Craftsman Automation IPO, which was subscribed 3.81 occasions, will finalise the share allocation on Monday, March 22, 2021. The Rs 824-crore public challenge was sold in a value band of Rs 1,488-1,490 per share. Once the basis of allotment of funds is accomplished, funds will be unblocked from the ASBA account on March 23 and equity shares will be credited to the demat accounts of allottees on March 24, 2021. The firm is most likely to make its stock marketplace debut on March 25, according to RHP. In the grey marketplace on Monday, Craftsman Automation shares had been trading at Rs 1,530, implying a premium of Rs 40 or 2.6 per cent more than the IPO value.
Craftsman Automation public offer you received bids for 1.47 crore shares as compared to 38.69 lakh shares on offer you. The category for certified institutional purchasers (QIBs) was subscribed 5.21 occasions, non-institutional investors 2.84 occasions and retail person investors (RIIs) 3.43 occasions. Investors can verify their subscription status in Craftsman Automation by means of the Link Intime India site and BSE, when the basis of share allotment is completed. Link Intime India is the registrar to Craftsman Automation IPO, a SEBI-registered entity that requires care of the IPO allotment and refund approach.
How to verify Craftsman Automation share allotment status by way of Link Intime India’s site
To verify the share allotment status, pick the firm name as ‘Craftsman Automation Ltd — IPO’ from the drop-down list on the Link Intime India site. Check box either PAN, Application Number or Depository/Client ID. Accordingly, enter the permanent account quantity or Application Number or Depository/Client ID in the box. Enter the offered captcha in the supplied space and click the submit button. This will show the quantity of shares that have been applied and allotted to the investor.
Check Craftsman Automation share allotment status by way of BSE site
Another way to verify the allotment status in Craftsman Automation Ltd is by means of the BSE site (https://www.bseindia.com/investors/appli_check.aspx). Select the challenge sort as ‘equity’, and the challenge name as ‘Craftsman Automation Ltd’ from the drop-down list. After that enter the application quantity and PAN (permanent account quantity). In the final step, click on the search tab to view the status particulars.
Craftsman Automation Ltd is a diversified engineering firm with vertically integrated manufacturing capabilities, engaged in 3 organization segments — Automotive-powertrain and other items, Automotive- Aluminium items, and Industrial and engineering items segment. Analysts at Geojit Financial Services had mentioned that the government’s ‘Make in India’ initiative and other regulatory and policy supports with properly-established relationships with domestic and worldwide OEMs will be positive for the firm. While the important dangers involve greater capital expenditure arising due to technological modifications like electrical cars, and regulatory and policy modifications.