Jyoti CNC Automation IPO vs Nova AgriTech IPO

Comparision between Jyoti CNC Automation IPO and Nova AgriTech IPO.

IPO Details

Jyoti CNC Automation IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Nova AgriTech IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Jyoti CNC Automation IPO	Nova AgriTech IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Equirus Capital Private Limited ICICI Securities Limited SBI Capital Markets Limited	Keynote Financial Services Ltd Bajaj Capital Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Jyoti CNC Automation IPO is up to ₹1,000.00 Cr whereas the issue size of the Nova AgriTech IPO is up to ₹143.81 Cr. The final issue price of Jyoti CNC Automation IPO is ₹331.00 per share and of Nova AgriTech IPO is ₹41.00 per share.

	Jyoti CNC Automation IPO	Nova AgriTech IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹315.00 per share	₹39.00 per share
Issue Price (Upper)	₹331.00 per share	₹41.00 per share
Issue Price (Final)	₹331.00 per share	₹41.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share
Market Lot Size	45 shares	365 shares
Fresh Issue Size	3,02,11,480 shares	2,73,17,073 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹112.00 Cr
OFS Issue Size		77,58,620 shares
OFS Issue Size (Amount)		up to ₹31.81 Cr
Issue Size Total	3,02,11,480 shares	3,50,75,693 shares
Issue Size Total (Amount)	up to ₹1,000.00 Cr	up to ₹143.81 Cr

IPO Timetable

Jyoti CNC Automation IPO opens on Jan 09, 2024, while Nova AgriTech IPO opens on Jan 23, 2024. The closing date of Jyoti CNC Automation IPO and Nova AgriTech IPO is Jan 11, 2024, and Jan 25, 2024, respectively.

	Jyoti CNC Automation IPO	Nova AgriTech IPO
Anchor Bid Date	Jan 08, 2024	Jan 19, 2024
Issue Open	Jan 09, 2024	Jan 23, 2024
Issue Close	Jan 11, 2024	Jan 25, 2024
Basis Of Allotment (Tentative)	Jan 12, 2024	Jan 29, 2024
Initiation of Refunds (Tentative)	Jan 15, 2024	Jan 30, 2024
Credit of Share (Tentative)	Jan 15, 2024	Jan 30, 2024
Listing date (Tentative)	Jan 16, 2024	Jan 31, 2024
Anchor Lockin End date 1	Feb 11, 2024	Feb 28, 2024
Anchor Lockin End date 2	Apr 11, 2024	Apr 28, 2024

Financials

Jyoti CNC Automation IPO P/E ratio is 433.43, as compared to Nova AgriTech IPO P/E ratio of 13.05.

Jyoti CNC Automation IPO

Nova AgriTech IPO

Financial

Jyoti CNC Automation Limited Financial Information (Restated Consolidated)

Jyoti CNC Automation Limited's revenue increased by 27% and profit after tax (PAT) rose by 131.18% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,706.07	1,515.38	1,286.24	1,388.19
Revenue	510.53	952.60	750.06	590.09
Profit After Tax	3.35	15.06	-48.30	-70.03
Net Worth	205.63	36.23	-29.68	18.67
Reserves and Surplus	213.33	49.14	11.67	83.11
Total Borrowing	821.40	834.97	792.16	725.12
Amount in ₹ Crore

Nova AgriTech Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023	22 Mar 2022	31 Mar 2021
Assets	196.37	180.78	160.30	147.44
Revenue	103.24	210.93	185.61	160.93
Profit After Tax	10.38	20.49	13.69	6.30
Net Worth	74.23	63.88	43.19	29.43
Reserves and Surplus	60.97	50.59	30.10	16.41
Total Borrowing	68.50	70.96	64.27	51.10
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

72.66%

84.27%

Promoter Shareholding (Post-Issue)

62.6%

59.39%

P/E Ratio

433.43

13.05

Market Cap

₹7527.47 Cr.

₹379.33 Cr.

ROE

18.35%%

38.27%%

ROCE

9.50%%

27.25%%

Debt/Equity

10.17

1.11

EPS

₹0.76

₹3.14

RoNW

18.35%%

32.08%%

Shares Offered

In the Jyoti CNC Automation IPO retail investors (RII) are offered 30,06,042 shares while in Nova AgriTech IPO retail investors are offered 30,06,042 shares. Qualified institutional buyers (QIB) are offered 90,18,127 shares in Jyoti CNC Automation IPO and 70,15,139 shares in Nova AgriTech IPO.

	Jyoti CNC Automation IPO	Nova AgriTech IPO
Anchor Investor Reserveration	1,35,27,190 shares	1,05,22,220 shares
Market Maker Reserveration
QIB	90,18,127 shares	70,15,139 shares
NII	45,09,064 shares	52,61,354 shares
RII	30,06,042 shares	1,22,76,492 shares
Employee	1,58,227 shares	0 shares
Others
Total	1,66,91,460 shares	2,45,52,985 shares

Bids Received (Subscription)

Jyoti CNC Automation IPO subscribed 40.49x in total, whereas Nova AgriTech IPO subscribed 113.21x.

	Jyoti CNC Automation IPO	Nova AgriTech IPO
QIB (times)	46.37x	81.13x
NII (times)	38.33x	233.03x
Big NII (times)	42.77x	231.40x
Small NII (times)	29.47x	236.27x
RII (times)	27.50x	80.20x
Employee (times)	13.14x
Other (times)
Total (times)	40.49x	113.21x

Compare with others

Jyoti CNC Automation IPO	Nova AgriTech IPO
BLS E-Services IPO	Apeejay Surrendra Park IPO
R K SWAMY IPO	Rashi Peripherals IPO
EPACK Durable IPO	BLS E-Services IPO
Nova AgriTech IPO	R K SWAMY IPO
Medi Assist Healthcare IPO	EPACK Durable IPO
Innova Captab IPO	Medi Assist Healthcare IPO
Azad Engineering IPO	Jyoti CNC Automation IPO
Mufti Menswear IPO	Innova Captab IPO
Inox CVA IPO	Azad Engineering IPO
Suraj Estate Developers IPO	Mufti Menswear IPO

1 Comments

1. r t shah

| Link|January 4, 2024 11:42:20 AMReply

Mediassist looks much better option for long term and short term