Craftsman Automation was incorporated in the year 1986 as a small scale industry in the southern Indian city of Coimbatore, it has grown to become a leader in precision manufacturing in diverse fields. The years of experience they have in the field of Engineering has strengthen their commitment, determined customer focus, culture of quality, and unique emphasis on social responsibility. The business operates 3 key segments such as Automotive-Powertrain and others, Automotive-Aluminium Products, and Industrial and Engineering division that is engaged in manufacturing material handling equipment i.e. hoists, industrial gears, marine engines, crane kits, gearboxes, locomotive equipment, storage solutions, etc. They have strategically located manufacturing units in automotive hubs in India to enable “Just-in-time” delivery schedules.
Points to note before investing in Craftsman Automation IPO
Company Strengths
Obtained ISO 9001: 2000 and ISO/TS 16949:2002 registration certification
Certified for International quality management systems
Strong product design capabilities
Strong financial performance
Company Strategies
Strategically located and vertically integrated manufacturing facilities
Leading engineering product manufacturer
They actively pursue cross selling opportunities across segments to derive value for existing and prospective customers.
Craftsman Automation IPO Details
IPO Opening Date
| March 15, 2021
|
IPO Closing Date
| March 17, 2021
|
Issue Type
| Book Built Issue IPO
|
Face Value
| ₹5 per equity share
|
IPO Price
| ₹1488 to ₹1490 per equity share
|
Market Lot
| 10 Shares
|
Min Order Quantity
| 10 Shares
|
Listing At
| BSE, NSE
|
Allotment , Listing and Refunds details
IPO Open Date
| March 15, 2021
|
IPO Close Date
| March 17, 2021
|
Basis of Allotment Date
| March 22, 2021
|
Initiation of Refunds
| March 23, 2021
|
Credit of Shares to Demat Account
| March 24, 2021
|
IPO Listing Date
| March 25, 2021
|
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