Jyoti CNC Automation IPO GMP Today ( Grey Market Premium )

The Jyoti CNC Automation IPO commenced on January 9, 2024, and concluded on January 11, 2024. The allotment of shares took place on January 12, 2024, and the initiation of refunds began on January 15, 2024. The shares were credited to the demat accounts of investors on January 15, 2024. Finally, the listing of Jyoti CNC Automation on the stock exchange occurred on January 16, 2024.

The Jyoti CNC Automation IPO was priced at ₹315 to ₹331 per share, with a lot size of 45 shares. The total issue size was ₹1000 crores, comprising a fresh issue of ₹1000 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 75% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 10% of the shares.

Jyoti CNC Automation IPO Basic Details

Jyoti CNC Automation IPO GMP Today:

Jyoti CNC Automation IPO Details:

Founded in January 1991, Jyoti CNC Automation Limited makes and sells CNC machines. They’re based in India and are experts in creating and providing CNC machines.

They offer a variety of products like CNC turning centres, CNC turning-milling centres, CNC vertical machining centres (VMCs), CNC horizontal machining centres (HMCs), simultaneous 3-axis CNC machining centres, simultaneous 5-axis CNC machining centres, and multi-tasking machines.

Their customers include notable names like the Indian Space Applications Center – ISRO, BrahMos Aerospace Thiruvananthapuram, Turkish Aerospace, Uniparts India, Tata Advances System, Tata Sikorsky Aerospace, Bharat Forge, Shakti Pumps (India), Shreeram Aerospace & Defense, Rolex Rings, Harsha Engineers, Bosch Limited, HAWE Hydraulics, Festo India, Elgi Rubber, National Fittings, and others.

Jyoti CNC boasts a wide range of CNC machines, with 200 types in 44 series. Over the past three financial years, they’ve supplied over 7,200 machines to more than 3,000 customers globally, spanning India, Europe, North America, and some parts of Asia. Since April 1, 2004, they’ve delivered over 30,000 CNC machines worldwide.

They distribute their products globally through Huron’s established dealer network and have 29 sales and service centres in Romania, France, Poland, Belgium, Italy, and the UK.

With three manufacturing facilities – two in Rajkot, Gujarat, and one in Strasbourg, France – they have the capabilities to design, develop, and manufacture their entire product line.

As of June 30, 2023, their production capacity was 4,400 machines per year in India and 121 machines per year in France.

At the same date, their order backlog was ₹31,430.56 million, including a ₹2,602.50 million order from an electronic manufacturing services (EMS) company.

As of June 30, 2023, the company employed a total of 2,573 people.

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