Jyoti CNC Automation Limited IPO Message Board (Page 31)

158. newgen consultancy | Link | Bookmark | January 4, 2024 10:30:00 AM

IPO Guru (3400+ Posts, 6000+ Likes)

GMP : 141-144

Ahmedabad - Rajkot Buyers

Game has started

Plz. Don't fall prey to a dirty game
Stay away in grey dealing in this one

MEDI ASSIST RHP Soon
Heard that SPC Life Sciences also in this month itself

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158.4. newgen consultancy | Link | Bookmark | January 4, 2024 11:23:02 AM

IPO Guru (3400+ Posts, 6000+ Likes)

146-148 Now

158.5. CB🤗 | Link | Bookmark | January 4, 2024 11:50:49 AM

IPO Mentor (1300+ Posts, 400+ Likes)

@newgen consultancy Thanks, this gives us the strategy of buy after listing and that too on significant dip. RBZ is not giving chance to buy post listing. Is it still a good buy?

Also can you share some insight into your namesake Newgen Software? Scaling new highs, doubled in less than 5 months.

157. M Gupta | Link | Bookmark | January 4, 2024 11:40:23 AM

IPO Guru (1000+ Posts, 3100+ Likes)

For a loss mkimg company GMP of 150 is on higher side

Appox 50 percent , but free money chasing any stocks,

Beware

157.1. M Gupta | Link | Bookmark | January 6, 2024 8:44:03 AM

IPO Guru (1000+ Posts, 3100+ Likes)

After falling from 150 to 50, it has again recovered to 70.

We dont know if this is short covering or anything else.

One thing is sur in my mind, this Company doesn’t justify for the valuation at IPO price.

In a normal market, its a clear avoid. But current liquidity driven market can take any kachra share to any height.

We should wait for anchor list and then decide whether to apply ot not.

Now its high time to be extra cautious.

157.2. Sandeep Kumar sethi | Link | Bookmark | January 6, 2024 8:56:51 AM

Top Contributor (600+ Posts, 100+ Likes)

I am agree with your opinion

156. IPOTRAINEE | Link | Bookmark | January 4, 2024 11:09:23 AM

GMP: 160 seller

155. ~~COMMON MEN WAITING FOR ALLOTMENT~~ | Link | Bookmark | January 4, 2024 10:22:01 AM

145 gmp latest 🎱🎱🎱

155.1. M Gupta | Link | Bookmark | January 4, 2024 10:41:27 AM

IPO Guru (1000+ Posts, 3100+ Likes)

Correct

GMP now 145

154. ~~COMMON MEN WAITING FOR ALLOTMENT~~ | Link | Bookmark | January 4, 2024 10:44:34 AM

150 📉

153. A.A | Link | Bookmark | January 4, 2024 10:46:49 AM (200+ Posts)

Company was started in 1991 and they are still facing losses? Weird.

152. whiteFox | Link | Bookmark | January 4, 2024 10:46:05 AM

IPO Mentor (600+ Posts, 200+ Likes)

How 40% GMP for such a loss making company with high valuation can anyone explain?

151. IPO jarur lagega | Link | Bookmark | January 4, 2024 10:42:55 AM (200+ Posts)

Good company but why such over valuation? 😵‍💫
It's neither a new age startup nor a monopoly business. This might shows greed of the promoters and can't win the hearts of the investors.😶‍🌫️👎

150. IPO mining | Link | Bookmark | January 4, 2024 10:03:18 AM (200+ Posts)

Top 10 CNC Machine Manufacturers in India
1. Okuma India Private Limited
2. Hurco India Private Limited
3. Yamazaki Mazak India Private Limited
4. Mitsubishi Electric India Private Limited
5. Makino India Private Limited
6. Hardinge Machine Tools India LLP
7. Jyoti CNC Automation Limited
8. Amada India Private Limited
9. Bharat Fritz Werner Limited
10. HMT Machine Tools Limited

150.1. IPO jarur lagega | Link | Bookmark | January 4, 2024 10:37:44 AM (200+ Posts)

Thanks for sharing 👍

149. M Gupta | Link | Bookmark | January 4, 2024 10:16:50 AM

IPO Guru (1000+ Posts, 3100+ Likes)

GMP 132-136

148. Mahaveer Prasad Gupta | Link | Bookmark | January 4, 2024 10:15:56 AM

Jyoti authentic GMP 130
Kotak 5000

Buyers hai

147. dinesh bhadada | Link | Bookmark | January 4, 2024 10:11:18 AM

It is to be noted that very low recommended share or very low GMP based shares are giving great returns by Mainboard as well as SME IPO. In such situation what should we do, should we go for the Crowdy IPO or low subscribed IPOs.

146. harit | Link | Bookmark | January 4, 2024 9:59:51 AM

GMP 130
-ipo premium

145. whiteFox | Link | Bookmark | January 4, 2024 9:38:38 AM

IPO Mentor (600+ Posts, 200+ Likes)

2024 starting with poor mainboard IPO...

144. Mr. Singh | Link | Bookmark | January 4, 2024 9:28:18 AM

IPO Mentor (700+ Posts, 500+ Likes)

At 331 this seems overpriced. There could be listing loss followed by further downside.

144.1. Mr. Singh | Link | Bookmark | January 4, 2024 9:32:27 AM

IPO Mentor (700+ Posts, 500+ Likes)

However wait for more details like future prospects. With good order book and if QIB show interest then game may change as QIB is 75% in this.

143. Shaq | Link | Bookmark | January 4, 2024 9:31:53 AM

The valuations are on the higher side considering the price band!! Company's are trying to utilise the bill market to gain more money which is not justifiable!!

Retail investors need to be smart here!! This IPO is surely overpriced and has to be avoided

142. Asoke sarkar | Link | Bookmark | January 4, 2024 7:32:21 AM

IPO Mentor (600+ Posts, 700+ Likes)

Kutta, Bandar ko bhi kuchh contribution he iss forum me. Kaise hukmaran ko 145 nakar diya our 330 thama diya. Jaha calculation baithta nehi onha bhi hawa hawai maroge to kya hoga !

141. Kamal want to learn share market | Link | Bookmark | January 4, 2024 6:41:21 AM

Price band is 331...it's okk...apply at least 20 30 percent gains...

140. newgen consultancy | Link | Bookmark | January 4, 2024 1:15:44 AM

IPO Guru (3400+ Posts, 6000+ Likes)

JYOTI CNC Automation ( Final )

Date : 9-11 January
Size : 1000 cr ( Full Fresh )
Price Band : 315-331

M.cap Post issue : 7479.56 cr
PE FY 24 TTM Basis : 558

Peers ( Valuing Company at Revenue to M.cap ratio of 2023 )

Jyoti Cnc Automation - 7.85 ×

Elgi Equipment - 5.65 ×
Macpower CNC - 3.42
Lakshmi Machine Works - 3.1
TD Power - 4.8
Avg : 4.25×

Not comfortable with The Valuations

Seems like Track Record of bad issues before 15 January will continue

140.1. Palka | Link | Bookmark | January 4, 2024 5:51:30 AM

Top Contributor (900+ Posts, 200+ Likes)

Very costly. In my view, we should ignore it.

140.2. Market Advisor | Link | Bookmark | January 4, 2024 6:20:44 AM

IPO Mentor (600+ Posts, 200+ Likes)

Yes ,Palka ji
We should take care for our money
Abhi Ipo me risk h
We should consider some Buybacks.
Wishes a good day..

139. Basuvr | Link | Bookmark | January 4, 2024 12:26:17 AM

IPO Guru (1800+ Posts, 1000+ Likes)

Price band confirmed - 331

🙏