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 name | Craftsman Automation Limited |
| Sector | Capital Goods |
| Industry | Engineering-Industrial equipments |
| Company Website | www.craftsmanautomation.com |
Dates to remember
| IPO Opening date | 15 March 2021 |
| IPO Closing date | 17 March 2021 |
| Basis of Allotment date | 22 March 2021 |
| Initiation of Refunds | 23 March 2021 |
| Credit to Demat Account | 24 March 2021 |
| Listing Date | 25 March 2021 |
IPO details
| Issue type | Book Built Issue |
| IPO issue size | ₹823.70 Crore |
| Number of shares offered | 5,528,161 shares |
| Face value | ₹5 per equity share |
| Price band | ₹1488 to ₹1490 per equity share |
| Retail portion | 35% |
| Lot size | 10 Shares |
| Minimum application | 1 Lot-10 Share |
| Maximum application | 13 Lot-130 share |
| Minimum application amount | ₹14,900 |
| maximum application amount | ₹193,700 |
| Listing Exchange | BSE & NSE |
Financial summary
| Craftsman Automation’s financial performance (in INR crore) | ||||
| FY2018 | FY2019 | FY2020 | H1 FY2021 | |
| Revenue | 1,522.9 | 1,831.6 | 1,501.1 | 536.5 |
| Expenses | 1,479.6 | 1,692.1 | 1,437.9 | 526.1 |
| Net income | 25.6 | 87.8 | 41.7 | 5.6 |
| Net margin (%) | 1.7 | 4.8 | 2.8 | 1.0 |
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
Email: craftsman.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Craftsman Automation Contact Details
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
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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