Craftsman Automation QIP raises ₹2,000 cr in 2026

QIP closes with final allotment on June 18

Craftsman Automation Limited has closed its Qualified Institutions Placement (QIP) after allotting 22,98,850 equity shares to eligible Qualified Institutional Buyers (QIBs). The company said the fund-raise opened on June 15, 2026 and closed on June 18, 2026. The Fund-Raising Committee approved the allotment on the closing date. The issue was positioned as a fund-raise of up to ₹2,000 crore, and the final amount raised was aligned with that target.

Issue price fixed at ₹8,700 with SEBI-compliant discount

The allotment price was fixed at ₹8,700 per equity share. The company disclosed that the price included a premium of ₹8,695 per equity share. It also incorporated a discount of ₹266.13 per share, which is 2.97% of the floor price, in line with SEBI ICDR Regulations. The floor price for the issue was ₹8,966.13 per share.

Total proceeds: ₹1,99,999.95 lakh (about ₹2,000 crore)

The aggregate amount raised through the issuance was approximately ₹1,99,999.95 lakh. This works out to about ₹1,999.99 crore. Craftsman Automation indicated the proceeds are intended to support growth plans and meet general corporate requirements. Separately, the company had also described the QIP as a route to deleverage and fund expansion, including capacity scaling and incremental working capital needs.

Equity base expands after the QIP allotment

Following the allotment, the company’s paid-up equity share capital increased from ₹11,92,77,915 to ₹13,07,72,165. In share terms, this moved from 2,38,55,583 equity shares to 2,61,54,433 equity shares. The equity shares carry a face value of ₹5 each. The expanded share capital is the direct result of the newly issued shares under the QIP.

Major allottees include HDFC and SBI-backed funds

The disclosed allotment list shows participation from large domestic institutions. HDFC Trustee Company Limited (as trustee for HDFC Flexi Cap Fund) received 3,79,310 shares, representing 16.50% of the total issue size. SBI Multicap Fund received 1,37,931 shares (6.00%). Insurance investors were also part of the allotment, including HDFC Life Insurance Company Limited and SBI Life Insurance Co. Ltd, each allotted 1,14,942 shares (5.00% each).

Regulatory framework and exchange filings

Craftsman Automation stated that the issuance complies with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. It also referenced compliance with Sections 23, 42, and 62(1)(c) of the Companies Act, 2013. The Placement Document dated June 18, 2026 has been filed with BSE Limited and the National Stock Exchange of India Limited.

How the launch was structured before closure

Ahead of the closure, the company had announced the QIP launch on June 15, 2026, with an issue size aggregating up to ₹2,000 crore. The relevant date was fixed as June 15, 2026 and the floor price was set at ₹8,966.13 per share as per SEBI regulations. The floor price was described as a 3.99% discount to the previous BSE closing price of ₹9,338.65. The company also noted it may offer a discount of up to 5% on the floor price, subject to regulations.

Financial and balance-sheet context cited around the QIP

In the context provided around the QIP, Craftsman Automation was described as aiming to reduce debt and fund expansion after reporting a 41.8% jump in FY26 revenue. FY26 revenue was reported at ₹8,069 crore, with net profit of ₹384 crore. The company’s debt was referenced at an estimated ₹5,500 crore in the same context. These figures framed the QIP as part of a broader capital plan tied to capex and balance-sheet management.

What this means for investors and the stock

A QIP is reserved for institutional investors such as mutual funds and insurance companies, and retail investors do not participate in the primary issuance. Retail shareholders are typically affected through changes in the equity base and any market reaction to pricing, dilution, and the company’s stated use of proceeds. The QIP pricing at ₹8,700 also provides a reference point versus the disclosed floor price of ₹8,966.13. Separately, a price snapshot included Craftsman Automation at ₹7,836 as of 06-Feb-2026 (16:00 IST), but the QIP timelines and pricing were set in June 2026.

Key details table

Major allottees table

Previous fund-raise reference: 2024 QIP

Craftsman Automation has used the QIP route in the past as well. A prior placement document dated June 21, 2024 referred to an issue of 27,27,272 equity shares aggregating to about ₹12,000.00 million (₹1,200 crore). The company had announced closure of that QIP on June 21, 2024, with the issue price set at ₹4,400 per equity share.

Conclusion

Craftsman Automation’s June 2026 QIP closed with an allotment of 22,98,850 shares at ₹8,700, raising about ₹2,000 crore and increasing the company’s paid-up equity capital. The company has filed the June 18, 2026 placement document with BSE and NSE, and disclosed institutional participation from major HDFC and SBI-linked investors. The stated use of proceeds spans growth initiatives and general corporate requirements, with the broader context pointing to capex needs and debt management. Further updates, if any, are expected through subsequent exchange disclosures tied to deployment of proceeds and business plans.