Craftsman Automation Limited raised approximately Rs.2,000 crore through a Qualified Institutions Placement, issuing 22.99 lakh equity shares at Rs.8,700 per share. The QIP opened on June 15, 2026, and successfully concluded on June 18, 2026.
Shardul Amarchand Mangaldas & Co acted as domestic legal counsel to Craftsman Automation Limited in relation to its Qualified Institutions Placement (QIP) aggregating to approximately Rs.2,000 crore (USD 212 million).
Under the QIP, the company issued 2,298,850 equity shares with a face value of Rs.5 each, at an issue price of Rs.8,700 per equity share.
The QIP opened on June 15, 2026, and concluded on June 18, 2026.
The preliminary placement document was submitted to BSE Limited on June 15, 2026, and the placement document was filed with BSE Limited and the National Stock Exchange of India Limited on June 15, 2026 and June 18, 2026, respectively.
The issuance was supported by participation from qualified institutional investors. The shares were offered and sold solely outside the United States through offshore transactions pursuant to Regulation S under the U.S. Securities Act and subject to the laws of relevant jurisdictions.
This transaction represents the company’s third major capital markets fundraising initiative after its IPO in 2021 and a prior QIP in 2024, underscoring ongoing investor confidence in the company’s growth strategy and operating performance.
The transaction team at Shardul Amarchand Mangaldas & Co was led by Nikhil Naredi (Partner) and Devi Prasad Patel (Partner). The team included Harsh Loonker (Principal Associate), Veronica Miranda (Senior Associate), Najeeb Din (Associate), and Richa Singh (Associate).