Jyoti CNC Automation Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Jyoti CNC Automation Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹331
Per ShareLot Size
45 Shares
Minimum Investment
₹14,895
Issue Size
₹1,000 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Jyoti CNC Automation Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
55.36%
Issue Type
Book Building
ISIN
INE980O01024
About the Company
Jyoti CNC Automation Limited is one of the world's leading manufacturers of metal cutting computer numerical control (CNC) machines with the third largest market share in India accounting approximately 10% of the market share in India in Fiscal 2023 and twelfth largest market share globally accounting for 0.4% of the market share globally in calendar year 2022. The Company is a prominent manufacturer of simultaneous 5-Axis CNC machines in India and supply a diverse portfolios of CNC machines including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs) and CNC Horizontal Machining Centers (HMCs).
Industry Overview
The global CNC machining Centers market is estimated to be ~$51.5 billion in 2027. This market is majorly driven by global automotive and heavy industries manufacturers, who are embracing automation and advanced software solutions to meet their customers' needs. In addition, shortage of skilled labor, working hour limits, and labor costs are on the rise. Thus, there is a rapid growth in the demand for automated precision machines. Global CNC Machining Centers Market is expected to grow at CAGR of 10.3% from 2023-2027.
Company History
Jyoti CNC Automation Limited was originally incorporated as `AMB Engineering Company Private Limited', at Gujarat as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the RoC, on January 17, 1991. Thereafter, pursuant to a special resolution passed by the Shareholders of the Company on April 19, 2002, the Company's name was changed to yoti CNC Automations Private Limited', and a fresh certificate of incorporation dated May 08, 2002, was issued to the Company by the RoC. Subsequently, pursuant to a special resolution passed by the Shareholders of the Company on April 04, 2008, the Company's name was changed to yoti CNC Automation Private Limited', and a fresh certificate for incorporation dated April 28, 2008 was issued to the Company by the RoC. Thereafter, the Company was converted into a public limited company pursuant to a special resolution passed by the Shareholders of the Company on September 17, 2012 and the name of the Company was changed to its present name, `Jyoti CNC Automation Limited', pursuant to a fresh certificate of incorporation issued by the RoC on November 30, 2012.
Products & Services
- Jyoti CNC Automation Ltd is one of the world's leading manufacturers of metal cutting computer numerical control (CNC) machines.
Growth Strategy
- Focus on improving its market share and taking advantage of the growing industry demand.
- Expand its presence across other end-user industries and diversify its customer base and geographical reach.
- Continuously augmenting its capacity in line with its expected business growth.
- Improving its financial risk profile.
Customer Base
Space Applications Centre - ISRO, BrahMos Aerospace Thiruvananthapuram Limited, MBDA , Turkish Aerospace, Uniparts India Limited, AVTEC Limited, Tata Advanced System Limited, Tata Sikorsky Aerospace Limited, Bharat Forge Limited, C.R.I. Pumps Private Ltd Kalyani Technoforge Limited, Shakti Pumps (India) Limited, Shreeram Aerospace & Defence LLP, Kalyani Technoforge Limited, Shakti Pumps (India) Limited, Shreeram Aerospace & Defence LLP, Rolex Rings Limited, Orbit Bearings India Private Limited, Omnitech Engineering Private Limited, Harsha Engineers International Limited, Bosch Limited, HAWE Hydraulics Private Limited, Festo India Private Limited, Elgi Rubber Company Limited, National Fittings Limited, and Aequs Private Limited.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 30,218,649^ equity shares of face value of Re. 2 each (equity shares) of Jyoti CNC Automation Limited (The Company) for cash at a price of Rs. 331 per equity share (including a share premium of Rs. 329 per equity share) (issue price) aggregating Rs. 1000.00^ crores (issue). The issue included a reservation of 158,227^ equity shares of face value of Rs. 2 each aggregating Rs. 5.00^ crores (constituting 0.07%^ of its post-issue equity share capital), for subscription by eligible employees (employee reservation portion). The company, in consultation with the brlms, offered a discount of Rs. 15 of the issue price to the eligible employees bidding in the employee reservation portion (employee discount). The issue less the employee reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue constitute 13.29%^ and 13.22%^ of its post-issue paid-up equity share capital of the company, respectively. The face value of the equity shares is Rs. 2 each and the issue price is 165.50 times the face value of the equity shares. ^Subject to finalisation of the basis of allotment. A discount of Rs. 15 per equity share was offred to eligible employees bidding in the employee reservation portion.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- The company's success is dependent on its relationship with it customers, and the company do not, generally enter into long term purchase contracts. This exposes it to risk emanating from the inability to retain the company established customers as its clients.
- The Company does not have long-term agreements with suppliers for its input materials and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on its business and results of operations.
- The company operates in a competitive industry. Any inability to compete effectively may lead to a lower market share or reduced operating margins.
- The company is completely reliant on third-party logistics service providers for transport of input materials and finished products.
- Any failure on its part to effectively manage the company inventory may result in an adverse effect on its business, revenue from manufacturing operations and financial condition.