Auto component maker Craftsman Automation has filed draft papers with markets regulator Sebi for its Initial Public Offering (IPO).
The IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale of up to 43,83,320 shares of Craftsman Automation by promoters, as per the DRHP filed with Securities and Exchange Board of India (Sebi).
The promoters offloading the stakes include
Srinivasan Ravi (2.10 lakh shares), Marina III (SINGAPORE)
(over 15.59 lakh), IFC (14.14 lakh ) and K Gomatheswaran
Disclaimer: No Business Standard Journalist was involved in creation of this content