Craftsman Automation QIP 2026 raises ₹2,000 crore at ₹8,700

What Craftsman Automation announced

Craftsman Automation Limited said it has closed its Qualified Institutions Placement (QIP) after allotting equity shares to eligible Qualified Institutional Buyers (QIBs). The allotment was approved by the company’s Fund-Raising Committee on June 18, 2026, which was also the closing date of the issue. The QIP had opened on June 15, 2026. The company allotted 22,98,850 equity shares at an issue price of ₹8,700 per share. Based on this pricing and share count, the fundraising totals about ₹1,999.99 crore.

Key terms of the QIP: price, premium, and discount

The issue price of ₹8,700 per equity share included a premium of ₹8,695 per share over the face value. The company disclosed that the final price incorporated a discount of ₹266.13 per share to the floor price. This discount worked out to 2.97% of the floor price, in line with the applicable SEBI (Issue of Capital and Disclosure Requirements) Regulations. The floor price for the QIP was ₹8,966.13 per equity share. The company had also disclosed earlier that it may offer a discount of up to 5% on the floor price, subject to regulations.

Amount raised and stated use of proceeds

Craftsman Automation reported that the aggregate amount raised through the issuance was approximately ₹1,99,999.95 lakhs, which is around ₹1,999.99 crore. The company said the funds are intended to support its growth plans and meet general corporate requirements. In earlier disclosures around the QIP launch, the company had described the fundraising committee’s approval for an aggregate amount of up to ₹2,000 crore. The final fundraise is effectively at that level based on the allotment details and issue price. The company’s communications positioned the QIP as a capital markets step following shareholder authorisation.

Capital structure impact: paid-up capital increases

Following the allotment, the company’s paid-up equity share capital increased from ₹11,92,77,915 (comprising 2,38,55,583 equity shares) to ₹13,07,72,165 (comprising 2,61,54,433 equity shares). The face value of each share is ₹5. This change reflects the issuance of 22,98,850 new equity shares under the QIP. For existing shareholders, the immediate mechanical effect of a QIP is an expanded equity base, which can be relevant when tracking per-share metrics over time. The company has not provided any additional post-issue shareholding pattern details in the provided information.

Institutional participation: HDFC and SBI funds mentioned

The company’s disclosure indicated that the allotment included major participation from HDFC and SBI funds. QIPs are reserved for institutional investors, and the company allotted the shares to eligible QIBs. Beyond naming these large fund houses, the provided text does not specify the exact allocation across individual funds or the number of shares allotted to each. Such details, when released, typically come through shareholding pattern disclosures and exchange filings. Still, the mention of these institutions signals that the issue saw participation from large domestic institutional pools.

Regulatory and filing details shared with exchanges

Craftsman Automation stated that the Placement Document dated June 18, 2026 has been filed with BSE Limited and the National Stock Exchange of India Limited. The QIP process was launched after a series of approvals and disclosures. The board approval for the QIP was dated May 16, 2026. Shareholders passed a special resolution at an Extraordinary General Meeting (EGM) held on June 13, 2026, authorising fundraising up to ₹2,000 crore. The fundraising committee then approved the opening of the issue on June 15, 2026.

Timeline: from shareholder mandate to allotment

The disclosures outline a clear sequence from authorisation to execution within the same month. The company first received board approval on May 16, 2026. Shareholders approved a special resolution at the June 13, 2026 EGM to raise up to ₹2,000 crore. The fundraising committee approved the opening of the QIP on June 15, 2026, which was also set as the relevant date for pricing under SEBI regulations. The QIP opened on June 15 and closed on June 18, 2026. On June 18, the committee approved the allotment and the company filed the Placement Document with the exchanges.

Market context and reported price points

At the time of launch disclosures, Craftsman Automation fixed the floor price at ₹8,966.13 per share. The floor price was stated to represent a 3.99% discount to the previous closing price of ₹9,338.65 on the BSE. Separately, a market snapshot in the provided information showed the stock shedding 0.25% to ₹9,315.55 on the BSE around the QIP launch coverage. Another data point in the provided text showed Craftsman Automation trading on NSE at ₹8,917.50 on June 12, 2026 at 15:54:24, up ₹125.00 (1.42%). These figures provide context on how the floor price compared with prevailing market prices during the QIP window.

Summary table of disclosed QIP terms

Earlier QIP reference and what it indicates

The provided information also referenced a prior QIP by Craftsman Automation in the quarter ended June 30, 2024. In that transaction, the company issued 27,27,272 equity shares at an issue price of ₹4,400 per share, aggregating ₹1,200 crore, and announced closure of the issue on June 21, 2024. The 2026 QIP, by comparison, is larger in amount at roughly ₹2,000 crore and at a higher issue price of ₹8,700 per share. This historical reference helps track how the company has used institutional placements as a fundraising route across cycles. However, the provided text does not specify how the 2024 proceeds were deployed.

Why this QIP matters for investors tracking dilution and funding

A QIP increases the number of outstanding shares, which is relevant for shareholders monitoring dilution and changes in paid-up capital. From the company’s side, the disclosed intent is to fund growth plans and general corporate requirements. Investors typically watch the final issue price versus the floor price and recent market prices as a gauge of institutional demand and the pricing outcome. In this case, the final price was set below the floor price by a disclosed discount that was within regulatory limits. The next set of disclosures that investors often track includes updated shareholding patterns and any project-level deployment commentary, but those are not included in the provided information.

Conclusion

Craftsman Automation’s June 2026 QIP closed with the allotment of 22,98,850 shares at ₹8,700 each, raising about ₹1,999.99 crore and increasing paid-up equity share capital. The issue ran from June 15 to June 18, 2026, with the Placement Document filed with BSE and NSE on June 18. The company has stated that the proceeds will support growth plans and general corporate needs. With the allotment completed, subsequent exchange disclosures will be the key place to track post-issue shareholding changes and any further updates on the use of funds.