Craftsman Automation Completes Qualified Institutions Placement of Equity Shares; Capital Increases
Craftsman Automation Limited has successfully completed a Qualified Institutions Placement (QIP) of equity shares, significantly boosting its paid-up capital. The allotment of 2,298,850 Equity Shares to eligible Qualified Institutional Buyers (QIBs) was finalized at an issue price of Rs. 8700 per Equity Share.The Company raised approximately Rs. 1,99,999.95 Lakhs through this issuance. The shares were offered with a premium of Rs. 8695 per Equity Share, which accounted for a discount of Rs. 266.13 per Equity Share on the floor price, equivalent to 2.97% of the floor price.
The QIP was conducted between June 15, 2026, and June 18, 2026.
Capital Structure Update
Following the allotment of the new equity shares, Craftsman Automation Limited's paid-up equity share capital has been updated:| Parameter | Before Issue | After Issue |
|---|---|---|
| Paid-up Equity Share Capital | Rs. 11,92,77,915 | Rs. 13,07,72,165 |
| Total Equity Shares (Face Value Rs. 5) | 2,38,55,583 | 2,61,54,433 |
Key Details of the Placement
The offering involved various institutional investors. The following details are provided regarding the transaction:- Type of Securities: Equity Shares
- Issuance Type: Qualified Institutions Placement
- Total Securities Issued: 22,98,850 Equity Shares of face value Rs. 5 each at an issue price of Rs. 8700 per Equity Share.
A significant portion of the shares were allotted to major institutional clients. Details regarding allottees who received more than five percent of the total issue size are as follows:
| Allottee Name | Shares Allotted | % of Total Issue Size |
|---|---|---|
| HDFC Trustee Company Limited - HDFC Flexi Cap Fund | 379,310 | 16.50% |
| SBI Life Insurance Co. Ltd | 114,942 | 5.00% |
| SBI Multicap Fund | 137,931 | 6.00% |
| HDFC Life Insurance Company Limited | 114,942 | 5.00% |
The placement also included allotments to several other institutional investors across various funds and insurance companies.
CRAFTSMAN Stock Price Movement
On Thursday, shares of Craftsman Automation Limited edged higher, closing at ₹9548 after gaining 0.52%. The stock was traded 37,642 times during 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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