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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 ₹1490.00 per share . The lot size for an application is 10. The minimum amount of investment required by an retail is ₹14,880 (10 shares). 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 Date | March 15, 2021 to March 17, 2021 |
| Listing Date | March 25, 2021 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹1488 to ₹1490 per share |
| Issue Price Final | ₹1490 per share |
| Lot Size | 10 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 55,28,161 shares (aggregating up to ₹823.70 Cr) |
| Fresh Issue | 10,06,711 shares (aggregating up to ₹150.00 Cr) |
| Offer for Sale | 45,21,450 shares of ₹5 (aggregating up to ₹673.70 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,01,21,600 shares |
| Share Holding Post Issue | 2,11,28,311 shares |
Craftsman Automation IPO offers total 55,28,161 shares. Out of which 27,64,079 (50.00%) allocated to QIB, 11,05,632 (20.00%) allocated to QIB, 8,29,225 (15.00%) allocated to NII, 19,34,857 (35.00%) allocated to RII and 16,58,447 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Craftsman Automation IPO opens on March 15, 2021, and closes on March 17, 2021.
| IPO Open Date | Mon, Mar 15, 2021 |
| IPO Close Date | Wed, Mar 17, 2021 |
| Tentative Allotment | Mon, Mar 22, 2021 |
| Initiation of Refunds | Tue, Mar 23, 2021 |
| Credit of Shares to Demat | Wed, Mar 24, 2021 |
| Tentative Listing Date | Thu, Mar 25, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 17, 2021 |
Investors can bid for a minimum of 10 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Craftsman Automation IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or part, of certain borrowings availed of by our Company | 120.00 |
| 2 | General corporate purposes | 20.84 |
[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...
| Listing Date | March 25, 2021 |
| BSE Script Code | 543276 |
| NSE Symbol | CRAFTSMAN |
| ISIN | INE00LO01017 |
| Final Issue Price | ₹1490 per share |
| BSE Listing Group | B |
Craftsman Automation Ltd.
Senthel Towers, 4 th Floor, 1078,
Avanashi Road, Coimbatore 641 018
Coimbatore, Tamil Nadu
Phone: (91 422) 302 1000
Email: investor@craftsmanautomation.com
Website: http://www.craftsmanautomation.com/
MUFG Intime India Pvt.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 55,28,161 equity shares of the face value of ₹5 aggregating up to ₹823.70 Crores. The issue is priced at ₹1490 per share. The minimum order quantity is 10.
The IPO opens on March 15, 2021, and closes on March 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 March 15, 2021 and closes on March 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 Wednesday, March 24, 2021. Check the Craftsman Automation IPO allotment status.
The Craftsman Automation IPO listing date is on Thursday, March 25, 2021.
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