InvestorQ : Can you share the details of Craftsman Automation IPO? Also, suggest whether to buy or not?
Mitali Bhutta made post
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Can you share the details of Craftsman Automation IPO? Also, suggest whether to buy or not?

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Dhwani Mehta answered.
5 months ago
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The issue opens on 15-March-2021 and closes on 17-March-2021 with a lot size of 10 shares and each sharer valued at Rs 1488 to Rs 1490.

About company:
Craftsman Automation was established in the year 1986 and is a leading engineering organization that is engaged in manufacturing precision components. This company is engaged in designing, developing, and manufacturing a range of engineering products and is among the leading players in the machining of cylinder blocks for the tractor segment.

The company mainly operates in three business segments – Industrial and Engineering division, Automotive Powertrain, Automotive-Aluminum Products, and others. The business has successfully established its business over 7 cities in India and its major customers include tata motors, Mahindra and Mahindra, Royal Enfield, Ashok Leyland, Siemens, Escorts, etc.

Strengths:
• Strong product designing capabilities
• Robust Financial Performance
• Leading manufacturer of engineering products
• Strategic manufacturing activities.

Should you buy it?
The company shows positive attributes, financials are strong and the customer base is all the big market players. This means, the company will look forward to higher growth in the future and long-term investment could turn out to be beneficial. However, whether to invest or not should be the user’s own discretion based on the research done by them considering their expectations from the investment.

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