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.
Craftsman Automation IPO Subscription: End of Day Update
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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
Craftsman Automation IPO Subscription: Key IPO Details
|Issue Size||₹823.70 Cr|
|Face Value||₹5/- per Equity Share|
|IPO Price||₹1,488 – ₹1,490|
|Lot Size||10 shares|
|Lots||Min 1 – Max 13|
|2018||2019||2020 Mar||2020 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 Tax||₹31.53 Cr||₹97.37 Cr||₹41.07 Cr||₹50.66Cr|
|As of March 2020||EPS||P/E (Floor)||P/E (Cap)|
|Based on basic EPS||20.41||73.40||73.00|
Comparison with listed industry peers
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?