Craftsman Automation IPO GMP History
Craftsman Automation IPO has been listed on March 25, 2021 at a listing price of ₹1359, against the issue price of ₹1490 — a loss of ₹131 (-8.79%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Craftsman Automation IPO raised ₹823.7 Cr. through its IPO at a price band of ₹1488 to ₹1490 per share, with a lot size of 10 shares. The IPO was open for subscription from 15 Mar 2021 to 17 Mar 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 7:18 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Craftsman Automation IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 15 Mar 2021
- Close 17 Mar 2021
- Allotment 22 Mar 2021
- Refund/credit 23 Mar 2021
- Listing 25 Mar 2021
Craftsman Automation IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹1490 |
|---|---|
| Listing gain / loss | −₹131 per share |
| Listing date | 25 Mar, 2021 |
| Actual listing price | ₹1359 (-8.79%) |
Is Craftsman Automation IPO GMP reliable?
Grey market premium for Craftsman Automation IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Craftsman Automation IPO full review for a fundamentals-based assessment before making any grey market trades.
Craftsman Automation IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Craftsman Automation IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Craftsman Automation IPO
Craftsman Automation Limited was incorporated as a private company on 18 July 1986. It designs and makes precision engineering products, and is one of the leading players in machining cylinder blocks for tractors.
It has three segments: automotive powertrain and others, automotive aluminium products, and industrial and engineering products such as hoists, industrial gears, marine engine parts, crane kits, gearboxes and storage solutions.
It has 12 manufacturing facilities across 7 cities in India. Customers include Tata Motors, Daimler India, Tata Cummins, Mahindra & Mahindra, Royal Enfield, Siemens, Escorts and Ashok Leyland.
The IPO was Rs 823.70 crore, with Rs 150.00 crore of fresh issue and Rs 673.70 crore of offer for sale. Rs 120.00 crore was planned for repaying borrowings. The promoter is Srinivasan Ravi.
Frequently asked
What is the GMP of Craftsman Automation IPO?
The current Grey Market Premium (GMP) of Craftsman Automation IPO is not yet started or active in the market.
What is the Kostak Price of Craftsman Automation IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Craftsman Automation IPO is not available.
What is the Subject to Sauda Price of Craftsman Automation IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Craftsman Automation IPO?
Craftsman Automation IPO listed on March 25, 2021 at ₹1359, against the issue price of ₹1490 — a loss of -8.79%.
How did the GMP of Craftsman Automation IPO trend before listing?
The GMP of Craftsman Automation IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Craftsman Automation IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
