IPO

Jyoti CNC Automation Limited IPO

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Industrial Products

Listed On: Jan 16, 2024 at ₹ 370.0(NSE)

₹ 14895 /45 Shares

Check Allotment

09 Jan, 2024

Open Date

11 Jan, 2024

Close Date

12 Jan, 2024

Allotment Date

16 Jan, 2024

Listing Date
Price Summary

Last Closing

957.00 (189.12%)

52 Week High

1,416.45

52 Week Low

750.10

Last Update

19-Dec-2025 3:30 PM
Jyoti CNC Automation Limited IPO Issue Details
  • Issue Price ₹315-331 per equity share
  • Face Value ₹2 Per Equity Share
  • Total Issue Size 3,02,11,480 shares(aggregating up to ₹1000 crore)
  • Fresh Share 3,02,11,480 shares(aggregating up to ₹1000 crore)
  • Listing at BSE, NSE
  • List Price 370.0(NSE)
  • Listing Date 2024-01-16
  • Lead Manager Equirus Capital Private Limited
    ICICI Securities Limited
    SBI Capital Markets Limited
  • Registrar Link Intime India Private Ltd
Market Lot Size

Investors can bid for a minimum of 45 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 45 ₹14,895
Retail(max) 13 585 ₹1,93,635
SHNI(min) 14 630 ₹2,08,530
SHNI(max) 67 3,015 ₹9,97,965
BHNI(min) 68 3,060 ₹10,12,860
Jyoti CNC Automation Limited IPO Reservation

Jyoti CNC Automation Limited IPO offers total 30,218,650 shares. Out of which 9,018,127 (29.84%) allocated to QIB, 4,509,064 (14.92%) allocated to NII,3,006,042 (9.95%) allocated to RII, 158,227 (0.52%) allocated to employees and 13,527,190 (44.76%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 13,527,190 (44.76%)
QIB Shares Offered 9,018,127 (29.84%)
NII (HNI) Shares Offered 4,509,064 (14.92%)
bNII > ₹10L 3,006,042 (9.95%)
sNII < ₹10L 1,503,021 (4.97%)
Retail Shares Offered 3,006,042 (9.95%)
Employee Shares Offered 158,227 (0.52%)
Total Shares Offered 30,218,650 (100%)
Jyoti CNC Automation Limited IPO Documents
DRHP
RHP
ANCHOR
Jyoti CNC Automation Limited IPO Details


Jyoti CNC Automation Limited IPO is a book-built issue of ₹1000 crores, The total issue size is ₹1000 crores. The IPO of Jyoti CNC Automation Limited is priced at ₹315-331 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Jan 9, 2024 and ends on Jan 11, 2024. The allotment for Jyoti CNC Automation Limited IPO will be finalized on Jan 12, 2024. Jyoti CNC Automation Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jan 16, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 45 shares, extendable to 14,895. S-HNIs will be able to bid for 630 shares at ₹2,08,530, while B-HNIs can also apply for a bid of 3,060 shares at ₹10,12,860. The book-running lead manager for the IPO is/are Equirus Capital Private Limited, ICICI Securities Limited, SBI Capital Markets Limited.

The total issue ₹1000 crore, comprising a fresh issue of 3,02,11,480 shares ₹1000 crore
The Jyoti CNC Automation Limited IPO sets its price band at 315-331 for each share. A single application for Jyoti CNC Automation Limited IPO must contain at least 45 shares. Sentiment investors need to invest a minimum of 45 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,895 In order to participate in the sNII, investors must purchase at least 14 lots of 630 shares for ₹2,08,530, while the bNII requires 68 lots of 3,060 shares for an investment of ₹10,12,860.

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Jyoti CNC Automation Limited IPO Subscription Analysis And Details
Retail
26.17x
QIB
44.13x
NII
36.48x
bNII
40.70x
sNII
28.04x
Total
38.53x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 9,018,127 4,509,064
3,006,042    1,503,021 		3,006,042 16,533,233
Day 1 09-01-24 05:00 PM
0.02 x 3.63
2.99 x   4.92 x 		8.28 x 2.52 x
Day 2 10-01-24 05:00 PM
0.22 x 6.49
5.88 x   7.70 x 		11.08 x 3.92 x
Day 3 11-01-24 05:00 PM
44.13 x 36.48
40.70 x   28.04 x 		26.17 x 38.53 x
Total No of Applications
16,13,063
Subscription on the basis of Applications
24.15
Jyoti CNC Automation Limited Valuations
EPS Pre IPO ₹0.76/-
EPS Post IPO ₹0.29/-
P/E Pre IPO 433.43
P/E Post IPO 1122.83
ROE 18.35%
ROCE 9.50%
Debt/Equity 10.17
RoNW 18.35%
Price to Book Value 59.43
Jyoti CNC Automation Limited Company Financials
In Crs.
In Cr.
30-Sep-23 31-Mar-23 31-Mar-22 31-Mar-21
Assets 1,706.07 1,515.38 1,286.24 1,388.19
Revenue 510.53 952.60 750.06 590.09
Profit After Tax 3.35 15.06 -48.30 -70.03
Net Worth 205.63 36.23 -29.68 18.67
Reserves & Surplus 213.33 49.14 11.67 83.11
Total Borrowing 821.40 834.97 792.16 725.12
About Jyoti CNC Automation Limited Company

