Craftsman Automation IPO is a leading engineering organization that is engaged in manufacturing precision components and is all set to make a debut in the stock market with an issue size of 823.7 Cr.
Craftsman Automation IPO –Overview
|Craftsman Automation IPO Issue Date||15-17 March 2021|
|Craftsman Automation IPO Opening Date||15 March 2021|
|Craftsman Automation IPO Face Value||INR 5 per share|
|Craftsman Automation IPO Price||INR 1490 per share|
|Craftsman Automation IPO Lot Size||10 Shares|
|Issue Size||823.70 Cr|
|Offer for sale||673.70 Cr|
|Issue Type||Book built Issue IPO|
|Listing At||BSE, NSE|
|QIB Shares Offered||5.21 times|
|NII (HNI) Shares||2.84 times|
|Company Promoters||Srinivasan Ravi is the promoter of the company.|
Craftsman Automation IPO -Tentative Dates.
|Craftsman Automation IPO opening date||15 March 2021|
|Craftsman Automation IPO closing date||17 March 2021|
|Basis of Allotment||22 March 2021|
|Initiation of Refunds||23 March 2021|
|The credit of Shares to Demat||24 March 2021|
|Craftsman Automation IPO Listing Date||25 March 2021|
Craftsman Automation IPO – Industry Overview.
Between fiscal 2015 and fiscal 2020, domestic CV sales logged a 3.2% CAGR. In fact, over fiscals 2015-2019, the CAGR was 13% due to a sharp 16% CAGR in the medium and heavy commercial vehicles (M&HCV) segment and 14% in light commercial vehicle (LCV). Over the last five years, sales of buses, on the other hand, saw a tepid 3.1% CAGR. Sales volume in the past has been volatile due to various factors such as government policies, lower industrial production, a fall in agricultural output, and a declining share of the road in goods transportation that increased transporters’ cost of operations and profitability.
M&HCV volume declined during the economic slowdowns of fiscal 2009 and 2014, after which there was a gradual recovery, in line with economic growth. In fiscal 2017, CV sales saw a 7% rise on year from April-October. However, after demonetization (November 2016), a cash crunch in the economy negatively impacted industrial output and slowed sales growth. However, in fiscal 2018, commercial vehicle sales witnessed a strong recovery and grew by a healthy 20%. The growth continued in fiscal 2019 supported by a sharp rise in LCV sales and continued growth in M&HCVs. In fiscal 2020, the industry witnessed a sharp decline on a high base due to inventory adjustment on account of the BS-VI transition.
Craftsman Automation IPO – Company Overview
Craftsman Automation Ltd is a leading engineering organization that is engaged in manufacturing precision components. The company designs, develops, and manufactures a range of engineering products. It is one of the leading players in the machining of cylinder blocks for the tractor segment.
The business operates 3 key segments namely Automotive-Powertrain and others, Automotive-Aluminum 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.
The company owns 12 state-of-the-art manufacturing facilities across 7 cities of India. Its customer base includes Tata Motors, Daimler India, Tata Cummins, Mahindra & Mahindra, Royal Enfield, Siemens, Escorts, Ashok Leyland, VE Commercial Vehicles, TAFE Motors & Tractors, etc.
Craftsman Automation IPO -Objectives
- To make repayment/pre-payment of company’s borrowing fully or partially.
- To meet general corporate purposes.
Craftsman Automation IPO – Financial Statements
|Profit After Tax||506.60||410.73||973.67|
Craftsman Automation IPO – Strengths
- Leading engineering product manufacturer.
- Strategically located and vertically integrated manufacturing facilities.
- Strong product design capabilities.
- Robust financial performance.
Craftsman Automation IPO- Weakness
- The Group companies of Automation limited have booked losses in the last three fiscals.
Company Contact Information
Craftsman Automation Limited
Senthel Towers, 4 th Floor, 1078,
Avanashi Road, Coimbatore 641 018
Phone: (91 422) 302 1000
Craftsman Automation IPO Registrar