Bookbuilding IPO | ₹1,000 Cr | Listed at BSE, NSE | Tue, Jan 9, 2024 - Thu, Jan 11, 2024
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 per share. The lot size for an application is 45. The minimum amount of investment required by an retail is ₹14,895 (45 shares) (based on upper price). 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 Open
Tue, Jan 9, 2024
IPO Close
Thu, Jan 11, 2024
Issue Price
₹331 per share
Market Cap (Pre-IPO)
₹7,527.47 Cr
| IPO Date | 9 to 11 Jan, 2024 |
| Listed on | Tue, Jan 16, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹315 to ₹331 |
| Issue Price | ₹331 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹15.00 |
| Total Issue Size | 3,02,18,649 shares (agg. up to ₹1,000 Cr) |
| Fresh Issue | 3,02,18,649 shares (agg. up to ₹1,000 Cr) |
| Share Holding Post Issue | 22,74,15,927 shares |
| BSE Script Code / NSE Symbol | 544081 / JYOTICNC |
| ISIN | INE980O01024 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 45 shares and in multiples thereof.
| 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 |
Jyoti CNC Automation IPO raises ₹447.75 crore from anchor investors. Jyoti CNC Automation IPO Anchor bid date is January 8, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jan 8, 2024 |
| Shares Offered | 1,35,27,190 |
| Anchor Portion (₹ Cr.) | 447.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Feb 11, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Apr 11, 2024 |
| 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 |
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.
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company | 475.00 |
| 2 | Funding long-term working capital requirements of the Company | 360.00 |
| 3 | General corporate purposes | 114.45 |
| KPI | |
|---|---|
| ROE | 18.35% |
| ROCE | 9.50% |
| Debt/Equity | 10.17 |
| RoNW | 18.35% |
| PAT Margin | 1.58% |
| Price to Book Value | 59.43 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.76 | 0.29 |
| P/E (x) | 433.43 | 1122.83 |
| Promoter Holding | 72.66% | 62.6% |
| Market Cap | ₹7,527.47 Cr. |
The Jyoti CNC Automation IPO is subscribed 40.49 times on January 11, 2024 7:02:00 PM (Day 3). The public issue subscribed 27.5 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 46.37 | 90,18,127 | 41,82,01,650 |
| NII | 38.33 | 45,09,064 | 17,28,50,220 |
| bNII (bids above ₹10L) | 42.77 | 30,06,042 | 12,85,59,780 |
| sNII (bids below ₹10L) | 29.47 | 15,03,021 | 4,42,90,440 |
| Retail | 27.5 | 30,06,042 | 8,26,77,330 |
| Employee | 13.14 | 1,58,227 | 20,79,000 |
| Total | 40.49 | 1,66,91,460 | 67,58,08,200 |
Total Application : 16,13,063
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers fees including underwriting commission | 29.50 |
| 2 | Brokerage, selling commission and upload fees (1)(2)(3)(4)(5) | 2.82 |
| 3 | Fees of Registrar to the Issue | 0.01 |
| 4 | Listing fees, SEBI filing fees, book-building software fees and other regulatory expenses | 3.26 |
| 5 | Printing and distribution expenses | 0.82 |
| 6 | Fees of the legal advisors | 1.46 |
| 7 | Advertising and marketing expenses | 5.43 |
| 8 | Miscellaneous | 7.23 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹331.00 | ₹331.00 |
| Open | ₹372.00 | ₹370.00 |
| Low | ₹370.05 | ₹368.00 |
| High | ₹444.80 | ₹444.00 |
| Last Trade | ₹433.15 | ₹434.20 |
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 Crores. The issue is priced at ₹331 per share. The minimum order quantity is 45.
The IPO opens on Tue, Jan 9, 2024, and closes on Thu, Jan 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 Tue, Jan 9, 2024 and closes on Thu, Jan 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 Mon, Jan 15, 2024. Check the Jyoti CNC Automation IPO allotment status.
The Jyoti CNC Automation IPO listing date is on Tue, Jan 16, 2024.
