Jyoti CNC Automation Limited Details
The Jyoti CNC Automation Limited is a fixed price issue with a total issue size of ₹1000 cr, comprising of fresh issue of 30211480 equity shares. Jyoti CNC Automation Limited opened for subscription on Jan 09, 2024 and closed on Jan 11, 2024. Jyoti CNC Automation Limited is set price band at ₹315 to ₹331 per share, with a lot size of 45 shares. Minimum investment for Retail investors was ₹14,895.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 12, 2024, and listed on both the NSE and BSE on Jan 16, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. ICICI Securities Limited, Equirus Capital Private Limited and SBI Capital Markets Limited are the Book Running Lead Manager for the issue.
Before investing in the Jyoti CNC Automation Limited, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 315 – 331
- Lot Size
- 45
- Issue Size
- ₹1000 Cr
- Minimum Investment
- ₹14895 (45 Shares)
- Listing Date
- 16 January 2024
Current GMP
₹38 (+11.48%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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 Limited 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 Limited 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.
Address / Contact Info
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
Book Running Lead Managers
- ICICI Securities Limited
- Equirus Capital Private Limited
- SBI Capital Markets Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Jyoti CNC Automation Limited is a with a total issue size of ₹1000 crore. The Jyoti CNC Automation Limited price band is ₹315 to 331 per share. The Jyoti CNC Automation Limited subscription opens on Tue, Jan 9, 2024, and closes on Thu, Jan 11, 2024. The Jyoti CNC Automation Limited will be listed on the NSE,BSE. MUFG Intime India Private Limited is the registrar for the Jyoti CNC Automation Limited.
The Jyoti CNC Automation Limited opens on Tue, Jan 9, 2024 and closes on Thu, Jan 11, 2024
Jyoti CNC Automation Limited Price Band is ₹315 to 331 per share.
Jyoti CNC Automation Limited lot size is 45 shares, Retail investors need a minimum investment of ₹14895 based on the upper price band
The minimum investment for Jyoti CNC Automation Limited is ₹14895, based on one lot of 45 shares at the upper price band of ₹331 per share.
Investors can apply for the Jyoti CNC Automation Limited 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 Limited allotment is finalized.
Jyoti CNC Automation Limited issue size is ₹1000 crores.
Jyoti CNC Automation Limited allotment date is Wed, Jul 1, 2026.
The registrar for Jyoti CNC Automation Limited is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Jyoti CNC Automation Limited allotment status, refund processing, and other IPO-related information.
The Jyoti CNC Automation Limited 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 Limited listing price is ₹369, indicating a potential listing gain of approximately 0% over the issue price.