Jyoti CNC Automation IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jan 12, 2024Let’s have a detailed review of the company and analytics of the Jyoti CNC Automation IPO release date, IPO offer price, subscription, Jyoti CNC Automation Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs 315 to Rs 331 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 45 Shares |
| Listing Date | January 16, 2024 |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 1,000.00 Cr. |
| IPO Size | Rs 1,000.00 Cr. |
| Tick Size | 1 |
Jyoti CNC Automation IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Jyoti CNC Automation Share Price |
Jyoti CNC Automation IPO – Summary
They are one of the world’s leading manufacturers of metal cutting computer numerical control (CNC) machines with the third largest market share in India accounting for approximately 10% of the market share in India in Fiscal 2023 and twelfth largest market share globally accounting for 0.4% of the market share globally in the calendar year 2022.
They are a prominent manufacturer of simultaneous 5-axis CNC machines in India and supply a diverse portfolio of CNC machines including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs) and CNC Horizontal Machining Centers (HMCs).
The Promoter of this company is PARAKRAMSINH GHANSHYAMSINH JADEJA, SAHDEVSINH LALUBHA JADEJA, VIKRAMSINH RAGHUVIRSINH RANA, AND JYOTI INTERNATIONAL LLP. The lead managers of the issue are Equirus Capital Private Limited, ICICI Securities Limited and SBI Capital Markets Limited, and the Registrar of this issue is Link Intime India Private Limited.
Check out Related IPO Links:
| Jyoti CNC Automation IPO GMP |
| Allotment – Jyoti CNC Automation IPO |
| LIVE Subscription – Jyoti CNC Automation IPO |
Jyoti CNC Automation IPO Date
The opening and closing dates of Jyoti CNC Automation IPO are January 9, 2024, and January 11, 2024, respectively.
Jyoti CNC Automation IPO Subscription
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day – 9th Jan | 0.02x | 3.84x | 8.84x | 0.00x | 2.70x |
| 2nd Day – 10th Jan | 0.23x | 6.83x | 11.74x | 5.44x | 4.14x |
| 3rd Day – 11th Jan | 46.37x | 38.33x | 27.50x | 13.14x | 40.49x |
| Shares Offered or Net Issue | 9,018,127 | 4,509,064 | 3,006,042 | 158,227 | 30,218,650 |
The shares subscribed by the public will be updated here.
Jyoti CNC Automation IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Jyoti CNC Automation Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | January 12, 2024 |
| Refunds Initiation | January 15, 2024 |
| Credit of Shares to Demat Account | January 15, 2024 |
| Share Listing Date | January 16, 2024 |
Jyoti CNC Automation IPO Price Band
The face value of each share is Rs.2, but the price band of the IPO is Rs 315 to Rs 331
Jyoti CNC Automation IPO Equity Size
This Initial Public Issue of 30,211,480 Equity Shares of Rs.2 each for cash at a price of Rs 315 to Rs 331 per equity share aggregating to Rs.1,000.00 Cr.
Jyoti CNC Automation IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 30,211,480 Equity Shares of Rs.2/ each.
Issue Size: 30,211,480 Equity Shares of Rs.2 each, aggregating to Rs.1,000.00 Cr.
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Jyoti CNC Automation IPO – Live Performance
The listing date of this IPO is January 16, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Jyoti CNC Automation Share Price |
Jyoti CNC Automation IPO Grey Market Premium
The Jyoti CNC Automation Limited IPO Grey Market Premium price is Rs 45, the Kostak rate is Rs NA and the Subject to Sauda is Rs 1000.
Jyoti CNC Automation IPO – Company Overview
They rely on their expertise built over 2 decades of presence and strong R&D capabilities to deliver customised solutions to their customers across a diverse set of industries including aerospace and defence, auto and auto components, general engineering, EMS, dies and moulds, and others.
They offer solutions suited for transitioning towards ‘Industry 4.0’, including their 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.
The CNC machines market is expected to grow globally at a CAGR of 10.3% during CY 2023-2027. This growth is expected to be propelled by growth in the manufacturing industries due to factors such as industrial automation, and integration of computer-aided manufacturing.
The surge in demand for high-precision machinery from various industries including aerospace, 212 defence and the medical sector is expected to result in the increased demand for the machining centers market.
Jyoti CNC Automation IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 17,060.65 | 15,153.81 | 12,862.35 | 13,881.92 |
| *Total Revenue | 5,105.29 | 9,526.00 | 7,500.61 | 5,900.92 |
| Total Expense | 5,002.07 | 9,552.01 | 7,918.11 | 6,616.65 |
| Profit After Tax | 33.52 | 150.60 | (483.00) | (700.29) |
Earnings per Equity Share (in Million)
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 0.19 | 1.02 | (3.28) | (4.75) |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 150.60 Million, Rs. (483.00) Million and Rs. (700.29) Million respectively.
