Jyoti CNC Automation is scheduled to hit the market on January 9, 2024 and close on January 11, 2024. Jyoti CNC Automation plans to raise around ₹1,000.00 Cr through an IPO with a sale of up to 30,211,480 equity shares of ₹2 each. The Retail offered 10%, QIB Shares Offered 75%, HNI Shares Offered 15%.
Incorporated in January 1991, Jyoti CNC Automation Limited is a leading Indian manufacturer and supplier specializing in the production and distribution of CNC machines. Renowned within the industry, the company offers an extensive product lineup that encompasses CNC turning centres, CNC turning-milling centres, CNC vertical machining centres (VMCs), CNC horizontal machining centres (HMCs), simultaneous 3-axis CNC machining centres, simultaneous 5-axis CNC machining centres, and versatile multi-tasking machines.
TNotably, Jyoti CNC Automation Limited boasts a distinguished clientele that includes esteemed entities such as the Indian Space Applications Center – ISRO, BrahMos Aerospace Thiruvananthapuram, Turkish Aerospace, Uniparts India, Tata Advances System, Tata Sikorsky Aerospace, Bharat Forge, Shakti Pumps (India), Shreeram Aerospace & Defense, Rolex Rings, Harsha Engineers, Bosch Limited, HAWE Hydraulics, Festo India, Elgi Rubber, National Fittings, among others.
Jyoti CNC Automation IPO Details
Jyoti CNC Automation IPO opens on Jan 9, 2024, and closes on Jan 11, 2024. The Listing date for Jyoti CNC Automation IPO is on Jan 16, 2024. The price band for IPO is ₹315 to ₹331 per share and lot size of 45 Shares.
| IPO Date | Jan 9, 2024 to Jan 11, 2024 |
| Listing Date | Jan 16, 2024 |
| Price | ₹315 to ₹331 per share |
| Lot Size | 45 Shares |
| Issue Size | ₹1,000.00 Cr |
| Face Value | ₹2 per share |
Jyoti CNC Automation IPO Tentative Timetable
Jyoti CNC Automation opening date is January 9, 2024 and close date is January 11, 2024. The IPO allotment date is January 12, 2024. The refund initiation of IPO is on January 15, 2024. The credit of shares in demat account is on January 15, 2024. The listing date is on January 16, 2024.
| Event | Date |
|---|---|
| IPO Opening | Jan 9, 2024 |
| IPO Closing | Jan 11, 2024 |
| IPO Allotment Date | Jan 12, 2024 |
| Refund Initiation | Jan 15, 2024 |
| Shares Credit to Demat | Jan 15, 2024 |
| Lisiting Date | Jan 16, 2024 |
Jyoti CNC Automation IPO Lot Size
Lot Size of this IPO is 45 shares. A retail-individual investor can apply for up to 13 lots (585 shares or ₹193,635).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 45 | ₹14,895 |
| Retail(Maximum) | 13 | 585 | ₹193,635 |
| S-HNI (Minimum) | 14 | 630 | ₹208,530 |
| B-HNI (Minimum) | 68 | 3060 | ₹1,012,860 |
Jyoti CNC Automation IPO Promoter Holding
| Pre Issue Share Holding | 72.66% |
| Post Issue Share Holding |
Jyoti CNC Automation IPO Review
Jyoti CNC Automation Limited stands as a prominent player in the CNC machine industry, boasting a diverse range of 200 types in 44 series. Over its operational tenure since April 1, 2004, the company has successfully delivered an impressive count of over 30,000 CNC machines to a global clientele, spanning regions such as India, Europe, North America, and parts of Asia. The company's expansive reach is fortified by its robust distribution network, leveraging Huron's established dealer connections and 29 sales and service centers across Europe. With three state-of-the-art manufacturing facilities, including two in Rajkot, Gujarat, and one in Strasbourg, France, Jyoti CNC possesses the capability to design, develop, and produce its entire product lineup. This strategic positioning is further highlighted by its production capacities, registering 4,400 machines annually in India and 121 machines in France as of June 30, 2023.
Jyoti CNC's financial trajectory underscores its growth momentum, as evidenced by a 27% surge in revenue and an impressive 131.18% rise in PAT between FY 2022 and FY 2023. Despite facing challenges in previous fiscal years, the company has rebounded strongly, positioning itself for enhanced profitability and operational efficiency. As of June 30, 2023, the company reported an order backlog of ₹ 31,430.56 million, including a significant ₹ 2,602.50 million order from a leading electronic manufacturing services (EMS) entity. However, it's essential to note the company's financial leveraging, with total borrowings amounting to ₹ 821.40 crore, emphasizing the importance of its proposed utilization of IPO proceeds for debt repayment and long-term working capital requirements.
In its IPO proposal, Jyoti CNC Automation Limited intends to leverage the net proceeds for strategic objectives, including the repayment of existing borrowings, funding long-term working capital requirements, and general corporate purposes. This allocation strategy aims to strengthen the company's balance sheet, optimize its capital structure, and facilitate sustained growth in its operational and market endeavors. Prospective investors should consider the company's growth prospects, market positioning, competitive landscape, and operational efficiencies to evaluate the IPO's attractiveness comprehensively. Conducting a thorough due diligence encompassing industry dynamics, financial metrics, order backlog, and strategic imperatives will enable potential investors to make informed decisions, assessing the investment potential and risks associated with Jyoti CNC's IPO.
Jyoti CNC Automation IPO Subscription Status (Bidding Details)
Table not foundJyoti CNC Automation IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Jyoti CNC Automation IPO FAQs
What is Jyoti CNC Automation IPO?
Jyoti CNC Automation is issuing 30,211,480 equity shares with a face value of ₹2 each, totaling up to ₹1,000.00 Cr. The shares are being offered at a price of ₹315 to ₹331 each, with a minimum order quantity of 45 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Jyoti CNC Automation IPO will open?
Jyoti CNC Automation will open on January 9, 2024 for QIB, NII, and Retail Investors.
When Jyoti CNC Automation IPO will end?
Jyoti CNC Automation will end on January 11, 2024.
What is Jyoti CNC Automation IPO Size?
Jyoti CNC Automation IPO size is ₹1,000.00 Cr.
What is Jyoti CNC Automation IPO Price Band?
Jyoti CNC Automation price band is ₹315 to ₹331 per share.
What is the Jyoti CNC Automation IPO Allotment Date?
Jyoti CNC Automation allotment date is January 12, 2024.
What is the Jyoti CNC Automation IPO Listing Date?
Jyoti CNC Automation listing date is January 16, 2024. The IPO is to be listed on BSE and NSE.
How to Apply Jyoti CNC Automation IPO through Zerodha?
To apply for the IPO “Jyoti CNC Automation” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Jyoti CNC Automation IPO through Upstox?
To apply for the IPO “Jyoti CNC Automation” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Jyoti CNC Automation IPO Allotment Status?
For Jyoti CNC Automation IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Jyoti CNC Automation IPO GMP?
You can check out here: Jyoti CNC Automation IPO GMP