Jyoti CNC Automation Limited
IPO Details
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Company Fin.
₹38(11.48%)
Premium (ELP)
Jyoti CNC Automation Limited's successfully completed its Initial Public Offering and commenced trading on Jan 16, 2024 at the NSE, BSE exchange. The company raised 3,02,11,480 Shares through this public offering, comprising 3,02,11,480 Shares in fresh capital.
The IPO was priced within the band of ₹315 to ₹331, with minimum application lots of 45 shares. The offering attracted significant investor interest during its subscription period from Jan 09, 2024 to Jan 11, 2024.
Share allotment was finalized on Jan 12, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in January 1991, Jyoti CNC Automation Limited is a leading manufacturer and supplier of CNC machines, specializing in CNC turning centres, turning-milling centres, vertical and horizontal machining centres (VMCs and HMCs), simultaneous 3-axis and 5-axis machining centres, and multi-tasking machines. The company serves a diverse customer base, including ISRO, BrahMos Aerospace, Turkish Aerospace, Tata Advanced Systems, Bosch, and Bharat Forge. With a product range comprising 200 types across 44 series, Jyoti CNC has supplied over 30,000 machines globally, including more than 7,200 in the last three financial years, reaching markets in India, Europe, North America, and parts of Asia. It operates three manufacturing facilities—two in Rajkot, Gujarat, and one in Strasbourg, France—supporting a production capacity of 4,400 machines annually in India and 121 machines in France. The company distributes its products worldwide through Huron’s established dealer network and has 29 sales and service centres across Europe. As of June 30, 2023, Jyoti CNC had an order backlog of ₹31,430.56 million, including a ₹2,602.50 million order from an electronic manufacturing services (EMS) company, and employed a total of 2,573 people.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Parakramsinh Ghanshyamsinh Jadeja
- Sahdevsinh Lalubha Jadeja
- Vikramsinh Raghuvirsinh Rana
- Jyoti International LLP
Jyoti CNC Automation Limited
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