Monday, March 15, 2021

Craftsman Automation IPO Subscription Numbers & Status | Should You Subscribe?

Craftsman Automation IPO subscription to start from 15 March 2021, Monday. The company is a leader in precision manufacturing in diverse field. They are leading manufacturer of precision components.. Craftman grey market just started on the subscription day with just 150 level. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. The subscription will be a key for the listing and the investors will surely look at the company performance along with grey market before subscription. The QIB and HNI will be the key.

IPOWatch View: We recommend investors to apply this IPO with long term basis as well. Stay tuned for the IPO.

Craftsman Automation

Craftsman Automation IPO Subscription Status

(Fully Subscribed)

Category Day 1 Day 2 Day 3
QIB 0.00x 0.56x 5.21x
NII 0.09x 0.19x 2.84x
RII 1.06x 2.11x 3.43x
Total 0.55x 1.26x 3.81x
 

Day 1 Subscription Highlights:

Craftman IPO subscribed 0.55x times on day 1. As the grey market is not that good and the market condition not looks good investors are looking at other IPOs. The QIB and HNI was silent on day1 while Retail subscribed fully with 1.06x times.

Day 2 Subscription Highlights:

Craftman IPO subscribed 1.26x times on day 2. The debt and the higher price band is the worry for the Craftsman IPO. As the GMP is going down and there are other IPOs that are doing well we might see the lesser numbers of subscription. The QIB subscribed 0.56x times, NII subscribed 0.19x times while Retail subscribed 2.11x times. Lets see how it comes up on the last day.

Day 3 Subscription Highlights:

Craftman IPO subscribed 3.81x times on day 3. As the grey market was going down and the other IPOs which gave a less numbers for the IPO still it managed to subscribed fully. QIB came up with 5.21x and NII with 2.84 times which boost the investors confidence but still Retail managed to get just 3.43x on the last day. Lets see how it will come up on the listing day.

About Craftsman Automation IPO


Craftsman Automation IPO price band is fixed at ₹1488 to ₹1490 Per Share. The company to raise ₹823 crore via IPO. The subscription will closes on 17 March 2021. The allotment will be on 22 March and listing will be on 25 March. Craftsman Automation minimum bid is 10 Shares with ₹14900 amount while maximum bid is 130 shares with ₹193700.

About Company

Craftsman Automation started the journey in the year 1986 as a small scale industry in the southern Indian city of Coimbatore, has grown to become a leader in precision manufacturing in diverse fields. The years of experience we have in the field of Engineering has strengthen our commitment, determined customer focus, culture of quality, and unique emphasis on social responsibility empowers Team Craftsman Automation.

Craftsman Automation IPO Subscription FAQs:


When Craftsman Automation IPO Subscription will start?
The IPO subscription starts on 15 March 2021 for QIB, NII, and Retail Investors.

How much Craftsman Automation IPO subscribed?
The IPO subscribed 3.81x times on day 3.

What is Craftsman Automation IPO Retail subscription status?
The RII subscription is 3.43x on day 3.

How to subscribe Craftsman Automation IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.

How do i check live Craftsman Automation IPO Subscription Numbers?
One can visit our portal for live subscription numbers which we are updating hourly basis or check the numbers on NSE and BSE website.

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