Automobile components manufacturer Craftsman Automation has completed its ₹824 crores initial public offering (IPO). The company’s IPO received a decent response from investors and was subscribed 3.82 times.
Craftsman Automation started the journey in the year 1986 as a small-scale industry in the southern Indian city of Coimbatore has grown to become a leader in precision manufacturing in diverse fields. It has vertically integrated manufacturing capabilities and primarily caters to three business verticals – automotive-powertrain, automotive-aluminum, and industrial & engineering.
Craftsman Automation has an impressive list of clients that includes companies like Daimler India, Tata Motors, Ashok Leyland, Mahindra & Mahindra, Escorts, John Deere, JCB India, TVS Motors, Royal Enfield among others.
Headquartered in Coimbatore, the company has satellite units across India namely Pune, Faridabad, Pithampur, Jamshedpur, Bengaluru, Sriperumbudur, and Chennai.
The Craftsman Automation IPO allotment status is scheduled to be announced today, March 22.
How to check Status: Craftsman Automation
Registrar’s website
- Access the registrar’s website at https://linkintime.co.in/MIPO/Ipoallotment.html
- Select ‘Craftsman Automation -IPO’ in the dropdown menu
- Enter either PAN, Application Number, or DP Client ID
- Click on the ‘Search’ button
BSE website
- Access the BSE website on https://www.bseindia.com/investors/appli_check.aspx
- Select ‘equity’ in issue type and issue name as Craftsman Automation in the dropdown menu
- Enter the ‘application number and PAN number
- Click on the ‘Search’ button
The listing date for the allotted shares of Craftsman Automation has not been announced. It is expected that the shares will be listed on March 25.
