Jyoti CNC Automation IPO is going to list on stock exchange on Tuesday, January 16, 2024. It will list on the NSE and BSE stock exchange.
Jyoti CNC Automation IPO opens for subscription on January 9, 2024 and closes on January 11, 2024. The IPO Price band is ₹315 to ₹331 per share. The total issue is of ₹1,000.00 crores which will be raised through fresh issue of shares.
Jyoti CNC Automation IPO lot size for an application is of 45 shares per lot which comes to ₹14,895. Retail Investor can apply between 1 lot to 13 lots of shares and HNIs can apply from 14 lots to 68 lots.
jyoti CNC automation IPO Schedule
Particulars | Date |
| IPO open for subscription | January 9, 2023 |
| IPO close for subscription | January 11, 2024 |
| Allotment of shares | January 15, 2024 |
| Listing Date | January 16, 2024 |
jyoti CNC automation iPO financial information
Amount in Rs. Crores
| Particulars | For the period ended Sep 30, 2023 | For the year ended March 31, 2023 | For the year ended March 31, 2022 | For the year ended March 31, 2021 |
| Revenue | 510.53 | 952.60 | 750.06 | 590.09 |
| Net Profit | 3.35 | 15.06 | -48.30 | -70.03 |
| Total Equity | 213.33 | 49.14 | 11.67 | 83.11 |
| Growth in Revenue YOY | – | 27% | 27.10% | – |
| Particulars | For the period ended Sep 30, 2023 | For the year ended March 31, 2023 | For the year ended March 31, 2022 | For the year ended March 31, 2021 |
| EPS* | 0.19 | 1.02 | -3.28 | -4.75 |
Number of Equity shares just before the issue was 19,57,57,090. The P/E ratio of the company at the price point of Rs. 331 per share is 324.50 as on March 31, 2023.
The Total Market capitalisation of Jyoti CNC Automation Limited at price of Rs. 331 per share is INR 7,527.46 crores.
about jyoti CNC automation limited
Jyoti CNC Automation Limited was originally formed as ‘AMB Engineering Company Private Limited’, at Gujarat as a private limited company on January 17, 1991. Later its name changed to ‘Jyoti CNC Automation Limited in Nov 2012.
Jyoti CNC is a prominent manufacturer of simultaneous 5-Axis CNC machines in India and supply a diverse portfolios of CNC machines including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs) and CNC Horizontal Machining Centers (HMCs). It offer solutions suited for transitioning towards ‘Industry 4.0’, including flagship multifunctional solutions package viz. ‘7th Sense’ – which is geared towards automating sophisticated diagnostic and analytical functions enabling seamless management of productivity, health and tool life of the CNC machine.
objective of the issue
The Offer comprises a fresh issue of Rs.1,000 crores. Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company;
- Funding long-term working capital requirements of the Company; and
- General corporate purposes
The Net Proceeds are proposed to be deployed in accordance with the details provided in the following table:
| Particulars | Amount (Rs. in crores) |
| Repayment and/or pre-payment, in full or part, of certain borrowings availed | 475.00 |
| Funding of long term working capital requirements | 360.00 |
| General Corporate expense | Not exceed 25% of the Gross Proceeds of the Offer |
For detailed information regarding offer you can see RHP.
Read about Kaushalya Logistics IPO here.