Craftsman Automation Limited
IPO Details
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Lot Distribution
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Company Fin.
₹30(2.01%)
Premium (ELP)
Following its successful public offering, Craftsman Automation Limited's made its market debut on Mar 25, 2021 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 55,28,161 Shares in total capital, including 10,06,711 Shares in primary equity infusion and ₹674.00 Cr in secondary share sales.
The offering was structured with a price band of ₹1,488 to ₹1,490 and minimum investment lots of 10 shares. Investor participation during the subscription window from Mar 15, 2021 to Mar 17, 2021 demonstrated market confidence in the company's prospects.
The allotment process concluded on Mar 22, 2021, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Craftsman Automation Ltd, incorporated in 1986, is a leading engineering company specializing in manufacturing precision components. The company designs, develops, and produces a wide range of engineering products and is a prominent player in machining cylinder blocks for the tractor segment. Its operations are divided into three key segments: Automotive – Powertrain and others, Automotive – Aluminium Products, and Industrial & Engineering, which focuses on material handling equipment such as hoists, industrial gears, marine engines, crane kits, gearboxes, locomotive equipment, and storage solutions. Craftsman Automation owns 12 state-of-the-art manufacturing facilities across seven cities in India and serves marquee clients including Tata Motors, Daimler India, Tata Cummins, Mahindra & Mahindra, Royal Enfield, Siemens, Escorts, Ashok Leyland, VE Commercial Vehicles, and TAFE Motors & Tractors.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Precision Manufacturing Capability: Specializes in engineering and precision components with advanced manufacturing expertise.
- Diversified Industry Presence: Serves automotive, industrial, and engineering sectors, reducing reliance on a single segment.
- Established Customer Relationships: Long-term partnerships with major clients support stable demand and repeat business.
- Dependence on Industrial Demand Cycles: Business performance is influenced by automotive and manufacturing sector trends.
- Raw Material Cost Sensitivity: Fluctuations in metal and input prices can impact profitability.
- Capital Intensive Operations: Requires continuous investment in machinery, technology, and production capacity expansion.
- Srinivasan Ravi
Craftsman Automation Limited
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