Jyoti CNC Automation Ltd. IPO
Jyoti CNC Automation Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹331
Issue Price
Listing Price
₹372
Listing Price
Listing Gains
+₹41.00 (+12.39%)
Listing Gains
IPO Details
Bidding Dates
09 Jan - 11 Jan '24
Bidding Dates
Min. Investment
₹14,175
Min. Investment
Lot Size
45.00
Lot Size
Price Range
₹315 - ₹331
Price Range
Issue Size
952 Cr
Issue Size
Subscription Rate
- Retail Individual Investor26.17x
- Non-Institutional Investor36.48x
- Qualified Institutional Buyers44.13x
- Employees12.47x
About Company
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.
Jyoti CNC Automation IPO is a fresh book-built issue of Rs 1,000.00 crores.
Important Dates - Jyoti CNC Automation IPO
| Application opens on | 9th January 2024 |
| Last date of application | 11th January 2024 |
| Date of Allotment | 12th January 2024 |
| Refund begins from | 15th January 2024 |
| Credit of shares to Demat | 15th January 2024 |
| Listing date | 16th January 2024 |
Why should you invest in Jyoti CNC Automation Ltd. IPO?
The company is a leading manufacturing company with an emerging presence in India with presence across the entire value chain of CNC metalworking machines. The expected company valuation is around INR 7,500 crores.
Jyoti CNC Automation IPO Grey Market Premium
| Date | GMP |
|---|---|
| 8th January | Rs.77 |
| 7th January | Rs.77 |
Jyoti CNC Automation IPO Noteworthy Highlights
- The Gujarat-based company has reserved shares worth Rs 5 crore for its employees. The IPO, excluding the employee portion, is the net issue.
- 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.
Jyoti CNC Automation Ltd. IPO - SWOT Analysis
Strengths
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.
Weaknesses
Out of the total fresh issue proceeds, ₹450 crore has been earmarked for the purpose of repaying the company’s existing debts, a prudent measure to enhance financial stability and reduce financial obligations. Besides this, the company also has a fragmented market segment and is facing tough competition.
Opportunities
The corporation has vertically integrated operations along with state-of-the-art R&D department which provides extensive customization and product efficiency. The IPO overall has a strong management and execution team.
Threats
Long-term agreements between the corporation and its suppliers of input materials are absent. Any appreciable increase in expenses, decrease in availability, or reduction in quality of these commodities could have a detrimental effect on the results of operations and business.
Financial Snapshot - Jyoti CNC Automation
Check out the financial performance of Jyoti CNC Automation for recent years:
| Financial Year | Total Assets | Total Revenues | Net Profit |
|---|---|---|---|
| March 2021 | Rs 1,388.19 crore | Rs 590.09 crore | Rs -70.45 crore |
| March 2022 | Rs 1,286.24 crore | Rs 750.06 crore | Rs -48.30 crore |
| March 2023 | Rs 1,515.38 crore | Rs 952.60 crore | Rs 16.06 crore |
How to apply for Jyoti CNC Automation Ltd. IPO?
You can apply for the Jyoti CNC Automation Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Jyoti CNC Automation Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
