Craftsman Automation IPO: Dates, ₹823.7 cr and 9% debut

What happened on listing day

Craftsman Automation shares made a weak debut on the stock exchanges on Thursday, 25 March 2021, listing below the IPO issue price of ₹1,490. On the BSE, the stock was reported to have listed at ₹1,350 per share, a 9.40% discount to the offer price. On the NSE, it opened at ₹1,359, down 8.79% compared to the issue price. During the first hour of trade, the scrip was reported to have trimmed some losses, but it remained below the issue price. Intraday highs were cited at ₹1,487.80 on BSE and ₹1,488.50 on NSE. Intraday lows were cited at ₹1,349.20 on BSE and ₹1,350.00 on NSE. Some datasets also captured a listing price of ₹1,433 against the offer price of ₹1,490, reflecting variations in reported snapshots.

IPO schedule: open, close, allotment, listing

Bidding for the Craftsman Automation IPO opened on Monday, 15 March 2021, and closed on Wednesday, 17 March 2021. The basis of allotment was finalised on 22 March 2021, as mentioned in the provided details. The listing followed on Thursday, 25 March 2021, on both BSE and NSE. The issue was positioned as a main-board IPO. The timeline is consistent across multiple references in the provided text. One section also noted refund dates as 23 March 2021. Investors were directed to check allotment status through the registrar, Link Intime India Private Limited.

Price band and issue price

The IPO was offered through a book-building process with a price band of ₹1,488 to ₹1,490 per share. The issue price was fixed at ₹1,490 per share, and the company raised money at the upper end of the band. The equity shares had a face value of ₹5 each. The offer price included a share premium of ₹1,485 per equity share. The document also stated that the issue price was 298.00 times the face value of the equity shares. These details frame the valuation context that was referenced as being linked to the IPO valuation multiple cited in the RHP.

Issue size and structure

Craftsman Automation’s IPO aggregated to ₹823.70 crore (also rounded to ₹824 crore in some references). The offering comprised 5,528,161 equity shares in total. It included a fresh issue of 1,006,711 equity shares aggregating to ₹150.00 crore and an offer for sale (OFS) of 4,521,450 equity shares aggregating to ₹673.70 crore. The OFS was attributed to multiple selling shareholders as per the provided text. These included 130,640 shares by promoter selling shareholder Srinivasan Ravi; 1,559,260 shares by Marina III (Singapore) PTE Limited; 1,414,050 shares by International Finance Corporation (IFC); and 1,417,500 shares by K. Gomatheswaran. The structure clearly split primary capital raising (fresh issue) from secondary sales (OFS).

Anchor allocation mentioned ahead of the offer

Ahead of the IPO, the company was reported to have finalised allocation of 1,658,447 shares to anchor investors on 12 March 2021. The anchor allocation price was stated as ₹1,490 per share. The anchor portion was reported to aggregate to ₹247.10 crore. This anchor allocation sits alongside the main bidding window of 15-17 March 2021. The inclusion of anchor investors is common in book-built main-board offerings and is typically completed just before the issue opens.

Subscription: demand during the offer period

The IPO was reported to have been subscribed 3.82 times during the share sale window of 15-17 March. Another line described the issue as having met “good demand” during the offer period, while also noting that it received “mere 3.82 times subscription” in the same price band. These descriptions reflect differing editorial characterisations of the same subscription figure, but the numeric subscription multiple cited is 3.82x. The demand level is important context for how the market received the IPO relative to its pricing. The text also noted that the IPO was deemed “aggressively priced,” which was presented as a factor in market commentary around the offer.

Quick facts table

Market moves reported at listing

The reported opening prints highlighted a discount listing relative to the issue price. On BSE, the listing price of ₹1,350 was cited as a fall of 9.40% from ₹1,490, while the NSE opening of ₹1,359 was cited as down 8.79%. Despite the weak start, the stock was reported to have moved closer to the issue price in the first hour, reaching intraday highs of ₹1,487.80 (BSE) and ₹1,488.50 (NSE). The intraday lows mentioned were ₹1,349.20 on BSE and ₹1,350.00 on NSE. Separately, the text also stated: “The current market price of Craftsman Automation is 7102.50,” and another data snapshot cited a market price of ₹4,075.05 along with “173.49%,” without additional context on the date of that snapshot.

Company and investor information included in the filing

The provided details listed the company’s contact address as: Craftsman Automation Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083. The phone number was stated as +91-22-49186000 and fax as +91-22-49186060. The investor email mentioned was investor@craftsmanautomation.com. These details are typically included to support shareholder communication and disclosures. They also help investors locate official channels for post-IPO queries. For allotment checks, the registrar referenced was Link Intime India Private Limited.

Why these IPO details matter for investors

For IPO investors, the sequence of dates from bidding to allotment to listing determines when funds are blocked, when refunds are processed, and when trading begins. In this case, the offer period ran 15-17 March 2021, allotment was finalised on 22 March, and listing took place on 25 March. The pricing was fixed at the top end of the band at ₹1,490, with the offer aggregating to ₹823.70 crore and comprising both fresh issue and OFS components. The subscription figure of 3.82x provides a measurable indicator of demand during the book-building window. Finally, the listing discount of about 9% on BSE and about 8.8% on NSE, as reported, shows how the market initially valued the stock once it moved from primary issuance to secondary trading.

Conclusion

Craftsman Automation’s ₹823.70 crore book-built IPO opened on 15 March 2021, closed on 17 March, and listed on 25 March 2021 on BSE and NSE. The issue was priced at ₹1,490 within a ₹1,488-₹1,490 band, and was reported to have been subscribed 3.82 times. On debut, the stock was reported to have listed at a discount to the issue price on both exchanges, before trading closer to the offer price intraday. Investors tracking the IPO can use the provided allotment date, registrar reference, and official company contact details to verify status and disclosures.