Craftsman Automation Ltd. has successfully completed its qualified institutional placement (QIP) to raise funds up to ₹2,000 crore through equity shares with a face value of ₹5 each. According to CNBC TV18, the Fund Raising Committee approved the allotment of 22.98 lakh equity shares to eligible Qualified Institutional Buyers (QIBs) at an issue price of ₹8,700 per share. The issue price reflects a discount of ₹266.13 per share, or 2.97%, to the floor price. The QIP opened on June 15, 2026 and closed on June 18, 2026, with the company raising approximately ₹2,000 crore through the allotment process.
Following the share issuance, Craftsman Automation's paid-up equity share capital increased to ₹13.08 crore, comprising 2.62 crore equity shares of face value ₹5 each, from ₹11.93 crore comprising 2.39 crore equity shares earlier. As reported by CNBC TV18, the allotment was distributed among major institutional investors including HDFC schemes (21.5%) and SBI schemes (11%). Other significant participants included Aditya Birla Sun Life schemes (4.95%) and TATA AIA Life Insurance schemes (5%). The company's equity base has expanded significantly to support its growth initiatives and fundraising requirements.
Shares of Craftsman Automation have demonstrated exceptional performance, soaring 4% to hit a 52-week high of ₹9,754.50 per share as of 11:13 AM on June 19, 2026. The stock has gained 9% in the past week, 14% over the month, and 26% year-to-date, according to latest market data. This remarkable performance follows the successful QIP completion and reflects strong investor confidence in the company's growth prospects. The stock had previously hit a year's low of ₹5,100 apiece on June 23, 2025, making the current levels a significant recovery.
Craftsman Automation delivered exceptional financial results for Q4 FY26, with consolidated net profit surging 74.38% to ₹116.42 crore compared to ₹66.76 crore in Q4 FY25. Revenue from operations rallied 27.27% year-on-year to ₹2,226.4 crore in Q4 FY26. The company started its journey in 1986 as a small-scale industry in Coimbatore and has grown to become a leader in precision manufacturing across automotive, industrial, and engineering segments, manufacturing components and sub-assemblies on a supply and job-work basis according to client specifications.
