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IPO Status: Listed [9th Jan 2024 to 11th Jan 2024]
Jyoti CNC Automation IPO, a Mainline IPO of ₹1000.00 Cr was launced on 09-01-2024 to 11-01-2024 and the shares got listed on BSE, NSE on 16-01-2024.
The public issue of Jyoti CNC Automation IPO (JYOTICNC,544081) was offered at ₹331.00 per share and the ipo was listed at ₹370. It has delivered listing gain of 11.78%.
As the minimum lot size was 45 shares, the IPO has offered Rs 1755 per lot return on listing.
| IPO Issue Opening Date: | 9th Jan 2024 |
| IPO Issue Closing Date: | 11th Jan 2024 |
| IPO Issue Price: | ₹315.00-331.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹1000.00 Cr |
| Fresh Issue: | ₹1000.00 Cr |
| Face Value: | ₹2 Per Equity Share |
| IPO Discount: | Emplopee:15.00 |
| Promoter Holding Pre IPO: | 72.66% |
| Promoter Holding Post IPO: | 62.6% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544081 |
| NSE Code: | JYOTICNC |
Get important updates regarding Jyoti CNC Automation IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 12th Jan 2024 |
| Refunds Initiation* | 15th Jan 2024 |
| Credit of Shares to Demat* | 15th Jan 2024 |
| IPO Listing Date* | 16th Jan 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹315.00-331.00 |
| Market Lot: | 45 Shares |
| 1 Lot Amount: | ₹14895 |
| Min Small HNI Lots(2-10 Lakh): | 630 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 3060 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 16-01-2024 | 331.00 | 38 | 1300/18200 | ₹369 (11.48%) | 16-Jan-2024 9:26 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in January 1991, Jyoti CNC Automation Limited is one of the world’s leading manufacturers of CNC machines with the second and twelfth largest market share in India and the world respectively. Driven by a vision to make the company a “Temple of Technology”, Jyoti was established in 1991 and is today one of the largest multinational companies. Since its inception, the company has grown manifold, from manufacturing gears for machines to developing precision lathes with complete gear drives. Later, Jyoti moved from conventional machines to sophisticated CNC machines.
The company's product range consists of a series of CNC turning centers, CNC turning-milling centers, CNC vertical machining centers, CNC horizontal machining centers, CNC vertical line machines and high-tech CNC machining centers with 3 and 5 axes.
The company has plants in GIDC, Metoda, RAJKOT – Gujarat, with a large capacity for manufacturing machines equipped with a foundry, sheet metal shop, paint shop, pre-assembly and assembly lines and a repair shop. Jyoti offers customized solutions to its customers for various industries including aerospace and defense, auto and auto parts, general engineering, EMS, tools and dies and others.
| Incorporation | Sector | IPO Issue Size | Website |
| 1991 | Industrial Products | ₹1000.00 Cr | https://jyoti.co.in/ |
The company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 9,018,127 (54.55%) | 4,509,064 (27.27%) | 3,006,042 (18.18%) | 158,227 | 16,533,233 | |
| 1 | 9th Jan 2024 19:04 | 0.02x | 3.84x | 8.84x | 0x | 2.70x |
| 2 | 10th Jan 2024 19:04 | 0.23x | 6.83x | 11.74x | 5.44x | 4.14x |
| 3 | 11th Jan 2024 19:04 | 46.37x | 38.33x | 27.50x | 13.14x | 40.49x |
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 |
| 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 | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Jyoti CNC Automation Limited | 1.02 | 1.02 | 5.57 | 18.35 | Consolidated | |
| Elgi Equipments Limited | 11.72 | 11.71 | 43.27 | 44.3 | 27.04 | Consolidated |
| Lakshmi Machine Works Limited | 359.47 | 359.47 | 2189.04 | 37.69 | 16.42 | Consolidated |
| Triveni Turbine Limited | 5.97 | 5.97 | 23.92 | 67.76 | 25.32 | Consolidated |
| TD Power Systems Limited | 6.23 | 6.22 | 38.74 | 46.66 | 16.01 | Consolidated |
| Macpower CNC Machines Ltd | 12.89 | 12.89 | 96.61 | 51.31 | 13.34 | Consolidated |
Last Updated on 20-Jan-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Jyoti CNC Automation IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Jyoti CNC Automation IPO with Zerodha.
Alternate approch to apply in Jyoti CNC Automation IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Jyoti CNC Automation IPO Review and Important Updates
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To subscribe or apply in Jyoti CNC Automation IPO, you can use the following methods:
| Jyoti CNC Automation IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Jyoti CNC Automation IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Jyoti CNC Automation IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Jyoti CNC Automation IPO. Most of the Syndicate Banks provide access to apply in Jyoti CNC Automation IPO via ASBA process. You must have your net banking access, DP ID information to apply in Jyoti CNC Automation IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Jyoti CNC Automation IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Jyoti CNC Automation IPO Review and Important Updates
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Applying in Jyoti CNC Automation IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Jyoti CNC Automation IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Jyoti CNC Automation IPO, please refer article >> Link
Jyoti CNC Automation IPO Review and Important Updates
Steps to download the online application form for Jyoti CNC Automation IPO
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Jyoti CNC Automation IPO is going to be list on 16-01-2024. NSE Code for Jyoti CNC Automation is JYOTICNC. BSE Code for Jyoti CNC Automation is 544081.
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Jyoti CNC Automation IPO Allotment Date is 12-01-2024.
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