Introduction:
Jyoti CNC Automation Limited, a renowned manufacturer and supplier of CNC machines, is all set to make waves in the financial market with its Initial Public Offering (IPO). The IPO, a book-built issue, is valued at Rs 1,000.00 crores, offering a fresh issue of 3.02 crore shares. With a robust product line and a global footprint, Jyoti CNC Automation aims to raise capital to fuel its expansion and innovation initiatives.
Key Dates:
- IPO Period: January 9, 2024, to January 11, 2024
- Allotment Date: January 12, 2024
- Listing Date: January 16, 2024
Price Band:
- Minimum Price: ₹315 per share
- Maximum Price: ₹331 per share
Lot Size:
- Minimum Lot Size: 45 Shares
Issue Size:
- Total Issue Size: 30,211,480 shares (₹1,000.00 Cr)
- Fresh Issue: 30,211,480 shares (₹1,000.00 Cr)
- Employee Discount: ₹15 per share
Jyoti CNC Automation IPO Today GMP
| Price Range (a) | Lot Size (b) | Max. Investment (c) | Bid Dates (d) | Listing Date | GMP Yesterday (f) | GMP Today (g) | Expected Share Price (h) | Expected Profit per Lot (i) | Buy Y/N (j) |
|---|---|---|---|---|---|---|---|---|---|
| ₹ 315 to ₹ 331 | 45 | ₹ 14,865 | 09-Jan-24 to 11-Jan-24 | 16-Jan-24 | ₹ 85 | ₹ 85 | ₹ 416 | ₹ 3825 | Y |
| Date | GMP |
|---|---|
| 5-Jan-24 | ₹ 85 |
| 4-Jan-24 | ₹ 135 |
| 3-Jan-24 | ₹ 60 |
Market Listings:
- Listed On: BSE, NSE
Reservation:
- QIB Shares Offered: Not less than 75% of the Net Issue
- Retail Shares Offered: Not more than 10% of the Net Issue
- NII (HNI) Shares Offered: Not more than 15% of the Net Issue
IPO Lot Size:
Investors can participate in the Jyoti CNC Automation IPO with a minimum lot size of 45 shares. The table below outlines the minimum and maximum investments for both retail and high-net-worth investors:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,895 |
| Retail (Max) | 13 | 585 | ₹193,635 |
| S-HNI (Min) | 14 | 630 | ₹208,530 |
| S-HNI (Max) | 67 | 3,015 | ₹997,965 |
| B-HNI (Min) | 68 | 3,060 | ₹1,012,860 |
Promoter Holding:
The promoters of Jyoti CNC Automation Limited are Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP.
- Share Holding Pre Issue: 72.66%
- Share Holding Post Issue: [To be Updated]
About Jyoti CNC Automation Limited:
Incorporated in January 1991, Jyoti CNC Automation Limited has established itself as a leading manufacturer and supplier of CNC machines. The company’s product range includes CNC turning centres, CNC vertical and horizontal machining centres, simultaneous 3-axis and 5-axis CNC machining centres, and multi-tasking machines. With a customer base spanning across the globe, including prestigious organizations like ISRO, Bharat Forge, and Bosch Limited, Jyoti CNC has delivered over 30,000 CNC machines worldwide.
Financial Performance:
Jyoti CNC Automation Limited has displayed robust financial performance, as evidenced by the following key indicators:
| KPI | Values |
|---|---|
| P/E (x) | 324.5 |
| ROE | 18.35% |
| ROCE | 9.50% |
| Debt/Equity | 10.17 |
| EPS (Rs) | 1.02 |
| RoNW | 18.35% |
Objects of the Issue:
The net proceeds from the IPO will be allocated towards the following objectives:
- 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.
- General corporate purposes.
Conclusion:
Jyoti CNC Automation Limited’s IPO presents a compelling opportunity for investors to be part of a company that has consistently demonstrated excellence in the CNC machine manufacturing industry. With a strong financial track record, a diverse product portfolio, and global reach, Jyoti CNC Automation is poised for significant growth. As the IPO unfolds, investors can anticipate the company’s stock listing on BSE and NSE on January 16, 2024, with high expectations for a successful market debut.
Read More :
Main Page: https://upstox.instasav.in/
Disclaimer
The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments.
Past performance of securities/instruments is not indicative of their future performance.
