Craftsman Automation Limited

Craftsman Automation Limited IPO Review

Craftsman Automation is a broadened designing organization with in an upward direction incorporated assembling abilities, occupied with three business fragments:

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

 

The organization is the biggest player engaged with the machining of chamber squares and chamber heads in the middle, medium and weighty business vehicles section just as in the development gear industry in India. It is among the main three-four part players as for machining of chamber block for the farm vehicle portion in India. In the Automotive-Aluminum Products section, the organization offers arrangements incorporate plan, measure designing and assembling including foundry, heat treatment, manufacture, machining and get together offices. Inside the Industrial and Engineering section, Craftsman Automation offers stockpiling arrangements like beds, racking, racking, vertical stockpiling arrangements and makes aluminum items for power transmission, very good quality accuracy items and embrace sub-get together, material dealing with hardware like derricks, crane units and mechanical pinion wheels, make stuff and stuff boxes, marine motors and adornments, and unique reason machines (SPM).

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

 

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

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

Listing Performance of Craftsman Automation Limited IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

Craftsman Automation Limited

Mar 25, 2021

1490

1433

-3.83

NSE : CRAFTSMAN

BSE : 543276

ISIN CODE : INE00LO01017

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

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)

Craftsman Automation Limited

Senthel Towers, IV Floor,

1078, Avanashi Road,

Coimbatore 641 018

Phone: +91 422 716 5000

Email: investor@craftsmanautomation.com

Website: www.craftsmanautomation.com

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: craftsman.ipo@linkintime.co.in

Website: http://www.linkintime.co.in

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 Limited IPO FAQ's

Craftsman Automation IPO is a main-board IPO of [.] equity shares of the face value of ₹5 aggregating up to ₹823.70 Crores. The issue is priced at ₹1488 to ₹1490 per equity share. The minimum order quantity is 10 Shares.The initial public offering (IPO) begins on Mar 15, 2021,,and ends on Mar 17, 2021.The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.

The Craftsman Automation IPO opens on Mar 15, 2021 and closes on Mar 17, 2021.

Craftsman Automation IPO lot size is 10 Shares and the minimum order quantity is 10 Shares.

 Craftsman Automation IPO  can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

The finalization of 22, 2021, and the allotted shares will be credited to your demat account by Mar 24, 2021. Check the Craftsman Automation IPO allotment status.

The Craftsman Automation IPO listing date is on Thursday, March 25, 2021.

Craftsman Automation Limited IPO Comments