The Jyoti CNC Automation IPO will utilize the funds raised for long-term working capital, loan repayments, and corporate purposes. It also aims to enhance its brand image and visibility among customers by listing equity shares on stock exchanges and creating a public market for its shares in India, as outlined in its RHP.
Jyoti CNC Automation IPO GMP
The grey market premium (GMP) for Jyoti CNC IPO is +85, indicating that the shares of Jyoti CNC Automation are trading at a premium of ₹85 in the grey market. Considering the upper end of the IPO price range and the current GMP, it suggests that the expected listing price for Jyoti CNC Automation shares stands at ₹416 per share. This represents a 25.68% increase compared to the IPO price of ₹331 per share.
Jyoti CNC Automation IPO Anchor Investors List
On January 8th, a CNC machine manufacturing firm raised ₹448 crore from anchor investors by offering 1,35,27,190 equity shares at ₹331 per share. The investors included prominent names such as Goldman Sachs, Nomura Funds, Natixis International Funds, Neuberger Berman Emerging Markets Equity Fund, Optimix Wholesale Global, The Master Trust Bank of Japan, Prudential Hong Kong, Carmignac Portfolio, Allianz Global Investors Fund, and Eastspring Investments India Fund.
Jyoti Automation IPO – Price Band
The price range for the Jyoti CNC Automation IPO has been set at ₹315 to ₹331 per equity share with a face value of ₹2.
Jyoti CNC Automation IPO Subscription
The subscription period for the Jyoti CNC Automation IPO is set to begin on Tuesday, January 9, and will conclude on Thursday, January 11.
Jyoti CNC Automation IPO Allotment Date
The share allocation for the T+3 listing schedule is anticipated to occur on January 12, 2024, which falls on the upcoming Friday.
Jyoti CNC Automation IPO Details
Jyoti CNC Automation, established in 1991, is a leading CNC machine manufacturer in India, holding the third-largest market share in 2023. They produce a variety of 5-axis CNC machines for industries such as aerospace, defense, automotive, and general engineering.
Their ‘7th Sense’ solution aligns with ‘Industry 4.0,’ automating CNC machine diagnostics. With vertically integrated processes, they offer customized solutions, attracting international clients like ISRO and Turkish Aerospace. For product design and development, the company operates manufacturing facilities in Rajkot, Gujarat, India, and Strasbourg, France.
How do you apply for the Jyoti Automation IPO?
To apply for the Jyoti CNC Automation Limited IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Jyoti CNC Automation Limited on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application easily.
After the allotment process, check your allotment status to verify share allocation. Applying for the Jyoti CNC Automation Limited IPO with Alice Blue is quick and straightforward!