Craftsman Automation IPO listing date: No gain, share price debuts 9% below issue price of Rs 1490
Craftsman Automation IPO listing date: Craftsman Automation IPO got listed today on the exchanges without any listing gains. The stock opened weak on the exchanges today at Rs 1359, 9% below the issue price of Rs 1490. Since the company is sound fundamentally the share price saw an upward move after a weak opening. There is some buying in the counter after getting listed at a discount and the stock has recovered Rs 100 from the lows.
Craftsman Automation share price is Rs 1450, down Rs 40 or 2.7%. The market cap of the company is Rs 3060 cr. Craftsman Automation IPO was subscribed 3.82 times: Reuters