Jyoti CNC Automation IPO opens for subscription on January 9, 2024 and closes on January 11, 2024. The allotment for the Jyoti CNC Automation IPO is expected to be finalized on Friday, January 12, 2024. Jyoti CNC Automation IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, January 16, 2024.
Jyoti CNC Automation IPO is a book built issue of Rs 1,000.00 crores. The issue is entirely a fresh issue of 3.02 crore shares. Jyoti CNC Automation IPO price band is set at ₹315 to ₹331 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹14,895. The minimum lot size investment for sNII is 14 lots (630 shares), amounting to ₹208,530, and for bNII, it is 68 lots (3,060 shares), amounting to ₹1,012,860.
Equirus Capital Private Limited, ICICI Securities Limited and SBI Capital Markets Limited are the book running lead managers of the Jyoti CNC Automation IPO, while Link Intime India Private Ltd is the registrar for the issue.
| IPO Opening Date | January 9, 2024 |
|---|---|
| IPO Closing Date | January 11, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per share |
| IPO Price | ₹315 to ₹331 per share |
| Market Lot | 45 Shares |
| Min Order Quantity | 45 Shares |
| Listing At | BSE, NSE |
| Total Issue Size | 30,211,480 shares (aggregating up to ₹1,000.00 Cr) |
| Fresh Issue | 30,211,480 shares (aggregating up to ₹1,000.00 Cr) |
| Employee Discount | Rs 15 per share |
| Share holding pre issue | 197,204,447 |
| Share holding post issue | 227,415,927 |
| 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 |
Jyoti CNC Automation IPO opens on January 9, 2024, and closes on January 11, 2024.
| Basis of Allotment Date | January 12, 2024 |
|---|---|
| Initiation of Refunds | January 15, 2024 |
| Credit of Shares to Demat Account | January 15, 2024 |
| IPO Listing Date | January 16, 2024 |
Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
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.
The company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:
Jyoti CNC Automation IPO is a main-board IPO of 30,211,480 equity shares of the face value of ₹2 aggregating up to ₹1,000.00 Crores. The issue is priced at ₹315 to ₹331 per share. The minimum order quantity is 45 Shares.
The IPO opens on January 9, 2024, and closes on January 11, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Jyoti CNC Automation IPO opens on January 9, 2024 and closes on January 11, 2024.
Jyoti CNC Automation IPO lot size is 45 Shares, and the minimum amount required is ₹14,895.
You can apply in Jyoti CNC Automation IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Jyoti CNC Automation IPO will be done on Friday, January 12, 2024, and the allotted shares will be credited to your demat account by Monday, January 15, 2024.
Check the IPO allotment status.
The Jyoti CNC Automation IPO listing date is January 16, 2024.
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