Jyoti CNC Automation Limited IPO is set to launch on 9 January, 2023. The company initiated its business operations in the year 1991. It is a manufacturer of CNC Machines. The product portfolio of the company includes CNC Vertical Machining Centres, CNC Turning Milling Centres, CNC Turning Centres, CNC Horizontal Machining centres, simultaneous 5 axis machining centres, simultaneous 3 axis machining centres and multi tasking machines. In all the company has 200 types of products in 44 series.
Its customers include ISRO, Turkish Aerospace, BrahMOS Aerospace Thiruvananthapuram, Uniparts India, Tata Sikorsky Aerospace, Tata Advanced Systems, Shreeram Aerospace and Defence, Shakti Pumps, Harsha Engineers, Rolex Rings, HAWE Hydraulics, Bosch Limited, Elgi Rubber, Festo India, National Fittings etc. The company has 29 sales centres across the world. Its manufacturing facility is located in Rajkot and another one is in France. The production capacity of the company’s plant in Rajkot is 4400 and that in France is 121 machines per year.
Jyoti CNC Automation Limited IPO DETAILS
Jyoti CNC Automation Limited IPO is set to launch on 9 January, 2023. The subscription timeline extends till 11 January, 2023. The size for the IPO is 1000 Crore Rs. Shares issued through fresh issue mode are worth Rs 1000 Crore. No shares are issued through offer for sale mode. The lot size is 45 shares and the price is 315 Rs to 331 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 2 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Jyoti CNC Automation Limited IPO
| IPO OPENING DATE | 9 January, 2023 |
| CLOSING DATE FOR IPO | 11 January, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 2 Rs. per share |
| IPO price band | 315 Rs. to 331 Rs. per share |
| LOT SIZE | 45 shares |
| MINIMUM ORDER QUANTITY | 45 shares |
| ISSUE SIZE | 1000 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 1000 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 16 January, 2023 |
Jyoti CNC Automation Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 9 January, 2023 |
| CLOSING DATE FOR IPO | 11 January, 2023 |
| IPO ALLOTMENT DATE | 12 January, 2023 |
| REFUNDS | 15 January, 2023 |
| DEMAT A/C CREDITED ON | 15 January, 2023 |
| IPO LISTING DATE | 16 January, 2023 |
Jyoti CNC Automation Limited IPO begins for subscription from 9 January, 2023. The IPO subscription would continue till 11 January, 2023. The allotment status for the shareholders who applied would come on 12 January, 2023. The refunds for the ones who did not get allotment would be initiated on 15 January, 2023. The DEMAT accounts of shareholders would be credited on 15 January, 2023. The listing of the company would be completed on 16 January, 2023.
Jyoti CNC Automation Limited IPO : Lead Managers
The lead managers are :
- Equirus Capital Private Limited
- ICICI Securities Limited
- SBI Capital Markets Limited
The minimum lot size for the company is decided at 45 shares. This holding accounts to 14895 Rs.. The maximum lot size is decided at 585 shares. This amounts to 193635 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 45 shares | 14895 Rs. |
| Maximum | 585 shares | 193635 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- With the IPO money the company might pay its outstanding loans.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 1388 | 1286 | 1515 |
| Revenue | 590 | 750 | 952 |
| PAT | (-70) | (-48) | 15 |
Jyoti CNC Automation Limited had an asset base of 1388 Crore Rs in 2021, 1286 Crore Rs in 2022 and 1515 Crore Rs in 2023. The revenue of the firm was 590 Crore Rs in 2021, 750 Crore Rs in 2022 and 952 Crore Rs in 2023. The company suffered a loss of 70 Crore Rs in 2021 and 48 Crore Rs in 2022. The profit of the year 2023 was 15 Crore Rs.
PROS
- The product portfolio of the company includes CNC Vertical Machining Centres, CNC Turning Milling Centres, CNC Turning Centres, CNC Horizontal Machining centres, simultaneous 5 axis machining centres, simultaneous 3 axis machining centres and multi tasking machines. In all the company has 200 types of products in 44 series.
- Its customers include ISRO, Turkish Aerospace, BrahMOS Aerospace Thiruvananthapuram, Uniparts India, Tata Sikorsky Aerospace, Tata Advanced Systems, Shreeram Aerospace and Defence, Shakti Pumps, Harsha Engineers, Rolex Rings, HAWE Hydraulics, Bosch Limited, Elgi Rubber, Festo India, National Fittings etc.
- The company has 29 sales centres across the world. Its manufacturing facility is located in Rajkot and another one is in France.
- The production capacity of the company’s plant in Rajkot is 4400 and that in France is 121 machines per year.
CONS
- The company works in a highly competitive segment.
Jyoti CNC Automation Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Jyoti CNC Automation Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
