Craftsman Automation makes a weak debut in inventory markets, lists at 9% low cost over challenge value

Craftsman Automation share value: Shares of Craftsman Automation made a weak debut on the inventory exchanges at the moment itemizing at over 9 per cent decrease in opposition to their challenge value.
The scrip acquired listed at Rs 1,350.00 apiece on the BSE, thereby registering a fall of 9.40 per cent from its supply value of Rs 1,490. On the National Stock Exchange (NSE), it opened at Rs 1,359.00, down 8.79 per cent from the problem value. The inventory nevertheless trimmed a few of its losses however remained beneath the problem value hiting a excessive Rs 1,487.80 on BSE and Rs 1,488.50 on the NSE throughout its first hour of commerce on the primary day. On the decrease aspect, it hit to Rs 1,349.20 on the BSE and Rs 1,350.00 on NSE.
Over 20.87 lakh shares of Craftsman Automation have been traded on the NSE in the course of the first hour of commerce, whereas over 1.06 lakh shares exchanged arms on the BSE, information from the respective inventory exchanges confirmed.

The Rs 824 crore IPO of Craftsman Automation met a very good demand throughout its supply interval from March 15-17. The challenge was oversubscribed by 3.81 occasions on the ultimate day.
The certified institutional patrons (QIBs) class was subscribed 5.21 occasions, non institutional buyers 2.84 occasions and retail particular person buyers (RIIs) 3.44 occasions, information obtainable on NSE confirmed.
Headquartered in Coimbatore, the auto part maker has satellite tv for pc models throughout India together with in Pune, Faridabad, Pithampur, Jamshedpur, Bengaluru, Sriperumbudur and Chennai.