Everything You Need to Know About Craftsman Automation IPO

Craftsman Automation is launching its IPO. The Rs. 825 crores public offering comprises a fresh issue of 10 lakh shares aggregating upto Rs. 150 crores and offer for sale of 45 lakh shares aggregating upto Rs. 675 crores. For more information, you can read the IPO Prospectus filed by the company.

About the company

Craftsman Automation is a leading engineering company engaged in manufacturing precision components. The company operates in three business segments such as the Automotive Powertrain, Automotive Aluminum Products, and Industrial & Engineering.

Catering to the likes of Daimler India, Tata Motors, Tata Cummins, Mahindra & Mahindra, Escorts, Ashok Leyland, Perkins, Mitsubishi Heavy Industries, John Deere, JCB India, TVS Motors, Royal Enfield, and Siemens amongst others. Craftsman Automation is the largest player involved in the machining of cylinder blocks and cylinder heads in the intermediate, medium and heavy commercial vehicles segment as well as in the construction equipment industry in India and is one of the top component players with respect to the machining of cylinder block for the tractor segment in India.

Financial Year Ended Revenue (₹ crores) PAT (₹ crores) EPS (₹)
March 2018 1,522.86 31.534 15.67
March 2019 1,831.64 97.367 48.39
March 2020 1,501.06 41.073 20.41
Nine months ended December 2020 1,029.91 50.66 25.18

Tentative Timetable

Event Date
Issue Period 15th March 2021 - 17th March 2021
Price Range ₹ 1488 - 1490
Minimum Bid Quantity 10 and in multiples thereof
Finalisation of Allotment 22nd March 2021
Initiation of Refunds 23rd March 2021
Credit of Shares 24th March 2021
Listing Date 25th March 2021

How do I apply to the Craftsman Automation IPO?

You can apply for the Craftsman Automation IPO using any supported UPI app by following two steps:

  • Enter your bid on Console

  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

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