Craftsman IPO Listing Estimate @ Chanakyanipothi.com , … So D Day is March 25th, 2021… the day on which this IPO will get listed.
As on 17 March 2021 @ 5.00 pm
QIB: 1105632 Sh : 5.21 T
NII: 828225 Sh : 2.84 T
RII: 1934857 Sh : 3.41 T
Tot: 3869714 Sh: 3.80 T
These clearly indicate low reponse from NII as well as RII investors.
Small note about the company
Craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely powertrain and other products for the automotive segment , aluminium products for the automotive segment, and industrial and engineering products segment . It commenced its operations in 1986 in Coimbatore, in the State of Tamil Nadu, India, founded by its Promoter, Chairman and Managing Director, Srinivasan Ravi, a mechanical engineer and a first-generation entrepreneur with over 32 years of relevant industry experience.
Craftsman IPO allotment Price is Rs. 1490
Craftsman IPO Latest GMP #
On 25 March 2021
Grey Market Premium Rs. 32
NII investors’ Cost:
Interest cost to the NII investors is Rs. 5.68 per share
Craftsman Ltd Financial Details :
Earnings per Share 2017-18 Rs 15.67
Earnings per Share 2018-19 Rs 48.39
Earnings per Share 2019-20 Rs 20.41
Earnings per Share 2020-21,9M Rs 25.18
Book Value of the Share as on 31.12.2020 Rs 355.93
Upper Price Band/Estimated EPS: 29
Upper Price Band/Book Value: 4.18
Craftsman IPO Peer valuations :
Bharat forge @ PE Ratio of 82.28
Endurance Technology @ PE Ratio of 36.54
Sundram Fastners @ PE Ratio of 39.10
Mahindra CIE @ PE Ratio of 17.40
Ramkrishna Forgings @ PE Ratio of 181.89
Craftsman IPO, Estimate of Listing price :
Speciality Casting companies enjoy good valuation and the IPO is offered at reasonable valuation
Compared to Peer group scrips, the allotment price is already at reasonable valuation.
However , the secondary market is in depressed mood and last 2 IPOs have shown disappointing listings.
we believe is expected
1) to get listed at Rs. 1530 ( if the Sensex on 25th is in Strong Green zone) or
2) to get listed at Rs. 1450 ( if the Sensex on 25th is in Strong Red zone)
and during the intraday may show somewhat higher price , may be Rs. 1600
(Legal Note:We suggest you to consult your financial expert before taking any decision on buying or selling of the scrip on listing. The Price estimate above may go wrong because of many unknown factors.)
To Study Barbeque IPO Page @