Jyoti CNC Automation IPO
GMP, Subscription, Price, Dates & Financial Details
Incorporated in January 1991, Jyoti CNC Automation Limited is a manufacturer and supplier of CNC machines. The company is based in India and specializes in manufacturing and supplying CNC machines.The product range includes CNC turning centres, CNC turning-milling centres, CNC vertical machining…
Open Date
Tue, 09 Jan 2024
Close Date
Thu, 11 Jan 2024
Price Band
₹ 315 – 331
Lot Size
45
Issue Size
₹ 1,000.00 Cr
Minimum Investment
₹ 14,895 (45 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Jyoti CNC Automation IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹1,000 Crore, comprising a fresh issue of 3.02 Crore equity shares aggregating to ₹1,000.00 Crore.
The Jyoti CNC Automation IPO remained open for subscription from January 09, 2024, to January 11, 2024. The basis of allotment was finalized on January 12, 2024, and the company's shares were listed on the NSE and BSE on January 16, 2024.
The company had fixed the price band at ₹315 to ₹331 per share, with a lot size of 45 shares. Retail investors were required to make a minimum investment of ₹14,895 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 158,227 equity shares for eligible employees, who received a discount of ₹15 per share.
MUFG Intime India Private Limited served as the registrar to the issue. ICICI Securities Limited, SBI Capital Markets Limited, and Equirus Capital Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Jyoti CNC Automation Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Jyoti CNC Automation IPO Timeline (Tentative)
- IPO Open Date
- Tue, 09 Jan 24
- IPO Close Date
- Thu, 11 Jan 24
- Basis of Allotment
- Fri, 12 Jan 24
- Initiation of Refunds
- Mon, 15 Jan 24
- Credit of Shares to Demat
- Mon, 15 Jan 24
- Listing Date
- Tue, 16 Jan 24 — NSE & BSE
Open Date
09 January 2024
Close Date
11 January 2024
Basis Of Allotment
12 January 2024
Listing Date
16 January 2024
IPO Subscription
Check Live Subscription →The Jyoti CNC Automation IPO has received bids for 67,58,08,200 shares against 1,66,91,460 shares offered, resulting in an overall subscription of 40.49x. the NII category is subscribed 38.33x, Retail Investors 27.5x, Employees 13.14x, and QIBs 46.37x. Within the NII category, BNII is subscribed 42.77x, while SNII is subscribed 29.47x.
QIB
46.37x
NII
38.33x
BNII
42.77x
SNII
29.47x
RII
27.5x
EMP
13.14x
Total
40.49x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 30,06,042 shares, representing 9.95% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 90,18,127 shares (29.84%), while Non-Institutional Investors (NIIs) receive 45,09,064 shares (14.92%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 13,527,190 | 44.76% |
| Qualified Institutions | 9,018,127 | 29.84% |
| Non-Institutional | 4,509,064 | 14.92% |
| BNII | 3,006,042 | 9.95% |
| SNII | 1,503,021 | 4.97% |
| Retail Investors | 3,006,042 | 9.95% |
| Employees | 158,227 | 0.52% |
| Total | 30,218,650 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 1706.07 | 1515.38 | 1286.24 | 1388.19 |
| Revenue | 510.53 | 952.6 | 750.06 | 590.09 |
| Profit After Tax | 3.35 | 15.06 | -48.3 | -70.03 |
| Net Worth | 205.63 | 36.23 | -29.68 | 18.67 |
| Reserve & Surplus | 213.33 | 49.14 | 11.67 | 83.11 |
| Total Borrowings | 821.4 | 834.97 | 792.16 | 725.12 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Jyoti CNC Automation Limited KPI Information
| Particular | The market capitalization of Jyoti CNC Automation IPO is Rs 7527.47 Cr. |
|---|---|
| ROE % | 18.35 |
| ROCE % | 9.5 |
| Debt / Equity | 10.17 |
| RoNW % | 18.35 |
| PbW | 59.43 |
Peers Comparison
No Peer Comparision Available
About Jyoti CNC Automation Limited
Incorporated in January 1991, Jyoti CNC Automation Limited is a manufacturer and supplier of CNC machines. The company is based in India and specializes in manufacturing and supplying CNC machines.
The product range includes 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.
The company's customer base includes 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 and others.
The company has a wide range of CNC machines with 200 types in 44 series. In the last three financial years, over 7,200 machines have been supplied to more than 3,000 customers worldwide, including India, Europe, North America and a few parts of Asia. Since April 1, 2004, Jyoti CNC has delivered over 30,000 CNC machines worldwide.
