
Craftsman Automation Limited (the “Company’), a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely powertrain and other products for the automotive segment (“Automotive – Powertrain and Others”), aluminum products for the automotive segment (“Automotive – Aluminum Products”), and industrial and engineering products segment (“Industrial and Engineering”), allotted 1,658,447 equity shares to 21 anchor investors and raised ₹247.11 crore ahead of the company’s proposed IPO at the upper price band of ₹1490 per unit.
The anchor allocation as follows:
S. No | Fund | % of Allocation |
1 | Pioneer Investment Fund | 22.30% |
2 | The Nomura Trust and Banking Co. Ltd. As the Trustee of Nomura Stock Mother Fund | 14.20% |
3 | HSBC Global Investments Fund – Asia Ex Japan Equity Smaller Companies | 7.30% |
4 | Volrado Venture Partners Fund II | 6.10% |
5 | Nippon India Trustee Ltd – A/C Nippon India Value Fund | 5.70% |
7 | Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Small Cap Fund | 5.30% |
10 | ICICI Prudential Midcap Fund | 4.70% |
11 | ICICI Prudential Smallcap Fund | 4.70% |
6 | Nippon India Trustee Ltd – A/C Nippon India Growth Fund | 3.60% |
8 | Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Resurgent India Fund – Series 6 | 2.80% |
12 | Tata Mutual Fund – Tata Small Cap Fund | 2.80% |
13 | Kuwait Investment Authority Fund 223 | 2.80% |
14 | Max Life Insurance Co Ltd – Participating Fund | 2.80% |
15 | Aditya Birla Sun Life Insurance Company Limited | 2.80% |
16 | Integrated Core Strategies Asia PTE Ltd | 2.80% |
17 | Avendus Absolute Return Fund | 2.40% |
19 | Mirae Asset Equity Savings Fund | 2.30% |
20 | ITPL – Invesco India Midcap Fund | 2.30% |
9 | Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Resurgent India Fund – Series 7 | 1.20% |
21 | ITPL – Invesco India Infrastructure Fund | 0.60% |
18 | Mirae Asset Midcap Fund | 0.40% |
The Initial Public offering comprises of a fresh issue aggregating up to ₹1,500.00 million by the Company (the “Fresh Issue”) and an offer for sale of up to 4,521,450 Equity Shares comprising up to 130,640 Equity Shares by Srinivasan Ravi (the “Promoter Selling Shareholder”), up to 1,559,260 Equity Shares by Marina III (Singapore) PTE Limited (“Marina”) and up to 1,414,050 Equity Shares by International Finance Corporation (“IFC”) (Marina, together with IFC, the “Investor Selling Shareholders”), and up to 1,417,500 Equity Shares by K. Gomatheswaran (the “Individual Selling Shareholder”) (the Promoter Selling Shareholder, the Investor Selling Shareholders and the Individual Selling Shareholder, together, the “Selling Shareholders” and such equity shares offered by the selling shareholders, the “Offered Shares”).
Bids can be made for a minimum of 10 Equity Shares and in multiples of 10 Equity Shares thereafter.
Axis Capital Limited and IIFL Securities Limited are the Book Running Lead Managers to the issue.
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