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NEW DELHI: The IPO of Craftsman Automation was subscribed 126 per cent on Tuesday, the second day of the bidding process. The issue was subscribed 55 per cent on the first day.
The issue has received bids for 48,56,990 shares against the 38,69,714 shares on offer. Shares under the Craftsman IPO are being offered in the price range of Rs 1,488-1,490, and investors can subscribe to the issue by betting in lots of 10 shares. Retail investors can bid for a maximum of 13 lots.
The IPO comprises a fresh issue of equity shares aggregating up to Rs 150 crore, and an offer for sale of up to 45,21,450 shares by the promoter and existing shareholders. On Friday, the company raised a little over Rs 247 crore from 21 anchor investors.