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Jyoti CNC Automation Limited IPO Message Board (Page 18)

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418. Only ipos |   Link |  Bookmark | January 10, 2024 4:13:12 PM
@Admin @ Chittorgarh.com @Prachi @ Team Chittorgarh.com You guys have wrongly banned @newgen consultancy and @NEXT BIGBULL. They both were helping us in all the analysis of different stocks. They did nothing wrong. We were visiting the forum to see their guidance. Please bring them back as they were helping us a lot.
418.2. Only ipos |   Link |  Bookmark | January 10, 2024 4:41:52 PM
​You are right but they always gave the disclaimer that they are not giving any buy or sell advise. How can they ban them then??
418.3. NewIPOInvestor |   Link |  Bookmark | January 10, 2024 5:26:16 PM
Bhai tera naam Only IPOS hai. Ye page bhi IPO only ka hai. Rules follow karne me kya dikkat hai.
Sto.cks discuss karne hai to CG par sto.ck pages bhi hai.

Jin logo ko khud bina study kiye easy money chahiye wo aise hi tips dene wale dhundte rehte hain, aur unhe khuda banate hai.

Sare scammers aisa hi karte hai.
417. SAJAL BHARGAVA |   Link |  Bookmark | January 10, 2024 5:07:02 PM
@Admin @ Chittorgarh.com Request you to pls don't ban Newgen consultancy,as he is a gem & guiding all community members in many ways....I don't think he has done something wrong here!!
416. Skavinab |   Link |  Bookmark | January 10, 2024 6:59:14 AM
Which bank allow minor ASBA and UPI for below 10 yr. minor
PSU Bank
PRIVATE Bank
416.1. AryanRaj |   Link |  Bookmark | January 10, 2024 5:06:41 PM
Top Contributor Top Contributor (600+ Posts, 100+ Likes)
@Skavinab I got debit card from pnb and indian bank. Using indian bank upi from 3 years. Works well. No restrictions on account. Have used in sme ipo too.
415. Harsh Newguru |   Link |  Bookmark | January 10, 2024 4:45:53 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Bro fill all details at UCand execute at exact 9 am I you are lucky you can get shares.
414. Pangaj Don't be like me |   Link |  Bookmark | January 10, 2024 4:00:20 PM (300+ Posts)
Hi experts,

I am not able to purchase Akansha power even try to get it UC price. but still 34k shares are traded. why others are able to purchase?
414.3. UjwalG |   Link |  Bookmark | January 10, 2024 4:26:17 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
So my guess is you tried to buy in preopen and also at UC.
For preopen, orders are executed on first come basis and availability of sellers. You were late in putting order in preopen, and due to limited sellers it didn't get executed.
414.4. Pangaj Don't be like me |   Link |  Bookmark | January 10, 2024 4:44:28 PM (300+ Posts)
do we need to execute preopen orders at 9 am?
Can GTT executes at preopen?
413. Harsh Newguru |   Link |  Bookmark | January 10, 2024 4:30:20 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
I think newgen is banned due to this rule no 1 when he shared his X hande

Forum Rules
No Spam / Advertising / Self-promote in the forums
These forums define spam as unsolicited advertisement for goods, services and/or other web sites, or posts with little, or completely unrelated content. Do not spam the forums with links to your site or product, or try to self-promote your website, business or forums etc.
Spamming also includes sending private messages to a large number of different users.

DO NOT ASK for email addresses or phone numbers
412. Harsh Newguru |   Link |  Bookmark | January 10, 2024 4:26:55 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Why newgen is banned?
He is a gem bring him back admin chittorgarh. 😢 😭. Need support from all.
411. vvs |   Link |  Bookmark | January 10, 2024 1:40:19 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Yes the profitability picture is gloomy but,
> This is known brand in this sector. A well-known company in Gujarat. It controls 10% market share.
> They have 800 Crores debt (the interest cost must me around 100 crores). They are repaying 450 Crores so mostly 50 Crores cost will be down. (Profit will rise by 50 Crores.
> There capacity utilization is weak almost 50%. But there is a scope of higher topline without any capex.
> The promoter is taking 100% money as fresh capital. He is not selling his own stake or taking money home.
> There is 75% QIB (& Anchor). It is backed by too good anchors.
> 80% of CNC machines are imported in India. Means there is a scope of growth for Jyoti.
> All in all though the financials weak, but growing manufacturing momentum in India overall business outlooks seems positive.

I just hope to get allotment.
411.6. vvs |   Link |  Bookmark | January 18, 2024 1:42:06 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Got 1 allotted. Took my capital out.
Now let the profits grow. Todays high 470

Company did good business. Reputed brand.
Good Anchor book.
Why worry for valuation?
I trust the ANCHOR brains and apply.
411.7. Raju Hiralal Chavda |   Link |  Bookmark | January 18, 2024 1:49:24 PM
In too much hurry for covering up guru .. keep it up .. Bravo 👏
410. Np patel |   Link |  Bookmark | January 10, 2024 4:12:34 PM (200+ Posts)
I am applying just for listing gain on last day after looking at QIB figures.

Surprised with retails figures on second day.
The reason may obvious - first ipo after dry days in main board and no reason to avoid looking at secondary market.

