Jyoti CNC Automation Limited IPO: An Overview and Corporate Insight
Jyoti CNC Automation Limited was established in January 1991 and is a producer and provider of CNC machinery. The business is headquartered in India and focuses on producing and distributing CNC machinery.The product line consists of multitasking machines, simultaneous 3-axis and simultaneous 5-axis CNC machining centres, CNC turning centres, CNC turning-milling centres, CNC vertical machining centres (VMCs), and CNC horizontal machining centres (HMCs).
Indian Space Applications Center – ISRO, Turkish Aerospace, BrahMos Aerospace Thiruvananthapuram, Bharat Forge, Shakti Pumps (India), Shreeram Aerospace & Defense, Rolex Rings, Harsha Engineers, Bosch Limited, HAWE Hydraulics, Festo India, Elgi Rubber, National Fittings, and others are among the company’s clientele and the company offers 200 different types of CNC machines divided into 44 series.
Grey Market Premium Analysis and IPO Timelines – Jyoti CNC Automation IPO
Grey Market Price (GMP) trading typically initiates around 4-5 days before the IPO opens and continues until the listing date. In the case of Jyoti CNC Automation IPO, we already have GMP data for the past 6 days, providing a reasonable indication of the expected IPO listing price.
Two primary factors influence GMP. Firstly, market conditions, especially liquidity, deeply impact GMP. Secondly, the level of IPO subscription significantly affects GMP, reflecting investor interest. GMP can even be negative, suggesting a potential listing discount.
It’s crucial to note that GMP is not an official price but a widely used informal indicator. Despite its informal nature, GMP often serves as a valuable gauge for IPO demand and supply, offering insights into potential listing performance.
More than the actual price, GMP trends over time mirror the real stock story, indicating market sentiment. Here’s a brief GMP summary for Jyoti CNC Automation IPO with available data.
Jyoti CNC Automation IPO GMP :
| Date | GMP |
|---|---|
| 8-Jan-24 | ₹77 |
| 7-Jan-24 | ₹77 |
| 6-Jan-24 | ₹76 |
| 5-Jan-24 | ₹85 |
| 4-Jan-24 | ₹135 |
| 3-Jan-24 | ₹60 |
Pricing Details and Lot Size – Jyoti CNC Automation Limited IPO
The price band and lot size has not been announced yet.
Book-Running Lead Managers and Registrar – Jyoti CNC Automation Limited IPO
Equirus Capital, ICICI Securities, and SBI Capital Markets are the joint Book-Running Lead Managers (BRLMs) to the issue. Link Intime India Pvt Ltd. is the trusted registrar for Jyoti CNC Automation Limited IPO.
Offer for Sale and IPO Size Breakdown – Jyoti CNC Automation Limited IPO
The Jyoti CNC Automation Limited IPO of Rs.1000 Crores consists of a fresh book-built issue, eliminating the offer for sale component.
IPO Structure and Reservation Criteria –Jyoti CNC Automation Limited IPO
As there is no Offer-for-sale component, the fresh issue is expected to attract new capital diluting the promoting shareholding from 80.6% to 70.6%.
IPO Timelines at a Glance – Jyoti CNC Automation Limited IPO
| Event | Date |
| IPO Opening Date | January 9,2024 |
| IPO Closing Date | January 11,2024 |
| IPO Allotment Date | January 12,2024 |
| Initiation of Refunds | January 15,2024 |
| Credit of Shares to Demat | January 15,2024 |
| IPO Listing Date | January 16,2024 |
Utilization of Fresh Issuance and Technological Advancements – Jyoti CNC Automation Limited IPO
The corporation plans to use the Net Proceeds from the New Issue for repayment and/or prepayment, in full or in part, of some loans taken out by the business, meeting the long-term working capital needs of the business and general objectives of the company.
Conclusion
The company is found to be one of the leading industries in producing CNC Machines. Its products are well accepted in the domestic as well as international market. It also has a well diversified customer base. It can be a great investment for long term investors.
Frequently Asked Questions (FAQ) – Jyoti CNC Automation Limited IPO
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What does Jyoti CNC Automation Limited Ltd. specialise in?
The product line consists of multitasking machines, simultaneous 3-axis and simultaneous 5-axis CNC machining centres, CNC turning centres, CNC turning-milling centres, CNC vertical machining centres (VMCs), and CNC horizontal machining centres (HMCs).
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What is the primary purpose of Jyoti CNC Automation Limited’s IPO?
The IPO aims to pay off outstanding debts, fund capital expenditures, and address general business objectives.
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Who are the lead managers for Jyoti CNC Automation Limited’s IPO?
Equirus Capital, ICICI Securities, and SBI Capital Markets are the joint Book-Running Lead Managers (BRLMs) to the issue.
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How is the IPO structured in terms of new issuance and offer for sale (OFS)?
The IPO has no Offer-for-sale component.
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What is the lot size and minimum investment for retail investors in Jyoti CNC Automation Limited IPO?
The bid lot size has not been announced yet.
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What is the price band for Jyoti CNC Automation Limited IPO?
The IPO price band has not been announced yet.
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How has the Grey Market Premium (GMP) trended for Jyoti CNC Automation Limited IPO?
The GMP has been announced today with a value of Rs.60.
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When does the IPO open and close for subscription?
The IPO opens on January 9 2024 and closes on January 11 2024.
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When is the allotment date for Jyoti CNC Automation Limited IPO?
The allotment date is set for January 12 2024.
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When is Jyoti CNC Automation Limited expected to be listed on the stock exchanges?
The anticipated listing date for Jyoti CNC Automation Limited IPO is January 16 2024 on the BSE and NSE mainboards.
