Corporate Action18 Jun 2026, 11:10 pm
Craftsman Automation Allots ₹2000 Cr Equity Shares to QIBs
AI Summary
Craftsman Automation Limited has successfully completed a Qualified Institutions Placement (QIP), allotting 22,98,850 equity shares to eligible Qualified Institutional Buyers (QIBs). The allotment was made at an issue price of ₹8700 per share, raising approximately ₹19,999.95 Lakhs (₹2000 Cr). This issuance has increased the company's paid-up equity share capital. The QIP was open from June 15-18, 2026, with the Fund Raising Committee approving the allotment on June 18, 2026.
Key Highlights
- Company raised approx. ₹2000 Cr via QIP.
- 22,98,850 equity shares allotted to QIBs.
- Issue price fixed at ₹8700 per share.
- Paid-up equity share capital has increased.
- Fund Raising Committee approved the allotment.
Price Impact
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