Jyoti CNC Automation IPO Date,Price, Review, Allotment Details

Jyoti CNC Automation IPO Date,Price, Review, Allotment Details: Jyoti CNC, India second-largest CNC machine maker, prepares to launch an Initial Public Offering (IPO). Offering 200 machines across 44 series to global giants in aerospace, auto, and beyond – as well as its strong export network that spans Europe and North America – investors can look forward to gaining exposure to an innovative company which boasts the 12th largest global market share with an incredible reputation as the “Temple of Technology.” Keep an eye out as Jyoti makes its public debut – sure to create waves within India’s machine tool industry!

Jyoti CNC Automation IPO: Overview

  • Issue Type: Mainboard IPO
  • Issue Size: Up to Rs. 1,000 Crores (Fresh Issue only)
  • Face Value: Rs. 2 per share
  • Book Running Lead Managers: Equirus Capital Private Limited, ICICI Securities Limited, SBI Capital Markets Limited
  • Registrar to the Issue: Link Intime India Pvt Ltd
  • Listing: BSE, NSE
Jyoti CNC Automation IPO

Jyoti CNC Automation IPO Date and Price Band:

Both the date and price band for the initial public offering are still under wraps; however, the company filed its DRHP in June 2023 to indicate an imminent offering. Keep up with market news and official announcements for updates.

IPO Open:Tuesday, January 9, 2024
IPO Close:Thursday, January 11, 2024
IPO Size:Approx ₹1000 Crores
Fresh Issue:Approx ₹1000 Crores
Offer for Sale:Approx [.] Equity Share
Face Value:₹2 Per Equity Share
IPO Price Band:₹[315] to ₹[331] Per Share
IPO Listing on:BSE & NSE
Retail Quota:10%
QIB Quota:75%
 NII Quota:15%
Discount:N/A

Jyoti CNC Automation IPO: A Review

Jyoti CNC Automation holds an outstanding position in the Indian CNC machine market, serving multiple industries such as auto components, aerospace and general engineering. Their range of machines ranges from basic turning and milling centers to multi-axis machines – while their focus on automation solutions adds another level of value.

Jyoti CNC Automation IPO: Financial Performance

Jyoti CNC Automation has enjoyed consistent revenue and profit growth over recent years, boasting a healthy order book as they prepare to capitalize on an expanding need for automation in manufacturing sectors worldwide.

YearRevenue (₹ in Crores)Expense (₹ in Crores)PAT (₹ in Crores)
2021₹590.09₹661.66₹70.02
2022₹750.06₹791.81₹48.30
2023₹952.60₹955.20₹15.06

Jyoti CNC Automation IPO Allotment Details

Allotment of shares will take place using the book-building process, where bids will be submitted at various price points and allotment will occur proportionately with bids received at or above the cutoff price.

Price Band Announcement:January 2024
Anchor Investors Allotment:January 2024
IPO Open Date:Tuesday, January 9, 2024
IPO Close Date:Thursday, January 11, 2024
Basis of Allotment:Friday, January 12, 2024
Refunds:Monday, January 15, 2024
Credit to Demat Account:5 PM on January 11, 2024
IPO Listing Date:Tuesday, January 16, 2024

Key Considerations

  • Market Sentiment: To be successful with their IPO, mid-cap IPOs require favorable investor sentiment and investor appetite for these types of offerings.
  • Financial Analysis of a Company: Before making a decision on any investment, investors should completely study a company finances, growth prospects and risk factors before reaching any clear-cut decisions
  • Competition: Jyti CNC Automation faces competition from established players in the CNC machine market.

Conclusion:

Jyoti CNC Automation’s planned initial public offering (IPO) presents an appealing investment opportunity in the rapidly expanding CNC machine and automation sector. Though all details regarding this offering have not yet been finalized, its impressive track record and growth prospects make this offering noteworthy. To maximize returns, conduct thorough research before making investment decisions; even though this offering holds promise it is vital to monitor closely.

Disclaimer: This article should only be taken as general purpose & should not be treated as financial advice. Before making any investment decisions based on this information provided in this article, always seek a qualified financial adviser opinion first.

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