Jyoti CNC Automation IPO GMP, review, Date, share Price, 2023

Jyoti CNC Automation IPO description – Jyoti CNC Automation Limited is coming up with its Initial public offering. The IPO will be open for subscription on january 9, 2023

 

 

Jyoti CNC Automation IPO Details

 

Jyoti CNC IPO Dates 9 – 11 January 2024
Jyoti CNC IPO Price INR 315 – 331 per share
Fresh issue INR 1,000 crore
Offer For Sale NIL
Total IPO size INR 1,000 crore
Minimum bid (lot size) 45 shares (INR 14,895)
Face Value INR 2 per share
Retail Allocation 10%
Listing On BSE, NSE

Jyoti CNC Automation IPO – Date Schedule

 

IPO Open Date 09 January 2024
IPO Close Date 11 January 2024
Basis of Allotment Date 12 January 2024
Initiation of Refund 15 January 2024
Credit of Shares to Demat Account 15 January 2024
IPO Listing Date 16 January 2024

 

Jyoti CNC Automation IPO – About Company 

 

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.

 

Jyoti CNC Automation Financial Performance

 

  FY 2021 FY 2022 FY 2023
Revenue 580.06 746.49 929.26
Expenses 661.67 791.81 955.20
Net income (70.03) (48.30) 15.06
Margin (%) (12.07) (6.47) 1.62

Figures in INR Crores 

 

Jyoti CNC Automation Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS (4.75) (3.28) 1.02
PE ratio 308.82 – 324.51
RONW (%) (62.20) (117.37) 18.35
NAV 7.64 2.79 5.57
ROCE (%) 0.47 4.85 9.50
EBITDA (%) 5.46 9.73 10.48
Debt/Equity 6.44 19.25 10.17

Competitive 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.

 

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; and
  • General corporate purposes.

Jyoti CNC IPO GMP Today 

 

Date IPO GMP Kostak Subject to Sauda
6 January 2024 67 1,400
5 January 2024 85 1,600
4 January 2024 60 2,000

Jyoti CNC Automation IPO Allotment Status

 

Jyoti CNC IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

 

Jyoti CNC Automation IPO Peer Comparison

 

S. No. Face Value Company Name PE
1 1 Elgi Equipments Limited 44.30
2 10 Lakshmi Machine Works Limited 37.69
3 1 Triveni Turbine Limited 67.76
4 2 TD Power Systems Limited 46.66
5 10 Macpower CNC Machines Ltd 51.31

 

Jyoti CNC Automation IPO – Lots Size & Price

 

Application Lots Shares Amount
Retail (Min) 1 45 14,895
Retail (Max) 13 585 1,93,635
S-HNI (Min) 14 630 2,08,530
S-HNI (Max) 67 3,015 9,97,965
B-HNI (Min) 68 3,060 10,12,860

 

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Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

 

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