Explore the future of CNC machines with the Jyoti CNC Automation Limited IPO, offering a deep dive into the company’s global impact, financial prowess, and its imminent listing on BSE and NSE
Introduction
Jyoti CNC Automation Limited is preparing to make a ground-breaking announcement to the financial world by launching its Initial Public Offering (IPO). This book-built IPO, which is valued at an astounding Rs 1,000.00 crores, consists of a completely new issue of 3.02 crore shares. The subscription window, which opens on January 9, 2024, and closes on January 11, 2024, is much anticipated by investors. The BSE and NSE listings are expected to become live on Tuesday, January 16, 2024.
Unpacking the Issue
Price Band: ₹315 to ₹331 per share
Lot Size: 45 Shares
Minimum Investment (Retail): ₹14,895
IPO Timeline
For investors keen on the Jyoti CNC Automation IPO, here is the tentative schedule:
- Opening Date: January 9, 2024
- Closing Date: January 11, 2024
- Basis of Allotment: January 12, 2024
- Refund Initiation: January 15, 2024
- Credit of Shares to Demat: January 15, 2024
- Listing Date: January 16, 2024
- Cut-off time for UPI mandate confirmation: 5 PM on January 11, 2024
Investment Breakdown
Lot Sizes
Bids can be placed for multiples of 45 shares, with a minimum bid of 45. The minimum and maximum investments made by retail investors and High Net Worth Individuals (HNI) are broken down in detail below:
Retail:
- Minimum Lot: 1
- Maximum Lot: 13
- Shares: 585
- Amount: ₹193,635
S-HNI (Small HNI):
- Minimum Lot: 14
- Maximum Lot: 67
- Shares: 3,015
- Amount: ₹997,965
B-HNI (Big HNI):
- Minimum Lot: 68
- Maximum Lot: N/A
- Shares: 3,060
- Amount: ₹1,012,860
Company Overview
About Jyoti CNC Automation Limited
Jyoti CNC Automation Limited was established in January 1991 and is currently one of India’s top suppliers and manufacturers of CNC machinery. The company’s product lineup include multitasking machines, CNC turning centres, and CNC vertical and horizontal machining centres. It specialises in a wide variety of CNC machines.
Clientele and Global Presence
The clientele of Jyoti CNC Automation is international and includes well-known companies like Turkish Aerospace, BrahMos Aerospace, and ISRO. The company has established a strong foothold in Europe, North America, India, and some regions of Asia after successfully delivering over 30,000 CNC machines to customers worldwide.
Manufacturing Facilities
With the capacity to design, develop, and produce its whole product line, the company has three manufacturing facilities: two in Strasbourg, France, and one in Rajkot, Gujarat. The production capacity was 4,400 machines annually in India and 121 machines annually in France as of June 30, 2023.
Financial Performance
Jyoti CNC Automation Limited has shown remarkable progress in its financial position. The revenue climbed by 27% and the profit after tax (PAT) by an astounding 131.18% between March 31, 2022, and March 31, 2023. The company’s assets were valued at ₹1,706.07 crores as of September 30, 2023.
Key Financial Indicators
- P/E (x): 324.5
- ROE: 18.35%
- ROCE: 9.50%
- Debt/Equity: 10.17
- EPS (Rs): 1.02
- RoNW: 18.35%
IPO Objectives
The following goals will be achieved using the money acquired from the IPO:
- Full or partial repayment and/or prepayment of certain loans taken out by the business.
- Paying for the company’s long-term working capital needs.
- General corporate purposes.
In Conclusion
Within the growing CNC machine manufacturing industry, there is a unique investment opportunity presented by the Jyoti CNC Automation Limited IPO. The company has a strong track record of profitability, a distinguished clientele, and a global presence, making it well-positioned for substantial expansion. Before making an investment choice, investors who are thinking about taking part in the IPO should carefully review the information supplied and perform extensive due diligence. It will take time to determine the full degree of the IPO’s performance, but it is anticipated to have a significant impact on the market.
