Craftsman Automation makes a worn debut in stock markets, lists at 9% good deal over scenario designate

By: Tell Web Desk | Novel Delhi |

Up to this level: March 25, 2021 11: 38: 38 am

The IPO is anticipated to get Rs 824 crore on the upper end of the price band. (Image source: Fb/Craftsman Automation Exiguous)

Craftsman Automation share designate: Shares of Craftsman Automation made a worn debut on the stock exchanges on the present time itemizing at over 9 per cent lower in opposition to their scenario designate.

The scrip obtained listed at Rs 1,350.00 apiece on the BSE, thereby registering a topple of 9.40 per cent from its provide designate of Rs 1,490. On the Nationwide Inventory Substitute (NSE), it opened at Rs 1,359.00, down 8.79 per cent from the scenario designate. The stock then as soon as more trimmed a few of its losses but remained below the scenario designate hiting a high Rs 1,487.80 on BSE and Rs 1,488.50 on the NSE for the period of its first hour of alternate on the first day. On the lower aspect, it hit to Rs 1,349.20 on the BSE and Rs 1,350.00 on NSE.

Over 20.87 lakh shares of Craftsman Automation were traded on the NSE for the period of the first hour of alternate, whereas over 1.06 lakh shares exchanged fingers on the BSE, recordsdata from the respective stock exchanges confirmed.

The Rs 824 crore IPO of Craftsman Automation met a upright quiz for the period of its provide period from March 15-17. The scenario modified into as soon as oversubscribed by 3.81 instances on the final day.

The qualified institutional patrons (QIBs) category modified into as soon as subscribed 5.21 instances, non institutional patrons 2.84 instances and retail particular particular person patrons (RIIs) 3.44 instances, recordsdata accessible on NSE confirmed.

Headquartered in Coimbatore, the auto component maker has satellite tv for pc gadgets across India in conjunction with in Pune, Faridabad, Pithampur, Jamshedpur, Bengaluru, Sriperumbudur and Chennai.

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