Jyoti CNC Automation IPO Price: ₹315 - ₹331
IPO Date Range: Jan 9, 2024 - Jan 11, 2024
Established in January 1991, Jyoti CNC Automation Limited operates as a leading manufacturer and supplier of CNC machines. Headquartered in India, the company specializes in crafting and delivering high-quality CNC machinery.
The array of products encompasses CNC turning centers, CNC turning-milling centers, CNC vertical machining centers (VMCs), CNC horizontal machining centers (HMCs), simultaneous 3-axis CNC machining centers, simultaneous 5-axis CNC machining centers, and multi-tasking machines.
The company operates three manufacturing facilities: two in Rajkot, Gujarat, and one in Strasbourg, France. The Strasbourg facility possesses the essential capabilities to design, develop, and manufacture the entire product line.
The company serves various clients, including organizations like the Indian Space Applications Center - ISRO, BrahMos Aerospace Thiruvananthapuram, Turkish Aerospace, Uniparts India, Tata Advances System, Tata Sikorsky Aerospace, Bharat Forge, Shreeram Aerospace & Defense, Harsha Engineers, Bosch Limited, HAWE Hydraulics, Festo India, Elgi Rubber, National Fittings, and others.
Jyoti CNC offers a wide range of CNC machines, with 200 types across 44 series. Over the last three financial years, they've provided over 7,200 machines to 3,000+ customers worldwide, covering India, Europe, North America, and some parts of Asia.
To reach customers, the company uses Huron's dealer network and operates 29 sales and service centers in Romania, France, Poland, Belgium, Italy, and the UK. As of October 31, 2023, the company's research and development laboratory employed a team of 29 dedicated scientists and engineers.
| IPO Date | January 9, 2024 to January 11, 2024 |
| Listing Date | Tuesday, 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 pre issue | 195,757,090 |
| Share holding post issue | 225,968,570 |
Investors have the option to bid for a minimum of 45 shares, and they can bid in multiples of this amount. The table below outlines the minimum and maximum investment amounts for retail investors and HNIs, both in terms of shares and total value.
| 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 |
| QIB Shares Offered | Not more than 75% of the Net Issue |
| Retail Shares Offered | Not less than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| 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 |
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Between the financial years ending March 31, 2023, and March 31, 2022, Jyoti CNC Automation Limited saw a 27% surge in revenue and a notable 131.18% rise in post-tax profits (PAT).
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Assets | 1388.19 | 1286.24 | 1515.38 | 1706.07 |
| Revenue | 590.09 | 750.06 | 952.60 | 510.53 |
| Profit After Tax | -70.03 | -48.30 | 15.06 | 3.35 |
| Net Worth | 18.67 | -29.68 | 36.23 | 205.63 |
| Reserves & Surplus | 83.11 | 11.67 | 49.14 | 213.33 |
| Total Borrowings | 752.12 | 792.16 | 834.97 | 821.40 |
| KPI | Values |
|---|---|
| P/E (x) | 324.5 |
| Market Cap (₹ Cr.) | 7527.47 |
| ROE | 18.35% |
| ROCE | 9.50% |
| Debt/ Equity | 10.17 |
| EPS (Rs) | 1.02 |
| RoNW | 18.35% |
The company intends to use the Net Proceeds from the Fresh Issue for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. Jyoti CNC Automation IPO DRHP and Jyoti CNC Automation IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Jyoti CNC Automation Limited" IPO is ₹315 to ₹331 per share.
The "Jyoti CNC Automation Limited" IPO is expected to be listed on Tuesday, 16 January 2024.
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