Jyoti CNC Automation Limited IPO

09 Jan 2024 - 11 Jan 2024 Individual Category IPO NSE

Min Investment

₹28350

Price Band

₹315-₹331

Issue Size

302.11 lakhs
Equity Shares

Lot Size

45 (per lot)

IPO Dates
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09 Jan 2024

Open Date

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11 Jan 2024

Close Date

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12 Jan 2024

Allotment Date

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16 Jan 2024

Listing Date

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.

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About Jyoti Cnc Automation Limited Ipo

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.

Founded

Managing Director

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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