Craftsman Automation Limited allots shares to Sbi Automotive Opportunities Fund and Government Of Singapore

The Fund Raising Committee of Craftsman Automation Limited at its meeting held on 21st June, 2024 approved allotment of 27,27,272 Equity Shares to eligible qualified institutional buyers Sbi Automotive Opportunities Fund (1,70,240 shares) and Government Of Singapore (1,51,400 shares) at the issue price of Rs.4,400 per Equity Share, i.e., at a premium of Rs.4,395 per Equity Share [(which includes a discount of Rs. 26.11 per Equity Share (0.60% of the floor price) to the floor price)], aggregating to approximately Rs.11,99,99,96,800, pursuant to the issue.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased from Rs. 10,56,41,555 consisting of 2,11,28,311 Equity Shares of face value Rs.5 each to Rs. 11,92,77,915 consisting of 2,38,55,583 Equity Shares of face value Rs.5 each.

The Issue opened on 18th June, 2024 and closed on 21st June, 2024 and the same was intimated to you through our letters dated 18th June, 2024 and 21st June, 2024 respectively.

Shares of Craftsman Automation Limited was last trading in BSE at Rs. 4841.55 as compared to the previous close of Rs. 4854.90. The total number of shares traded during the day was 5431 in over 1494 trades.

The stock hit an intraday high of Rs. 5000.00 and intraday low of 4830.90. The net turnover during the day was Rs. 26686375.00.

Source : Equity Bulls

Keywords

CraftsmanAutomation INE00LO01017 FundRaising QIP SharesAllotment QIBs SBIAutomotiveOpportunitiesFund GovernmentofSingapore