IPO Details
Bidding Dates
08 Jan '24 - 10 Jan '24
Minimum Investment
₹14,895 / 1 Lots ( 45 Shares )
Price Range
₹315 - ₹331
Maximum Investment
₹193,635 / 13 Lots ( 585 Shares )
Retail Discount
Not Applicable
Issue Size
₹1,000.00 Cr
Investor category and sub category
Retail Individual Investors | Qualified Institutional Bidders | Non-Institutional Bidders |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Jan 8, 2024
Closing Date
Jan 10, 2024
Basis of Allotment
Jan 11, 2024
Initiation of Refunds
Jan 14, 2024
Credit of Shares to Demat
Jan 14, 2024
Listing Date
Jan 15, 2024
Cut-off time for UPI mandate confirmation
Jan 10, 2024
IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Jan 8, 2024 |
0.02x | 3.84x | 8.84x | 2.70x |
Day 2Jan 9, 2024 |
0.23x | 6.83x | 11.74x | 4.14x |
Day 3Jan 10, 2024 |
0.28x | 13.00x | 18.52x | 7.08x |
IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 0.28 |
| Non-Institutional Buyers | 13.00 |
| Retail Investors | 18.52 |
| Employees | 8.80 |
| Total | 7.08 |
About Jyoti CNC Automation Ltd.
Jyoti CNC Automation Ltd is one of the leading manufacturers of metal-cutting Computer Numerical Control (CNC) machines globally, with the third largest market share in India, accounting for approximately 10% of the market share in India in FY 2023 and 12th largest market share globally, accounting for 0.4% of the market share globally in the CY 2022.
It is a manufacturer of simultaneous 5-axis CNC machines in India and supplies a diverse portfolio of CNC machines, including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs) and CNC Horizontal Machining Centers (HMCs). The company’s client base spans multiple industries, from defence and aerospace to general engineering, automotive components, die and mould industries, and EMS, among others. As of September 30, 2023, the company’s order book amounted to ₹33,153.26 million.
The global CNC machines market is anticipated to experience a compound annual growth rate (CAGR) of 9.9% from the calendar year 2023 to 2027. This projected expansion is primarily attributed to the rise in manufacturing sectors, driven by factors like industrial automation and the incorporation of computer-aided manufacturing.
Jyoti CNC Automation Limited IPO Details
Jyoti CNC Automation Limited IPO Date
Jyoti CNC Automation Ltd IPO is a 100% fresh issue by which the company is planning to raise up to ₹1,000 crore. Jyoti CNC Automation Ltd’s IPO will open on January 9, 2024. It is a book-built issue IPO.
Jyoti CNC Automation Limited IPO's Price Band
The price of the IPO has not been fixed yet.
Jyoti CNC Automation Limited IPO’s Lot Size
The price of the IPO has not been fixed yet.
Jyoti CNC Automation Limited IPO’s Objectives
The objectives of Jyoti CNC Automation Ltd IPO are listed below
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company.
- Funding long-term working capital requirements.
- General corporate purposes.
Peer Details
As per RHP, the company has 5 listed peers given below:
- Elgi Equipments Limited
- Lakshmi Machine Works Limited
- Triveni Turbine Limited
- TD Power Systems Limited
- Macpower CNC Machines Limited
How To Check the Allotment Status of Jyoti CNC Automation Limited’s IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Jyoti CNC Automation Limited
Registered office: G - 506, Lodhika GIDC, Village Metoda, Rajkot – 360 021, Gujarat, India
Contact Person: Maulik B Gandhi, (Company Secretary and Compliance Officer)
Phone: + 91-2827235182
E-mail: investors@jyoti.co.in
Company Financials
| Particulars | Period Ending on September 30, 2023 | Year Ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Total Income | 5,105.29 | 9,526.00 | 7,500.61 | 5,900.92 |
| Profit After Tax (PAT) | 33.52 | 150.60 | (483.00) | (700.29) |
| Assets | 17,060.65 | 15,153.81 | 12,862.35 | 13,881.92 |
| Net Worth | 2,056.26 | 362.29 | (296.75) | 186.65 |
| Total Borrowings | 8,214.04 | 8,349.74 | 7,921.57 | 7,251.17 |
Know before investing
Strengths
3-
Jyoti CNC Automation Limited offers a comprehensive CNC solution (including machining units, multi-tasking machines and turning centres) that caters to all customer requirements, serving as a single point of contact.
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The company has a broad presence throughout the CNC metal-cutting machinery value chain, maintaining a vertically integrated operation adhering to international standards.
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Jyoti CNC Automation Limited places a strong emphasis on technology and is dedicated to providing innovative solutions to its valued clientele.
Risks
3-
The company, along with its affiliated companies and board members, are currently dealing with various ongoing legal matters.
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The demand for products offered by Jyoti CNC Automation Limited is intricately linked to the spending and demand patterns in the aerospace, automotive, auto ancillary, general engineering, and government sectors. A decline in these industries would significantly reduce the demand for the company's products and services.
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A surge in raw material costs or any disruption in their sourcing or availability could significantly impact the company's financial performance.
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Jyoti CNC Automation IPO FAQs
Jyoti CNC Automation Ltd IPO is a 100% fresh issue. The company is planning to raise up to ₹1,000 crore.
The Basis of Allotment will be on January 12, 2024.
The IPO subscription window will open on January 09, 2024.
The lot size of the IPO has not been fixed yet.
Jyoti CNC Automation Ltd IPO will be listed on BSE and NSE. The date of listing is January 16, 2024.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
