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Jyoti CNC Automation IPO is a book build issue of ₹1,000.00 crores. The issue is entirely a fresh issue of 3.02 crore shares of ₹1,000.00 crore.
Jyoti CNC Automation IPO bidding started from Jan 9, 2024 and ended on Jan 11, 2024. The allotment for Jyoti CNC Automation IPO was finalized on Jan 12, 2024. The shares got listed on BSE, NSE on Jan 16, 2024.
Jyoti CNC Automation IPO price band is set at ₹331.00 per share . The lot size for an application is 45. The minimum amount of investment required by an retail is ₹14,175 (45 shares). The lot size investment for sNII is 14 lots (630 shares), amounting to ₹2,08,530, and for bNII, it is 68 lots (3,060 shares), amounting to ₹10,12,860.
The issue includes a reservation of up to 1,58,227 shares for employees offered at a discount of ₹15.00 to the issue price.
Equirus Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹315 to ₹331 per share |
| Issue Price Final | ₹331 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 3,02,18,649 shares (aggregating up to ₹1,000.00 Cr) |
| Employee Discount | ₹15.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 22,74,15,927 shares |
Jyoti CNC Automation IPO offers total 3,02,18,649 shares. Out of which 2,25,45,317 (74.61%) allocated to QIB, 90,18,127 (29.84%) allocated to QIB, 45,09,063 (14.92%) allocated to NII, 30,06,042 (9.95%) allocated to RII and 1,35,27,190 (44.76%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,25,45,317 (74.61%) | NA |
| − Anchor Investor Shares Offered | 1,35,27,190 (44.76%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 90,18,127 (29.84%) | NA |
| NII (HNI) Shares Offered | 45,09,063 (14.92%) | NA |
| − bNII > ₹10L | 30,06,042 (9.95%) | 4,771 |
| − sNII < ₹10L | 15,03,021 (4.97%) | 2,385 |
| Retail Shares Offered | 30,06,042 (9.95%) | 66,800 |
| Employee Shares Offered | 1,58,227 (0.52%) | NA |
| Total Shares Offered | 3,02,18,649 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Jyoti CNC Automation IPO raises ₹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 | 1,35,27,190 |
| 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 | Tue, Jan 9, 2024 |
| IPO Close Date | Thu, Jan 11, 2024 |
| Tentative Allotment | Fri, Jan 12, 2024 |
| Initiation of Refunds | Mon, Jan 15, 2024 |
| Credit of Shares to Demat | Mon, Jan 15, 2024 |
| Tentative Listing Date | Tue, Jan 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jan 11, 2024 |
Investors can bid for a minimum of 45 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,895 |
| Retail (Max) | 13 | 585 | ₹1,93,635 |
| S-HNI (Min) | 14 | 630 | ₹2,08,530 |
| S-HNI (Max) | 67 | 3,015 | ₹9,97,965 |
| B-HNI (Min) | 68 | 3,060 | ₹10,12,860 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹7527.47 Cr.
| KPI | Values |
|---|---|
| ROE | 18.35% |
| ROCE | 9.50% |
| Debt/Equity | 10.17 |
| RoNW | 18.35% |
| Price to Book Value | 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...
| Listing Date | January 16, 2024 |
| BSE Script Code | 544081 |
| NSE Symbol | JYOTICNC |
| ISIN | INE980O01024 |
| Final Issue Price | ₹331 per share |
| BSE Listing Group | B |
Jyoti CNC Automation Ltd.
G - 506, Lodhika GIDC
Village Metoda,
Rajkot, Gujarat, 360021
Phone: + 91-2827–235182
Email: investors@jyoti.co.in
Website: https://jyoti.co.in/
MUFG Intime India Pvt.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 3,02,18,649 equity shares of the face value of ₹2 aggregating up to ₹1,000.00 Crores. The issue is priced at ₹331 per share. The minimum order quantity is 45.
The IPO opens on January 9, 2024, and closes on January 11, 2024.
MUFG Intime India Pvt.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, and the minimum amount required for application is ₹14,895.
You can apply in Jyoti CNC Automation IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Jyoti CNC Automation IPO listing date is on Tuesday, January 16, 2024.
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