What you must know about Jyoti CNC Automation IPO?
by 5paisa Research Team
03 Jan 2024
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 16-Jan-24
- IPO Price Range ₹315
- Listing Price ₹372
- Listing Change 12.4 %
- Last Traded Price ₹1219.1
- Current Change 268.3 %
Jyoti IPO Details
- Open Date 09-Jan-24
- Close Date 11-Jan-24
- Lot Size 45
- IPO Size ₹ 1,000 Cr
- IPO Price Range ₹ 315 to ₹ 331
- Min Investment ₹ 14175
- Listing Exchange BSE, NSE
- Basis of Allotment 12-Jan-24
- Refunds 15-Jan-24
- Credit to Demat Account 15-Jan-24
- Listing Date 16-Jan-24
Jyoti CNC Automation IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 09-Jan-24 | 0.02 | 3.84 | 8.84 | 2.70 |
| 10-Jan-24 | 0.23 | 6.83 | 11.74 | 4.14 |
| 11-Jan-24 | 46.37 | 38.33 | 27.51 | 40.49 |
Jyoti IPO Synopsis
Jyoti CNC Automation Limited IPO is all set to open from 9th January to 11th January 2024. The company makes metal cutting computer numerical control (CNC) machines. The IPO includes a fresh issue of 30,211,480 shares worth ₹1000 cr. The share allotment date is 12th January, and the IPO will be listed on 16th January on the stock exchanges. The price band for this IPO is ₹315 to ₹331 per share and the lot size is 45 shares.
Equirus Capital Private Limited, ICICI Securities Limited, and SBI Capital Markets Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Jyoti CNC Automation IPO:
● To fund working capital requirements.
● To prepay or repay full/partial borrowings obtained by the company.
● General corporate purpose.
Jyoti CNC Automation IPO Video:
About Jyoti CNC Automation
Established in 1991, Jyoti CNC Automation Limited makes metal cutting computer numerical control (CNC) machines. The company ranks third for having the largest market share in India accounting for around 10% as of FY2023. Globally, it has a market share of 0.4% and ranked 12th in the calendar year 2022.
Jyoti CNC Automation manufacturers and supplies 5-Axis CNC machines, CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs) and CNC Horizontal Machining Centers (HMCs) for clients in different industries such as aerospace and defence, auto and auto components, general engineering, EMS, dies and moulds, and others.
Since 2004, the company has supplied 30,000+ CNC machines in India and abroad. As of September 2023, it offers 200+ variants in 44 product series.
Jyoti CNC Automation has three manufacturing facilities out of which two are based in Rajkot, Gujarat and one is based in Strasbourg, France. The company sells its products in Romania, France, Poland, Belgium, Italy, and the United Kingdom via Huron’s distribution network. It has 29 sales and service facilities which are spread across 12 States in the country.
Over the years, Jyoti CNC Automation has worked with some prominent clients such as Space Applications Centre – ISRO, BrahMos Aerospace Thiruvananthapuram Limited, Turkish Aerospace, Uniparts India Limited, AVTEC Limited, Tata Advanced System Limited, Bharat Forge Limited, C.R.I. Pumps Private Limited, Bosch Limited, and more.
Peer Comparison
● Elgi Equipments Limited
● Lakshmi Machine Works Limited
● Triveni Turbine Limited
● TD Power Systems Limited
● Macpower CNC Machines Limited
For More Information:
Webstory on Jyoti CNC Automation IPO
Jyoti CNC Automation Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 929.25 | 746.48 | 580.05 |
| EBITDA | 97.37 | 72.66 | 31.68 |
| PAT | 15.06 | -48.30 | -70.02 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 1515.38 | 1286.23 | 1388.19 |
| Share Capital | 32.93 | 29.48 | 29.48 |
| Total Borrowings | 1433.31 | 1245.08 | 1275.60 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 11.66 | 38.54 | 26.41 |
| Net cash from / (used in) investing activities | -31.61 | -31.05 | -17.67 |
| Net cash flow from / (used in) financing activities | 33.59 | -15.16 | -1.79 |
| Net increase (decrease) in cash and cash equivalents | 13.65 | -7.67 | 6.96 |
Jyoti IPO Key Points
-
Strengths
1. The company is one of the leading CNC machine manufacturing companies globally and in India.
2. It has a well-diversified global customer base spread across various industries.
3. Strong R&D focus and tech ability to deliver innovative solutions.
4. The company has vertically integrated operations which helps it to increase efficiencies and offer customisation.
5. Experienced promoters and management team.
-
Risks
1. The company has reported losses in the past.
2. It has significant indebtedness and carries debt servicing obligations.
3. It has substantial working capital requirements and working capital expenditure.
4. Operates in a highly competitive market.
5. The company does not have repeat orders from its Customers on an annual or bi-annual basis.
6. It operates in the capital goods industry which is sensitive to general economic downturns.
7. Faces foreign exchange risks.
Jyoti
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
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your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Jyoti IPO FAQs
When does the Jyoti CNC Automation IPO opens and closes?
The Jyoti CNC Automation IPO is open from 9th January to 11th January 2024.
What is the size of the Jyoti CNC Automation IPO?
The size of Jyoti CNC Automation IPO is around ₹1000 cr.
How to apply for the Jyoti CNC Automation IPO?
To apply for Jyoti CNC Automation IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Jyoti CNC Automation IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
What is the price band of Jyoti CNC Automation IPO?
The price band of Jyoti CNC Automation IPO is ₹315 to ₹331 per share.
What is the minimum lot size and investment required for the Jyoti CNC Automation IPO?
The minimum lot size of Jyoti CNC Automation is 45 shares and the minimum investment requirement is ₹14,175.
What is the allotment date of the Jyoti CNC Automation IPO?
The share allotment date of Jyoti CNC Automation IPO is the 12th of January 2024.
What is the Jyoti CNC Automation IPO listing date?
The Jyoti CNC Automation IPO will be listed on the 16th of January 2024.
Who are the book runners for Jyoti CNC Automation IPO?
Equirus Capital Private Limited, ICICI Securities Limited, and SBI Capital Markets Limited are the book-running lead managers for this IPO.
What is the objective of Jyoti CNC Automation IPO?
The proceeds from this public issue will be used for:
● To fund working capital requirements.
● To prepay or repay full/partial borrowings obtained by the company.
● General corporate purpose.
Contact Details of Jyoti CNC Automation IPO
Contact Information
Jyoti CNC Automation Limited
G - 506, Lodhika GIDC
Village Metoda,
Rajkot – 360 021,
Phone: + 91-2827–235182
Email: investors@jyoti.co.in
Website: https://jyoti.co.in/
Jyoti CNC Automation IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: jyoticnc.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Jyoti CNC Automation IPO Lead Manager
Equirus Capital Private Limited
ICICI Securities Limited
SBI Capital Markets Limited
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