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The company's board authorized and declared the opening of the issue on Tuesday, 18 June 2024.
The floor price is Rs 4,426.11 per equity share is at a discount of 7.33% to the previous day's closing price of Rs 4,426.11 on the BSE.
The company may offer a discount of not more than 5% on the floor price so calculated for the issue.
The firm has also informed that a meeting of the committee is scheduled to be held on Friday, 21 June 2024 to consider and approve the issue price of the equity shares.
Craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely automotive-powertrain and others, automotive–aluminum products, and industrial and engineering.
Craftsman Automation reported that its consolidated net profit declined 12.09% to Rs 70.53 crore despite of 12.74% increase in revenue from operations to Rs 1,105.34 crore in Q4 FY24 over Q4 FY23.
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