Craftsman Automation IPO Live Subscription Status and Analyst Reviews

Live subscription status across each investor category and analyst recommendations
Craftsman Automation IPO Subscription

Craftsman Automation IPO Subscription Status: FINAL

Craftsman Automation Limited, incorporated in 1984, is a leading engineering organization that is engaged in manufacturing precision components. The company designs, develops and manufactures a wide range of engineering products and is one of the leading players in the machining of cylinder blocks and cylinder heads in the intermediate, medium and heavy commercial vehicles segment.

Investor CategoryQuotaSubscription
Institutional (QIB)50%5.21x
Non-Insti. (HNI)15%2.84x
Retail (RII)35%3.44x
Total Subscription100%3.82x

Craftsman Automation IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.00x0.56x5.21x
HNI0.09x0.19x2.84x
Retail1.06x2.11x3.44x
Total0.55x1.26x3.82x

Craftsman Automation IPO Subscription: Analyst Recommendations

CHOICE BROKING – AVOID [ Report ]

“While CAL maintains strong operating efficiency and has also an operating leverage advantage, we are concerned over high debt level and poor RoE. Further, the IPO issue consists a higher amount of OFS of Rs6,737 mn which also disappoints as contrary to this or higher fresh issue size can be utilized by the firm to reduce debt level significantly”

Prabhudas Lilladher – SUBSCRIBE FOR LONG TERM

“i) positive demand outlook on MHCV/tractor industry (that contributes over 70 percent of revenue pie), ii) healthy financial performance in tough times, iii) robust growth potential in auto aluminum as well as storage divisions and iv) expansion in ROCE led by lean capex and debt reduction plans”

LKP SECURITIES – SUBSCRIBE [ Report ]

ICICI Direct – Subscribe

Marwadi Financial Services – Subscribe

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Craftsman Automation IPO Subscription: Key IPO Details

TypeValue
Issue Size₹823.70 Cr
Open Date15/03/2021
Close Date17/03/2021
Face Value₹5/- per Equity Share
IPO Price₹1,488 – ₹1,490
Lot Size10 shares
LotsMin 1 – Max 13

Financials

201820192020 Mar2020 Dec
Revenue from Ops₹1,511.53 Cr₹1,818.01 Cr₹1,492.47 Cr₹1,022.78 Cr
Profit before Tax₹43.55 Cr₹139.98 Cr₹57.39 Cr₹75.93 Cr
Profit after Tax31.53 Cr₹97.37 Cr₹41.07 Cr₹50.66Cr
EPS (Basic)15.6748.3920.4125.18
As of March 2020EPSP/E (Floor)P/E (Cap)
Based on basic EPS20.4173.4073.00

Comparison with listed industry peers

CompanyP/E (Cap)
Craftsman Automation73.00
Sector Highest181.89
Sector Lowest17.40
Sector Average72.76

Craftsman Automation IPO Subscription – FAQs

1. How to apply for Craftsman Automation IPO in Retail Category?

A: An investor in retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Craftsman Automation IPO in HNI Category?

A: An investor can apply in HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospects (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP and DRHP

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