Craftsman Automation IPO: Allotment of shares will happen next week, such status can be checked

Craftsman Automation IPO: Craftsman Automation’s IPO closes on March 17. Allotment of its shares may be finalized next month. This will be followed by a listing of shares. Craftsman Automation wants to raise Rs 824 crore from its issue. Its issue was subscribed 3.82 times till the last day.

Out of the Rs 824 crore issue, a fresh issue of Rs 150 crore was issued while shares worth Rs 674 crore have been issued in the offer for sale.

If you had also subscribed to the IPO of Craftsman Automation, then know how you can check these status.

The first is to click on the registrar’s website https://kcas.kfintech.com/ipostatus/.

After reaching the site, select IPO (Craftsman Automation).

If you select the application number, select NON-ASBA or ASBA and fill the application number, select NSDL / CDSL in DPID / Client ID case and enter DPID and Client ID, PAN cases. Enter PAN number.

After this enter the number given in green color just above the captcha box and click on submit button to know the IPO share allotment status.

Apart from this, you can also see the allotment status on the BSE website. Enter the issue type (equity) and issue name (MTAR Technologies Ltd), application number and PAN number and finally click on the search button to find the IPO allotment status.

Know every important thing related to this IPO

In this issue you will have to bid for at least 10 shares. Accordingly, for a lot, you have to invest a minimum of Rs 14,900.

50 per cent of the net issue is reserved for qualified institutional buyers (QIB), 15 per cent for non-institutional buyers and 35 per cent for the retail category.

The book running lead managers to the company’s issue are Axis Capital and IIFL Securities.

The registrar company for this issue is Link Intime India Private Limited.

The company’s shares will register on both BSE and NSE.

Craftsman Automation started in 1986 in Coimbatore, Tamil Nadu. It manufactures several other products for the automotive segment, including power trains. Apart from this, it also manufactures aluminum products for the industrial and engineering product segments.

In the nine months ended 31 December 2020, the company had a net profit of Rs 50.66 crore and revenue of Rs 1,022.79 crore.

Prior to the IPO, the company raised Rs 247.10 crore from anchor investors by selling 16,58,447 at Rs 1490 per share on Friday.

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