01-Jan-2024
2 mins read
The upcoming Initial Public Offering (IPO) of Jyoti CNC Automation is set to be a completely fresh issue, valued at Rs 1,000 crores. The subscription period for the Jyoti CNC Automation IPO commences on January 9, 2024, and concludes on January 11, 2024. The price range for the Jyoti CNC Automation IPO is established at ₹315 to ₹331 per share. Equirus Capital Private Limited, ICICI Securities Limited, and SBI Capital Markets Limited will manage the IPO’s book-building process. Link Intime India Private Ltd has also been appointed as the registrar for this forthcoming issue.
Jyoti CNC Automation Company Profile
Jyoti CNC Automation Limited is a well-known CNC machine manufacturer and supplier in India, having been established in January 1991. The company specialises in a wide range of CNC machinery, including modern 3-axis and 5-axis CNC machining centres, vertical and horizontal CNC machining centres, CNC turning centres, and CNC turning-milling centres, among others. Notably, the industry has paid much attention to their multitasking equipment as well.
Turkish Aerospace, BrahMos Aerospace Thiruvananthapuram, and the Indian Space Applications Center – ISRO are just a few of the esteemed and varied clients of Jyoti CNC Automation. Major Indian and international companies, including Tata Advances System, Tata Sikorsky Aerospace, Bharat Forge, and Bosch Limited, to mention a few, are also served by the organisation. This diverse clientele highlights the business’s robust market position and the excellent calibre of its output.
Jyoti CNC Automation has provided over 7,200 machines to over 3,000 customers worldwide over the last three years, encompassing markets in Europe, North America, Asia, and India. This is an outstanding accomplishment. The company has delivered more than 30,000 CNC machines worldwide since April 1, 2004. Huron’s extensive dealer network supports the company’s distribution network, and it has 29 sales and service centres in several European nations.
Jyoti CNC Automation prides itself on its manufacturing prowess, with three state-of-the-art facilities. Two of these are located in Rajkot, Gujarat, and a third in Strasbourg, France. These facilities are equipped to handle the full spectrum of product design, development, and manufacturing. As of June 30, 2023, the company boasted a production capacity of 4,400 machines annually in India and 121 in France.
The company’s order backlog as of June 30, 2023, stood at an impressive Rs 31,430.56 million, which included a significant Rs 2,602.50 million order from an electronic manufacturing services company. Furthermore, as a testament to its growth and operational scale, the company employed a total of 2,573 staff members as of the same date.
Financials of Jyoti CNC Automation Limited (In Rs Crore)
Jyoti CNC Automation Limited experienced a significant financial uplift, with their revenue growing by 27% and profit after tax (PAT) surging by 131.18% in the fiscal year ending March 31, 2023, compared to the previous year ending March 31, 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 1,515.38 | 1,286.24 | 1,388.19 |
| Revenue | 952.6 | 750.06 | 590.09 |
| Profit After Tax | 15.06 | -48.3 | -70.03 |
| Net Worth | 36.23 | -29.68 | 18.67 |
| Reserves and Surplus | 49.14 | 11.67 | 83.11 |
| Total Borrowing | 834.97 | 792.16 | 725.12 |
Important Dates for Jyoti CNC Automation Limited IPO
| IPO Date | January 9, 2024 to January 11, 2024 |
| Listing Date | Tuesday, January 16, 2024 |
| Face Value | Rs 2 per share |
| Price | ₹315 to ₹331 per share |
| Lot Size | 45 Shares |
| Total Issue Size | Aggregating up to Rs 1,000 Crore |
| Fresh Issue | Aggregating up to Rs1,000 Crore |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 195,757,090 |
IPO Reservation of Jyoti CNC Automation
| Investor Category | Shares Offered |
| 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 |
Key Performance Indicator of Jyoti CNC Automation IPO
| KPI | Values |
| ROE | 18.35% |
| ROCE | 9.50% |
| EPS (Rs) | 0.1 |
| RoNW | 18.35% |
Objectives of the Jyoti CNC Automation Limited IPO
Specific plans for the use of the net proceeds from its fresh issue have been provided by Jyoti CNC Automation Limited. A portion of these cash will be used by the corporation to settle its current debts in full or in part. Furthermore, a major emphasis will be on supporting the business’s long-term working capital requirements. The residual money will be used for various broad corporate initiatives targeted at improving the company’s overall competitiveness and operational effectiveness.
Promoters of Jyoti CNC Automation Limited IPO
The promoters of the company are Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP.
Jyoti CNC Automation IPO Promoter Holding
| Shareholding Pre Issue | 72.66% |
| Shareholding Post Issue |
Lead Managers of the Jyoti CNC Automation Limited IPO
The lead managers of Jyoti CNC Automation Limited IPO are Equirus Capital Private Limited, ICICI Securities Limited and SBI Capital Markets Limited.
How to Apply for the Jyoti CNC Automation Limited IPO
Wait for the public issue to open for subscription, then click on this link to apply for the Jyoti CNC Automation Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check the Allotment Status of Jyoti CNC Automation Limited IPO?
The registrar for Jyoti CNC Automation Limited IPO is Link Intime India Private Ltd. To check your allotment status, please click on this link https://linkintime.co.in/mipo/ipoallotment.html
FAQs
- What is the Jyoti CNC Automation Limited IPO?
The Jyoti CNC Automation Limited IPO is an Initial Public Offering for the sale of shares in Jyoti CNC Automation Limited, a leading CNC machine manufacturer in India. It is a fresh issue valued at Rs 1,000 crores.
- When will the Jyoti CNC Automation IPO be available?
The specific dates for the IPO are January 9, 2024 to January 11, 2024.
- What is the price per share for the IPO?
The price per share and the price band for the IPO are 45 shares, with a range of ₹315 to ₹331 per share.
- Who are the lead managers for the book-building process for the IPO?
Equirus Capital Private Limited, ICICI Securities Limited, and SBI Capital Markets Limited are managing the book-building process.
- Who has been appointed as the registrar for the IPO?
Link Intime India Private Ltd has been appointed as the registrar for the IPO.
- What products does Jyoti CNC Automation specialise in?
Jyoti CNC Automation specializes in a variety of CNC machinery, including 3-axis and 5-axis CNC machining centres, CNC turning centres, and CNC turning-milling centres.
- Who are some of the notable clients of Jyoti CNC Automation?
Their clients include Turkish Aerospace, BrahMos Aerospace Thiruvananthapuram, ISRO, Tata Advances System, Tata Sikorsky Aerospace, Bharat Forge, and Bosch Limited.
- What is the manufacturing capacity of Jyoti CNC Automation?
As of June 30, 2023, the company has a production capacity of 4,400 machines annually in India and 121 in France.
- What are the financial highlights of Jyoti CNC Automation Limited?
For the fiscal year ending March 31, 2023, the company saw a 27% increase in revenue and a 131.18% surge in profit after tax compared to the previous fiscal year.
- What are the objectives of the IPO?
The net proceeds from the issue will be used to settle current debts, support long-term working capital requirements, and fund various corporate initiatives.
- How can I apply for the Jyoti CNC Automation IPO?
You can apply for the IPO once it opens for subscription by visiting the link provided for IPO applications on Bigul’s website.
- How can I check the allotment status of the IPO?
The allotment status can be checked by visiting Link Intime India Private Ltd’s website for IPO allotment status.
- Who are the promoters of Jyoti CNC Automation Limited IPO?
The promoters are Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP.