Craftsman Automation – an Auto component maker has got the go-ahead signal from the market regulator the Securities and Exchange Board of India to launch an IPO (initial public offering).  With this, Sebi has approved 42 companies to launch an IPO so far this year means you have got 42 opportunities to earn a handsome amount in just around 8 years.

The company got its “observations” on 24th August while company submitted the papers in June to get a clearance to launch an IPO. The market regulator’s observations are required for any firm to float public issues like initial public offer (IPO) and follow-on public offer (FPO).

This IPO comprises an offer for sale up to 43,83,320 equity shares and a fresh issue of shares worth up to INR 400 crore by the promoters. The proceeds will be utilized for repayments in full or part, certain borrowings & general corporate purposes.