Craftsman Automation Limited IPO – Review Details of Company

Craftsman Automation Limited IPO Information

Craftsman Automation Limited IPO Information

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-Power train 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 ofCraftsman Automation Ltd

  1. Leading engineering product manufacturer.
  2. Strategically located and vertically integrated manufacturing facilities.
  3. Strong product design capabilities.
  4. Robust financial performance.

Company PromotersofCraftsman Automation Ltd

Srinivasan Ravi is the promoter of the company.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in millions)
31-Dec-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 22,462.93 23,031.36 23,253.98 19,994.34
Total Revenue 10,299.08 15,010.57 18,316.43 15,228.62
Profit After Tax 506.60 410.73 973.67 315.34
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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.

Craftsman Automation 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 to ₹1490 per equity share
  • Market Lot 10 Shares
  • Min Order Quantity 10 Shares
  • Listing At BSE, NSE

Craftsman Automation IPO Lot Size

The Craftsman Automation IPO market lot size is 10 shares. A retail-individual investor can apply for up to 13 lots (130 shares or ₹193,700).

ApplicationLotsSharesAmount (Cut-off)
Minimum110₹14,900
Maximum13130₹193,700

Craftsman Automation IPO Promoter Holding

Pre Issue Share Holding63.40%
Post Issue Share Holding59.76%

Craftsman Automation IPO listing date?

Thetentative date of Craftsman Automation IPO listing is Mar 25, 2021.

How to apply in Craftsman Automation IPO through Zerodha?

Zerodha customers can apply online in Craftsman Automation IPO using UPI as a payment gateway.

Zerodha customers can apply in Craftsman Automation IPO by login into Zerodha Console (back office) and submitting an IPO application form.

lot size of Craftsman Automation IPO?

Craftsman Automation IPOlot size is 10 Sharesand theminimum order quantity is 10 Shares.

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


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

CRAFTSMAN

CRAFTSMAN

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