The company distributes its products worldwide through Huron's established dealer network and also has 29 sales and service centres in Romania, France, Poland, Belgium, Italy and the UK.
The company has three manufacturing facilities, two of which are located in Rajkot, Gujrat, and another in Strasbourg, France, which has the necessary capabilities to design, develop and manufacture the entire product line.
As of June 30, 2023, the company's production capacity was 4,400 machines per year in India and 121 machines per year in France.
As of June 30, 2023, the Company had an order backlog of ₹ 31,430.56 million, including an order of ₹ 2,602.50 million from an electronic manufacturing services (EMS) company.
As of June 30, 2023, the company had a total of 2,573 employees.
Jyoti CNC Automation IPO Promoters
Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP
Promoters Holding
Holding Pre Issue
72.66%
Holding Post Issue
62.60%
Jyoti CNC Automation IPO Objective
Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company;
Funding long-term working capital requirements of the company; and
General corporate purposes.
Jyoti CNC Automation Limited Address / Contact Details
Jyoti CNC Automation Limited
G - 506, Lodhika GIDC
Village Metoda,
Rajkot – 360 021,
Phone: + 91-2827–235182
Email: investors@jyoti.co.in
Website: https://jyoti.co.in/
IPO Snapshot
Jyoti CNC Automation IPO Lot Size
The Jyoti CNC Automation IPO has a lot size of 45 shares. Retail investors require a minimum investment of ₹14,895 by applying for 1 lot (45 shares). The maximum application allowed for the retail category is 13 lots (585 shares), requiring an investment of ₹1,93,635.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 45 | 14,895.00 |
| Retail (Max) | 13 | 585 | 193,635.00 |
| S-HNI (Min) | 14 | 630 | 208,530.00 |
| S-HNI (Max) | 67 | 3,015 | 997,965.00 |
| B-HNI (Min) | 68 | 3,060 | 1,012,860.00 |
Issue Reservation
- Anchor Investors — 44.76%
- QIB — 29.84%
- NII — 14.92%
- RII — 9.95%
- EMP — 0.52%
Book Running Lead Managers
- ICICI Securities Limited
- SBI Capital Markets Limited
- Equirus Capital Private Limited
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Jyoti CNC Automation IPO?
Jyoti CNC Automation IPO is a with a total issue size of ₹1000 crore. The Jyoti CNC Automation IPO price band is ₹315 to 331 per share. The Jyoti CNC Automation IPO subscription opens on Tue, Jan 9, 2024, and closes on Thu, Jan 11, 2024. The Jyoti CNC Automation IPO will be listed on the NSE,BSE. MUFG Intime India Private Limited is the registrar for the Jyoti CNC Automation IPO.
When will the Jyoti CNC Automation IPO open for subscription?
The Jyoti CNC Automation IPO opens on Tue, Jan 9, 2024 and closes on Thu, Jan 11, 2024
What is Jyoti CNC Automation IPO Price Band?
Jyoti CNC Automation IPO Price Band is ₹315 to 331 per share.
What is Jyoti CNC Automation IPO Lot Size?
Jyoti CNC Automation IPO lot size is 45 shares, Retail investors need a minimum investment of ₹14895 based on the upper price band
What is the minimum investment for Jyoti CNC Automation IPO?
The minimum investment for Jyoti CNC Automation IPO is ₹14895, based on one lot of 45 shares at the upper price band of ₹331 per share.
How to apply for Jyoti CNC Automation IPO?
Investors can apply for the Jyoti CNC Automation IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jan 11, 2024. The application amount remains blocked until the Jyoti CNC Automation IPO allotment is finalized.
What is Jyoti CNC Automation IPO Issue Size?
Jyoti CNC Automation IPO issue size is ₹1000 crores.
What is the Jyoti CNC Automation IPO Allotment Date?
Jyoti CNC Automation IPO allotment date is Fri, Jan 12, 2024.
Who is the Jyoti CNC Automation IPO Registrar?
The registrar for Jyoti CNC Automation IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Jyoti CNC Automation IPO allotment status, refund processing, and other IPO-related information.
What is the Jyoti CNC Automation IPO GMP?
The Jyoti CNC Automation IPO GMP (Grey Market Premium) is ₹38 as of Tue, Jan 16, 2024. Based on the upper price band of ₹331 per share, the estimated Jyoti CNC Automation IPO listing price is ₹369, indicating a potential listing gain of approximately 11.48% over the issue price.
Who is the Jyoti CNC Automation IPO Lead Manager?
The book-running lead managers (BRLMs) for the Jyoti CNC Automation IPO are SBI Capital Markets Limited, and Equirus Capital Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Jyoti CNC Automation IPO Red Herring Prospectus (RHP).