Jyoti CNC Automation IPO
Jyoti CNC Automation IPO — date, price band, lot size & details 2024
Jyoti CNC Automation listed on 16 Jan 2024 at ₹370, 11.8% above the ₹331 issue price.
Jyoti CNC Automation makes metal cutting CNC machines, including 5-axis machines, and had about 10% share of the Indian market in Fiscal 2023. Its total income was Rs 952.60 crore in FY2023.
Stock price
Jyoti CNC Automation is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 09 Jan 2024
- Close 11 Jan 2024
- Allotment 12 Jan 2024
- Refund/credit 15 Jan 2024
- Listing 16 Jan 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 11 Jan, 2024 |
|---|---|
| Price Band | ₹315 – ₹331 |
| Face Value | ₹2 |
| Lot Size | 45 Shares |
| Issue Size | ₹1000 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 15.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,895 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 45 shares at the ₹331 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 590.09 crore in FY2021 to Rs 952.60 crore in FY2023.
- 02The company turned from a loss of Rs 70.03 crore in FY2021 to a profit of Rs 15.06 crore in FY2023.
- 03The whole Rs 1,000 crore issue was fresh capital, with Rs 475.00 crore for repaying debt.
- 04It had about 10% of the Indian CNC machine market in Fiscal 2023.
- 05Net worth rose from minus Rs 29.68 crore on 31 March 2022 to Rs 205.63 crore on 30 September 2023.
Risks · 5
- 01Profit is very thin, at Rs 3.35 crore in the six months to 30 September 2023.
- 02The pre-issue P/E was 433.43 at the upper band of Rs 331, based on EPS of Rs 0.76.
- 03Total borrowing was Rs 821.40 crore on 30 September 2023, and the source puts debt to equity at 10.17.
- 04Machine tool demand follows capital spending cycles in auto, aerospace and engineering. The source puts the PAT margin at 1.58%.
- 05Promoters and the promoter group held 72.13% before the issue and 62.55% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Jyoti CNC Automation offer document.
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,706.07 | 1,515.38 | 1,286.24 | 1,388.19 |
| Total Income | 510.53 | 952.60 | 750.06 | 590.09 |
| Profit After Tax | 3.35 | 15.06 | -48.30 | -70.03 |
| NET Worth | 205.63 | 36.23 | -29.68 | 18.67 |
| Reserves and Surplus | 213.33 | 49.14 | 11.67 | 83.11 |
| Total Borrowing | 821.40 | 834.97 | 792.16 | 725.12 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Jyoti CNC Automation RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Jyoti CNC Automation IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹0.76 | ₹0.29 |
| P/E Ratio (x) | 433.43 | 1,122.83 |
| Market Cap at Offer Price (₹ Cr) | ₹1,459.01 | ₹3,823.62 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹331 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹949.45 Cr of the issue is earmarked to named objects.
About the company
It had the third largest market share in India, about 10%, in Fiscal 2023, and the twelfth largest share globally, about 0.4%, in 2022. It is a prominent maker of simultaneous 5-axis CNC machines in India.
Its range includes CNC turning centres, turn mill centres, vertical machining centres and horizontal machining centres. Its registered office is at Metoda, Rajkot, Gujarat.
The IPO was Rs 1,000 crore and was entirely fresh issue. Rs 475.00 crore was planned for repaying borrowings and Rs 360.00 crore for long-term working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Jyoti CNC Automation IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
70 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: Kalyan Jewellers India (-15.0%).
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Equirus Capital Pvt.Ltd.
34 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Jyoti CNC Automation?
The current Grey Market Premium is ₹45, or 14% over the issue price.
What is the Jyoti CNC Automation IPO price band?
₹315 to ₹331, on a face value of ₹2.
When is the allotment?
The basis of allotment is 12 January 2024, with listing on 16 January 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
