Jyoti CNC Automation Limited IPO Message Board (Page 19)

If things did not improve I shall go for sending second application from same demat to get away from the issue

5% GMP only

Recipe ready for possible negative listing, it appears. Should check QIB subscription figures tomorrow afternoon and take the call.

I feel it is better to skip this one.......

Things have suddenly but surely turned into gloomy indicating may list in the negative if trend continues.

GMP drops to 9.67%

JYOTI 40 SELLER!!

⬇️⬇️⬇️⬇️

Post PE coming more than 1100, considering H1 2024 PAT. Promoter chor Nehi hai, Dacoit hai. Clear avoid for me.😀

Since few days no messages from Krishna T Please share your views.

​@newgen consultancy - Hello Sir, what are your views on Earthstahl & Alloys Limited SME?

✨ Jyoti CNC Automation Ipo
Review

- One of the leading Manufacture of CNC machine in world 🗺 and one of the 🔝 3 in 🇮🇳 With good market share .
- in last 3 year co supply over 8400 Cnc machin in Asia.
- Experience Promoter with good management team .

HOS....54/- seller

47 (ipo premium)

Experts please suggest what to do in flair?....will it bounce back or go to 300 level?

Offtopic

1. I'm planning to apply for IPOs on behalf of my wife from my Kotak bank ASBA. I read online that banks no longer offer 3rd party ASBA IPO application. So, it's not possible?
2. Can I use a third party UPI to apply for an IPO? For example, can I use the UPI linked with my bank account to submit 2 different applications (different PAN numbers)?
3. If an IPO application is rejected, do the registrars explicitly state that the application is rejected? or the status will be 'Not allotted' after the allotment?

​@Ganapa 
1&2- Most of the banks and UPI service provider has stopped third party IPO applications.
If somewhat applied it will be rejected at the Ragistrar's end.
So, better not use.
3. All the Ragistrar simply state the reason that not allotted due to over subscription.

Use same bank account as the name in Demat.

POST IPO -500 PE ? Company is that good?? My Personal View Sell In grey market and then apply

​@Tejas Pandya Please guide us whether you are applying in this issue

​@Palka 
Good afternoon Palka ji
Totally avoid Palka ji
Apni capital safe rakho filhaal
Online premium false hein
Broker kisi bhi rate par kaam nahi kar rahe
Sirf investor ka fasaya jaa raha h
Filhaal ignore at all..
My personal view only...🙏

​@Market Advisor  Sir,
Do you have any insider news, or just saying as per Jyoti CNC financials.

Please elaborate, it will be helpful in taking my decision

​@Ascension 🦟

Employees subscriptions: 4.8 times

request to CG admin to show employees subscription detail on the page.

​@newgen consultancy  Sir, kindly share your view on Caplin point.

For Investors only (not for listing gains)
Everyone is looking at its Negatives based on its financials as on today and its Aggressive Pricing of its issue. No one is looking at its Positives regarding its future prospects.
Positives are:
1. Company has seen tremendous increase in its order book just in past couple of years. Now its order book is 3 times its annual revenue.
2. Rs 1000 cr fresh money of ipo is going to ease debt burden and gives comfort for company to move ahead freely.
3. Though its subsidiary 100 years company Huron is a liability so far but all the orders won abroad are all due to Huron's excellent dealership network in Europe. So it is more of an asset than a liability.
4. Solid customers like ISRO, BRAHMOS, Tata Advanced systems, Tata Sikorsky, Bharat Forge, Bosch, Turkish Aerospace, ....etc.
5. Last but not the least Company has spent huge money and developed the manufacturing technology in critical areas over the years and it is not easy for a newcomer enter the space so easily.
Further, India's Manufacturing boom has just started.
Excellent Anchor portion subscription says it all.
Even QIB subscription is expected strong.
Due to 10% Retail quota getting allotment is difficult.
Aggressive pricing is also good for Investors bcoz of money coming at less equity dilution. 🙃

​@Dowg when India's manufacturing is just booming now how can it get reflected in the past performance. also I was not interested during some new age companies issues like paytm, cartrade, honasa .... etc. I especially dont like new age paper tiger companies.
I was always positive only during issues like Sona Blw, Global health (Medanta), Kaynes,...etc when Retailers were negative. there is no need of any posts during well known issues like tata tech, inox india, jsw infra etc. you can see my past messages. i always posts with disclaimer only. i only posts info regarding the companies i am positive about but never recommends any company to anyone and never gives any price targets. you can see my disclaimer at the beginning in this post too. jyoti cnc is a company for risk hai to ishq hai type of investors only.

​@Dowg @Mahaveer Prasad Gupta see how Jyoti listed 😊
I was POSITIVE about it right from ipo announcement.

Subscription figures have reduced on second day.??people are cancelling it..