What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Craftsman Automation Limited IPO allotment date?

The basis of allotment for Craftsman Automation Limited IPO is scheduled to be finalized on 22 Mar 2021.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 23 Mar 2021.

Craftsman Automation Limited

ListedMainboard

Industrials / Technology · NSE / BSE

Craftsman Automation Ltd, incorporated in 1986, is a leading engineering company specializing in manufacturing precision components. The company designs, develops, and produces a wide range of engineering products and is a prominent player in machining cylinder blocks for the tractor segment. Its operations are divided into three key segments: Automotive – Powertrain and others, Automotive – Aluminium Products, and Industrial & Engineering, which focuses on material handling equipment such as hoists, industrial gears, marine engines, crane kits, gearboxes, locomotive equipment, and storage solutions. Craftsman Automation owns 12 state-of-the-art manufacturing facilities across seven cities in India and serves marquee clients including Tata Motors, Daimler India, Tata Cummins, Mahindra & Mahindra, Royal Enfield, Siemens, Escorts, Ashok Leyland, VE Commercial Vehicles, and TAFE Motors & Tractors.

Price Band

₹1488 – ₹1490

Issue Size

₹824 Cr

Lot Size

10 shares

GMP

₹30

+2.0%

Est. Listing

₹1520

at current GMP

Subscribed

—

Open

15 Mar 2021

17 Mar 2021

Allotment

22 Mar 2021

Refund

23 Mar 2021

Demat Credit

24 Mar 2021

Listing

25 Mar 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Craftsman Automation Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

22 Mar 2021

Basis finalization

Refunds Initiate

23 Mar 2021

Mandate release

Demat Credit

24 Mar 2021

Shares in demat

Listing Debut

25 Mar 2021

Trading begins

How to Check Craftsman Automation Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Craftsman Automation Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Craftsman Automation Limited Public Issue & Market Profile

Craftsman Automation Limited is bringing an initial public offering (IPO) in the Industrials / Technology sector with an aggregate issue size of ₹824 Crores. The shares are offered at a price band of ₹1488 to ₹1490 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 10 shares (approx. ₹14,900 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-03-24, while un-allotted funds or UPI block mandates will be released on 2021-03-23.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.