Jyoti CNC Automation IPO will open for subscription from 09 January 2024. The company aims for an issue size of ₹1,000 Cr through this IPO.
Company Overview
| Full name | Jyoti CNC Automation Limited |
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipments |
| Company Website | https://jyoti.co.in/ |
About Company
Jyoti CNC Automation, a leading manufacturer in India, specializes in simultaneous 5-axis CNC machines. Offering one of the most diverse CNC portfolios in the country, its products include CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs), CNC Horizontal Machining Centers (HMCs), simultaneous 3-axis and 5-axis CNC Machining Centers, as well as multi-tasking machines. The company’s clientele includes prominent organizations such as the Indian Space Applications Center – ISRO, BrahMos Aerospace Thiruvananthapuram Limited, Turkish Aerospace, Uniparts India Limited, AVTEC Limited, Tata Advances System Limited, Tata Sikorsky Aerospace Limited, Bharat Forge Limited, C.R.I. Pumps Private Limited, Kalyani Technoforge Limited, Shakti Pumps (India) Limited, and Bosch Limited.
Jyoti CNC provides an extensive range with over 200 variants across 44 series. In the last three fiscal years, the company delivered 8,400 CNC machines to 3,500 customers in India, Asia (excluding India), Europe, North America, and other parts of the world. Since 1 April 2004, their global supply of CNC machines has surpassed 30,000 units. The company operates three manufacturing facilities, with two situated in Rajkot, Gujarat, and another in Strasbourg, France. The Strasbourg facility is equipped with the essential capabilities for designing, developing, and manufacturing the entire product line. As of 30 September 2023, Jyoti CNC Automation possessed the capability to produce 4,400 machines annually in India and 121 machines annually in France.
As of 30 September 2023, Jyoti CNC held an order book totaling INR 3,315.33 crore, which incorporates an INR 304.92 crore order from an entity in the electronics manufacturing services (EMS) industry, and the company’s total workforce comprised 2,624 employees.
The Objectives of the Issue
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company;
- Funding long-term working capital requirements of the company; and
- General corporate purposes.
Jyoti CNC Automation IPO Timetable
| IPO Opening date | 09 January 2024 |
| IPO Closing | 11 January 2024 |
| Basis of Allotment | 12 January 2024 |
| Initiation Refund | 15 January 2024 |
| Credit to Demat Account | 15 January 2024 |
| Listing Date | 16 January 2024 |
Jyoti CNC Automation IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹1,000 Cr – 30,211,480 shares |
| Fresh Issue | ₹1,000 Cr – 30,211,480 shares |
| Offer for sale | Nil |
| Face value | ₹02 per share |
| Price Band | ₹315 to ₹331 per share |
| Lot size | 45 Shares |
| Employee Discount | ₹15 per share |
| Shareholding pre-issue | 197,204,447 |
| Shareholding post-issue | 227,415,927 |
| Listing Exchange | BSE & NSE |
Jyoti CNC Automation IPO Lot Size
| Application | 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 | 3,015 | ₹997,965 |
| B-HNI (Min) | 68 | 3,060 | ₹1,012,860 |
Jyoti CNC Automation IPO Reservation Details
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Jyoti CNC Automation Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 580.06 | 746.49 | 929.26 | 509.82 |
| Expenses | 661.67 | 791.81 | 955.20 | 500.21 |
| Net income | (70.03) | (48.30) | 15.06 | 3.35 |
| Margin (%) | (12.07) | (6.47) | 1.62 | 0.66 |
Jyoti CNC Automation Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (4.75) | (3.28) | 1.02 |
| PE ratio | – | – | 308.82 – 324.51 |
| RONW (%) | (62.20) | (117.37) | 18.35 |
| NAV | 7.64 | 2.79 | 5.57 |
| ROCE (%) | 0.47 | 4.85 | 9.50 |
| EBITDA (%) | 5.46 | 9.73 | 10.48 |
| Debt/Equity | 6.44 | 19.25 | 10.17 |
Company Promoters
- Parakramsinh Ghanshyamsinh Jadeja
- Sahdevsinh Lalubha Jadeja
- Vikramsinh Raghuvirsinh Rana
- Jyoti International LLP.
Promoter Holding
| Pre Issue Share Holding | 72.66% |
| Post Issue Share Holding |
Jyoti CNC Automation IPO Lead Manager(s)
- Equirus Capital Private Limited
- ICICI Securities Limited
- SBI Capital Markets Limited
Jyoti CNC Automation Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: jyoticnc.ipo@linkintime.co.in
Website: www.linkintime.co.in
Jyoti CNC Automation Contact Details
JYOTI CNC AUTOMATION LIMITED
G – 506, Lodhika GIDC, Village Metoda,
Rajkot – 360 021, Gujarat, India
Phone: +91-2827235182
Email: investors@jyoti.co.in
Website: www.jyoti.co.in
Jyoti CNC Automation IPO Allotment Status
Jyoti CNC IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
Jyoti CNC Automation IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
