Jyoti CNC Automation IPO: Empowering Financial Success with a Rs 1,000-cr Opening on Jan 9

Jyoti CNC Automation IPO: Setting the Stage for a Game-Changing Rs 1,000-cr Opening on Jan 9

Jyoti CNC Automation IPO Introduction

• Jyoti CNC Automation charts a historic course with a Rs 315-331 price band for its groundbreaking Rs 1,000-crore IPO.
• Paving the way as the debut public issue and listing in the auspicious calendar year 2024.

Jyoti CNC Automation IPO Unveiling the Price Band

• Jyoti CNC Automation, a pioneer in metal-cutting CNC machines, earmarks the share price at Rs 315-331.
• The bidding spectacle unfolds from January 9 to January 11, with a prelude on January 8 in the form of the anchor book.

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Jyoti CNC Automation IPO Dynamics

• The IPO comprises a sole fresh issue component, ensuring the entirety of the proceeds enrich the coffers of the Rajkot-based company.
• A thoughtful gesture reserves Rs 5 crore worth of shares for employees, with a Rs 15 discount per share.

Jyoti CNC Automation IPO Market Dominance

• Jyoti CNC Automation commands a substantial market share of around 10 percent in India, particularly thriving in the aerospace, defense, and medical sectors.
• Boasting two manufacturing hubs in Gujarat and one in France, the company stands out as a premier producer of simultaneous 5-axis CNC machines.

Jyoti CNC Automation IPO Global Impact

• Over the past three fiscal cycles, Jyoti CNC has dispatched a remarkable 8,400 CNC machines to 3,500+ customers worldwide.
• With a staggering order book of Rs 3,315.33 crore as of September 2023, including significant orders from the electronics manufacturing services (EMS) sector.

Jyoti CNC Automation IPO Financial Resurgence

• A transformative fiscal year ending March FY23 witnesses Jyoti CNC’s shift into profitability, recording a net profit of Rs 15.06 crore, rebounding from a Rs 48.3 crore loss.
• Robust financials driven by revenue surge to Rs 929.3 crore, a 24.4 percent increase over the previous year.

Jyoti CNC Automation IPO Structure and Investor Outreach

• 75 percent earmarked for qualified institutional buyers, 15 percent for high net-worth individuals, and 10 percent beckoning retail investors.
• Investors can partake with a minimum bid of 45 equity shares and multiples thereafter, catering to varied investment capacities.

Jyoti CNC Automation IPO Closing and Trading Schedule

• Post-IPO closure, the company swiftly finalizes the basis of IPO share allotment by January 12.
• Equity shares credited to demat accounts of successful investors by January 15, heralding the commencement of trading on January 16.

Jyoti CNC Automation IPO New Year, New Milestone

• The Jyoti CNC Automation IPO emerges as not only the maiden public issue but also the first listing, marking a significant milestone in the dawn of the new year 2024.

This article delves into the intricacies of Jyoti CNC Automation’s transformative IPO, inviting investors to participate in this historic financial venture.