Jyoti CNC Automation Limited is a manufacturer and supplier of CNC machines, incorporated in January 1991. 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 customer base of the company 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 offers CNC machines with an impressive number of 200 varieties in 44 series. More than 7,200 CNC machines were sold to more than 3,000 customers throughout the last three financial years itself across the Indian and Europe geographies along with North America, a few parts of Asia. Post April 1, 2004, it has been offering over 30,000 CNC machines around the globe.The company distributes its products worldwide through Huron's established dealer network, besides having 29 sales and service centers in Romania, France, Poland, Belgium, Italy, and UK.The company has three manufacturing facilities, out of which two are located in Rajkot, Gujrat, and one in Strasbourg, France. It has all the capabilities required to design, develop, and manufacture the whole product line there.

As of June 30, 2023, company had a production capacity of 4,400 machines per annum in India and 121 machines per annum in France.The order backlog stood at ₹ 31,430.56 million for the Company as of June 30, 2023. An electronic manufacturing services company has ordered ₹ 2,602.50 million worth of machines from the Company.

The employee strength stood at 2,573 as of June 30, 2023.

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Jyoti CNC Automation Limited - Promoter(s)

Parakramsinh Ghanshyamsinh Jadeja

Sahdevsinh Lalubha Jadeja

Vikramsinh Raghuvirsinh Rana

Jyoti International LLP

Pre Issue Share Holding : 72.66%

Post Issue Share Holding : 62.60%

Jyoti CNC Automation Limited IPO - Issue Objectives
1

Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company

2

Funding long-term working capital requirements of the company

3

General corporate purposes.

Jyoti CNC Automation Limited IPO - Anchor Investors

Jyoti CNC Automation IPO: Investors pick Rs 448 crore shares via anchor book.

Marquee names like Goldman Sachs, Nomura Funds, Natixis International Funds, Neuberger Berman Emerging Markets Equity Fund, Optimix Wholesale Global, The Master Trust Bank of Japan, Prudential Hong Kong, Carmignac Portfolio, Allianz Global Investors Fund, and Eastspring Investments India Fund invested in the Rajkot-based company.

Domestic institutional investors ICICI Prudential Mutual Fund, Nippon Life India, Kotak Mahindra Trustee, Axis Mutual Fund, Manulife Global Fund, Canara Robeco Mutual Fund, Invesco Mutual Fund, Bandhan Mutual Fund, Edelweiss Trusteeship, HDFC Life Insurance Company, and Bajaj Allianz Life Insurance Company also participated in the counter.

Jyoti CNC Automation Limited IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Jyoti CNC Automation Limited 1.02 1.02 5.57 N/A 18.35 N/A Consolidated
Elgi Equipments Limited 11.72 11.71 43.27 44.3 27.04 N/A Consolidated
Lakshmi Machine Works Limited 359.47 359.47 2189.04 37.69 16.42 N/A Consolidated
Triveni Turbine Limited 5.97 5.97 23.92 67.76 25.32 N/A Consolidated
TD Power Systems Limited 6.23 6.22 38.74 46.66 16.01 N/A Consolidated
Macpower CNC Machines Ltd 12.89 12.89 96.61 51.31 13.34 N/A Consolidated

Notes:

  1. Basic EPS and Diluted EPS refer to the Basic EPS and Diluted EPS sourced from the financial statements of the respective company.
  2. P/E Ratio has been computed based on the closing market price of equity shares on BSE on August 28, 2023 divided by the Diluted EPS provided.
  3. Return on net worth (RoNW) is computed as profit for the year attributable to common shareholders of the parent divided by net worth (excluding non-controlling interest) as of March 31, 2023.
  4. NAV per equity share has been computed as the net worth attributable to common shareholders (excluding non-controlling interest) divided by the total number of shares outstanding as of March 31, 2023.
Contact Details

Jyoti CNC Automation Limited

G - 506, Lodhika GIDC Village Metoda

+91-2827–235182

investors@jyoti.co.in

https://jyoti.co.in/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

jyoticnc.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html