Jyoti CNC Automation Limited is a manufacturer and supplier of CNC machines. The company is based in India and specializes in manufacturing and supplying CNC machines.
The product range includes 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.
The company’s customer base includes 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.
The company has a wide range of CNC machines with 200 types in 44 series. In the last three financial years, over 7,200 machines have been supplied to more than 3,000 customers worldwide, including India, Europe, North America and a few parts of Asia. Since April 1, 2004, Jyoti CNC has delivered over 30,000 CNC machines worldwide.
The company distributes its products worldwide through Huron’s established dealer network and also has 29 sales and service centres in Romania, France, Poland, Belgium, Italy and the UK.
The company has three manufacturing facilities, two of which are located in Rajkot, Gujrat, and another in Strasbourg, France, which has the necessary capabilities to design, develop and manufacture 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 June 30, 2023, the Company had an order backlog of ₹ 31,430.56 million, including an order of ₹ 2,602.50 million from an electronic manufacturing services (EMS) company.
As of June 30, 2023, the company had a total of 2,573 employees.
Jyoti CNC Automation IPO – Details
| IPO Opening Date | 09 January 2024 |
| IPO Closing Date | 11 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3,02,11,480 Shares Worth ₹1000 Crore Fresh Issue: 3,02,11,480 Shares Worth ₹1000 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹315 – ₹331 |
| Market Lot | 45 Shares |
| Min Order | 45 Shares (1 Lot) |
| Employee Discount | ₹15 |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Jyoti CNC Automation IPO – Date Schedule
| IPO Open Date | 09 January 2024 |
| IPO Close Date | 11 January 2024 |
| Basis of Allotment Date | 12 January 2024 |
| Initiation of Refund | 15 January 2024 |
| Credit of Shares to Demat Account | 15 January 2024 |
| IPO Listing Date | 16 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 11 January 2024 |
Jyoti CNC Automation IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | 14,895 |
| Retail (Max) | 13 | 585 | 1,93,635 |
| S-HNI (Min) | 14 | 630 | 2,08,530 |
| S-HNI (Max) | 67 | 3,015 | 9,97,965 |
| B-HNI (Min) | 68 | 3,060 | 10,12,860 |
Competitive Strengths
- One of the leading CNC machine manufacturing companies globally as well as in India with presence across the CNC metal cutting machinery value chain.
- Well diversified global customer base spread across end-user industries.
- Focus on technology and ability to deliver innovative solutions bolstered by dedicated R&D facilities.
- Vertically integrated operations which enables customisation and production efficiencies.
- Experienced Promoters supported by a strong management and execution team.
Company Promoters
- Parakramsinh Ghanshyamsinh Jadeja
- Sahdevsinh Lalubha Jadeja
- Vikramsinh Raghuvirsinh Rana
- Jyoti International LLP
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 590.09 | 661.66 | -70.02 | 725.12 |
| 31 March 2022 | 750.06 | 791.81 | 48.30 | 792.16 |
| 31 March 2023 | 952.60 | 955.20 | 15.06 | 834.97 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.35% |
| ROCE | 9.50% |
| Debt/Equity | 10.17 |
| EPS (Rs) | 1.02 |
| RoNW | 18.35% |
Object Of The Issue
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company;
- Funding long-term working capital requirements of the company; and
- General corporate purposes.
Jyoti CNC Automation IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 1 | Elgi Equipments Limited | 44.30 |
| 2 | 10 | Lakshmi Machine Works Limited | 37.69 |
| 3 | 1 | Triveni Turbine Limited | 67.76 |
| 4 | 2 | TD Power Systems Limited | 46.66 |
| 5 | 10 | Macpower CNC Machines Ltd | 51.31 |
Jyoti CNC Automation IPO Promoter Holding
| Pre Issue Share Holding | 72.13% |
| Post Issue Share Holding | 62.55% |
Jyoti CNC Automation IPO Prospectus
- Jyoti CNC Automation IPO DRHP
- Jyoti CNC Automation IPO RHP
Company Contact Information
| Jyoti CNC Automation Limited G – 506, Lodhika GIDC Village Metoda, Rajkot – 360 021, Phone: + 91-2827–235182 Email: investors@jyoti.co.in Website: https://jyoti.co.in/ |
Jyoti CNC Automation IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: jyoticnc.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
Jyoti CNC Automation IPO Lead Manager(s)
| 1. Equirus Capital Private Limited 2. ICICI Securities Limited 3. SBI Capital Markets Limited |
Jyoti CNC Automation IPO FAQs
| What is Jyoti CNC Automation IPO? Jyoti CNC Automation IPO is a main-board IPO. The issue is priced at ₹315 to ₹331 per equity share. The IPO is to be listed on BSE & NSE. |
| When Jyoti CNC Automation IPO will open? The IPO is to open on 09 January 2024 for QIB, NII, and Retail Investors. |
| What is Jyoti CNC Automation IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Jyoti CNC Automation IPO? You can apply Jyoti CNC Automation IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Jyoti CNC Automation IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Jyoti CNC Automation”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Jyoti CNC Automation IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Jyoti CNC Automation“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Jyoti CNC Automation IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Jyoti CNC Automation”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Jyoti CNC Automation IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Jyoti CNC Automation”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Jyoti CNC Automation IPO Size? Jyoti CNC Automation IPO size is ₹1000 Crore. |
| What is Jyoti CNC Automation IPO Price Band? Jyoti CNC Automation IPO Price Band is ₹315 to ₹331. |
| What is Jyoti CNC Automation IPO Minimum and Maximum Lot Size? The minimum bid is 45 Shares with ₹14,895 amount while the maximum bid is 585 Shares with ₹1,93,635. |
| What is the Jyoti CNC Automation IPO Allotment Date? Jyoti CNC Automation IPO allotment date is 12 January 2024. |
| What is the Jyoti CNC Automation IPO Listing Date? Jyoti CNC Automation IPO listing date is 16 January 2024. The IPO is to list on BSE and NSE. |
