Started in 1986, Craftsman Automation Limited is a premier engineering organization engaged in manufacturing precision components. The company designs, develops and manufactures many engineering products. It is among the leading players in the machining of cylinder blocks for the tractor segment.
Craftsman Automation IPO will open on 15 Mar 2021. The initial public offering comprises a fresh issue of 1,006,711 shares by the firm and an OFS of 4,521,450 shares by promoters and investors of the firm.
The business operates the 3 major segments of the Automotive-Powertrain and Other, Automotive-Aluminum Products, and Industrial and Engineering Division, which covers construction material handling equipment ie hoists, industrial gear, marine engines, crane kits, gearboxes, locomotive equipment, storage Engaged in solutions. , etc.
Its main clients are Tata Motors, Daimler India, Tata Cummins, Mahindra & Mahindra, Royal Enfield, Siemens, Escorts, Ashok Leyland, VE Commercial Vehicles, TAFE Motors & Tractors.
Manufacturing Facilities
Craftsman automation operates and has 12 strategically located manufacturing facilities in seven cities in India with a total built-up area of 1.5 sq sq ft. Manufacturing facilities include aluminum casting, pressure die casting facilities, machining and allied facilities, heat treatment. Construction, and assembly facilities.
Strong in-house engineering and design capabilities enable them to offer comprehensive solutions and products to long-lasting marquee domestic and international customers in the regions in which they operate.
Subsidiary
They has a wholly owned foreign subsidiary established in 2008 in the Netherlands, Craftsman Europe BV (Formerly known as Craftsman Marine BV), through which they are engaged in marketing, selling and servicing marine locomotives and other associated equipment used in boats.
Table of Contents
Positive Points
- One of the leading engineering product manufacturer.
- Strategically located and vertically integrated manufacturing units.
- Good product design capabilities.
- Strong financial performance.
Promoters:
Srinivasan Ravi is the main promoter of the firm.
Financials Trends:
| Particulars (cr) | 6MFY21 | Mar-20 | Mar-19 | Mar-18 |
| Sales | 534 | 1,492 | 1,818 | 1,512 |
| Cost of Materials Consumed | 218 | 572 | 710 | 592 |
| Changes in Inventories | 11 | 15 | -7 | -16 |
| Employee Benefit Expenses | 57 | 171 | 217 | 199 |
| Other expenses | 102 | 337 | 455 | 411 |
| Operating Profit | 146 | 397 | 443 | 326 |
| OPM % | 27.34% | 26.61% | 24.37% | 21.56% |
| Other Income | 3 | 9 | 14 | 11 |
| Interest | 52 | 148 | 141 | 112 |
| Depreciation | 87 | 195 | 176 | 149 |
| Profit before tax | 10 | 57 | 140 | 44 |
| Net Profit | 7 | 41 | 97 | 32 |
| No. of shares | 2.01 | 2.01 | 2.01 | 0.10 |
| EPS in Rs | 3.46 | 20.41 | 48.39 | 15.67 |
Objective
The company aims to use the funds for the following purposes;
- Repayment / prepayment of the firm’s borrowings in whole or in part.
- To meet general corporate objectives.
Details
| IPO Opening Date | 15 Mar, 2021 |
| IPO Closing Date | 17 Mar, 2021 |
| Issue Type | Book Built |
| Face Value | 5 per share |
| IPO Price | 1488 to 1490 per share |
| Market Lot | 10 Shares |
| Min Order Quantity | 10 Shares |
| Listing At | BSE, NSE |
| Issue Size | 823.70 Cr |
| Fresh Issue | 1,006,711 Shares (150.00 Cr) |
| Offer for Sale | 4,521,450 Shares (673.70 Cr) |
Tentative Dates
| IPO Open Date | 15 Mar, 2021 |
| IPO Close Date | 17 Mar, 2021 |
| Basis of Allotment Date | 22 Mar, 2021 |
| Initiation of Refunds | 23 Mar, 2021 |
| Credit of Shares to Demat Account | 24 Mar, 2021 |
| IPO Listing Date | 25 Mar, 2021 |
IPO Lot Size
The Craftsman Automation IPO market lot size is 10 shares. A retail-individual investor can apply for up to 13 lots (130 shares).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10 | 14,900 |
| Maximum | 13 | 130 | 193,700 |
Promoter Holding
| Pre Issue Share Holding | 63.40% |
| Post Issue Share Holding | 59.76% |
Craftsman Automation IPO Prospectus
Contact Details
Senthel Towers, 4 th Floor, 1078,
Avanashi Road, Coimbatore 641 018
Phone: (91 422) 302 1000
Email: [email protected]
Website: http://www.craftsmanautomation.com/
Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in
Lead Manager(s)
- Axis Capital Limited
- IIFL Holdings Limited
Craftsman Automation IPO Opening Date?
Craftsman Automation IPO will open on 15 Mar, 2021, and the close date is Mar 17, 2021.
Craftsman Automation IPO listing Date?
The issue may list on Mar 25, 2021.
Craftsman Automation IPO Allotment Date?
Craftsman Automation IPO Allotment Date is 22 Mar 2021.
Craftsman Automation IPO GMP today?
Craftsman Automation IPO GMP today is INR 40.
Lot size for Craftsman Automation IPO?
Craftsman Automation IPO lot size is 10 Shares.
