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Craftsman Automation IPO to launch as we speak; check lot measurement, quota and important dates – Business News , Firstpost



The firm has additionally determined to allocate 16,58,447 shares to 21 buyers. The worth per share is Rs 1,490, which quantities to Rs 247.10 crore

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

Before the launch, personal buyers similar to Marina III (Singapore) Pte Ltd and International Finance Corporation (IFC) together with Srinivasan Ravi and Ok Gomatheswaran are offloading their shares for provide-for-sale.

The firm has additionally determined to allocate 16,58,447 shares to 21 buyers. The worth per share is Rs 1,490, which quantities to Rs 247.10 crore.

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

Lot measurement: The IPO might be out there in lot sizes of 10 and the value of per lot is Rs 14,900. One investor is allowed to apply for as many as 13 heaps, which makes a complete of 130 shares. This implies that an investor can apply for 130 shares value Rs 1,93,700.

Quota: As a lot as 50 % of the problem is reserved for certified institutional patrons (QIBs). Retail buyers 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 foundation of allotment might 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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