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Jyoti CNC Automation IPO

Jyoti CNC Automation IPO

  • Status: Closed
  • RHP:
  • ₹ 14,175 / 45 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    16 Jan 2024

  • Listing Price

    ₹372.00

  • Listing Change

    12.39%

  • Last Traded Price

    ₹1,222.65

IPO Details

  • Open Date

    09 Jan 2024

  • Close Date

    11 Jan 2024

  • IPO Price Range

    ₹ 315 to ₹ 331

  • IPO Size

    ₹ 1,000 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    16 Jan 2024

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IPO Timeline

Jyoti CNC Automation IPO Subscription Status

Last Updated: 15 February 2024 6:16 PM by 5Paisa

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:

 

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

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


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.
 

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FAQs

The Jyoti CNC Automation IPO is open from 9th January to 11th January 2024.

The size of Jyoti CNC Automation IPO is around ₹1000 cr. 

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.
 

The price band of Jyoti CNC Automation IPO is ₹315 to ₹331 per share.

The minimum lot size of Jyoti CNC Automation is 45 shares and the minimum investment requirement is ₹14,175.

The share allotment date of Jyoti CNC Automation IPO is the 12th of January 2024.

The Jyoti CNC Automation IPO will be listed on the 16th of January 2024.

Equirus Capital Private Limited, ICICI Securities Limited, and SBI Capital Markets Limited are the book-running lead managers for this 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.