Jyoti CNC Automation Limited IPO Detail
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.
Company Promoters
The promoters of the company are Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP.IPO Details
| IPO Opening Date | Jan 09, 2024 |
| IPO Closing Date | Jan 11, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹315 - 331 per equity share |
| Market Lot | 45 Shares |
| Min Order Quantity | 45 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹1,000 Cr |
| Fresh Issue | ₹1,000 Cr |
| Offer for Sale | - |
| Retail Portion | 10% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.02x | - | - | 3.83x | 8.77x | 2.68x |
| Day 2 | 0.23x | - | - | 6.82x | 11.69x | 4.13x |
| Day 3 | 46.37x | - | - | 38.33x | 27.50x | 40.49x |
IPO Tentative Timetable
The Jyoti CNC Automation Limited IPO open date is Jan 09, 2024, and the close date is Jan 11, 2024. The issue may list on Jan 16, 2024.
| IPO Open Date | Jan 09, 2024 |
| IPO Close Date | Jan 11, 2024 |
| Basis of Allotment Date | Jan 12, 2024 |
| Initiation of Refunds | Jan 15, 2024 |
| Credit of Shares to Demat Account | Jan 15, 2024 |
| IPO Listing Date | Jan 16, 2024 |
IPO Lot Size
The Jyoti CNC Automation Limited IPO market lot size is 45 shares. A retail-individual investor can apply for up to 13 lots (585 shares or ₹193635).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 45 | ₹14895 |
| Maximum | 13 | 585 | ₹193635 |
IPO Promoter Holding
| Pre Issue Share Holding | 72.66% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crore)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-23 | 1706.07 | 510.53 | 3.35 |
| 31-Mar-23 | 1515.38 | 952.60 | 15.06 |
Objects of the Issue:
The company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:
- 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; and
- General corporate purposes.
Jyoti CNC Automation Limited IPO Registrar:
Link Intime India Private Ltd
Jyoti CNC Automation Limited IPO Lead Manager(s):
Equirus Capital Private Limited ICICI Securities Limited SBI Capital Markets Limited
Company Contact Information:
Jyoti CNC Automation Limited
G - 506, Lodhika GIDC Village Metoda
Rajkot
Gujarat
