Craftsman Automation Restricted, a diversified engineering firm primarily based in Tamil Nadu, will probably be open for subscription on March 15, 2021. The supply worth vary is Rs 1,488-1,490 per piece. The supply will shut on March 17, 2021.
The corporate will difficulty an IPO of Rs 150 crore and a proposal to promote 45,21,450 fairness shares by present shareholders. As much as 1,30,640 shares will probably be provided by Srinivasan Ravi, which is the promoter-seller shareholder. In the meantime, traders Marina III (Singapore) Pte Restricted and Worldwide Finance Company will respectively promote 15.59,260 shares and 14.14,050 shares. Particular person shareholder Okay Gomatheswaran may even promote 14 17,500 shares via OFS.
The corporate will use funds web of recent points for debt compensation and basic functions. The corporate has a debt of Rs 120 crore, based on the DRHP.
Buyers can bid for at least 10 shares and in multiples of 10 thereafter.
The overall earnings of the corporate for the 12 months ending March 31, 2020 was Rs 1,501 crore and for March 31, 2019 was Rs 1,831.6 crore. Being a capital intensive enterprise, the corporate has expanded and modernized its present manufacturing amenities. For 2020, 2019 and 2018 funds, the capital expenditure of the corporate was Rs 120.6 crore, Rs 455.9 crore and Rs 181.1 crore, respectively, which was 8.39%, 26.95% and 12.24% of their whole bills for the respective durations.
Axis Capital Restricted and IIFL Securities Restricted are the lead executing officers of the problem.
The corporate exports merchandise to greater than 20 international locations in North America, South America, Europe and Asia.