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Jyoti CNC Automation IPO is a book built issue of Rs 1,000.00 crores. The issue is entirely a fresh issue of 3.02 crore shares.
Jyoti CNC Automation IPO bidding started from January 9, 2024 and ended on January 11, 2024. The allotment for Jyoti CNC Automation IPO was finalized on Friday, January 12, 2024. The shares got listed on BSE, NSE on January 16, 2024.
Jyoti CNC Automation IPO price band is set at ₹315 to ₹331 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹14,895. The minimum lot size investment for sNII is 14 lots (630 shares), amounting to ₹208,530, and for bNII, it is 68 lots (3,060 shares), amounting to ₹1,012,860.
The issue includes a reservation of up to 158,227 shares for employees offered at a discount of Rs 15 to the issue price.
Equirus Capital Private Limited, ICICI Securities Limited and SBI Capital Markets Limited are the book running lead managers of the Jyoti CNC Automation IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Jyoti CNC Automation IPO RHP for detailed information.
| IPO Date | January 9, 2024 to January 11, 2024 |
| Listing Date | January 16, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹315 to ₹331 per share |
| Lot Size | 45 Shares |
| Total Issue Size | 30,211,480 shares (aggregating up to ₹1,000.00 Cr) |
| Fresh Issue | 30,211,480 shares (aggregating up to ₹1,000.00 Cr) |
| Employee Discount | Rs 15 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding post issue | 227,415,927 |
Jyoti CNC Automation IPO offers 30,218,650 shares. 9,018,127 (29.84%) to QIB, 4,509,064 (14.92%) to NII, 3,006,042 (9.95%) to RII, 158,227 (0.52%) to employees and 13,527,190 (44.76%) to Anchor investors. 66,800 RIIs will receive minimum 45 shares and 2,385 (sNII) and 4,771 (bNII) will receive minimum 630 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 13,527,190 (44.76%) | NA |
| QIB Shares Offered | 9,018,127 (29.84%) | NA |
| NII (HNI) Shares Offered | 4,509,064 (14.92%) | |
| bNII > ₹10L | 3,006,042 (9.95%) | 4,771 |
| sNII < ₹10L | 1,503,021 (4.97%) | 2,385 |
| Retail Shares Offered | 3,006,042 (9.95%) | 66,800 |
| Employee Shares Offered | 158,227 (0.52%) | NA |
| Total Shares Offered | 30,218,650 (100%) |
Jyoti CNC Automation IPO raises Rs 447.75 crore from anchor investors. Jyoti CNC Automation IPO Anchor bid date is January 8, 2024. Jyoti CNC Automation IPO Anchor Investors list
| Bid Date | January 8, 2024 |
| Shares Offered | 13,527,190 |
| Anchor Portion Size (In Cr.) | 447.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 11, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 11, 2024 |
Jyoti CNC Automation IPO opens on January 9, 2024, and closes on January 11, 2024.
| IPO Open Date | Tuesday, January 9, 2024 |
| IPO Close Date | Thursday, January 11, 2024 |
| Basis of Allotment | Friday, January 12, 2024 |
| Initiation of Refunds | Monday, January 15, 2024 |
| Credit of Shares to Demat | Monday, January 15, 2024 |
| Listing Date | Tuesday, January 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 11, 2024 |
Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,895 |
| Retail (Max) | 13 | 585 | ₹193,635 |
| S-HNI (Min) | 14 | 630 | ₹208,530 |
| S-HNI (Max) | 67 | 3,015 | ₹997,965 |
| B-HNI (Min) | 68 | 3,060 | ₹1,012,860 |
| Lot Size Calculator | |||
The promoters of the company are Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP.
| Share Holding Pre Issue | 72.66% |
| Share Holding Post Issue | 62.6% |
Incorporated in January 1991, Jyoti CNC Automation Limited is a manufacturer and supplier of CNC machines. The company is based in India and specializes in manufacturing and supplying CNC machines.
The product range includes CNC turning centres, CNC turning-milling centres, CNC vertical machining centres (VMCs), CNC horizontal machining centres (HMCs), simultaneous 3-axis CNC machining centres, simultaneous 5-axis CNC machining centres and multi-tasking machines.
