Craftsman Automation IPO
Craftsman Automation Limited (CRAFTSMAN) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 25 March 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +1.2% (likely range -20% to +18%), day's high +7.5%, chance of a gain 50%. Actual: -8.8% at the open, 0.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 11,05,632 | 57,62,030 | 5.21x | |
| NII (HNI) total | 8,29,225 | 23,52,680 | 2.84x | |
| Retail | 19,34,857 | 66,43,450 | 3.43x | |
| Total | 38,69,714 | 1,47,58,160 | 3.81x |
Bids on NSE and BSE together, as published by NSE, as of 17 Mar 2021, 07:00 PM. Shares offered exclude the anchor portion. 35% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Craftsman Automation's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| Angel BrokingSep 2020 | 5.74x | 0.69x | 4.31x | 3.94x | ₹602 Cr | -10.1% | -3.0% |
| Laurus LabsDec 2016 | 10.5x | 3.58x | 1.67x | 4.57x | ₹1,334 Cr | +14.5% | +16.4% |
| Prince Pipes and FittingsDec 2019 | 3.54x | 1.21x | 1.89x | 2.21x | ₹503 Cr | -10.1% | -0.1% |
| UTI Asset Management CompanyOct 2020 | 3.34x | 0.93x | 2.32x | 2.31x | ₹2,160 Cr | -9.8% | -4.3% |
| Indian Energy ExchangeOct 2017 | 2.56x | 0.85x | 2.61x | 2.28x | ₹1,426 Cr | -9.1% | +0.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| IIFL Securities | 94 | +19.3% | 71% |
Offer documents (NSE)
Frequently asked
What is the Craftsman Automation IPO price band and lot size? ₹1,488–1,490 per share, with a lot of 10 shares, so the smallest retail bid is ₹14,900.
How many times has it been subscribed? 3.81x overall: QIB 5.21x, NII 2.84x, retail 3.43x.
How did it list? It opened at ₹1,359, -8.8% against the issue price of ₹1,490, and closed its first day -3.6%.
