Jyoti CNC Automation Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Jyoti CNC Automation Ltd IPO

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).

Jyoti CNC Automation Ltd IPO Details

Total Shares Offered

₹ 3,02,18,649

Offer to Public

TBA

Retail Max (Shares)

₹ 30,06,759

Pre Issue Promoters Holding

₹ 10,91,70,655

Exchange

BSE

Issue size

₹ 1000 Cr

IPO Open Date

Jan 9, 2024

Close Date

Jan 11, 2024

Lot Size

Min Investment

₹ 14,175

Issue Type

Book Building

Listing Date

Jan 16, 2024

Jyoti CNC Automation Ltd IPO Dates

Jan 9, 2024

Opening date

Jan 11, 2024

Closing date

Jan 12, 2024

Basis of Allotment

Jan 15, 2024

Initiation of Refunds

Jan 15, 2024

Credit of Shares

Jan 16, 2024

Listing date

Details

Sector	Type
Sector	Engineering
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	22550694
NII	0x	4510139
Retail	0x	3006759
Employee	0x	151057
Total	0x	30218649

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

22550694

4510139

3006759

151057

30218649

Jyoti CNC Automation Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	1,817.70	1,338.47	929.26
EBITDA	480.31	241.36	103.45
PAT	310.05	139.99	39.33
Total Assets	2,015.28	1,732.23	1,098.48
Share Capital	45.48	45.48	32.93
Total Borrowings	835.35	440.67	748.72
Operating Activities (Net Cash)	342.07	167.21	65.00
Investing Activities (Net Cash)	249.86	202.47	173.88
Financing Activities (Net Cash)	835.35	440.67	748.72
Net Cashflow	117.14	314.69	12.33

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.

Peer Comparison:

Elgi Equipments Ltd
Lakshmi Machine Works Ltd
Triveni Turbine Ltd
TD Power Systems Ltd
Macpower CNC Machines Ltd

Jyoti CNC Automation Ltd 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.

How To Apply for Jyoti CNC Automation Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Jyoti CNC Automation Ltd IPO?

Jyoti CNC Automation Ltd's IPO offers shares for up to 1,000 It begins on Jan 9, 2024 and ends on Jan 11, 2024.

What is the price of the Jyoti CNC Automation Ltd IPO?

The price of Jyoti CNC Automation Ltd IPO ranges between ₹315 to ₹331 per share.

What are the open and close dates for the Jyoti CNC Automation Ltd IPO?

The Jyoti CNC Automation Ltd IPO opens on Jan 9, 2024 and closes on Jan 11, 2024.

When will the Jyoti CNC Automation Ltd IPO be allotted?

The allotment for the Jyoti CNC Automation Ltd IPO will be finalised on Jan 12, 2024. The shares will be listed on BSE and NSE on Jan 16, 2024.

What is the minimum lot size required for Jyoti CNC Automation Ltd IPO?

The minimum lot size for Jyoti CNC Automation Ltd IPO is 45 shares, priced between ₹315 to ₹331 per share.

What is the GMP of Jyoti CNC Automation Ltd IPO?

The GMP (Grey Market Premium) of Jyoti CNC Automation Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Jyoti CNC Automation Ltd IPO?

To check the allotment status of Jyoti CNC Automation Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Jyoti CNC Automation Ltd IPO getting listed?

The Jyoti CNC Automation Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 9, 2024, and closes on Jan 11, 2024. The allotment is finalised on Jan 12, 2024.

How do you apply for the Jyoti CNC Automation Ltd IPO?

To apply for the Jyoti CNC Automation Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.