if you keep on posting for every IPO.
Thanks in advance.

Good morning to all.

Finally a Rainy IPO season is starting from today.
I hope a decent listing gain will be there in all IPOs.
My priority list-

1. Laxmi organic
2. Nazara technology
3. Anupam Rasayan
4. Craftsman
5. Kalyan jewellers

Wishing a fruitful Month end to all of us.

Thanks.

Hello Ankit sir,thanks for your recommendations however can you please provide your suggestions on MTAR IPO sell or hold on listing?

@ Aniketiaf sir
Fruitful Month end started from today ( MTAR listing )

Which are better from the upcoming 6 IPO''''s
I have money for only 3 IPO
Totally confused 😕
Experts please suggest

Thanks in advance

@ Anurag Godha ji

1. Laxmi Organics
2.anupam Rasayan
3.Nazara Tech

1. Laxmi
2. Nazara
3. Craftsman

Which one is better in terms of Listing gains :-
Anupam Rasayan
Or
Craftsman Automation

Anupam Rasayan

ANUPAM RASAYAN
FILL ANUPAM RASAYAN WITH FULL FORCE
U CAN AVOID CRAFTSMAN

Quick Heal Buyback

Buyback Type:       Tender Offer
Buyback Offer Amount:      Rs 155 Cr
Buyback Offer Size:       Around 25%
CMP. 204
Buyback Price:       245

Expected ER - Around 20%
Expected AR- Around 50%

I will consider to add some qty at CMP despite a horrible experience in previous Quick Heal Buyback (2019)
Thanks.

Amit K Singh ji, I wish to purchase some shares @ Rs.190/- and some shares @ Rs.185/-, if available before Record Date. Of course, as you mentioned, it may be risky play taking in to consideration the 2019 horrible experience as referred to by Sri Aniket. Let us wait, watch and then act accordingly. Sir, what do you say?

Had I placed order in BSE instead of NSE for Rs.190/- today, my order would have been executed. Tomorrow I will try.

Itne sare IPO me 2-3 le doobenge sabko... apply with caution.

Gmp starts with 430 on 10 March.
Then 170-180.
Now Today @ 100.

In the recent IPO has anyone got 3rd party SBI ASBA allotment from Linkintime?

Yes, 2 Allotments in railtail

Thank you all for your response.

Applied 1 lot. Seems retailers prefer chemicals than this. Will apply for Nazara. Will shun Kalyan.

Priority on the Basis of Listing Gain plus chances of allotment:
1️⃣Laxmi Organic IPO (GMP 85-88)
2️⃣Anupam Rasayan IPO (GMP 145-150)
3️⃣Nazara Technology IPO (GMP 750-775)
Chances of allotment in Nazara Technology is very less.
Approx. 40k lots are available for Retailers in Nazara Tech IPO
So the Over- Subscription will be more than 60X.

Go for
1)laxmi
2)Nazara(very less chances of allo
tment only 10% retail)
3)craftsman(going to be dark horse very good chances of allotment may list around 2000 very low equity base)
4)survoday
5)Anupam costly compared to peers
6)Kalyan(avoid)

Dear All IPO Gurus,

Kindly Share Your Suggestions To Apply For All The IPOs...

Anupam
Craftsman
Laxmi
Kalyan
Nazara
Suryoday..

Gmp of Craftsman is 170 - 175 ..
10 to 15 % listing gain possible..
But still wait and watch for last day subscription data..after decide..

Anchor list

https://www.bseindia.com/markets/MarketInfo/DispNoticesNCirculars.aspx?page=20210312-51

whenever IPO comes with reasonable P/E mutual funds shows more interest.

Looking at anchor list , I will consider to apply after seeing last day subscription at 2 pm...

IPO should maintain Social destancing for better subscribtion figures।

Yes but they don''t have choice now....March ending 😄