Craftsman Automation IPO Details
Craftsman 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). Â
Promoters of Craftsman Automation – Srinivasan RaviÂ
| 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) |
||||
| Â | 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]
Website: www.craftsmanautomation.com
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]
Website:Â http://www.linkintime.co.in
Valuation of Craftsman Automation (as of FY2020)
Earnings Per Share (EPS): INR20.41Â Â
Price/Earnings (PE ratio): 72.90 – 73.00
Return on Net Worth (RONW): 6.19%
Net Asset Value (NAV): INR329.73 per shareÂ
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 |
| Â | Â | Â | Â | Â |
| Total | 38,69,714 | 0.55 | 1.25 | 3.81 |
Craftsman Automation IPO: Avoid or Subscribe?
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SMC Global – 2.5/5
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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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