Craftsman Automation Limited IPO

Craftman Automation IPO
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Craftsman Automation Ltd is a diversified engineering company with integrated production capabilities.

Craftsman Automation operates in three business categories, namely powertrain and other automotive products (“Automotive – Powertrain and Others”), automotive aluminum products (“Automotive – Aluminum Products”), and industrial and engineering products (“Industrial” And Engineering”).

Craftsman Automation is the largest player involved in the use of cylinder blocks and cylinder heads in the middle, middle and heavy commercial vehicles and in the hardware industry in India.

Craftsman Automation is among the top three and four component players in terms of making cement block equipment for tractor part in India.

Craftsman Automation is present in the whole price range in the Moto-Aluminum Products category, offering a variety of products and solutions.

Craftsman Automation has a strong capacity to assist with engineering and construction internally by providing comprehensive solutions and products to our standing customers at home and abroad in each phase where the company operates.

The company has 12 state-of-the-art production facilities in seven Indian cities. Its customer base includes Tata Motors, Daimler India, Tata Cummins, Mahindra and Mahindra, Royal Enfield, Siemens, Escorts, Ashok Leyland, VE Commercial Vehicles, TAFE Motors & Tractors, etc.

CRAFTMAN AUTOMATION IPO

Competitive Strengths

  • Leading engineering product manufacturer.
  • Areas carefully crafted and integrated look.
  • The ability to design a powerful product.
  • Strong financial performance.

Company Promoters

Srinivasan Ravi is the promoter of the company.

Company Financials

ParticularsFor the year/period ended (₹ in millions)
30-Sep-2031-Mar-2031-Mar-1931-Mar-18
Total Assets21,681.8523,031.3623,253.9819,994.34
Total Revenue5,365.2015,010.5718,316.4315,228.62
Profit After Tax69.66410.73973.67315.34

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.
Craftman Automation Issue Of The Object.

Craftsman Automation IPO Details

IPO Opening Date15 MAR, 2021
IPO Closing Date17 MAR, 2021
Issue TypeBook Built Issue IPO
Issue Size₹ 823.70 Cr.
Face Value₹5 per Equity Share
IPO Price[1488] to [1490] per equity share
Market Lot10 Shares
Min Order Quantity10 Shares
Listing AtBSE, NSE
Total Share Issue55,28,161 Equity Share

Craftsman Automation IPO – Schedule

IPO Open Date15 MAR, 2021
IPO Close Date17 MAR, 2021
Finalization of Basis of Allotment22 MAR, 2021
Initiation of Refunds23 MAR, 2021
Credit of Shares to Demat Account24 MAR, 2021
IPO Listing Date25 MAR, 2021

Craftsman Automation IPO Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum11014,900
Maximum131301,93,700

Craftsman Automation IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

How To Apply For Craftsman IPO

Apply For Craftsman IPO Through ASBA

First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.

You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.

All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.

The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.

Now, most of you are probably thinking about how to use the Craftman Automation IPO with ASBA. The process can be completed online or offline for your convenience.

Apart from this, you can also bid for an Craftman Automation IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)

Company Contact Information

Craftsman Automation Limited
Senthel Towers, 4 th Floor, 1078,
Avanashi Road, Coimbatore 641 018

Phone: (91 422) 302 1000
Email: investor@craftsmanautomation.com
Websitehttp://www.craftsmanautomation.com/

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