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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.
| IPO Date | March 15, 2021 to March 17, 2021 |
| Listing Date | March 25, 2021 |
| Face Value | ₹5 per share |
| Price Band | ₹1488 to ₹1490 per share |
| Lot Size | 10 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹823.70 Cr) |
| Fresh Issue | 1,006,711 shares (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 |
| Share holding pre issue | 20,121,600 |
| Share holding post issue | 21,128,311 |
Craftsman Automation IPO offers 3,869,714 shares. 1,105,632 (28.57%) to QIB, 829,225 (21.43%) to NII, 1,934,857 (50.00%) to RII. 193,485 RIIs will receive minimum 10 shares and (sNII) and (bNII) will receive minimum 140 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,105,632 (28.57%) | NA |
| NII (HNI) Shares Offered | 829,225 (21.43%) | |
| Retail Shares Offered | 1,934,857 (50.00%) | 193,485 |
| Total Shares Offered | 3,869,714 (100%) |
Craftsman Automation IPO opens on March 15, 2021, and closes on March 17, 2021.
| IPO Open Date | Monday, March 15, 2021 |
| IPO Close Date | Wednesday, March 17, 2021 |
| Basis of Allotment | Monday, March 22, 2021 |
| Initiation of Refunds | Tuesday, March 23, 2021 |
| Credit of Shares to Demat | Wednesday, March 24, 2021 |
| Listing Date | Thursday, March 25, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 17, 2021 |
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 (Min) | 1 | 10 | ₹14,900 |
| Retail (Max) | 13 | 130 | ₹193,700 |
| Lot Size Calculator | |||
Srinivasan Ravi is the promoter of the company.
| Share Holding Pre Issue | 63.40% |
| Share Holding Post Issue | 59.76% |
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;
[Dilip Davda] 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 March 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 | March 25, 2021 |
| BSE Script Code | 543276 |
| NSE Symbol | CRAFTSMAN |
| ISIN | INE00LO01017 |
| Final Issue Price | ₹1490 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹1,490.00 |
| ₹1,350.00 |
| ₹1,349.20 |
| ₹1,489.00 |
| ₹1,433.00 |
| NSE |
|---|
| ₹1,490.00 |
| ₹1,359.00 |
| ₹1,350.00 |
| ₹1,490.00 |
| ₹1,435.60 |
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/initial_offer/public-issues.html
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 March 15, 2021, and closes on March 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 March 15, 2021 and closes on March 17, 2021.
Craftsman Automation IPO lot size is 10 Shares, and the minimum amount required is ₹14,900.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Craftsman Automation IPO will be done on Monday, March 22, 2021, and the allotted shares will be credited to your demat account by Wednesday, March 24, 2021. Check the Craftsman Automation IPO allotment status.
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