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Jyoti CNC Automation Limited IPO Detail

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.

Jyoti CNC Automation IPO opens for subscription on January 9, 2024 and closes on January 11, 2024. The allotment for the Jyoti CNC Automation IPO is expected to be finalized on Friday, January 12, 2024. Jyoti CNC Automation IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, 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. The minimum amount of investment required by retail investors is ₹14,895. The minimum lot size investment for sNII is 14 lots (630 shares), amounting to ₹208,530, and for bNII, it is 68 lots (3,060 shares), amounting to ₹1,012,860.

Equirus Capital Private LimitedICICI 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.

Refer to Jyoti CNC Automation IPO RHP for detailed information.

IPO DateJanuary 9, 2024 to January 11, 2024
Listing DateTuesday, January 16, 2024
Face Value₹2 per share
Price Band₹315 to ₹331 per share
Lot Size45 Shares
Total Issue Size30,211,480 shares
(aggregating up to ₹1,000.00 Cr)
Fresh Issue30,211,480 shares
(aggregating up to ₹1,000.00 Cr)
Employee DiscountRs 15 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue197,204,447
Share holding post issue227,415,927

Jyoti CNC Automation IPO opens on January 9, 2024, and closes on January 11, 2024.

IPO Open DateTuesday, January 9, 2024
IPO Close DateThursday, January 11, 2024
Basis of AllotmentFriday, January 12, 2024
Initiation of RefundsMonday, January 15, 2024
Credit of Shares to DematMonday, January 15, 2024
Listing DateTuesday, January 16, 2024
Cut-off time for UPI mandate confirmation5 PM on January 11, 2024

Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)145₹14,895
Retail (Max)13585₹193,635
S-HNI (Min)14630₹208,530
S-HNI (Max)673,015₹997,965
B-HNI (Min)683,060₹1,012,860
Investor CategoryShares Offered
QIB Shares OfferedNot less than 75% of the Net Issue
Retail Shares OfferedNot more than 10% of the Net Issue
NII (HNI) Shares OfferedNot more than 15% of the Net 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.

Jyoti CNC Automation Limited IPO

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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,706.071,515.381,286.241,388.19
Revenue510.53952.60750.06590.09
Profit After Tax3.3515.06-48.30-70.03
Net Worth205.6336.23-29.6818.67
Reserves and Surplus213.3349.1411.6783.11
Total Borrowing821.40834.97792.16725.12
Amount in ₹ Crore

Jyoti CNC Automation IPO Market Cap is Rs 7527.47 Cr and P/E (x) is 324.5.

KPIValues
P/E (x)324.5
Post P/E (x)501.52
Market Cap (₹ Cr.)7527.47
ROE18.35%
ROCE9.50%
Debt/Equity10.17
EPS (Rs)1.02
RoNW18.35%
Jyoti CNC Automation Limited | cnc machine, cnc lathe, vmc machine, hmc machine, cnc turning center, cnc milling machine, cnc machining center, cnc vertical machining center, cnc, vmc, hmc.

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