Craftsman Automation IPO

Craftsman Automation IPO Details and Analysis

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Craftsman Automation IPO will open for subscription from 15 March 2021. craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities.

Also read: IPO List 2021: a complete list of IPOs in 2021

Craftsman Automation Limited

Incorporated in 1986, 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-Powertrain 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.

Objectives of the Issue

  • To make repayment/pre-payment of company’s borrowing fully or partially.
  • To meet general corporate purposes.

Competitive Strengths

  • Strategically located and vertically integrated manufacturing facilities.
  • Robust financial performance.
  • Leading engineering product manufacturer.
  • Strong product design capabilities.

Basic details about the company

Full nameCraftsman Automation Limited
SectorCapital Goods
IndustryEngineering-Industrial equipments

Dates to remember

IPO Opening date15 March 2021
IPO Closing date17 March 2021
Basis of Allotment date22 March 2021
Initiation of Refunds23 March 2021
Credit to Demat Account24 March 2021
 Listing Date25 March 2021

IPO details

Issue typeBook Built Issue
IPO issue size₹823.70 Crore
Number of shares offered5,528,161 shares
Face value₹5 per equity share
Price band₹1488 to ₹1490 per equity share
Retail portion35%
Lot size10 Shares
Minimum application1 Lot-10 Share
Maximum application13 Lot-130 share
Minimum application amount₹14,900
maximum application amount₹193,700
Listing ExchangeBSE & NSE

Financial summary

Craftsman Automation’s financial performance (in INR crore)
 FY2018FY2019FY2020H1 FY2021
Net income25.687.841.75.6
Net margin (%)

Valuation of Craftsman Automation (as of FY2020)

Earnings Per Share (EPS)₹20.41
Price/Earnings (PE ratio)72.90 – 73.00
Return on Net Worth (RONW)6.19%
Net Asset Value (NAV)₹329.73 per share (as of 30 Sep 2019)

Company Promoters

  • Srinivasan Ravi

Lead Managers

  • Axis Capital Ltd
  • IIFL Securities Ltd

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

Craftsman Automation Contact Details

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

Craftsman Automation IPO Allotment Status

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

Final thoughts

Craftsman Automation IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.

Happy Investing

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