Craftsman Automation Limited announced today that its Board of Directors and Shareholders have approved a Qualified Institutions Placement (QIP) to raise funds up to ₹2,000 Crores. The equity shares to be issued have a face value of ₹5 each. The company has set the ‘Relevant Date’ as June 15, 2026, with a calculated floor price of ₹8,966.13 per equity share. The Issue price may include a discount of up to 5%.
Craftsman Automation Approves Major Fundraising Initiative
Craftsman Automation Limited has received crucial approvals to raise significant capital through a Qualified Institutions Placement (QIP). The company’s Board of Directors, at a meeting held on May 16, 2026, and subsequently, the Shareholders, through a Special Resolution passed on June 13, 2026, have paved the way for this fundraising exercise. The Fund-Raising Committee (FRC) officially approved the QIP at its meeting on June 15, 2026.
Details of the Qualified Institutions Placement
The QIP aims to raise funds by issuing equity shares with a face value of ₹5 each. The aggregate amount to be raised will not exceed ₹2,000 Crores. This initiative is being undertaken under Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and relevant sections of the Companies Act, 2013.
Key approvals include the authorization to open the Issue on June 15, 2026, and the adoption of the Preliminary Placement Document and associated application form, both dated June 15, 2026.
Pricing and Relevant Date
In accordance with Regulation 171 of the SEBI ICDR Regulations, the ‘Relevant Date’ for the QIP has been fixed as June 15, 2026. The floor price for the issue, calculated based on Regulation 176(1) of the SEBI ICDR Regulations, has been set at ₹8,966.13 per Equity Share. Further, as approved by Shareholders via the Special Resolution on June 13, 2026, the company reserves the right to offer a discount of up to 5% on this floor price. The final Issue price will be determined in consultation with the appointed Lead Manager.
Next Steps
Craftsman Automation Limited will be filing the Preliminary Placement Document with BSE Limited and the National Stock Exchange of India Limited on June 15, 2026. The meeting of the Fund Raising Committee concluded on the same day at 5:15 PM.
Trading Window Closure
In compliance with the Company’s Prevention of Insider Trading Code of Conduct, the trading window for dealing in the Company’s securities has been closed. It will remain closed until 48 hours after the determination of the issue price, ensuring fair practices for all designated persons.
Disclosure Compliance
The company confirms that the necessary details as required under Regulation 30, read with Schedule III of Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI Master Circular have been provided. The details are annexed as “Annexure – A”.
Details of Securities Issuance (Annexure – A)
- Type of Securities: Equity Shares
- Type of Issuance: Qualified Institutions Placement
- Total Amount: Up to an aggregate amount not exceeding ₹2,000 Crores
Source: BSE
