Jyoti CNC Automation Ltd, a global CNC machine manufacturing leader, is gearing up for a significant milestone with its Initial Public Offering (IPO) scheduled to hit the market on January 9, 2024, and conclude on January 11, 2024.
Key IPO Details:
- IPO Size: Approx ₹1000 Crores
- Fresh Issue: ₹1000 Crores
- Offer for Sale: Up to [.] Equity Shares of ₹2 Each
- Face Value: ₹2 Per Equity Share
- IPO Price Band: ₹315 to ₹331 Per Share
- Listing on: BSE & NSE
- Retail Quota: 10%
- QIB Quota: 75%
- NII Quota: 15%
The IPO offers a diverse range of shares to various investor categories, with the retail quota at 10%, QIB at 75%, and HNI at 15%. The company aims to raise significant capital to fuel its growth plans.
IPO Market Lot:
- Minimum Market Lot: 45 shares with ₹14,895 application amount.
- Retail Maximum: Retail investors can apply up to 13 lots with 585 shares or ₹193,635 amount.
This structure provides flexibility for both retail and high-net-worth investors to participate in the IPO.
IPO Timeline:
- Anchor Investors Allotment: January 8, 2024
- IPO Open Date: January 9, 2024
- IPO Close Date: January 11, 2024
- Basis of Allotment: January 12, 2024
- Refunds: January 15, 2024
- Credit to Demat Account: January 15, 2024
- IPO Listing Date: January 16, 2024
Investors can anticipate swift and efficient processes with the IPO journey progressing seamlessly.
Company Financial Report:
The financial report showcases Jyoti CNC Automation’s growth trajectory and financial stability.
IPO Valuation – FY2023:
- Earning Per Share (EPS): ₹1.02 per Equity Share
- Price/Earning P/E Ratio: N/A
- Return on Net Worth (RoNW): 18.35%
- Net Asset Value (NAV): ₹5.57 per Equity Share
These key valuation metrics provide insights into the company’s financial health and performance.
Peer Group and Promoters:
Peer Group:
- Elgi Equipments Limited
- Lakshmi Machine Works Limited
- Triveni Turbine Limited
- TD Power Systems Limited
Company Promoters:
- Parakramsinh Ghanshyamsinh Jadeja
- Sahdevsinh Lalubha Jadeja
- Vikramsinh Raghuvirsinh Rana
- Jyoti International LLP
Jyoti CNC Automation enters the market with a robust IPO, poised to attract investor attention and reinforce its position as a leader in the CNC machine manufacturing industry..