Jyoti CNC Automation IPO
Jyoti CNC Automation IPO will open for subscription on January 09 and close on January 11. it is a fresh issue of Rs. 1000 Crore. An investor can apply for the issue for a minimum of 45 shares and the listing will happen on January 16, 2024.
#1. Quick Intro of Jyoti CNC Automation
Jyoti CNC Automation Limited (1991) is a manufacturer and supplier of metal-cutting computer numerical control (CNC) machines. A diverse portfolio list includes CNC turning centers, CNC turn-mill centers, CNC verticle machining centers, and CNC horizontal machining centers. The company has three manufacturing units in Gujarat. In fiscal year 2023, company is the India’s 3rd largest market share in this segment.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Jyoti CNC Automation
The company intends to use the IPO Funds for the following purposes:
- Repayment/prepayment in full or part of certain borrowing
- Meet the company’s working capital requirement
- General corporate-related and issue-related expenses
#3. Jyoti CNC Automation Core Strengths
- Leading CNC Machine Manufacturing Companies globally as well in India.
- Well-diversified global customer base
- Focus on technologies and ability to deliver innovative solutions
- Experienced promoters supported by a strong management team.
#4. Jyoti CNC Automation IPO Review & Rating
| Issue Size | Rs. 1000 Crore. |
| Issue Price | Rs.315 to Rs.331 |
| Minimum Lot Size | 45 Shares |
| Total Profit (March 2023) | Rs.15.06 Crore |
| ROC | 18.35 |
| ROCE | 9.50% |
| Listing on | NSE & BSE |
| IPO Deliver Rating | Three |
#5. Jyoti CNC Automation IPO Dates, Price Band & Details
Jyoti CNC Automation IPO will open on January 09, 2024, and close on January 11, 2023. The IPO is to be listed on January 12, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs. 1,000.00 Crore |
| Issue Price | Rs.315 to Rs.331 |
| Face Value | Rs. 02/- per share |
| IPO Open Date | January 09, 2023 |
| IPO Close Date | January 11, 2023 |
| IPO Allotment Date | January 12, 2024 |
| Refund Date | January 15, 2024 |
| Share Credit Date | January 15, 2024 |
| Listing Date | January 16, 2024 |
#6. Jyoti CNC Automation IPO Offer Details
Jyoti CNC Automation IPO’s total issue size is 30,211,480 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 30,211,480 | 1,000.00 |
| Offer for Sale (OFS) | – | – |
#7. Jyoti CNC Automation Financials Overview (Crore)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 952.60 | 750.06 | 590.09 |
| Net Worth | 36.23 | -29.68 | -70.03 |
| Profit | 15.06 | -48.30 | 70.03 |
| Total Borrowings | 834.97 | 792.16 | 725.12 |
#8. Jyoti CNC Automation Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 1.02 | (3.28) | (4.75) |
| RoNW (%) | 18.35 | (117.36) | (62.20) |
| NAV (Rs.) | 5.57 | – | – |
#9. Jyoti CNC Automation Comparison with Other Peer Companies
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in million) |
RoNW (%) | EPS (Rs.) |
| Elgi Equipments | 30,406.98 | 27.04 | 11.72 |
| Lakhshi Machine Works | 47,191.49 | 16.42 | 359.47 |
#10. Jyoti CNC Automation Company Promoters
The company has four promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Arakramsinh Ghanshyamsinh Jadeja |
| 02. | Sahdevsinh Lalubha Jadeja |
| 03. | Vikramsinh Raghuvirsinh Rana |
| 04. | Jyoti International LLP |
#11. Jyoti CNC Automation Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 72.66 |
| Post-issue | – |
#12. Jyoti CNC Automation IPO Reservation Details
Jyoti CNC Automation IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Individual Investor (RII) | Not more than 10% of the issue size |
| QIB Shares Offered | Not more than 75% of issue size |
| NII (HNI) Shares Offered | Not more than 15% of issue size |
#13. Jyoti CNC Automation IPO – Lot Size
An investor can apply for a minimum of 45 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 45 | Rs.14,895 |
| Retail (Max.) | 13 | 585 | Rs.193,635 |
| HNI (Min.) | 14 | 630 | Rs.208,530 |
| HNI (Max.) | 67 | 3,015 | Rs.997,965 |
#14. Jyoti CNC Automation IPO – Prospectus Copy
An investor can download/view the Jyoti CNC Automation prospectus copy, which the company filed to SEBI, details are as follows.
| Jyoti CNC Automation IPO Prospectus |
| Draft Red Herring Prospectus (DHRP) |
| Red Herring Prospectus (RHP) |
#15. Jyoti CNC Automation IPO Registrar
Link Intime India Private Limited
Phone No.: +91-8108114949
E-Mail: jyoticnc.ipo@linkintime.co.in
Website: www.linkintime.co.in
#16. Jyoti CNC Automation IPO Lead Manager
#1. SBI Capital Market Limited
#2. ICICI Securities Limited
#3. Equirus Capital Private Limited
#17. Jyoti CNC Automation IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Jyoti CNC Automation IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Jyoti CNC Automation Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Jyoti CNC Automation Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Jyoti CNC Automation Company Details
Jyoti CNC Automation Limited
Registered Office: G-506, Lodhika GIDC, Village Metodia, Rajkot-360021, Gujarat, India
Phone No: +91-2827235182
Email: investors@jyoti.co.in
Website: www.jyoti.co.in
Investor Grievances/Compliance Officer: Maulik B Gandhi
#19. Jyoti CNC Automation Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Jyoti CNC Automation Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Sahdevsinh Lalubha Jadeja |
| 02. | Vikramsinh Raghuvirsinh Rana |
Jyoti CNC Automation IPO – Frequently Asked Questions (FAQs)
| #1. What is Jyoti CNC Automation IPO?
Jyoti CNC Automation brings its IPO of Rs.1000 Crore, on January 09, 2024, with a price band of Rs.315 to Rs.331 per share. |
| #2. What is the Jyoti CNC Automation IPO Open date?
Jyoti CNC Automation IPO’s opening date is January 09, 2024 |
| #3. What is the Jyoti CNC Automation IPO Close Date?
Jyoti CNC Automation IPO’s closing date is January 11, 2024. |
| #4. What is the Jyoti CNC Automation IPO Listing date?
Jyoti CNC Automation’s IPO listing date is January 16, 2024. |
| #5. What is the Jyoti CNC Automation IPO Minimum investment amount?
Jyoti CNC Automation IPO’s minimum investment amount is Rs.14,895. |
| #6. What is the Jyoti CNC Automation IPO offer issue Size?
Jyoti CNC Automation offers an issue size of Rs.1000 Crores. |
| #7. What is the Jyoti CNC Automation IPO Price Band?
Jyoti CNC Automation’s IPO price band is Rs.315 to Rs.331 per share. |
| #8. Is Jyoti CNC Automation IPO mainboard IPO or SME IPO?
Jyoti CNC Automation IPO is a Mainboard IPO. |