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Jyoti CNC Automation IPO is an entirely fresh book-built issue of Rs 1,000.00 crores opens for subscription on January 9, 2024, and closes on January 11, 2024.
Jyoti CNC Automation IPO will be listed on BSE, NSE with a tentative listing date fixed as Tuesday, January 16, 2024. The face value is fixed at Rs.2 per share and the minimum Lot size for the application is 45 Shares
COMPANY SUMMARY
Jyoti CNC Automation Limited was incorporated in 1991 in India and specializes in manufacturing and supplying CNC machines. The company has a wide range of CNC machines with 200 types in 44 series and its product range includes CNC turning centers, CNC turning-milling centers, CNC vertical machining centers (VMCs), CNC horizontal machining centers (HMCs), simultaneous 3-axis CNC machining centers, simultaneous 5-axis CNC machining centers, 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 distributes its products worldwide through Huron’s established dealer network and also has 29 sales and service centers 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
COMPANY STRENGTHS
At present, the company’s production capacity is approximately 4,400 machines per year in India and 121 machines per year in France.
The company has a total of approximately 2,600 employees.
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
.COMPANY FINANCIALS
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 |
PURPOSE OF THE IPO
The company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects are
⦁ Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company
⦁ Funding long-term working capital requirements of the company
⦁ General corporate purposes.
COMPANY PROMOTERS:
The promoters of the company are Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP.
IPO DETAILS
IPO Date | January 9, 2024 to January 11, 2024 |
Face Value | ₹2 per share |
Price Band | ₹315 to ₹331 per share |
Lot Size | 45 Shares |
Total Issue Size | 30,211,480 shares (aggregating up to ₹1,000.00 Cr) |
Fresh Issue | 30,211,480 shares (aggregating up to ₹1,000.00 Cr) |
Employee Discount | Rs 15 per share |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
IPO LOT SIZE
Application | Lots | Shares | Amount |
Retail (Minimum) | 1 | 45 | ₹14,895 |
Retail (Maximum) | 13 | 585 | ₹193,635 |
Small HNI (Minimum) | 14 | 630 | ₹208,530 |
Small HNI (Maximum) | 67 | 3015 | ₹997,965 |
Large HNI (Minimum) | 68 | 3060 | ₹1,012,860 |
IPO ALLOTMENT DETAILS
|
Event |
Date |
|
Allotment of Shares |
Friday, January 12, 2024 |
|
Initiation of Refunds |
Monday, January 15, 2024 |
|
credit of Shares to Demat Account |
Monday, January 15, 2024 |
|
Listing Date |
Tuesday, January 16, 2024 |
To check for Allotment, click here