Craftsman Automation IPO Details

Craftsman Automation IPOCraftsman Automation IPO description – Craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments:

  • Automotive – Powertrain
  • Automotive – Aluminium
  • Industrial and Engineering

The company is the largest player involved in the machining of cylinder blocks and cylinder heads in the intermediate, medium and heavy commercial vehicles segment as well as in the construction equipment industry in India. It is among the top three-four component players with respect to machining of cylinder block for the tractor segment in India. In the Automotive-Aluminium Products segment, the company offers solutions include design, process engineering and manufacturing including foundry, heat treatment, fabrication, machining and assembly facilities. Within the Industrial and Engineering segment, Craftsman Automation offers storage solutions such as pallets, racking, shelving, vertical storage solutions and makes aluminium products for power transmission, high-end precision products and undertake sub-assembly, material handling equipment such as hoists, crane kits and industrial gears, manufacture gear and gear boxes, marine engines and accessories, and special purpose machines (SPM).  

Promoters of Craftsman Automation – Srinivasan Ravi 
Craftsman Automation IPO details
Subscription Dates 15 – 17 March 2021
Price Band INR1488 – 1490 per share
Fresh issue INR150 crore
Offer For Sale 4,521,450 shares (INR672.79 – 673.70 crore)   
Total IPO size INR822.79 – 823.7 crore
Minimum bid (lot size) 10 shares
Face Value  INR5 per share
Retail Allocation 35%
Listing On NSE, BSE

Craftsman Automation’s financial performance (in INR crore)

  FY2018 FY2019 FY2020 9M FY2021
Revenue 1,522.9 1,831.6 1,501.1 1,029.9
Expenses 1,479.6 1,692.1 1,437.9 954.1
Net income 25.6 87.8 41.7 52.7
Net margin (%) 1.7 4.8 2.8 5.1

Craftsman Automation Contact Details

Craftsman Automation Limited
Senthel Towers, IV Floor,
1078, Avanashi Road,
Coimbatore 641 018
Phone: +91 422 716 5000
Email: [email protected]

Registrar of Craftsman Automation IPO

Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]

Valuation of Craftsman Automation (as of FY2020)

Earnings Per Share (EPS): INR20.41  
Price/Earnings (PE ratio): 72.90 – 73.00
Return on Net Worth (RONW): 6.19%
Net Asset Value (NAV): INR329.73 per share 

Craftsman Automation IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 11,05,632 0.00 0.56 5.21
NII 8,29,225 0.09 0.19 2.84
Retail 19,34,857 1.07 2.11 3.41
Total 38,69,714 0.55 1.25 3.81

Craftsman Automation IPO: Avoid or Subscribe?

Ajcon Global – Subscribe for Listing Gains
Angel Broking – Neutral
BP Wealth –  Avoid
Choice Broking – Avoid
Elite Wealth – Subscribe
Geojit – Subscribe
ICICIdirect – Subscribe
KR Choksey – Subscribe
LKP Securities – Subscribe
Marwadi Financial Services – Subscribe
Samco Securities – Subscribe for listing gains
SMC Global –  2.5/5
Ventura Securities – Subscribe

Craftsman Automation IPO Allotment Status

Craftsman Automation IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

Listing Performance of Craftsman Automation

IPO Opening Date: 15 March 2021
IPO Closing Date: 17 March 2021
Finalisation of Basis of Allotment: 22 March 2021
Initiation of refunds: 23 March 2021
Transfer of shares to demat accounts: 24 March 2021
Listing Date: 25 March 2021
Opening Price on NSE: INR1,359 per share (down 8.79% from IPO price)
Closing Price on NSE: INR1,435.6 per share (down 3.65% from IPO price)


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