Issuer

Craftsman Automation IPO

IPO Date: 15th - 17th March 2021

Price Band

₹1488 to ₹1490 Per Equity Share

Issue Size

₹823.70 Cr

Face Value

₹5 Per Equity Share

Market Lot

10 Shares

About Craftsman Automation IPO

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

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 Date Mar 15, 2021
IPO Closing Date Mar 17, 2021
Issue Type Book Built Issue IPO
Face Value ₹5 per equity share
IPO Price ₹1488 to ₹1490 per equity share
Market Lot 10 Shares
Min Orher Quantity 10 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹5 (aggregating up to ₹823.70 Cr)
Fresh Issue 1,006,711 Eq Shares of ₹5 (aggregating up to ₹150.00 Cr)
Offer for Sale 4,521,450 Eq Shares of ₹5 (aggregating up to ₹673.70 Cr)

Craftsman Automation IPO FAQs

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.
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 10 Shares.
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.
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.
The Craftsman Automation IPO listing date is not yet announced. The tentative date of Craftsman Automation IPO listing is Mar 25, 2021.

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