IPO Market: In the year 2021, the IPO market is witnessing a fierce movement. In view of the boom in the primary market, companies are bringing their IPOs one after the other. If you have missed making money in IPO till now, then you have a good chance on Monday, March 15. Today the IPOs of 2 companies Laxmi Argonics and Craftsman Automation are opening. Lakshmi is a company making organics specialty chemicals and Craftsman Automation Leading Engineering Organization. If you too are thinking of putting money in them, then first know everything about it.
Craftsman Automation IPO
Price band: Craftsman Automation Limited plans to raise Rs 824 crore through an IPO. The price band for the IPO has been fixed at Rs 1488-1490 per share. Investments can be made in this IPO by March 17. There will be a fresh issue of Rs 150 crore in this issue, while the current shareholders of the company will keep an offer for sale of 45,21,450 shares. On March 25, the company’s listing can be in the stock market.
Who will sell how many shares: In this issue, the promoter of the company Srinivasan Ravi will sell 1,30,640 shares. While investors Marina III (Singapore) Pte Limited and International Finance Corporation will also sell 15,59,260 and 14,14,050 shares through Offer for Sale. Apart from this, another investor K Gomatheswaran will also sell 14,17,500 shares. While a fresh share of 150 crores will be issued. In this way, the size of the issue will be Rs 824 crore. The company will use the money received from the fresh issue of this IPO to repay the debt.
At least how much investment: Craftsman Automation Limited has kept a lot size of 10 shares for this issue. That is, it is necessary to invest in at least 10 stocks. In terms of the upper price band of Rs 1490, investors will have to charge at least Rs 14,900. At the same time, investments can be made in multiples of 10. Axis Capital and IIFL Securities are the book running lead managers to the issue. While Link Intime India Private Ltd has been appointed as the registrar for this issue.
What the company does: Craftsman Automation Limited was started in 1986. The company is Leading Engineering Organization, which is engaged in the design, development and manufacturing of many engineering products. It is the leading company in the mining of cylinder blocks in the tractor segment. The company has 12 production units in 7 cities.
Client List: Daimler India, Tata Motors, Tata Cummins, Mahindra & Mahindra, Simpson & Co, TAFE Motors and Tractors, Escorts, Ashok Leyland, Perkins, Mitsubishi Heavy Industries, TVS Motor, Royal Enfield, John Deere and JCB India Are included.
Craftsman Automation IPO: 824 crore IPO to open on March 15, price band is Rs 1488-1490
Laxmi Organic IPO
Price band: The IPO of organic chemical company Laxmi Organics will also be open till March 17. Laxmi Organics has fixed the price band for the IPO at Rs 129-130. Fresh shares worth Rs 300 crore will be issued in this IPO. At the same time, 300 million shares will be sold by promoters Yellow Stone Trust through offer for sale. Let us know that before launching the IPO, Lakshmi Organics has raised 200 crores through pre IPO placement.
At least how much investment: Laxmi Organics has fixed the lot size 115 shares of the IPO. In terms of the upper price band of Rs 130, it is necessary to invest at least Rs 14950 in this IPO. After this, investments in multiples of 115 can be made. Axis Capital and DAM Capital Advisors are the book running lead managers for the IPO.
Funds Used: The funds received from this issue by Lakshmi Organics will be used to pay off the debt and to build a flowability chemical plant. In 2012, the International Finance Corporation bought a 10.05 per cent equity stake in the company for Rs 82 crore. Lakshmi Organics is the largest ethyl acetate producer in the country, with a 30 per cent market share. The company is also an upfront player in the market of derivatives. The company’s product portfolio has significantly more diversity.
Access to 30 countries: The company has access to 30 countries of the world. This includes China, Netherlands, Russia, Singapore, United Arab Emirates, UK and USA. Its main customers are giants like Alembic Pharma, Dr. Reddy’s Labs, Hetero Labs, Laurus Labs, McLeod Pharma, Mylan Labs, United Phosphorus.
Laxmi Organic IPO: price band fixed at Rs 129-130, every detail of lot size to IPO