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Craftsman IPO

Craftsman Automation

₹14,880 /10 sharesMinimum Investment

Craftsman IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
15 Mar '21 - 17 Mar '21₹14,88010₹1,488 - ₹1,490
Issue SizeIPO Doc
55.28L
RHP PDF

Subscription Status As on 17 Mar '21, 7:00 PM

  • Retail Individual Investor
    3.43x
  • Non-Institutional Investor
    2.84x
  • Qualified Institutional Buyers
    5.21x

About Craftsman

Craftsman Automation Limited is an engineering company having vertically-integrated manufacturing capabilities in three
Parent Organisation
Craftsman Automation
Founded
1986
Managing Director
Srinivasan Ravi

Strengths & Risks

  • Craftsman Automation Ltd. is a diversified engineering company with a focus on providing comprehensive solutions and manufacturing high quality, intricate and critical products, components and parts.
  • It is present across the entire value chain in the Automotive Aluminum Products segment.
  • It has a reasonable presence in the Powertrain segment for automobiles.
  • The company has strong and well-established relationships with several marquee domestic and global OEMs, component manufacturers and certain key customers.
  • The company owns and operates 12 strategically-located manufacturing facilities across seven cities in India, with a total built-up area of over 1.5 million sq. ft. equipped with advanced machinery.
  • The company has an inconsistent financial performance over the last few years. Apart from the impact of the pandemic, there has been a constant decline in the demand for automobiles leading to a drop in its revenues.
  • The company has a large long-term debt and tax liabilities.
  • It is also involved in certain legal proceedings amounting to Rs.21.24 crores.
  • Around 13% of its operating revenue is still trade receivables.

Financials

*All values are in Rs. Cr
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