Craftsman Automation was incorporated on July 18, 1986. Craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely powertrain and other products for the automotive segment, aluminium products for the automotive segment, and industrial and engineering products segment.
| Bidding Dates |
|---|
| 15 Mar 2021 - 17 Mar 2021 |
| Subscription |
|---|
| 3.82x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,900 | 1 | 13 | 10 | 5.5 M | ₹1488 - ₹1490 | 73.84 % | ₹8225.9 M - ₹8237.0 M | RHP DOC |
Craftsman Automation IPO SUBSCRIPTION STATUS
17 Mar '21Craftsman Automation IPO overall subscription rate was 3.82 times the total available shares
Craftsman Automation IPO retail subscription rate was 3.44 times in the retail segment
Craftsman Automation IPO non-institutional investor subscription rate was 2.84 times in the non-institutional investor category
Craftsman Automation IPO Qualified Institutional Bidder subscription rate was 5.21 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
17 Mar 2021 (Day 3) | 3.44x | 2.84x | 5.21x |
16 Mar 2021 (Day 2) | 2.11x | 0.19x | 0.56x |
15 Mar 2021 (Day 1) | 1.06x | 0.09x | 0x |
Craftsman Automation FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| 9MFY21 | 506.6 | 10,227.9 | 2,420.6 | 1,957.4 | |
| FY20 | 410.7 | 14,924.7 | 3,053.7 | 1,680.9 | 27.0% |
| FY19 | 973.7 | 18,180.1 | 3,600.0 | 48.1 | 23.0% |
| FY18 | 315.3 | 15,115.3 | 2,827.0 | 746.2 | 19.0% |
Craftsman Automation IPO SUBSCRIPTION STATUS DETAILS
Craftsman Automation had 5.5 M shares on offer
Craftsman Automation IPO offer price was in the range ₹1488 - ₹1490
Craftsman Automation IPO minimum Investment was ₹14900
Craftsman Automation IPO issue size was ₹ 8225.9 M - ₹ 8237.0 M
Craftsman Automation had a minimum lot size of 10 Shares per application
Craftsman Automation NUMBER OF SHARES ON OFFER
Craftsman Automation IPO IMPORTANT DATES
| Issue Open Date | 15 Mar 2021 |
| Issue close Date | 17 Mar 2021 |
| Allotment Date | 22 Mar 2021 |
| Refund Date | 23 Mar 2021 |
| Demat Account Credit Date | 24 Mar 2021 |
| Listing Date | 25 Mar 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Craftsman Automation Allotment Status | Exchange |
Craftsman Automation IPO subscription opened on 15 Mar 2021, and closed on 17 Mar 2021
IPO allotment for Craftsman Automation was finalized on Monday, 22 Mar 2021
IPO listing for Craftsman Automation was on NSE and BSE on Thursday, 25 Mar 2021
Craftsman Automation IPO LISTING GAINS
| Issue Price (adjusted) | 1490.0 |
| Listing Open Price | 1440.0 |
| Listing Close Price | 1433.0 |
| Listing Gain% | -3.4% |
| Current Gain% | 603.6% |
Craftsman Automation Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Craftsman Automation Ltd. | 10483 | 22148.8 | 59 | 0.5 | 3.1 | 11.8 | 4.3 | 8130.6 | 42.3 | 384 | 97.4 | 177.8 | 120.4 |
| Samvardhana Motherson International Ltd. | 168.5 | 177842.4 | 40.6 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 42950 | 126685.7 | 45.7 | 1.2 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 940.2 | 37.6 |
| UNO Minda Ltd. | 1285 | 74204.5 | 61.7 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2772 | 53658.2 | 84.3 | -16 | 2.3 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 818 | 51009.7 | 73.3 | 3.8 | 10.3 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
Craftsman Automation INFORMATION ON IPO ISSUE
About Craftsman Automation
Craftsman Automation was incorporated on July 18, 1986. Craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely powertrain and other products for the automotive segment, aluminium products for the automotive segment, and industrial and engineering products segment.
Object of the Issue
1. To make reapayment/pre-payment of company's borrowing fully or partially.
2. To meet general corporate purposes.
Craftsman Automation - PROMOTERS
| Name |
|---|
| Srinivasan Ravi |
Craftsman Automation Book Running Lead Managers
Axis CapitalLimited
cal.ipo@axiscap.in
IIFL Securities Limited
craftsman.ipo@iiflcap.com
Craftsman Automation Registrar to the Offer
Link Intime India Private Limited
craftsman.ipo@linkintime.co.in
Craftsman Automation Strengths
Leading manufacturer
The company is a leading engineering product manufacturer
Strategically located
Strategically located and vertically integrated manufacturing facilities
Product design
The company has strong product design capabilities
Financial performance
Robust financial performance
Craftsman Automation Risks
Decline in demand
There has been a significant decline in automobile sales even prior to COVID-19 and the company is not certain that the sales will recover even after the impact of COVID-19 is over
Incurred losses in the past
Group companies have incurred losses in the last three Fiscals
Competitive business
The company operates in a competitive business environment
IPO FAQs
This IPO consists of an offer for sale of up to Rs 673.7 crore, of 4,521,450 shares. It also consists of a fresh issue of Rs 150.0 crore.
The promoter of the company is Srinivasan Ravi .
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 1488.0 - 1490.0.
The IPO application opens on Mar 15, 2021 and closes on Mar 17, 2021.
The minimum lot size for the IPO is 10. The maximum lot size for the IPO is 130.
For all category investors, the minimum application amount for this IPO is Rs. 14,900.0, the maximum value for this IPO is Rs 193,700.0.
This IPO will be allotted on Mar 22, 2021.
The refund will be credited to your account on Mar 23, 2021.
The allotted shares will be credited to your demat on Mar 24, 2021.
Craftsman Automation Ltd.’s shares listed on the stock exchanges on Mar 25, 2021.