Jyoti CNC Automation Limited
CLOSEDIPO Date: 9 Jan - 11 Jan 2024
Listing Date: 16 Jan 2024
Price Range
₹315 to ₹331 per share
Issue Size
1000 Cr
Min Investment
₹14,175
Lot Size
45 Shares
Schedule of Jyoti CNC Automation Limited
Issue open date
9 Jan 2024
Issue close date
11 Jan 2024
UPI mandate deadline
11 Jan 2024 (5 PM)
Allotment finalization
12 Jan 2024
Share credit
15 Jan 2024
Listing date
16 Jan 2024
Mandate end date
26 Jan 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 1000 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 12 Jan 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 16 Jan 2024 | ₹331 | ₹38 | ₹369 (11.48%) |
| 15 Jan 2024 | ₹331 | ₹38 | ₹369 (11.48%) |
| 14 Jan 2024 | ₹331 | ₹40 | ₹371 (12.08%) |
| 13 Jan 2024 | ₹331 | ₹40 | ₹371 (12.08%) |
| 12 Jan 2024 | ₹331 | ₹51 | ₹382 (15.41%) |
| 11 Jan 2024 | ₹331 | ₹48 | ₹379 (14.5%) |
| 10 Jan 2024 | ₹331 | ₹44 | ₹375 (13.29%) |
| 9 Jan 2024 | ₹331 | ₹77 | ₹408 (23.26%) |
| 8 Jan 2024 | ₹331 | ₹100 | ₹431 (30.21%) |
| 7 Jan 2024 | ₹331 | ₹77 | ₹408 (23.26%) |
| 6 Jan 2024 | ₹331 | ₹76 | ₹407 (22.96%) |
Performance Jyoti CNC Automation Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹315 to ₹331 per share | ₹ 1768 (31.18%) | ₹ 966.7 | 192.05% |
About Jyoti CNC Automation Limited
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, Gujarat, 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.
| Founded in | 1991 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
Risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 46.37 |
| Non-Institutional Investors (NIIs) | 38.33 |
| Retail Individual Investors (RIIs) | 27.5 |
| Employee | 13.14 |
| Total | 40.49 |