Jyoti CNC Automation IPO is a book issue worth Rs 1,000 crore. The issue is an entirely new equity issue worth Rs 3.02 billion.
Jyoti CNC Automation IPO will begin offering on January 9, 2024 and close on January 11, 2024. The Jyoti CNC Automation IPO allocation is scheduled to close on Friday, January 12, 2024. Jyoti CNC Automation IPO will be listed on BSE, NSE with a tentative listing date of Tuesday, January 16, 2024.
Jyoti CNC Automation’s IPO price range is ₹315 to ₹331 per share. The minimum lot size for application is 45 shares. The minimum investment required for individual investors is ₹14,895. The minimum lot size investment for sNII is 14 lots (630 shares) or worth ₹208,530 and for bNII it is 68 lots (3,060 shares) or worth ₹1,012,860.
Jyoti CNC Automation IPO Details
| Parameter | Details |
|---|---|
| IPO Date | January 9, 2024, to January 11, 2024 |
| Listing Date | [Not provided] |
| 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 | Rs 15 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre-issue | 197,204,447 |
| Shareholding post-issue | 227,415,927 |
Jyoti CNC Automation IPO Timeline (Tentative Schedule)
| Event | Date |
|---|---|
| IPO Open Date | Tuesday, January 9, 2024 |
| IPO Close Date | Thursday, January 11, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 11, 2024 |
| Basis of Allotment | Friday, January 12, 2024 |
| Initiation of Refunds | Monday, January 15, 2024 |
| Credit of Shares to Demat | Monday, January 15, 2024 |
| Listing Date | Tuesday, January 16, 2024 |
About Jyoti CNC Automation Limited
Established 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 centers, CNC turning and milling centers, CNC vertical machining centers (VMC), CNC horizontal machining centers (HMC), simultaneous 3-axis CNC machining centers, simultaneous 5-axis CNC machining centers, and multi-axis -CNC machining center. task machine.
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 , includes Harsha. Engineers, Bosch Limited, HAWE Hydraulics, Festo India, Elgi Lunch, National Fittings, etc.
The company has a wide range of CNC machines including 200 types of 44 series. In the past three financial years, more than 7,200 machines have been delivered to more than 3,000 customers across the world, including India, Europe, North America and parts of Asia. Since April 1, 2004, Jyoti CNC has shipped over 30,000 of his CNC machines all over the world.
The company sells its products worldwide through Huron’s established dealer network and also has 29 sales and service centers in Romania, France, Poland, Belgium, Italy and the United Kingdom.
The company has three manufacturing facilities, two in Rajkot, Gujrat and one in Strasbourg, France, with 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 units per year in India and 121 units per year in France.
As on June 30, 2023, our order book stood at Rs 31,430.56 crore, including orders of Rs 2,602.50 crore from electronic manufacturing services (EMS) companies.
As of June 30, 2023, the company employed a total of 2,573 employees.
Jyoti CNC Automation IPO Objectives
The Company proposes to use the net proceeds from the new issuance for the following purposes:
- Full or partial repayment and/or early repayment of certain loans utilized by the Company.
- Financing a company’s long-term working capital needs. and
- General Corporate Purposes.
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