Jyoti CNC Automation IPO Subscription Status (Live Data)

The Jyoti CNC Automation IPO started on January 9, 2024, and ended on January 11, 2024. Shares were allocated on January 12, 2024, and refund processes began on January 15, 2024. On January 15, 2024, the shares were credited to investors demat accounts. Jyoti CNC Automation was officially listed on the stock exchange on January 16, 2024.

During the IPO, Jyoti CNC Automation offered shares at a price range of ₹315 to ₹331 per share, and the lot size was 45 shares. The total issue size was ₹1000 crores, with ₹1000 crores from new shares. The IPO was listed on both the NSE and BSE.

Regarding share reservations, 75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.

Jyoti CNC Automation IPO Subscription Update Video

Jyoti CNC Automation IPO Subscription Status

The Jyoti CNC Automation IPO on January 11, 2023 was subscribed 40.49 times, with the retail category being subscribed 27.50 times, the NII (Non-Institutional Investor) category being subscribed 38.33 times, the QIB (Qualified-Institutional Buyers) category being subscribed 46.37 times and the Employee category being subscribed 13.14 times.

Jyoti CNC Automation IPO Basic Details

About Jyoti CNC Automation Limited

Jyoti CNC Automation Limited started in January 1991 and is a company from India that makes and sells CNC machines. They have a variety of products like CNC turning centers, CNC turning-milling centers, CNC vertical machining centers (VMCs), CNC horizontal machining centers (HMCs), 3-axis CNC machining centers, 5-axis CNC machining centers, and multi-tasking machines.

Some of the company’s customers include 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 has a wide range of CNC machines, offering 200 types in 44 series. Over the last three financial years, they supplied more than 7,200 machines to over 3,000 customers globally, including in India, Europe, North America, and some parts of Asia. Since April 1, 2004, they have delivered over 30,000 CNC machines worldwide.

To sell their products globally, Jyoti CNC uses Huron’s established dealer network and has 29 sales and service centers in Romania, France, Poland, Belgium, Italy, and the UK.

The company operates from three manufacturing facilities: two in Rajkot, Gujarat, India, and one in Strasbourg, France. The facility in France can design, develop, and make the entire product line.

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

As of the same date, the company had an order backlog of ₹31,430.56 million, which included a ₹2,602.50 million order from an electronic manufacturing services (EMS) company.

Also, as of June 30, 2023, the company had 2,573 employees.

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