Jyoti CNC IPO detail review is given in this article with the application date, lot size issue size, price, GMP, Financials, company overview, pros and cons and my opinion about Jyoti CNC automation IPO. so, read this article completely before applying for this IPO.
This is the first main-line IPO of 2024. In this year there will be a lot of IPOs back to back you can click here and check the full list of upcoming IPOs in 2024.
Imp. Points
Jyoti CNC Automation IPO Review
| IPO Name | Jyoti CNC Automation |
| Sector | Manufacturing |
| Issue Type | Book Built IPO |
| Market Cap | ₹7527 Crore |
| IPO Size | ₹1,000 Cr. |
| Price Band | ₹315 – ₹331 / Share |
| Face Value | ₹2 / Share |
| Lot Size | 45 Share / Lot |
| PE Ratio (x) | 430 |
| Listing On | NSE & BSE |
| Registrar | LinkInTime |
| GMP | Check LIVE GMP |
India’s one of the largest CNC machine manufacturers and suppliers Jyoti CNC Automation issued a fresh issue of 1,000 Crore will be applied between 9 January to 11th January and will be listed on the 16th of January on the exchanges. LinkInTime is the registrar of this IPO.
Jyoti CNC IPO Date
| IPO Open Date | 9 January 2024 |
| IPO Last Date | 11 January 2024 *UPI Mandate till 4:50 PM |
| Allotment status | 12 January 2024 |
| Refund Initiate | 13 January 2024 |
| Share Credit to Demat | 15 January 2024 |
| Listing On Exchange | 16 January 2024 |
You can apply in Jyoti CNC IPO between 9th January and 11th January through UPI mandate or ASBA. To apply for any IPO, you need to open a free Demat account so click here and choose the best Demat account as per your requirements. You can trade your allotted shares after the listing on the 16th of January after 10:00 a.m.
Jyoti CNC IPO Quota Reserved
| Anchor Investor | Allotted (%) |
|---|---|
| QIB | 75% |
| S-HNI | 5% |
| B-HNI | 10% |
| Retail | 10% |
| Total | 100% |
According to the SEBI rules, if any company has faced net losses in the previous 3 years then retailers will be allowed a maximum of 10% because Jyoti CNC also in losses in 2021 and 2022 so as a retail investor you got only a 10% quota to apply for this IPO.
Jyoti CNC IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,895 |
| Retail (Max) | 13 | 585 | ₹193,635 |
| S-HNI (Min) | 14 | 630 | ₹208,530 |
| S-HNI (Max) | 67 | 3015 | ₹997,965 |
| B-HNI (Min) | 68 | 3060 | ₹1,012,860 |
In the retail category, you can apply a minimum of 1 lot around 15,000. For the S-HNI category, you must invest a minimum of 2 lakh and in the B-HNI category you have to invest more than 10 lakh.
Key factor of Jyoti CNC IPO
| P/E (x) | 430 |
| ROE | 18.35% |
| ROCE | 9.50% |
| Debt/Equity | 10.17 |
| EPS | 1.02 |
| RoNW | 18.35% |
Jyoti CNC IPO Financials
| Data & Time | Sep 2023 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Assets | 1,706.07 | 1,515.38 | 1,286.24 | 1,388.19 |
| Revenue | 510.53 | 952.60 | 750.06 | 590.09 |
| Profit (PAT) | 3.35 | 15.06 | -48.30 | -70.03 |
| Net Worth | 205.63 | 36.23 | -29.68 | 18.67 |
| Reserves and Surplus | 213.33 | 49.14 | 11.67 | 83.11 |
| Total Borrowing | 821.40 | 834.97 | 792.16 | 725.12 |
Jyoti CNC IPO GMP Today
GMP means Grey Market Premium which shows the demand for IPO. If you want to see the latest live GMP of Jyoti CNC then click here and go to our IPO GMP page where you will get updated data on GMP. Check Jyoti CNC GMP Live.
Jyoti CNC Automation Overview
Incorporated in 1991, Jyoti CNC is India’s leading manufacturer and supplier of CNC machines. The company has two manufacturing units in Rajkot, Gujarat and 1 in Strasbourg, France. The company distributes its product all over India and worldwide in North America, Europe, and other Asian countries.
Jyoti CNC automation has a wide range of CNC machines with 200 different types of Machines, including – CNC turning centres, CNC turning Million centres, CNC vertical machining and horizontal machining centres, simultaneous 3-axis and 5-axis CNC machine centres, multi-tasking machines, etc.
The company has a strong customer base in various sectors like automobile, Aerospace, and defence. the major customers are ISRO, Brahmos Aerospace Thiruvananthapuram, Turkish Aerospace, Uniparts India, Tata Advanced System, Rolex rings, Shriram Aerospace and Defence, Bharat Forge, Festo India, Bosch Limited, etc.
Also, the company has a good order book worth ₹31,430 million as of June 2023 and the company has a total of 2573 employees. It is good for the future growth of this company.
The main issue is the borrowing as of FY2023 the company has ₹834 crore of total borrowings and the debt-to-equity ratio is also higher than 10.
The company turned profitable in FY23 with around 15 crore profit from 48 crore losses in FY2022 which is around a 131% increase in profit after tax (PAT). Also, the companies revenue increased by 27% in FY23
Objects of Jyoti CNC IPO issue
- Repayment of borrowings.
- Funding long-term working capital requirements.
- General corporate purpose.
Pros and Cons
- Positives
- Sector is Good
- Good customer base in India and the world.
- Well diversified in the category.
- Negatives
- Borrowings are high.
- The debt-to-equity ratio is high.
- Margins are low.
- Not at a good valuation PE ratio is very high.
Final Decision Apply or not ?
The company’s business sector is good and well-diversified. The company has turned into a profitable and overall good customer base in India and also some other countries. In the world of artificial intelligence, the demand for CNC machines will increase in the future so it is a plus point for a long time. However, the valuation and debt are the main concerns. For the final decision and My Opinion, I will share before the last date in our Telegram channel so join and be updated.
FAQs
What is the date of application for Jyoti CNC IPO?
From 9th January to 11th January 2024, you can apply for Jyoti CNC IPO through your Demat account.
Who is the registrar of Jyoti CNC IPO?
The registrar of Jyoti CNC IPO is the LinkInTime. [email protected] is the email of the Registrar for any query related to Jyoti CNC IPO.
What is the Price of Jyoti CNC IPO?
The price band of the Jyoti CNC Automation IPO is 315 to 331 per share.
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