Craftsman Automation Limited IPO Detail
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.
Company Promoters
Srinivasan Ravi is the promoter of the company.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 - 1490 per equity share |
| Market Lot | 10 Shares |
| Min Order Quantity | 10 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹823.70 Cr |
| Fresh Issue | 1,006,711 Eq Shares of ₹5 (aggregating up to ₹150.00 Cr) |
| Offer for Sale | ₹673.70 Cr |
| Retail Portion | - |
IPO Tentative Timetable
The Craftsman Automation Limited IPO open date is Mar 15, 2021, and the close date is Mar 17, 2021. The issue may list on Mar 25, 2021.
| IPO Open Date | Mar 15, 2021 |
| IPO Close Date | Mar 17, 2021 |
| Basis of Allotment Date | Mar 22, 2021 |
| Initiation of Refunds | Mar 23, 2021 |
| Credit of Shares to Demat Account | Mar 24, 2021 |
| IPO Listing Date | Mar 25, 2021 |
IPO Lot Size
The Craftsman Automation Limited IPO market lot size is 10 shares. A retail-individual investor can apply for up to 13 lots (130 shares or ₹193700).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10 | ₹14900 |
| Maximum | 13 | 130 | ₹193700 |
IPO Promoter Holding
| Pre Issue Share Holding | 63.40% |
| Post Issue Share Holding | 59.76% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-20 | 22,462.93 | 10,299.08 | 506.60 |
| 31-Mar-20 | 23,031.36 | 15,010.57 | 410.73 |
| 31-Mar-19 | 23,253.98 | 18,316.43 | 973.67 |
| 31-Mar-18 | 19,994.34 | 15,228.62 | 315.34 |
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.
