Jyoti CNC Automation Ltd IPO
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Jyoti CNC Automation Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 302.19 L | TBA | ₹ 30.07 L | ₹ 1,091.71 L | BSE | ₹ 1000 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 09 Jan, 24 | 11 Jan, 24 | 45 | ₹ 14,175 | Book Building | 16 Jan, 24 |
Jyoti CNC Automation Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 22550694 | 0 |
| NII | 0x | 4510139 | 0 |
| Retail | 0x | 3006759 | 0 |
| Employee | 0x | 151057 | 0 |
| Total | 0x | 30218649 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Jyoti CNC Automation Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 1,338.47 | 929.26 | 746.49 |
| EBITDA | 241.38 | 103.45 | 78.84 |
| PAT | 139.99 | 39.33 | 19.25 |
| Total Assets | 1,732.34 | 1,098.48 | 881.81 |
| Share Capital | 45.49 | 32.93 | 29.48 |
| Total Borrowings | 440.80 | 748.72 | 591.18 |
| Operating Activities (Net Cash) | 167.22 | 65.00 | 45.77 |
| Investing Activities (Net Cash) | 202.47 | 173.88 | 25.31 |
| Financing Activities (Net Cash) | 440.80 | 748.72 | 591.18 |
| Net Cashflow | 314.69 | 12.33 | 20.26 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Jyoti CNC Automation Ltd
Jyoti CNC Automation Limited was originally incorporated as `AMB Engineering Company Private Limited', at Gujarat as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the RoC, on January 17, 1991. Thereafter, pursuant to a special resolution passed by the Shareholders of the Company on April 19, 2002, the Company's name was changed to yoti CNC Automations Private Limited', and a fresh certificate of incorporation dated May 08, 2002, was issued to the Company by the RoC. Subsequently, pursuant to a special resolution passed by the Shareholders of the Company on April 04, 2008, the Company's name was changed to yoti CNC Automation Private Limited', and a fresh certificate for incorporation dated April 28, 2008 was issued to the Company by the RoC. Thereafter, the Company was converted into a public limited company pursuant to a special resolution passed by the Shareholders of the Company on September 17, 2012 and the name of the Company was changed to its present name, `Jyoti CNC Automation Limited', pursuant to a fresh certificate of incorporation issued by the RoC on November 30, 2012.
The global CNC machining Centers market is estimated to be ~$51.5 billion in 2027. This market is majorly driven by global automotive and heavy industries manufacturers, who are embracing automation and advanced software solutions to meet their customers' needs. In addition, shortage of skilled labor, working hour limits, and labor costs are on the rise. Thus, there is a rapid growth in the demand for automated precision machines. Global CNC Machining Centers Market is expected to grow at CAGR of 10.3% from 2023-2027.
Jyoti CNC Automation Limited is one of the world's leading manufacturers of metal cutting computer numerical control (CNC) machines with the third largest market share in India accounting approximately 10% of the market share in India in Fiscal 2023 and twelfth largest market share globally accounting for 0.4% of the market share globally in calendar year 2022. The Company is a prominent manufacturer of simultaneous 5-Axis CNC machines in India and supply a diverse portfolios of CNC machines including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs) and CNC Horizontal Machining Centers (HMCs).
Peer Comparison:
- Elgi Equipments Ltd
- Lakshmi Machine Works Ltd
- Triveni Turbine Ltd
- TD Power Systems Ltd
- Macpower CNC Machines Ltd
Jyoti CNC Automation Ltd IPO Key Points
Strengths
- One of the leading CNC machine manufacturing companies globally as well as in India with presence across the CNC metal cutting machinery value chain.
- Well diversified global customer base spread across end-user industries.
- Focus on technology and ability to deliver innovative solutions bolstered by dedicated R&D facilities.
- Vertically integrated operations which enables customisation and production efficiencies.
- Experienced Promoters supported by a strong management and execution team.
Risk
- The company's success is dependent on its relationship with it customers, and the company do not, generally enter into long term purchase contracts. This exposes it to risk emanating from the inability to retain the company established customers as its clients.
- The Company does not have long-term agreements with suppliers for its input materials and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on its business and results of operations.
- The company operates in a competitive industry. Any inability to compete effectively may lead to a lower market share or reduced operating margins.
Strategy
- Focus on improving its market share and taking advantage of the growing industry demand.
- Expand its presence across other end-user industries and diversify its customer base and geographical reach.
- Continuously augmenting its capacity in line with its expected business growth.
- Improving its financial risk profile.
- One of the leading CNC machine manufacturing companies globally as well as in India with presence across the CNC metal cutting machinery value chain.
- Well diversified global customer base spread across end-user industries.
- Focus on technology and ability to deliver innovative solutions bolstered by dedicated R&D facilities.
- Vertically integrated operations which enables customisation and production efficiencies.
- Experienced Promoters supported by a strong management and execution team.
How To Apply for Jyoti CNC Automation Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
