Open Date
09 Jan 24
11 Jan 24
45 shares
₹1,000 Cr
Lot Size
IPO Size
Listing At
BSE, NSE
Listing Date
Price Range
₹315 to ₹331
Close Date
Allotment Date
12 Jan 24
16 Jan 24
Established in 1991, Jyoti CNC Automation Limited makes metal cutting computer numerical control (CNC) machines. The company ranks third for having the largest market share in India accounting for around 10% as of FY2023. Globally, it has a market share of 0.4% and ranked 12th in the calendar year 2022. Jyoti CNC Automation manufacturers and supplies 5-Axis CNC machines, CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs) and CNC Horizontal Machining Centers (HMCs) for clients in different industries such as aerospace and defence, auto and auto components, general engineering, EMS, dies and moulds, and others.
● To fund working capital requirements. ● To prepay or repay full/partial borrowings obtained by the company. ● General corporate purpose.
The book-running lead managers to the offer are: Equirus Capital Private Ltd ICICI Securities Ltd SBI Capital Markets Ltd
Disclaimer Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.