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Craftsman Automation

IPO Details

Below are key details about the IPO of the Company

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Business Details

Craftsman Automation as the name suggests is an Precision Engineering Company. The Company is based in Coimbatore. It has branches in other parts of country like Delhi, Madhya Pradesh, Maharashtra, Bihar and Tamilnadu.

Below are the key products from the Company along with different industries in which they are used.

It has two wholly owned subsidiary one in Netherlands and other in Singapore to look into International business. It also exports products to international companies. The Company has some marquee names in its client list like Tata Motors, Ashok Leyland and Daimler.

It has also ventured into Marine engine business as well which will add additional revenue stream to the Company.

Financial Snapshot

Below are key financials of the Company for year ending 2020

IPO Subscription Status

Below is IPO Subscription status of the Company. I will be updating this section with time.

Below is meaning of the Key terms used above

My Opinion

You can think of this Company as Auto Ancillary Company which some diversification. It deals with Two wheeler, LCV , Cranes, Marine vehicles and other vehicles. This makes it wide range Auto Ancillary Company.

Along with these products Company also has warehouse automation solution which is good for growth potential. The increase of eCommerce companies will increase warehousing needs. Automation in this field is largely required to cut down on time and cost which will give traction to the Company.

It will be interesting to see how well it is received by Investors. I am suspecting fair subscription for it. You should read the Make Money with IPO article before planning to invest in this Company as it may not give listing gain or may have slight listing gains.