Jyoti CNC Automation was incorporated on January 17, 1991. The company is one of the leading manufacturers of CNC machines, holding the second-largest market share in India and the twelfth-largest globally. It is a prominent manufacturer of simultaneous 5-axis CNC machines in India and supplies one of the most diverse portfolios of CNC machines in the country. This includes CNC turning centers, CNC turn-mill centers, CNC vertical machining centers, CNC horizontal machining centers, simultaneous 3-axis CNC machining centers, simultaneous 5-axis CNC machining centers, and multi-tasking machines.
| Bidding Dates |
|---|
| 09 Jan 2024 - 11 Jan 2024 |
| Subscription |
|---|
| 38.53x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,175 | 1 | 13 | 45 | 30.2 M | ₹315 - ₹331 | 62.55 % | ₹9516.6 M - ₹10000.0 M | RHP DOC |
Jyoti CNC Automation IPO SUBSCRIPTION STATUS
11 Jan '24Jyoti CNC Automation IPO overall subscription rate was 38.53 times the total available shares
Jyoti CNC Automation IPO retail subscription rate was 26.17 times in the retail segment
Jyoti CNC Automation IPO non-institutional investor subscription rate was 36.48 times in the non-institutional investor category
Jyoti CNC Automation IPO Qualified Institutional Bidder subscription rate was 44.13 times the available shares for Qualified Institutional Bidder
Jyoti CNC Automation IPO Employees subscription rate was 12.47 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 10% | 15% | 75% | - |
11 Jan 2024 (Day 3) | 26.17x | 36.48x | 44.13x | 12.47x |
10 Jan 2024 (Day 2) | 11.08x | 6.49x | 0.22x | 5.08x |
09 Jan 2024 (Day 1) | 8.26x | 3.63x | 0.02x | 3.68x |
Jyoti CNC Automation FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 33.5 | 5,098.2 | -741.9 | -1,107.3 | 14.6% |
| FY23 | 150.6 | 9,292.6 | 116.7 | -224.0 | 10.5% |
| FY22 | -483.0 | 7,464.9 | 385.5 | -20.1 | 9.7% |
| FY21 | -700.3 | 5,800.6 | 280.5 | 137.8 | 5.5% |
Jyoti CNC Automation IPO SUBSCRIPTION STATUS DETAILS
Jyoti CNC Automation had 30.2 M shares on offer
Jyoti CNC Automation IPO offer price was in the range ₹315 - ₹331
Jyoti CNC Automation IPO minimum Investment was ₹14175
Jyoti CNC Automation IPO issue size was ₹ 9516.6 M - ₹ 10000.0 M
Jyoti CNC Automation had a minimum lot size of 45 Shares per application
Jyoti CNC Automation NUMBER OF SHARES ON OFFER
Jyoti CNC Automation IPO IMPORTANT DATES
| Issue Open Date | 09 Jan 2024 |
| Issue close Date | 11 Jan 2024 |
| Allotment Date | 12 Jan 2024 |
| Refund Date | 15 Jan 2024 |
| Demat Account Credit Date | 15 Jan 2024 |
| Listing Date | 16 Jan 2024 |
| Listing on Exchange(s) | NSE and BSE |
| Jyoti CNC Automation Allotment Status | Exchange |
Jyoti CNC Automation IPO subscription opened on 09 Jan 2024, and closed on 11 Jan 2024
IPO allotment for Jyoti CNC Automation was finalized on Friday, 12 Jan 2024
IPO listing for Jyoti CNC Automation was on NSE and BSE on Tuesday, 16 Jan 2024
Jyoti CNC Automation IPO LISTING GAINS
| Issue Price (adjusted) | 331.0 |
| Listing Open Price | 370.0 |
| Listing Close Price | 434.2 |
| Listing Gain% | 11.8% |
| Current Gain% | 136.9% |
Jyoti CNC Automation Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jyoti CNC Automation Ltd. | 784.3 | 17836.2 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| LMW Ltd. | 16629 | 17764.8 | 101.6 | 1.5 | 5.3 | 4.6 | 3.1 | 3353.4 | 6.9 | 130.7 | 27.4 | 163.6 | 69.6 |
Jyoti CNC Automation INFORMATION ON IPO ISSUE
About Jyoti CNC Automation
Jyoti CNC Automation was incorporated on January 17, 1991. The company is one of the leading manufacturers of CNC machines, holding the second-largest market share in India and the twelfth-largest globally. It is a prominent manufacturer of simultaneous 5-axis CNC machines in India and supplies one of the most diverse portfolios of CNC machines in the country. This includes CNC turning centers, CNC turn-mill centers, CNC vertical machining centers, CNC horizontal machining centers, simultaneous 3-axis CNC machining centers, simultaneous 5-axis CNC machining centers, and multi-tasking machines.
Object of the Issue
- 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
- General corporate purposes
Jyoti CNC Automation - PROMOTERS
| Name |
|---|
| Parakramsinh Ghanshyamsinh Jadeja |
| Sahdevsinh Lalubha Jadeja |
| Vikramsinh Raghuvirsinh Rana |
| Jyoti International LLP |
Jyoti CNC Automation Book Running Lead Manager
Equirus Capital Private Limited
jyoti.ipo@equirus.com
ICICI Securities Limited
jyoticncipo@icicisecurities.com
SBI Capital Markets Limited
jyoticnc.ipo@sbicaps.com
Jyoti CNC Automation Registrar to the Offer
Link Intime India Private Limited
jyoticnc.ipo@linkintime.co.in
Jyoti CNC Automation Strengths
Leading manufacturer
The company is one of the leading CNC machine manufacturing companies globally as well as in India, with a presence across the CNC metal cutting machinery value chain
Global customer base
The company has supplied over 30,000 CNC machines globally, and during the last three fiscals, it has supplied over 7,200 machines to more than 3,000 customers in India and across Asia (excluding India), Europe, North America, and the rest of the world
Product portfolio
The company is a manufacturer of simultaneous 5-axis CNC machines in India and is a supplier of one of the most diverse portfolios of CNC machines in the country. This includes CNC turning centers, CNC turn mill centers, and CNC vertical machining centers, among others
Jyoti CNC Automation Risks
Competitive industry
The company operates in a competitive industry. Any inability to compete effectively may lead to a lower market share or reduced operating margins
Incurred losses
The company has incurred losses in the past. Future losses could have an adverse impact on its growth prospects and would also preclude it from undertaking actions such as declaring dividends
Outstanding legal proceedings
There are certain outstanding legal proceedings involving the company, its promoters, directors, and subsidiaries, which, if determined against the company, could have a material adverse effect on the business
IPO FAQs
The promoters of the company are Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana and Jyoti International LLP.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 315.0 - 331.0.
The IPO application opens on Jan 09, 2024 and closes on Jan 11, 2024.
The minimum lot size for the IPO is 45. The maximum lot size for the IPO is 585.
For all category investors, the minimum application amount for this IPO is Rs. 14,175.0, the maximum value for this IPO is Rs 193,635.0.
This IPO will be allotted on Jan 12, 2024.
The refund will be credited to your account on Jan 15, 2024.
The allotted shares will be credited to your demat on Jan 15, 2024.
Jyoti CNC Automation Ltd.’s shares listed on the stock exchanges on Jan 16, 2024.