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IPO price band fixed at Rs 1488 to Rs 1490 per share. Craftsman Automation will hit the primary market on Monday, 15 March 2021, with its initial public offering (IPO) at a price to be determined through a 100% book building process. The issue will close on Wednesday, 17 March 2021. The price band for the IPO is set at Rs 1488-1490 per share. An investor can bid for a minimum of 10 equity shares and in multiples thereof. The issue comprises of equity shares comprising a fresh issue of Rs 150 crore and an offer for sale of 45,21,450 equity shares by existing shareholders. Those offloading shares in the offer-for-sale are Srinivasan Ravi, K Gomatheswaran, Marina III (Singapore) and International Finance Corporation (IFC). Currently, IFC and Marina hold 14.06% and 15.50% stake, respectively, in the company. Besides, Srinivasan Ravi owns a 52.83% stake and K Gomatheswaran has a 7.04% holding.

Srinivasan raviInternational finance corporationCapital marketInitial public offeringCorporate financial services necInvestment holding companies necLocated manufacturing facilitiesK gomatheswaranAutomotive aluminum productsManufacturing capabilitiesஸ்ரீநிவாசன் ரவிசர்வதேச நிதி நிறுவனம்மூலதனம் சந்தைஆரம்ப பொது பிரசாதம்பெருநிறுவன நிதி சேவைகள் கழுத்துமுதலீடு வைத்திருத்தல் நிறுவனங்கள் கழுத்து