Craftsman Automation IPO: Offer opening and closing date, share price band, lot size, minimum bid and more
Craftsman Automation IPO offer will close on March 17 2021.
Craftsman Automation IPO: Craftsman Automation Limited, a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely powertrain and other products for the automotive segment, aluminium products for the automotive segment, and industrial and engineering products segment will open the initial public offer (IPO) of equity shares of face value of ₹5 each on March 15 2021.
Craftsman Automation IPO offer will close on March 17 2021.
The price band of Craftsman Automation Offer has been fixed at Rs 1,488 to Rs 1,490 per Equity Share.
Bids can be made for a minimum of 10 Equity Shares and in multiples of 10 Equity Shares thereafter.
Craftsman Automation proposes to utilize the Net Proceeds which are being raised through the Fresh Issue towards (i) repayment/pre-payment, in full or part, of certain borrowings availed of by the Company to the extent of INR 1,200.00 mn; and (ii) for general corporate purpose for the balance portion.
Axis Capital Limited and IIFL Securities Limited are the Book Running Lead Managers to the issue.
The Equity Shares offered in Craftsman Automation offer are proposed to be listed at both BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”). For the purpose of the Offer, BSE is the Designated Stock Exchange
All Bidders, other than the Anchor Investors, are mandatorily required to participate in Craftsman Automation offer only through an Application Supported by Blocked Amount (“ASBA”) process, providing details of their respective bank accounts (including UPI ID for Retail Individual Investors using UPI Mechanism) in which the Bid amount will be blocked by the SCSBs or the Sponsor Bank. The Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.
Craftsman Automation IPO comprises of a fresh issue aggregating up to ₹1,500.00 million by the Company and an offer for sale of up to 4,521,450 Equity Shares comprising up to 130,640 Equity Shares by Srinivasan Ravi (the “Promoter Selling Shareholder”), up to 1,559,260 Equity Shares by Marina III (Singapore) PTE Limited (“Marina”) and up to 1,414,050 Equity Shares by International Finance Corporation (“IFC”) (Marina, together with IFC, the “Investor Selling Shareholders”), and up to 1,417,500 Equity Shares by K. Gomatheswaran (the “Individual Selling Shareholder”) (the Promoter Selling Shareholder, the Investor Selling Shareholders and the Individual Selling Shareholder, together, the “Selling Shareholders” and such equity shares offered by the selling shareholders, the “Offered Shares”).
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
PM Modi has invested in this post office scheme; know his total worth as per Lok Sabha elections 2024 affidavit
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
02:55 PM IST