Jyoti CNC Automation Limited IPO
Jyoti CNC Automation Ltd. is one of the largest CNC machine manufacturers of the Nation. Since inception, the company has grown manifold from manufacturing gearboxes for machines to developing precision all-geared head lathe machines. Later on Jyoti has identified shift from conventional machines to highly sophisticated CNC machines. The company has a very widespread product basket consisting of series of CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers, CNC Horizontal Machining Centers, CNC 5 Axis Machining Centers and CNC Multitasking Machining Centers along with Industry 4.0 and Artificial Intelligence (AI) Solutions.
The company has vertically integrated operations which is considered essential to its ability to provide technologically relevant and customized solutions that has helped it garner customers such as Space Applications Centre - ISRO, BrahMos Aerospace Thiruvananthapuram Limited, etc. 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. The shares get 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. 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.
Jyoti CNC Automation IPO Overview
Detail | Description |
---|---|
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 pre issue | 197,204,447 |
Share holding post issue | 227,415,927 |
Jyoti CNC Automation IPO Timeline (Tentative Schedule)
Detail | Description |
---|---|
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 |
Jyoti CNC Automation IPO Lot Size
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 |
Jyoti CNC Automation IPO Reservation
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 Promoter Holding
Share Holding Pre Issue | 72.66% |
Share Holding Post Issue | 62.6% |
Jyoti CNC Automation IPO Anchor Investors Details
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 |
Company & Financials
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 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 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 centers in Romania, France, Poland, Belgium, Italy and the UK. The company has three manufacturing facilities, two of which are located in Rajkot, Gujarat, and another in Strasbourg, France, which has the necessary capabilities to design, develop and manufacture the entire product line.
Jyoti CNC Automation Limited Financial Information
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 |
Key Performance Indicator
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 |
Objectives of Jyoti CNC Automation IPO
The company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objectives:
- 1. Repayment and/ or prepayment, in full or part, of certain borrowings availed by the company.
- 2. Funding long-term working capital requirements of the company.
- 3. General corporate purposes.
Jyoti CNC Automation IPO Review
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.
FAQs for Jyoti CNC Automation IPO
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What is the issue size of Jyoti CNC Automation Ltd IPO?
Jyoti CNC Automation Ltd IPO, which opens for subscription from 09-Jan-2024 to 11-Jan-2024 has an issue size of ₹1000 crore. The issue type is book building issue.
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What are the open and close dates for Jyoti CNC Automation Ltd IPO?
Jyoti CNC Automation Ltd IPO Opens for subscription from 09-Jan-2024 to 11-Jan-2024.
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What is the lot size and minimum order quantity of the Jyoti CNC Automation Ltd IPO?
The lot size of Jyoti CNC Automation Ltd is 45 shares. Retail investors can subscribe to minimum 1 lot and maximum 13 lots. The minimum and maximum application value is ₹14895 and ₹193635 respectively.
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What are the allotment dates for the Jyoti CNC Automation Ltd IPO?
Allotment date for Jyoti CNC Automation Ltd is 12-Jan-2024 and refund of application amount (in case allotment is not received) will begin from 15-Jan-2024. If your allotment goes through, then shares will be credited in your Demat account by 15-Jan-2024.
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Where is the Jyoti CNC Automation Ltd IPO getting listed?
The shares of Jyoti CNC Automation Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Jyoti CNC Automation IPO Subscription 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
RHP:
RHP of Jyoti CNC Automation Limited IPO
DRHP:
DRHP of Jyoti CNC Automation Limited IPO
Anchor Investor Link:
Anchor Investor Link of Jyoti CNC Automation Limited IPO
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What is the issue size of Jyoti CNC Automation Ltd IPO?
Jyoti CNC Automation Ltd IPO, which opens for subscription from 09-Jan-2024 to 11-Jan-2024 has an issue size of ₹1000 crore. The issue type is book building issue.
-
What are the open and close dates for Jyoti CNC Automation Ltd IPO?
Jyoti CNC Automation Ltd IPO Opens for subscription from 09-Jan-2024 to 11-Jan-2024.
-
What is the lot size and minimum order quantity of the Jyoti CNC Automation Ltd IPO?
The lot size of Jyoti CNC Automation Ltd is 45 shares. Retail investors can subscribe to minimum 1 lot and maximum 13 lots. The minimum and maximum application value is ₹14895 and ₹193635 respectively.
-
What are the allotment dates for the Jyoti CNC Automation Ltd IPO?
Allotment date for Jyoti CNC Automation Ltd is 12-Jan-2024 and refund of application amount (in case allotment is not received) will begin from 15-Jan-2024. If your allotment goes through, then shares will be credited in your Demat account by 15-Jan-2024.
-
Where is the Jyoti CNC Automation Ltd IPO getting listed?
The shares of Jyoti CNC Automation Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Jyoti CNC Automation IPO Subscription 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 |
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