Apply/buy/sell with caution.
409. Suraj Investor |   Link |  Bookmark | January 10, 2024 1:28:37 PM
Looks like Jyoti CNC will list at ~30-35% gain.
But this is good for long term-> 5-7 years for sure for 3x-4x returns.
409.7. Suraj Investor |   Link |  Bookmark | January 10, 2024 3:52:04 PM
Not anticipated that my first post will backfire this much.
Sorry, will not post anything without proper analysis.
409.8. IPOTraders |   Link |  Bookmark | January 10, 2024 4:03:28 PM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
@Suraj Investor
Your posts are welcome.
But as you recommend or give Targets 🎯, it should be backed by some logic or numbers.
Otherwise it is pure tukka or you are here to do some paid promotion.
408. Crow |   Link |  Bookmark | January 10, 2024 12:30:54 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
Crow Verdict: CNC machine manufacturing has to be one of the most boring businesses in my investing book where the costs and servicing responsibilities are high. And it's difficult to eke out a healthy profit book from this kind of business (just look at the PBT of MacPower CNC and Lokesh Machines), which is evident from the past few annual earnings where Jyoti CNC registered losses. Apart from the obvious window dressing, what I'm not able to digest is the outrageous asking price. It's just too high for such an unfancy business AND for my risk appetite and I'm an aggressive IPO player. A falling GMP does not raise my hope. Moreover, the quality of the anchor book and sole dependence on QIB numbers no longer have much bearing in my IPO investing thesis. I'm avoiding the first mainboard IPO of 2024 calendar year because other than FOMO, I see no redeeming quality in it. I'd rather have crow's feet by squinting at the candlesticks of my laggards (Heranba Industries and Pfizer, looking at you) than invest in this damp squib that has a solid chance of flat listing (keeping in mind how its peers have zoomed over the last year and still quoting PE of 6x lower than Jyoti's).

Crow's skin in the game: 0 applications.

Crow's last AVOID recommendation: Updater Services (-5% discount listing and currently up 3%).
408.12. KarmaTheLord |   Link |  Bookmark | January 18, 2024 1:26:50 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Crow  All going opposite...
408.13. Raju Hiralal Chavda |   Link |  Bookmark | January 18, 2024 1:52:18 PM
Note :- Next Time we will see fancy'ness of the company before applying .. (likewise fancy dress 👗 competition)
407. Raju Hiralal Chavda |   Link |  Bookmark | January 10, 2024 3:20:24 PM
💎⚓💎
407.3. Raju Hiralal Chavda |   Link |  Bookmark | January 17, 2024 12:49:28 PM
💎💕444.40/-💕💎
407.4. Raju Hiralal Chavda |   Link |  Bookmark | January 18, 2024 10:42:04 AM
💎💕484💕💎
406. risingsun |   Link |  Bookmark | January 10, 2024 3:26:52 PM (200+ Posts)
GMP 28 SELLER, AHMEDABAD
405. antarix |   Link |  Bookmark | January 10, 2024 3:19:37 PM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Avoiding this one as P/E ratio at 500 is just unreasonable and Debt to Equity ratio at 10 is not helping the situation. It may list flat or with some gains (~5%), but I do not want to start my new year with booking a loss in IPO.
404. RAM RAM SA |   Link |  Bookmark | January 10, 2024 3:13:46 PM
Premium increase now its 41

403. scbkc |   Link |  Bookmark | January 10, 2024 3:04:50 PM
SIRS
GMP is falling continously
it is a loss making company
can we apply for listing gain OR SKIP
so far QIB PARTICIPATION IS PATHETIC
Seniors please advise
REGARDS
403.1. RAM RAM SA |   Link |  Bookmark | January 10, 2024 3:09:52 PM
QIB enters only the last day. Why always forget that things...
402. DSGROW |   Link |  Bookmark | January 10, 2024 12:04:10 PM
@newgen consultancy  sir, Happy forging current level pe le lein kya ? 960
402.1. IPOTraders |   Link |  Bookmark | January 10, 2024 12:23:04 PM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
@DSGROW
Happy forging is good if it do not close below 661.
Below 661 it may go down further.
401. RAM RAM SA |   Link |  Bookmark | January 10, 2024 3:02:52 PM
I believe jo jase hey wase dikh nahi raha hey...Just finger-cross. GMP just impacts retailers otherwise big investors are always investing in profitable ventures they never go such stupid GMP... They create fear in retailers to avoid applying...
400. CA Dhiraj Ramchandani |   Link |  Bookmark | January 10, 2024 12:01:29 PM
IPO Guru IPO Guru (1100+ Posts, 600+ Likes)
Listing should be better than current GMP. I do not see any negative sentiments so far, while 23% GMP is not justified with current markets.. Also, no other mainboard IPO is open, so more focus on this one will be there. Hoping for best.
400.1. Chhote Lal |   Link |  Bookmark | January 10, 2024 2:57:42 PM
IPO Mentor IPO Mentor (3100+ Posts, 1600+ Likes)
GMP has fallen to 9% levels and may erode fully it appears.
399. Krishnam Raju dhanapal naidu |   Link |  Bookmark | January 10, 2024 12:39:15 PM
Gmp 47
399.1. Chhote Lal |   Link |  Bookmark | January 10, 2024 2:55:04 PM
IPO Mentor IPO Mentor (3100+ Posts, 1600+ Likes)
Now it has crashed to 32