Corporate Action18 Jun 2026, 11:20 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 Crores). This issuance increases the company's paid-up equity share capital. The QIP was open from June 15th to June 18th, 2026, and was approved by the Fund Raising Committee.
Key Highlights
- Company raised approximately ₹2000 Crores through 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
More from CRAFTSMAN