Craftsman IPO

The company and DRAIPL both operate in the auto components space and have strengths in complementary areas. The acquisition will help both entities leverage their strengths and build better synergies.

The initial public offer of auto component maker Craftsman Automation was subscribed 3.81 times on the last day of bidding on Wednesday.

All the sectoral indices ended the day in the red with the Nifty Realty, Metal, and PSU Bank indices dropping up to 3 per cent

Auto component maker Craftsman Automation's initial public offer was subscribed 1.26 times on Tuesday

The initial public offer of auto component maker Craftsman Automation received 55 per cent subscription on the first day of bidding on Monday.

Craftsman Automation has many global and domestic clients including Tata Motors, Tata Cummins, M&M, Simpson and Co, Escort, Ashok Leyland, and TVS Motors

Craftsman Automation is a diversified engineering company, with vertically integrated manufacturing capabilities

IFC was the first external equity investor in Craftsman in 2010 and has played an important role in making the company IPO-ready