Bookbuilding IPO | ₹824 Cr | Listed at BSE, NSE | Mon, Mar 15, 2021 - Wed, Mar 17, 2021
Craftsman Automation IPO is a book build issue of ₹823.70 crores. The issue is a combination of fresh issue of 0.10 crore shares aggregating to ₹150.00 crores and offer for sale of 0.45 crore shares aggregating to ₹673.70 crores.
Craftsman Automation IPO bidding started from Mar 15, 2021 and ended on Mar 17, 2021. The allotment for Craftsman Automation IPO was finalized on Mar 22, 2021. The shares got listed on BSE, NSE on Mar 25, 2021.
Craftsman Automation IPO price band is set at ₹1,490 per share. The lot size for an application is 10. The minimum amount of investment required by an retail is ₹14,900 (10 shares) (based on upper price). The lot size investment for sNII is 14 lots (140 shares), amounting to ₹2,08,600, and for bNII, it is 68 lots (680 shares), amounting to ₹10,13,200.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Craftsman Automation IPO RHP for detailed Information.
IPO Open
Mon, Mar 15, 2021
IPO Close
Wed, Mar 17, 2021
Issue Price
₹1490 per share
Market Cap (Pre-IPO)
₹3,148.12 Cr
| IPO Date | 15 to 17 Mar, 2021 |
| Listed on | Thu, Mar 25, 2021 |
| Face Value | ₹5 per share |
| Price Band | ₹1488 to ₹1490 |
| Issue Price | ₹1490 per share |
| Lot Size | 10 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 55,28,161 shares (agg. up to ₹824 Cr) |
| Fresh Issue | 10,06,711 shares (agg. up to ₹150 Cr) |
| Offer for Sale | 45,21,450 shares of ₹5 (agg. up to ₹674 Cr) |
| Share Holding Pre Issue | 2,01,21,600 shares |
| Share Holding Post Issue | 2,11,28,311 shares |
| BSE Script Code / NSE Symbol | 543276 / CRAFTSMAN |
| ISIN | INE00LO01017 |
Craftsman Automation IPO comprises a total issue size of 55,28,161 shares. Out of which, 27,64,079 (50.00%) are allocated to QIB, 8,29,225 (15.00%) allocated to NII 19,34,857 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 27,64,079 | 50.00% | NA |
| − Anchor Investor Shares Offered | 16,58,447 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 11,05,632 | 20.00% | NA |
| NII (HNI) Shares Offered | 8,29,225 | 15.00% | NA |
| Retail Shares Offered | 19,34,857 | 35.00% | 1,93,485 |
| Total Shares Offered | 55,28,161 | 100.00% |
Investors can bid for a minimum of 10 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹14,900 |
| Retail (Max) | 13 | 130 | ₹1,93,700 |
| S-HNI (Min) | 14 | 140 | ₹2,08,600 |
| S-HNI (Max) | 67 | 670 | ₹9,98,300 |
| B-HNI (Min) | 68 | 680 | ₹10,13,200 |
Craftsman Automation IPO raises ₹247.11 crore from anchor investors. Craftsman Automation IPO Anchor bid date is March 12, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Mar 12, 2021 |
| Shares Offered | 16,58,447 |
| Anchor Portion (₹ Cr.) | 247.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Apr 21, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jun 20, 2021 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or part, of certain borrowings availed of by our Company | 120.00 |
| 2 | General corporate purposes | 20.84 |
The Craftsman Automation IPO is subscribed 3.82 times on March 17, 2021 6:49:00 AM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 5.21 | 11,05,632 | 57,62,030 |
| NII | 2.84 | 8,29,225 | 23,52,680 |
| Retail | 3.44 | 19,34,857 | 66,49,490 |
| Total | 3.82 | 38,69,714 | 1,47,64,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including underwriting commission, brokerage and selling commission payable to members of the syndicate) | 24.45 |
| 2 | Selling commission and processing fees for SCSBs (1)(2) and bidding/ uploading charges(3)(4)for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 6.59 |
| 3 | Fees payable to theRegistrar to the Offer | 0.22 |
| 4 | Listing fees, SEBI filing fees, book building software fees and other regulatory expenses | 4.49 |
| 5 | Printing and stationery expenses, advertising and marketing expenses for the Offer and fees payable to the legal counsels | 5.25 |
| 6 | Other advisors to the Offer | 1.98 |
| 7 | Miscellaneous | 3.81 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,490.00 | ₹1,490.00 |
| Open | ₹1,350.00 | ₹1,359.00 |
| Low | ₹1,349.20 | ₹1,350.00 |
| High | ₹1,489.00 | ₹1,490.00 |
| Last Trade | ₹1,433.00 | ₹1,435.60 |
Lead Manager Reports
Craftsman Automation IPO is a main-board IPO of 55,28,161 equity shares of the face value of ₹5 aggregating up to ₹824 Crores. The issue is priced at ₹1490 per share. The minimum order quantity is 10.
The IPO opens on Mon, Mar 15, 2021, and closes on Wed, Mar 17, 2021.
MUFG Intime India Pvt.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 Mon, Mar 15, 2021 and closes on Wed, Mar 17, 2021.
Craftsman Automation IPO lot size is 10, and the minimum amount required for application is ₹14,900.
You can apply in Craftsman Automation IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Wed, Mar 24, 2021. Check the Craftsman Automation IPO allotment status.
The Craftsman Automation IPO listing date is on Thu, Mar 25, 2021.
