Craftsman Automation IPO - KR Choksey Investment Rationale
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Craftsman Automation is the largest player in the machining of cylinder blocks and cylinder heads in the intermediate, medium and heavy commercial vehicles segment and the construction equipment industry.
It is also among the top 3-4 players in the machining of cylinder blocks for the tractor segment in India.
It is present across the entire value chain in the Automotive – Aluminium Products segment, providing diverse products and solutions.
It is diversified across end-user industries and caters to commercial vehicles, two-wheeler, tractor and other segments.
The company leverages cross-selling opportunities across segments to derive value for its existing and prospective customers.
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