Craftsman Automation saw good demand for its shares from the qualified institutional buyers.
Craftsman Automation share sale via initial public offering (IPO) was subscribed 3.81 times on the final day of subscription. Craftsman Automation received over 1.47 crore bids for its shares as against 38.69 lakh shares on the offer, data from the National Stock Exchange showed. A total of 51,21,100 bids were received at the cut off price, according to the NSE.
Craftsman Automation saw good demand for its shares from the qualified institutional buyers (QIBs) as the portion reserved for them was subscribed 4.91 times. Portions for retail and non-institutional investors were subscribed 1.68 and 1.37 times respectively.