Craftsman Automation Raises $240M via QIP, HDFC Flexi Cap Fund Largest Allottee

Deal Summary

Coimbatore-based Craftsman Automation Ltd raised about ₹2,000 crore ($240M) through a Qualified Institutional Placement, issuing 22.99 lakh shares at ₹8,700 each. Institutional investors including HDFC Flexi Cap Fund, SBI Multicap Fund, and several insurance and mutual funds participated.