Craftsman Automation Closes QIP, Allots Shares at Rs 8700 Per Equity Share
Craftsman Automation Limited has announced the successful closure of its Qualified Institutions Placement (QIP) for equity shares. The issue closed on June 18, 2026, with the company finalizing the allotment process and setting the definitive issue price for eligible Qualified Institutional Buyers (QIBs).The Fund Raising Committee (FRC) of Craftsman Automation Limited approved the closure of the placement which began on June 15, 2026. The FRC reviewed and confirmed all aspects related to the Issue, including the issuance of refund intimation letters for applicable bidders.
Key Details of the Qualified Institutions Placement:
The details regarding the equity shares issue are as follows:
| Detail | Value |
|---|---|
| Face Value per Equity Share | Rs 5 |
| Total Shares Allotted to QIBs | 2,298,850 |
| Final Issue Price per Equity Share | Rs 8700 |
| Premium per Equity Share | Rs 8695 |
| Discount Adjustment | Rs 266.13 (Equivalent to 2.97% of the floor price) |
The FRC ratified and approved the issuance of equity shares through the placement. The committee also adopted the Placement Document dated June 18, 2026, and finalized the confirmation allocation notes intended for the eligible QIBs.
The closure was officially declared by the Fund Raising Committee at its meeting held on June 18, 2026, and reflects a significant step in the company's capital structure enhancement through the specialized placement process.
CRAFTSMAN Stock Price Movement
Craftsman Automation Limited shares edged higher on Thursday, gaining 0.52% and closing at ₹9500. The stock posted a volume of 37,642 shares in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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