The company's customer base includes Indian Space Applications Center - ISRO, BrahMos Aerospace Thiruvananthapuram, Turkish Aerospace, Uniparts India, Tata Advances System, Tata Sikorsky Aerospace, Bharat Forge, Shakti Pumps (India), Shreeram Aerospace & Defense, Rolex Rings, Harsha Engineers, Bosch Limited, HAWE Hydraulics, Festo India, Elgi Rubber, National Fittings and others.
The company has a wide range of CNC machines with 200 types in 44 series. In the last three financial years, over 7,200 machines have been supplied to more than 3,000 customers worldwide, including India, Europe, North America and a few parts of Asia. Since April 1, 2004, Jyoti CNC has delivered over 30,000 CNC machines worldwide.
The company distributes its products worldwide through Huron's established dealer network and also has 29 sales and service centres in Romania, France, Poland, Belgium, Italy and the UK.
The company has three manufacturing facilities, two of which are located in Rajkot, Gujrat, and another in Strasbourg, France, which has the necessary capabilities to design, develop and manufacture the entire product line.
As of June 30, 2023, the company's production capacity was 4,400 machines per year in India and 121 machines per year in France.
As of June 30, 2023, the Company had an order backlog of ₹ 31,430.56 million, including an order of ₹ 2,602.50 million from an electronic manufacturing services (EMS) company.
As of June 30, 2023, the company had a total of 2,573 employees.
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 | ||||
The market capitalization of Jyoti CNC Automation IPO is Rs 7527.47 Cr.
| KPI | Values |
|---|---|
| ROE | 18.35% |
| ROCE | 9.50% |
| Debt/Equity | 10.17 |
| RoNW | 18.35% |
| P/BV | 59.43 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.76 | 0.29 |
| P/E (x) | 433.43 | 1122.83 |
The company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:
[Dilip Davda] After suffering a setback for FY21 and FY22, the company has turned the corner and currently has an order book of Rs. 3315+ cr. on hand. However, based on its FY23 earnings, the issue is priced at a P/E of 501.52 and on annualized FY24 earnings, it is at a P/E of 1103.33. Thus the issue appears exorbitantly priced discounting all near term positives. Only well-informed cash surplus investors may park funds for the long term, while others may ignore, as it is a long race horse. Read detail review...
The Jyoti CNC Automation IPO is subscribed 40.49 times on January 11, 2024 7:02:00 PM. The public issue subscribed 27.50 times in the retail category, 46.37 times in the QIB category, and 38.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 46.37 |
| NII | 38.33 |
| bNII (bids above ₹10L) | 42.77 |
| sNII (bids below ₹10L) | 29.47 |
| Retail | 27.50 |
| Employee | 13.14 |
| Total | 40.49 |
Total Application : 1,613,063 (24.15 times)
| Listing Date | January 16, 2024 |
| BSE Script Code | 544081 |
| NSE Symbol | JYOTICNC |
| ISIN | INE980O01024 |
| Final Issue Price | ₹331 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹331.00 |
| ₹372.00 |
| ₹370.05 |
| ₹444.80 |
| ₹433.15 |
| NSE |
|---|
| ₹331.00 |
| ₹370.00 |
| ₹368.00 |
| ₹444.00 |
| ₹434.20 |
Jyoti CNC Automation Limited
G - 506, Lodhika GIDC
Village Metoda,
Rajkot – 360 021,
Phone: + 91-2827–235182
Email: investors@jyoti.co.in
Website: https://jyoti.co.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: jyoticnc.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Jyoti CNC Automation IPO is a main-board IPO of 30,211,480 equity shares of the face value of ₹2 aggregating up to ₹1,000.00 Crores. The issue is priced at ₹315 to ₹331 per share. The minimum order quantity is 45 Shares.
The IPO opens on January 9, 2024, and closes on January 11, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Jyoti CNC Automation IPO using UPI as a payment gateway. Zerodha customers can apply in Jyoti CNC Automation IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jyoti CNC Automation IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jyoti CNC Automation IPO opens on January 9, 2024 and closes on January 11, 2024.
Jyoti CNC Automation IPO lot size is 45 Shares, and the minimum amount required is ₹14,895.
You can apply in Jyoti CNC Automation IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Jyoti CNC Automation IPO will be done on Friday, January 12, 2024, and the allotted shares will be credited to your demat account by Monday, January 15, 2024. Check the Jyoti CNC Automation IPO allotment status.
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