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Craftsman Automation IPO to launch today; check lot size, quota and important dates

Craftsman Automation IPO to launch today; check lot size, quota and important dates
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Craftsman Automation IPO to launch today; check lot size, quota and important dates

Craftsman Automation IPO to launch right now; check lot measurement, quota and important dates

IPO

The corporate has additionally determined to allocate 16,58,447 shares to 21 traders. The value per share is Rs 1,490, which quantities to Rs 247.10 crore

Craftsman Automation’s preliminary public providing (IPO) can be launching on 15 March. The scale of the IPO is Rs 824 crore with a suggestion of sale price Rs 674 crore (45.21 lakh shares) and fairness shares of Rs 150 crore. The IPO, which can be closing on 17 March, has a worth band per fairness share at Rs 1,488 to Rs 1,490.

Earlier than the launch, non-public traders equivalent to Marina III (Singapore) Pte Ltd and Worldwide Finance Company (IFC) together with Srinivasan Ravi and Ok Gomatheswaran are offloading their shares for offer-for-sale.

The corporate has additionally determined to allocate 16,58,447 shares to 21 traders. The value per share is Rs 1,490, which quantities to Rs 247.10 crore.

Forward of its launch, right here’s a take a look at the main points of the engineering firm’s IPO:

Lot measurement: The IPO can be accessible in lot sizes of 10 and the worth of per lot is Rs 14,900. One investor is allowed to apply for as many as 13 tons, which makes a complete of 130 shares. Which means that an investor can apply for 130 shares price Rs 1,93,700.

Quota: As a lot as 50 % of the problem is reserved for certified institutional patrons (QIBs). Retail traders can buy 35 % of the problem, whereas for non-institutional bidders, 15 % of the problem has been reserved.

Important dates: The launch date of the IPO is 15 March, and it closes on 17 March. The idea of allotment can be determined by 22 March and the refunds are anticipated by 23 March. The IPO itemizing is probably going to occur by 25 March.

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