Business Standard

Craftsman Automation Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

823.70 cr

Price Range (₹)

1490

Lot Size

10

Min Investment (₹)

14,900.00

Listing Exchange

MumbaiNSE

Open Date

15-Mar-2021

Close Date

17-Mar-2021

Listing Date

25-Mar-2021

Craftsman Automation Ltd News

    The Shares of Craftsman Automation Ltd have now been listed.

    Craftsman Automation Ltd IPO Details

    Initial public offering of 5,528,161 equity shares of face value of Rs. 5 each (The Equity Shares) of Craftsman Automation Limited (The Company or The Issuer) for cash at a price of Rs. 1490 per equity share (Including a share premium of Rs. 1485 per equity share) (The Offer Price) aggregating to Rs. 823.70 crores (The Offer) comprising a fresh issue of 1,006,711 equity shares aggregating to Rs. 150.00 crores by the company (The Fresh Issue) and an offer for sale of 4,521,450 equity shares comprising 130,640 equity shares by Srinivasan Ravi (The Promoter Selling Shareholder), 1,559,260 equity shares by Marina III (Singapore) PTE Limited (Marina) and 1,414,050 equity shares by International Finance Corporation (IFC) (Marina, together with IFC, The Investor Selling Shareholders) and 1,417,500 equity shares by K. Gomatheswaran (The Individual Selling Shareholders) (The Promoter Selling Shareholder, The investor selling shareholders and the individual selling shareholder, Together, The Selling Shareholders and such Equity shares offered by the selling shareholders, The Offered shares) aggregating up to Rs. 673.70 crores (The Offer for Sale).The Issue Price 1490 per Equity Share of the face value of Rs. 5 each.The Issue Price is 298.00 times the face value of the Equity Shares.

    Objective of issue

    Repayment/pre-payment, in full or part, of certain borrowings availed by the company. General Corporate Purposes.

    Craftsman Automation Ltd Contact Details

    Craftsman Automation Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - investor@craftsmanautomation.com

    Website - www.craftsmanautomation.com