Uploaded on Jan 8, 2024
As the entire issue of Rs 1000 crore will be a fresh issue, hence the whole fund will go to the company, as no promoters are selling their stake. As per the red herring prospectus, out of the funds raised from this IPO around Rs 475 crore will be used for Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company.
Jyoti CNC Automation IPO Details
Jyoti CNC Automation IPO Details: Date, Share
Price, Size, GMP & Review
Incorporated in January 1991, Jyoti CNC Automation Limited is the manufacturer and
supplier of computer numerical control (CNC) machines with a specialization in making
CNC machines that includes CNC turning centres, CNC turning-milling centres, CNC
horizontal machining centres (HMCs), CNC vertical machining centres (VMCs),
simultaneous 5-axis CNC machining centres, simultaneous 3-axis CNC machining centres
and multi-tasking machines.
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Jyoti CNC Automation IPO Objectives
As the entire issue of Rs 1000 crore will be a fresh issue, hence the
whole fund will go to the company, as no promoters are selling their
stake. As per the red herring prospectus, out of the funds raised from
this IPO around Rs 475 crore will be used for Repayment and/or pre-
payment, in full or part, of certain borrowings availed by our Company.
While. Rs 360 crore will be used to meet the funding of long-term
working capital requirements of our company. However, the remaining
part of the fund will be also used for general corporate purposes and
bear the expenses of this IPO issue.
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Jyoti CNC Automation IPO Issue Price &
Size
The issue price of Jyoti CNC Automation IPO is Rs 315 to Rs 331
per
share, which means investors can bid between these lower and
upper price bands. While the total issue size of Jyoti CNC
Automation IPO is Rs 1,000 crore that will be entirely a fresh
issue.
The company is going to issue around 30,211,480 equity shares
of
RsR e2 afadc eM voalruee each and investors can apply with the lot size in
the multiple of 45 shares.
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Jyoti CNC Automation IPO Launch Date
The IPO will be open on 09 January 2024 and the last date is 11
Jan 2024, which means you can bid or apply for the IPO
between 09 Jan to 11 Jan 2024.]
However, as per the resources, the tentative date for the basis of
allotment of Jyoti CNC Automation IPO is 12 Jan 2024, and the
listing date is 16 Jan 2024. Refunds or money and allotment of
credited shares into the demat account will be done by 15 Jan
2024.
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Jyoti CNC Automation Financial Performance
As per the draft red herring prospectus and red herring prospectus field with SEBI, the
Revenue of Jyoti CNC Automation for the last six months of the current financial year (FY24)
or you can say Sep ended 2023 stood at Rs 509.82 crore. The EBITDA and Net Profit of the
company for the same period stood at Rs 74.40 crore and Rs 3.35 crore respectively.
For the full year (FY23) the revenue of the company was Rs 929.26 crore which has increased
with a CAGR growth of 26.57% from Rs 580.06 crore in FY21. However, owing to better
operating margins company has registered a CAGR growth of 75.3% from Rs 31.69 crore in
FY21 to Rs 74.40 crore in FY23. The EBITDA margin of the company was 5.46% in FY21 that is
thanks to optimizing the operating expenses the same has improved to 14.6% in FY23.
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Thank You
Contact us:
96382-37000
Mansukh Securities and Finance Limited: SEBI Registration Number-INZ000164537 ( Members-
NSE,BSE,MCX, ),IN-DP-72-2015 ( DP-NSDL, CDSL ) Mansukh Stock Brokers Limited : SEBI Registration Number-
INZ000164937 ( Members -BSE ), IN-DP-36-2015 Mansukh Commodity Futures Private Limited : SEBI Registration
Number-INZ000063032 ( Members- NCDEX ) Mansukh IFSC Broking Private Limited : SEBI Registration Number-
INZ000099432 (Members- NSE IFSC, INDIA INX)Procedure to file a complaint on SEBI SCORES: Register on SCORES
portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID.
Benefits: Effective Communication, Speedy redressal of the grievances Investments in securities market are subject
to market risks; read all the related documents carefully before investing.
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