Here is a full Summary of Jyoti CNC Automation LTD IPO Details. Keep visiting daily for important dates. You can bid for this IPO between 9th Jan 2024 to 11th Jan 2024. You can apply through a minimum amount of ₹14895, 45 shares (1 Lot) and between the price range of ₹315 to ₹331.
Table of Contents
COMPANY OVERVIEW
Jyoti CNC Automation Limited was founded in January 1991 and is currently one of the world’s top manufacturers of CNC machines. It holds the second-largest market share in India and the twelfth-largest in the world. The company is committed to becoming a “Temple of Technology” and has grown significantly since its establishment. Initially, Jyoti manufactured machine gears and gradually evolved to produce precision lathes with comprehensive gear drives. Later, the company transitioned from conventional machines to advanced CNC machines.
The company offers a range of CNC machines including turning centres, milling centres, vertical and horizontal machining centres, vertical line machines, and high-tech machining centres with 3 and 5 axes.
Jyoti company has plants in GIDC, Metoda, RAJKOT – Gujarat. They offer customized solutions to various industries including aerospace, defence, auto, general engineering, EMS, tools and dies and others.
THE ISSUE
The company is offering 3,02,11,480 fresh equity shares.
IPO Issue Size – ₹1000 Cr
Minimum Investment – ₹14895
JYOTI CNC AUTOMATION LTD IPO IMPORTANT DATES
| Opening Date | 9th Jan 2024 |
| Closing Date | 11th Jan 2024 |
| Allocation Date | 12th Jan 2024 |
| Refund Initiation Date | 15th Jan 2024 |
| Demat Transfer Date | 15th Jan 2024 |
| IPO Listing Date | 16th Jan 2024 |
| Issue Price | ₹315- ₹331 Per Share |
| Lot Size | 45 shares |
| Face Value | ₹2 Per Share |
PURPOSE OF THE IPO
The company is required to use funds for the following reasons:
- The company may fully or partially repay certain borrowings.
- Funding of working capital requirements of the Company;
- General Corporate Purposes.
JYOTI CNC AUTOMATION LTD IPO FINANCIAL INFO
| Period | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Total 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 |
| Total Borrowing | 821.40 | 834.97 | 792.16 | 725.12 |
Amount in ₹ Crore
Financially company is good to buy for long-term vision as the company’s Assets are growing, but the borrowing also increased year by year. ISRO, Brahmos Aerospace, Turkish Aerospace, Tata Advance System, Tata Sikorsky Aerospace, and Bharat Forge, are the customers of the company.
We/I are not SEBI Registered, we advise accordingly our research please bid for IPO at your own risk.
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