Craftsman Automation QIP opens for up to Rs 2,000 Cr; floor price Rs 8,966.13
CRAFTSMAN · price
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On the reaction day the stock moved in line with Nifty Smallcap 250 and 0.5 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Craftsman Automation has opened its Qualified Institutions Placement (QIP) to raise up to Rs 2,000 Crores by issuing equity shares of face value Rs 5. The floor price has been fixed at Rs 8,966.13 per share, with the company retaining the option to offer a discount of up to 5%. The issue was approved by the Board on May 16, 2026 and by shareholders via special resolution on June 13, 2026. The trading window for designated persons is closed until 48 hours after the issue price is determined.
Large equity raise of up to Rs 2,000 Cr may dilute existing shareholders. Short-term price pressure likely until final issue price is set.