Jyoti CNC Automation IPO – Promoters
The Promoter of this company is:
- PARAKRAMSINH GHANSHYAMSINH JADEJA,
- SAHDEVSINH LALUBHA JADEJA,
- VIKRAMSINH RAGHUVIRSINH RANA,
- JYOTI INTERNATIONAL LLP
List of Related Parties (Key Managerial Personnel)
- Parakramsinh Ghanshyamsinh Jadeja, Chairman and Managing Director
- Sahdevsinh Lalubha Jadeja, Whole Time Director
- Vikramsinh Raghuvirsinh Rana, Whole Time Director
- Rikesh Chand, Nominee Director
- Yogesh Damodardas Kathrecha, Independent Director
Jyoti CNC Automation IPO – Promoters Holding
- Pre-Issue Share Holding – 72.66%
- Post-Issue Share Holding – %
Jyoti CNC Automation IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 30,211,480 Equity Shares aggregating up to Rs.10,000.00 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 197,204,447 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Jyoti CNC Automation IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by their Company;
- Funding long-term working capital requirements of their Company; and
- General corporate purposes
Jyoti CNC Automation IPO – Business Strategy
- Focus on improving their market share and taking advantage of the growing industry demand
- Expand their presence across other end-user industries and diversify their customer base and geographical reach
- Continuously augmenting their capacity in line with their expected business growth
- Improving their financial risk profile
Jyoti CNC Automation IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- One of the leading CNC machine manufacturing companies globally as well as in India with a presence across the CNC metal cutting machinery value chain.
- Well-diversified global customer base spread across end-user industries.
- Focus on technology and ability to deliver innovative solutions bolstered by dedicated R&D facilities.
- Vertically integrated operations which enable customisation and production efficiencies.
- Experienced Promoters supported by a strong management and execution team.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 1.02 | 18.35 | 5.57 |
| 31-Mar-22 | (3.28) | (117.36) | – |
| Mar-21 | (4.75) | (62.20) | – |
Jyoti CNC Automation IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from Operations (Rs. in Lakhs) | |
| Jyoti CNC Automation Limited | 2 | [●] | 1.02 | 18.35% | 9,292.59 |
| Listed Peers | |||||
| Elgi Equipments Limited | 1 | 44.30 | 11.72 | 27.04% | 30,406.98 |
| Lakshmi Machine Works Limited | 10 | 37.69 | 359.47 | 16.42% | 47,191.49 |
Jyoti CNC Automation IPO Lead Managers
| Lead Managers |
| Equirus Capital Private Limited
ICICI Securities Limited SBI Capital Markets Limited |
Jyoti CNC Automation IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C 101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli West, Mumbai 400 083 Tel: +91 810 811 4949 E-mail: jyoticnc.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance e-mail: jyoticnc.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
Jyoti CNC Automation IPO – Other Details
- Statutory Auditor – M/s G. K. Choksi & Co., Chartered Accountants
- Legal Counsel to the Company – Bharucha & Partners
- Bankers to the Company – State Bank of India, Union Bank of India, Saurashtra Gramin Bank, IDBI Bank Limited etc
Jyoti CNC Automation IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Jyoti CNC Automation Limited IPO News
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Jyoti CNC Automation IPO Review FAQs
Check out various FAQs related to Jyoti CNC Automation IPO:
What is the Issue Size of Jyoti CNC Automation IPO?
The Company is making an initial public offer of 30,211,480 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Jyoti CNC Automation IPO?
The price band for this particular IPO ranges between Rs 315 to Rs 331. As far as the face value of the share is concerned, it is Rs. 2 per share.
What is the Jyoti CNC Automation IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on January 9, 2024, while the closing date is set at January 11, 2024.
What is the Jyoti CNC IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on January 12, 2024, refund initiation is on January 15, 2024, credit of shares is on January 15, 2024, and share listing date is on January 16, 2024.
What is the Jyoti CNC IPO Listing Date?
Shares of this company shall be listed in the exchanges on January 16, 2024. The date, when the listing would be done, is stagnant on January 16, 2024.
Who is the Registrar of Jyoti CNC IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Jyoti CNC IPO?
Here are the promoters of this IPO – PARAKRAMSINH GHANSHYAMSINH JADEJA, SAHDEVSINH LALUBHA JADEJA, VIKRAMSINH RAGHUVIRSINH RANA, AND JYOTI INTERNATIONAL LLP. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Jyoti CNC IPO?
They have obtained the GMP of this IPO and it is Rs 45. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Jyoti CNC Automation IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Jyoti CNC Automation Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 150.60, 2022 is (483.00), and 2021 is (700.29). PAT from Sep 2023 is 33.52.
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