Leading engineering firm Craftsman Automation s IPO opened today. Price band of the IPO has been fixed at Rs 1,488 to Rs 1,490 per equity share. It plans to raise Rs 150 crore through the IPO. The issue comprises fresh issue of equity shares worth Rs 1
Craftsman Automation IPO: Opportunities & risks to know before subscribing business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
The ₹150 crore IPO of Craftsman Automation will open on March 15.It plans to use the funds to repay its ₹120 crore debt and for general corporate purposes.The
Leading engineering firm Craftsman Automation s IPO will open on March 15.Price band for the share sale has been fixed at Rs 1488 to Rs 1490 per equity share. The IPO comprises fresh issue of equity shares worth Rs 150 crore and offer-for-sale (OFS) of up
Several decades ago, even before partition,
Late WN Talwar, along with his brothers, owned the dealership of Studebaker cars in Peshawar (now in Pakistan). Post-independence in 1947, they decided to shift base, and moved to India to begin their journey from scratch.
With experience in the automobile industry, Talwar decided to start an auto components business, and set up a gasket manufacturing company in 1956 in collaboration with
UK-based Coopers Payen. He founded
Talbros Automotives Components Ltd to cater to the automobile sector, and set up the first manufacturing unit in
Faridabad,
Haryana.
At that time, little did he know that over a period of six decades, Talbros would become one of the leading suppliers of automobile parts in India, raking in