Home>IPO>Craftsman Automation

Craftsman IPO

Craftsman Automation

₹14,880 /10 sharesMinimum Investment

IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
15 Mar - 17 Mar ‘21₹14,88010₹1,488 - ₹1,490
Issue SizeIPO Doc
55.28 Lac
RHP PDFopen_in_new

Subscription Rate As on 17th Mar 2021, 7:00 PM

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

About Company

Craftsman Automation Limited is an engineering company having vertically-integrated manufacturing capabilities in three broad segments: *Powertrain and other products for the automotive segment; *Aluminum products for the automotive segment; and *Industrial and engineering products segment 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.
... Read More
Parent Organisation
Craftsman Automation
Founded
1986
Managing Director
Srinivasan Ravi

Strengths & Risks

  • add
    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.
  • add
    It is present across the entire value chain in the Automotive Aluminum Products segment.
  • add
    It has a reasonable presence in the Powertrain segment for automobiles.
  • add
    The company has strong and well-established relationships with several marquee domestic and global OEMs, component manufacturers and certain key customers.
  • add
    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.
  • remove
    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.
  • remove
    The company has a large long-term debt and tax liabilities.
  • remove
    It is also involved in certain legal proceedings amounting to Rs.21.24 crores.
  • remove
    Around 13% of its operating revenue is still trade receivables.

Financials

*All values are in Rs. Cr
No Graph Data To Display
ⓒ 2016-2021 Groww. All rights reserved, Built with in India
ABOUT GROWW
keyboard_arrow_down
arrow_drop_down_circle