Algo Trading


Stock Market Blogs

Craftsman Automation IPO March 10 2021Craftsman Automation IPO launch date End date Pric

Visit Count: 606

Craftsman Automation IPO

Craftsman Automation has set a price band of Rs 1,488-1,490 per share for its Rs 824 crore Initial Public Offering (IPO) which is all set to hit the market on March 15th. The firm will utilize net fresh issue funds for debt repayment purpose. The Initial Public Offering will end on March 17th. A fresh issue of equity shares worth up to Rs 150 crore is on offer, an offer for sale (OFS) of up to 4,521,450 equity shares as well.

The implied market capitalization post-issue is at the price band of Rs 5,528.16 crore. Investors can bid for a minimum of one lot of ten shares and in multiples of 10 thereafter.

Via the offer for sale (OFS) route, promoter Srinivasan Ravi will sell 1,30,640 equity shares, while investors Marina III (Singapore) Pte Limited and International Finance Corporation will sell 15,59,260 and 14,14,050 equity shares respectively. K Gomatheswaran, an individual shareholder, will also sell 14,17,500 equity shares throgh the OFS.

Craftsman Automation is a vertically integrated engineering corporation with three business segments: automotive, powertrain, and others; automotive – aluminum products; and industrial and engineering. The corporation owns 12 manufacturing facilities in India, spread across seven cities. The company claimed to be India's largest player in cylinder block and cylinder head machining for intermediate, medium, and heavy commercial vehicles, as well as the construction equipment sector.

Daimler India, Tata Motors, Tata Cummins, Mahindra & Mahindra, Simpson & Co, TAFE Motors and Tractors, Escorts, Ashok Leyland, Perkins, Mitsubishi Heavy Industries, TVS Motor, and Royal Enfield are among the flagship domestic and global original equipment manufacturers and component manufacturers with which Craftsman has long-term relationships across three market segments.

Apply Craftsman Automation IPO -

Blog Enquiry

Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.


  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost
"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Dear Investor if you wish to revoke your un-executed eDis mandate, please mail us with ISIN and quantity on by today EOD."

INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015, CIN : U67120MH1996PTC160201




Indrendu Joshi. Email: Call : 0731-4797275

Investor grievance complaint :