The Jyoti CNC Automation date has been confirmed from January 9, 2024 and closes on January 11, 2024.
Jyoti CNC Automation Developers IPO is a fixed price issue of Rs 1,000.00 crores. The price band is set at ₹315 to ₹331 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹14,895. The minimum lot size investment for sNII is 14 lots (630 shares), amounting to ₹208,530, and for bNII, it is 68 lots (3,060 shares), amounting to ₹1,012,860.
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Bidding Dates
January 9-11
Price Range
₹315 to ₹331 per share
Face Value
₹2 per share
GMP
₹38
Jyoti CNC Automation IPO GMP
The Jyoti CNC Automation IPO GMP is ₹38.
IPO Overview
The Jyoti CNC Automation IPO is a book-built offering for Rs 1,000.00 crores. The problem is completely new. The Jyoti CNC Automation IPO goes on sale on January 9, 2024, and closes on January 11, 2024. The Jyoti CNC Automation IPO allotment is expected to be completed on Friday, January 12, 2024. Jyoti CNC Automation IPO will be listed on the BSE and NSE, with a tentative listing date of Tuesday, January 16, 2024. The price bands for Jyoti CNC Automation’s initial public offering are yet to be revealed.
Huron’s established dealer network sells its goods internationally, and the firm also has 29 sales and service locations in Romania, France, Poland, Belgium, Italy, and the United Kingdom. The company has three manufacturing sites, two in Rajkot, Gujarat, and one in Strasbourg, France, all of which have the essential capabilities to design, develop, and manufacture the whole product line.
The company’s production capacity in India was 4,400 units per year as of June 30, 2023, and 121 machines per year in France. The Company has an order backlog of 31,430.56 million as of June 30, 2023, including a $2,602.50 million order from an electronic manufacturing services (EMS) company. The corporation employed 2,573 people as of June 30, 2023.
Jyoti CNC Automation IPO Details
| IPO Date | January 9, 2024 to January 11, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹315 to ₹331 per share |
| Lot Size | 45 Shares |
| Total Issue Size | 30,211,480 shares (aggregating up to ₹1,000.00 Cr) |
| Fresh Issue | 30,211,480 shares (aggregating up to ₹1,000.00 Cr) |
| Employee Discount | Rs 15 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 197,204,447 |
| Share holding post issue | 227,415,927 |
Jyoti CNC Automation Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,706.07 | 1,515.38 | 1,286.24 | 1,388.19 |
| Revenue | 510.53 | 952.60 | 750.06 | 590.09 |
| Profit After Tax | 3.35 | 15.06 | -48.30 | -70.03 |
| Net Worth | 205.63 | 36.23 | -29.68 | 18.67 |
| Reserves and Surplus | 213.33 | 49.14 | 11.67 | 83.11 |
| Total Borrowing | 821.40 | 834.97 | 792.16 | 725.12 |
Jyoti CNC Automation IPO Timeline
| IPO Open Date | Tuesday, January 9, 2024 |
| IPO Close Date | Thursday, January 11, 2024 |
| Basis of Allotment | Friday, January 12, 2024 |
| Initiation of Refunds | Monday, January 15, 2024 |
| Credit of Shares to Demat | Monday, January 15, 2024 |
| Listing Date | Tuesday, January 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 11, 2024 |
Company Profile
Jyoti CNC Automation Limited, founded in January 1991, is a producer and provider of CNC machines. The company is situated in India and specialises in the production and distribution of CNC equipment. 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 multi-tasking machines are among the products available. ISRO, BrahMos Aerospace Thiruvananthapuram,
Turkish Aerospace, Uniparts India, Tata Advances System, Tata Sikorsky Aerospace, Bharat Forge, Shakti Pumps (India), Shreeram Aerospace & Defence, Rolex Rings, Harsha Engineers, Bosch Limited, HAWE Hydraulics, Festo India, Elgi Rubber, National Fittings, and others are among the customers. The company offers 200 different CNC machines in 44 different series. Over 7,200 computers have been delivered to over 3,000 customers globally in the last three fiscal years, including India, Europe, North America, and a few regions of Asia. Jyoti CNC has delivered over 30,000 CNC machines worldwide since April 1, 2004.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | jyoticnc.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Jyoti CNC Automation Limited |
| Phone number | + 91-2827–235182 |
| Email ID | investors@jyoti.co.in |
| Website | jyoti.co.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
