Craftsman Automation Limited has announced a Qualified Institutions Placement (QIP) to raise funds aggregating up to ₹2,000 Crores. The equity shares will have a face value of ₹5 each. This strategic move was approved by the Board of Directors on May 16, 2026, and further ratified by a Special Resolution passed by shareholders on June 13, 2026. The Issue’s ‘Relevant Date’ is fixed as June 15, 2026.
Craftsman Automation Announces Significant Fundraising Initiative
Craftsman Automation Limited is set to raise substantial capital through a Qualified Institutions Placement (QIP). The company announced its intention to issue equity shares, each with a face value of ₹5, aiming to raise an aggregate amount not exceeding ₹2,000 Crores. This fundraising effort is a key strategic step for the company’s future growth and expansion plans.
Key Approvals and Dates
The initiative received initial approval from the Board of Directors on Saturday, May 16, 2026. Subsequently, a Special Resolution was passed by the Company’s Members at an Extra-Ordinary General Meeting held on Saturday, June 13, 2026. The Fund-Raising Committee (FRC) of the company, at its meeting on Monday, June 15, 2026, inter-alia, considered and approved the following:
- The raising of funds via the issuance of equity shares for an aggregate amount not exceeding ₹2,000 Crores through QIP.
- The opening of the Issue on June 15, 2026.
- The adoption of the Preliminary Placement Document and application form, both dated June 15, 2026.
Pricing and Discount Details
The ‘Relevant Date’ for the purpose of the Issue has been fixed as June 15, 2026. Consequently, the floor price for the QIP has been determined at ₹8,966.13 per Equity Share, calculated based on the pricing formula prescribed. As per the regulations and the shareholders’ approval, the company may offer a discount of not more than 5% on this floor price. The final Issue price will be determined in consultation with the Lead Manager appointed for the transaction.
Disclosure and Compliance
In compliance with the applicable regulations, Craftsman Automation Limited will file the Preliminary Placement Document with the stock exchanges on June 15, 2026. The company has also ensured that the trading window for dealing in its securities has been closed since May 16, 2026, and will remain closed until 48 hours after the determination of the issue price, as per its Insider Trading Code of Conduct.
Securities Details
The securities proposed to be issued are Equity Shares. The type of issuance is a Qualified Institutions Placement. The total amount for which securities will be issued is approximately ₹2,000 Crores. Other types of issuances such as preferential issues, bonus issues, depository receipts, or debt securities are not applicable in this context.
Source: BSE
