jyoti cnc automation ipo

Jyoti CNC Automation IPO

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

IPO open for subscriptionJanuary 9, 2023
IPO close for subscriptionJanuary 11, 2024
Allotment of sharesJanuary 15, 2024
Listing DateJanuary 16, 2024

jyoti CNC automation iPO financial information

Amount in Rs. Crores

ParticularsFor the period ended Sep 30, 2023For the year ended March 31, 2023For the year ended March 31, 2022For the year ended March 31, 2021
Net Profit3.3515.06-48.30-70.03
Total Equity213.3349.1411.6783.11
Growth in Revenue YOY27%27.10%
ParticularsFor the period ended Sep 30, 2023For the year ended March 31, 2023For the year ended March 31, 2022For the year ended March 31, 2021

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:

  1. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company;
  2. Funding long-term working capital requirements of the Company; and
  3. General corporate purposes

The Net Proceeds are proposed to be deployed in accordance with the details provided in the following table:

ParticularsAmount (Rs. in crores)
Repayment and/or pre-payment, in full or part, of certain borrowings availed475.00
Funding of long term working capital requirements360.00
General Corporate expenseNot exceed 25% of the Gross Proceeds of the Offer

For detailed information regarding offer you can see RHP.

Read about Kaushalya Logistics IPO here.

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