The highly anticipated Jyoti CNC Automation IPO is set to redefine the landscape of precision manufacturing. With a book-built issue valued at a staggering Rs 1,000.00 crores, this IPO introduces investors to an exciting opportunity with a fresh issue of 3.02 crore shares. In this article, we’ll delve into the intricate details of the IPO, exploring everything from the subscription schedule to the company’s financial performance and future objectives.
Jyoti CNC Automation Limited, established in January 1991, stands as a global leader in CNC machine manufacturing. With an extensive product range, including CNC turning centres, milling centres, and multi-tasking machines, the company serves prestigious clients such as ISRO, Turkish Aerospace, and Bosch Limited. Boasting three manufacturing facilities in India and France, Jyoti CNC has delivered over 30,000 CNC machines worldwide.
IPO Schedule
The subscription window for the Jyoti CNC Automation IPO opens on January 9, 2024, and closes on January 11, 2024. Investors can eagerly anticipate the allotment results on Friday, January 12, 2024, while the listing on BSE and NSE is scheduled for Tuesday, January 16, 2024.
| Event | Details |
|---|---|
| IPO Date | January 9, 2024, to January 11, 2024 |
| Listing Date | [Not specified] |
| Face Value | ₹2 per share |
| Price Band | ₹315 to ₹331 per share |
| Lot Size | 45 Shares |
| 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 | ₹15 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre-Issue | 197,204,447 shares |
| Share Holding Post-Issue | 227,415,927 shares |
Objectives of the Issue
Uncover the purpose behind the IPO as we explore how Jyoti CNC Automation Limited plans to utilize the net proceeds. The objectives include the repayment or pre-payment of certain borrowings, funding long-term working capital requirements, and addressing general corporate purposes.
Price Band and Lot Size
Understanding the pricing dynamics is crucial for potential investors. The Jyoti CNC Automation IPO offers a price band ranging from ₹315 to ₹331 per share. The minimum lot size for an application is set at 45 shares, requiring a minimum investment of ₹14,895 for retail investors. Special categories, such as S-NII and B-NII, have distinct lot sizes and corresponding investment thresholds.
Book Running Lead Managers and Registrar
The IPO is in capable hands, with Equirus Capital Private Limited, ICICI Securities Limited, and SBI Capital Markets Limited serving as the book running lead managers. Meanwhile, Link Intime India Private Ltd takes charge as the registrar, ensuring a smooth and transparent process.
Promoter Holding and Reservation
Get acquainted with the driving forces behind Jyoti CNC Automation Limited – Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP. The IPO reservation structure allocates shares strategically, catering to QIBs, retail investors, and NII (HNI) investors.
IPO Timeline
Stay informed about the key milestones in the IPO journey. From the opening on January 9, 2024, to the listing date on January 16, 2024, each step plays a crucial role. Important dates include the basis of allotment on January 12, 2024, initiation of refunds on January 15, 2024, and the credit of shares to demat accounts on the same day.
| Event | Date and Time |
|---|---|
| IPO Commencement | January 9, 2024 |
| IPO Ending | January 11, 2024 |
| Allotment Basis Declaration | January 12, 2024 |
| Initiation of Refund Process | January 15, 2024 |
| Shares Credited to Demat Accounts | January 15, 2024 |
| Stock Market Debut | January 16, 2024 |
| UPI Mandate Confirmation Deadline | 5 PM on January 11, 2024 |
Financial Performance
Examining the financial landscape, the company’s revenue witnessed a remarkable 27% increase, and profit after tax (PAT) surged by an impressive 131.18% between March 31, 2022, and March 31, 2023. Key financial indicators, including P/E, ROE, ROCE, and more, provide a comprehensive view of the company’s financial health.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,706.07 | 1,515.38 | 1,286.24 | 1,388.19 |
| Revenue | 510.53 | 952.60 | 750.06 | 590.09 |
| Profit After Tax | 3.35 | 15.06 | -48.30 | -70.03 |
| Net Worth | 205.63 | 36.23 | -29.68 | 18.67 |
| Reserves and Surplus | 213.33 | 49.14 | 11.67 | 83.11 |
| Total Borrowing | 821.40 | 834.97 | 792.16 | 725.12 |
| Amount in ₹ Crore | ||||
Jyoti CNC Automation Limited Contact Details
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/
Jyoti CNC Automation IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: jyoticnc.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
FAQ
When is the Jyoti CNC Automation IPO scheduled to open for subscription?
The Jyoti CNC Automation IPO is set to open for subscription on January 9, 2024, providing investors with the opportunity to participate in this exciting offering
What is the lot size for the Jyoti CNC Automation IPO and the minimum investment required?
The lot size for the Jyoti CNC Automation IPO is 45 shares, and the minimum investment for retail investors is ₹14,895. Investors can bid for a minimum of 45 shares and in multiples thereof.
Can you provide information on the book running lead managers of the Jyoti CNC Automation IPO?
Certainly. The book running lead managers for the Jyoti CNC Automation IPO are Equirus Capital Private Limited, ICICI Securities Limited, and SBI Capital Markets Limited. These entities play a crucial role in managing and overseeing the IPO process.