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Craftsman Automation IPO is open for subscription between March 15 and 17. The price band is Rs 1,488 to 1,490 per share. The market lot is 10 shares. The shares will be allotted around March 22 and may get listed around March 25.

March 25: Listing Day

  • The shares of Craftsman Automation listed at Rs 1,350 per share on the BSE, a 9.6% discount from its issue price of Rs 1,490 per share.
  • On the NSE it listed at Rs 1,359 per share, an 8.8% discount.
  • The issue price of Craftsman Automation was Rs 1,490 per share.

March 17: Day 3

As of 7.00 p.m.

  • The Craftsman IPO was subscribed 3.81 times so far on day 3 of bidding.
  • The IPO received 1.47 crore shares as against an offer size of 38.69 lakh shares.

Subscription Status:

  • Retail investors: 3.43 times the reserved portion
  • Non-institutional investors (NII): 2.84 times the reserved portion
  • Qualified institutional buyers (QIB): 5.21 times the reserved portion

As of 5.20 p.m.

  • The Craftsman IPO was subscribed 3.8 times so far on day 3 of bidding.
  • The IPO received 1.47 crore shares as against an offer size of 38.69 lakh shares.

Subscription Status:

  • Retail investors: 3.41 times the reserved portion
  • Non-institutional investors (NII): 2.84 times the reserved portion
  • Qualified institutional buyers (QIB): 5.21 times the reserved portion

As of 3.50 p.m.

  • The Craftsman IPO was subscribed 3.65 times so far on day 3 of bidding.
  • The IPO received 1.41 crore shares as against an offer size of 38.69 lakh shares.

Subscription Status:

  • Retail investors: 3.3 times the reserved portion
  • Non-institutional investors (NII): 2.6 times the reserved portion
  • Qualified institutional buyers (QIB): 5 times the reserved portion

As of 1.20 p.m.

  • The Craftsman IPO was subscribed 1.55 times so far on day 3 of bidding.
  • The IPO received 59.94 lakh shares as against an offer size of 38.69 lakh shares.

Subscription Status:

  • Retail investors: 2.63 times the reserved portion
  • Non-institutional investors (NII): 0.34 times the reserved portion
  • Qualified institutional buyers (QIB): 0.57 times the reserved portion

As of 11.10 a.m.

  • The Craftsman IPO was subscribed 1.36 times so far on day 3 of bidding.
  • The IPO received 52.69 lakh shares as against an offer size of 38.69 lakh shares.

Subscription Status:

  • Retail investors: 2.31 times the reserved portion
  • Non-institutional investors (NII): 0.21 times the reserved portion
  • Qualified institutional buyers (QIB): 0.56 times the reserved portion

March 16: Day 2

As of 5.00 p.m.

  • The Craftsman IPO was subscribed 1.26 times on day 2 of bidding.
  • The IPO received 48.56 lakh shares as against an offer size of 38.69 lakh shares.

Subscription Status:

  • Retail investors: 2.11 times the reserved portion
  • Non-institutional investors (NII): 0.19 times the reserved portion
  • Qualified institutional buyers (QIB): 0.56 times the reserved portion

As of 3.30 p.m.

  • The Craftsman IPO was subscribed 1.01 times so far on day 2 of bidding.
  • The IPO received 39.22 lakh shares as against an offer size of 38.69 lakh shares.

Subscription Status:

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  • Retail investors: 1.64 times the reserved portion
  • Non-institutional investors (NII): 0.14 times the reserved portion
  • Qualified institutional buyers (QIB): 0.56 times the reserved portion

As of 1.50 p.m.

  • The Craftsman IPO was subscribed 0.92 times so far on day 2 of bidding.
  • The IPO received 35.66 lakh shares as against an offer size of 38.69 lakh shares.

Subscription Status:

  • Retail investors: 1.47 times the reserved portion
  • Non-institutional investors (NII): 0.12 times the reserved portion
  • Qualified institutional buyers (QIB): 0.56 times the reserved portion

As of 11.30 a.m.

  • The Craftsman IPO was subscribed 0.68 times so far on day 2 of bidding.
  • The IPO received 26.37 lakh shares as against an offer size of 38.69 lakh shares.

Subscription Status:

  • Retail investors: 1.32 times the reserved portion
  • Non-institutional investors (NII): 0.1 times the reserved portion
  • Qualified institutional buyers (QIB): Not bid yet

March 15: Day 1

As of 5.00 p.m.

  • The Craftsman IPO was subscribed 0.55 times on day 1 of bidding.
  • The IPO received 21.31 lakh shares as against an offer size of 38.69 lakh shares.

Subscription Status:

  • Retail investors: 1.06 times the reserved portion
  • Non-institutional investors (NII): 0.09 times the reserved portion
  • Qualified institutional buyers (QIB): Not bid yet

As of 3.44 p.m.

  • The Craftsman IPO was subscribed 0.42 times so far on day 1 of bidding.
  • The IPO received 16.21 lakh shares as against an offer size of 38.69 lakh shares.

Subscription Status:

  • Retail investors: 0.83 times the reserved portion
  • Non-institutional investors (NII): 0.03 times the reserved portion
  • Qualified institutional buyers (QIB): Not bid yet

As of 1.00 p.m.

  • The Craftsman IPO was subscribed 0.29 times so far on day 1 of bidding.
  • The IPO received 11.27 lakh shares as against an offer size of 38.69 lakh shares.

Subscription Status:

  • Retail investors: 0.57 times the reserved portion
  • Non-institutional investors (NII): 0.02 times the reserved portion
  • Qualified institutional buyers (QIB): Not bid yet

March 12: Funds Raised from Anchor Investors

Craftsman Automation raised around Rs 247 crores from 21 anchor investors on Friday (March 12). The company allocated 16.58 lakh shares to the anchor investors at Rs 1,490 per share.

The list of anchor investors include:

  • Tata Mutual Fund (MF)
  • HSBC Global Investment Funds
  • Aditya Birla Sunlife MF
  • Max Life Insurance Co Ltd
  • The Nomura Trust and Banking Co Ltd
  • Integrated Core Strategies Asia Pte Ltd.

About the Company

Craftsman Automation Ltd. is an engineering company with 3 broad segments:

  • Powertrain
  • Aluminium products
  • Industrial and engineering products

Craftsman Automation is the largest player in the machining of cylinder blocks and heads in the intermediate, medium, and heavy commercial vehicles segment.

Read More on Groww: Craftsman Automation Ltd.

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