Craftsman Automation Ltd has successfully completed a Qualified Institutional Placement (QIP), raising approximately ₹2,000 crore through the allotment of 22,98,850 equity shares, according to the company’s exchange filing dated June 18, 2026.
The shares were allotted to qualified institutional buyers (QIBs) at ₹8,700 per share, including a premium of ₹8,695 over the face value of ₹5. The issue price was offered at a 2.97% discount to the SEBI-prescribed floor price.
QIP Issue Highlights
Particular Details
Issue Size Approximately ₹1,999.99 crore
Shares Issued 22,98,850 equity shares
Issue Price ₹8,700 per share
Face Value ₹5
Premium ₹8,695
QIP Opened June 15, 2026
QIP Closed June 18, 2026
Approval Fund Raising Committee on June 18, 2026
Paid-up Capital Increases
Following the allotment:
Paid-up equity capital increased from ₹11.93 crore to ₹13.08 crore.
Outstanding equity shares increased from 2,38,55,583 to 2,61,54,433.
Major Institutional Allottees
The QIP witnessed participation from several leading domestic institutional investors.
Investor Shares Allotted Share of Issue
HDFC Trustee Company Ltd – HDFC Flexi Cap Fund 3,79,310 16.50%
SBI Multicap Fund 1,37,931 6.00%
HDFC Life Insurance Company 1,14,942 5.00%
SBI Life Insurance Company 1,14,942 5.00%
Other prominent investors included schemes managed by:
Aditya Birla Sun Life Mutual Fund
Axis Mutual Fund
Invesco India
Tata AIA Life Insurance
Craftsman Automation Share Price Performance
As of June 19, 2026 (11:43 AM):
Share Price: ₹9,825.50
Gain: 3.43% over the previous closing price
The positive market reaction suggests investor confidence in the company’s successful capital raise and future growth plans.
Key Highlights
Raised nearly ₹2,000 crore through the QIP route.
Issued 22.99 lakh new equity shares.
Issue price fixed at ₹8,700 per share.
Paid-up capital increased to ₹13.08 crore.
Leading mutual funds and insurance companies participated in the issue.
Shares gained over 3% following the announcement.
Conclusion
Craftsman Automation’s successful ₹2,000 crore QIP strengthens its balance sheet and provides additional capital to support future expansion and business growth. The participation of marquee institutional investors, coupled with the positive movement in the share price, reflects strong market confidence in the company’s long-term prospects.
Disclaimer:
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