Jyoti CNC Automation IPO is looking to raise Rs 1,000 crores

Before Market Opens
8 January, 2024

The Jyoti CNC Automation IPO, a book-built issue, aims to raise Rs 1,000 crores through the fresh issue of 3.02 crore shares. The IPO opened for subscription on January 9, 2024, and closed on January 11, 2024, with an expected allotment date of January 12, 2024. It is set to list on both BSE and NSE on January 16, 2024.

The price band for the IPO is ₹315 to ₹331 per share. The minimum lot size for retail investors is 45 shares, requiring a minimum investment of ₹14,895. For sNII, the minimum lot size is 14 lots (630 shares) amounting to ₹208,530, and for bNII, it is 68 lots (3,060 shares) totaling ₹1,012,860. The book running lead managers for this IPO are Equirus Capital Private Limited, ICICI Securities Limited, and SBI Capital Markets Limited, with Link Intime India Private Ltd as the registrar.

Jyoti CNC Automation Limited, established in 1991, is an Indian company specializing in the manufacturing and supply of CNC machines. Its range of products includes various types of CNC machining centers and multi-tasking machines. The company serves a broad client base, including ISRO, BrahMos Aerospace, and Tata Advances System. As of June 30, 2023, it had a production capacity of 4,400 machines per year in India and 121 machines per year in France, with an order backlog of ₹31,430.56 million and a total employee count of 2,573.

Financially, Jyoti CNC Automation Limited saw a 27% increase in revenue and a 131.18% rise in profit after tax between the financial year ending March 31, 2023, and March 31, 2022.

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