January 16, 2024
admin
Jyoti CNC IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
👉A legacy of 31 Years.
India`s Oldest Investment & IPO website.
👉Most Trusted by Investors across India.
Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
Post Listing Review: The shares of CNC (computer numerical control) machines manufacturer Jyoti CNC Automation listed on the bourses on Tuesday — the first mainboard IPO listing of 2024. The stock listed at a premium of 12.4% at Rs 372 a share on the BSE. It listed at Rs 370 on the NSE, a premium of 11.78% against an issue price of Rs.331.
Jyoti CNC Automation Allotment Status
1.Click below link:
https://www.bseindia.com/investors/appli_check.asp
2. Find ‘Issue Type’ and select ‘Equity’ under it.
3. Select ‘Jyoti CNC Automation Ltd’ in the drop box.
4. Next Enter your Application Number or Permanent Account Number (PAN).
5.Then, press the ‘Search’ option.
6.Your share application status will be on your screen.
What are the promoters of Jyoti CNC IPO?
PARAKRAMSINH GHANSHYAMSINH JADEJA, SAHDEVSINH LALUBHA JADEJA, VIKRAMSINH RAGHUVIRSINH RANA, AND JYOTI INTERNATIONAL LLP are the promoters of the Jyoti CNC Automation.
What are the Objects of Jyoti CNC IPO?
The Issue comprises a Fresh Issue by the Company.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:
1. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company;
2. Funding long-term working capital requirements of the Company; and
3. General corporate purposes
What is the business of Jyoti CNC?
Jyoti CNC Automation is one of the world’s leading manufacturers of CNC machines with the second and twelfth largest market share, in India and globally, respectively. In Fiscal 2022, it was the second largest CNC machine manufacturer in India and accounted for approximately 8% of the market share. It is a prominent manufacturer of simultaneous 5-Axis CNC machines in India and is a supplier of one of the most diverse portfolios of CNC machines in India including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs), CNC Horizontal Machining Centers (HMCs), simultaneous 3-Axis CNC machining Centers, simultaneous 5-Axis CNC machining Centers and multi-tasking machines. It relies on its expertise built over 2 decades of presence and strong R& D capabilities to deliver customised solutions to its customers across diverse set of industries including aerospace and defence, auto and auto components, general engineering, EMS, dies and moulds, and others.
It offers solutions suited for transitioning towards ‘Industry 4.0’, including its flagship multifunctional solutions package viz. ‘7th Sense’ – which is geared towards automating sophisticated diagnostic and analytical functions enabling seamless management of productivity, health and tool life of the CNC machine. The CNC machines market is expected to grow globally at a CAGR of 9.9% during CY 2023-2027. This growth is expected to be propelled by a growth in the manufacturing industries due to factors such as industrial automation, and integration of computer aided manufacturing. The surge in demand for high precision machinery from various industries including aerospace.
It has vertically integrated operations which it consider essential to its ability to provide technologically relevant and customized solutions that has helped it garner customers such as Space Applications Centre – ISRO, BrahMos
Aerospace Thiruvananthapuram Limited, , Turkish Aerospace, Uniparts India Limited, AVTEC Limited, Tata Advances System Limited, Tata Sikorsky Aerospace Limited, Bharat Forge Limited, C.R.I. Pumps Private Limited, 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.
It has been awarded Best Metal Cutting Brands by Economic Times for 5 consecutive years from 2018 to 2022. It offers over 200 variants across 44 series and during the last 3 Fiscals, the Company has supplied over 7,200 CNC machines to more than 3,000 customers in India and across Asia (excluding India), Europe, North America and rest of the world. Since April 1, 2004, it has supplied over 30,000 CNC machines globally. During the last 3 Fiscals it has sold its products in India and 16 other countries across the globe through our principal offices in India, France, Germany, Turkey and Canada. It sells its products in Romania, France, Poland, Belgium, Italy, and United Kingdom through Huron’s established dealer network and also has 29 sales and service centres (including its sales offices located within the precincts of one of its Manufacturing Facilities in Rajkot, Gujrat) spread across 12 states in India. As of June 30, 2023, it had an order book of Rs 31,430.56 million including an order of Rs 2,602.50 million from an entity in the electronics manufacturing services (EMS) industry.
For more information, click www.jyoti.co.in
Jyoti CNC IPO GMP, Particulars & Guidance
| Jyoti CNC IPO Details | |
| IPO opens on | 09 January 2024 |
| IPO closes on | 11 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 30218650 Sh /Rs 1000 Cr |
| * Fresh Issue | 30218650 Sh /Rs 1000 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 2 |
| Price Band | Rs. 315-331 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs.15 per share |
| Retail Lot Size | 45 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Jyoti CNC? | Shares | Rs. in Cr |
| QIB (75 %) | 22658610 | 750 |
| NII (15 %) | 4531722 | 150 |
| RII (10 %) | 2870090 | 95 |
| Employees @ Rs.316 | 158228 | 0005 |
| Total Shares | 30218650 | 1000 |
| Retail portion will be oversubscribed by | 63780 Forms. | |
| How to apply in Jyoti CNC IPO ? | Amount Rs. | |
| Min Retail Application | 45 Sh | 14895 |
| Max Retail Application | 585 Sh | 193635 |
| Small HNI (Min) application | 630 Sh | 208530 |
| Small HNI (Max) application | 3015 Sh | 997965 |
| Big HNI Application | 3060 Sh | 1012860 |
| What is the timetable of Jyoti CNC IPO? | |
| IPO opens on | 09 January 2024 |
| IPO Closes on | 11 January 2024 |
| IPO Allotment on | 12 January2024 |
| Unblocking of ASBA | 15 January2024 |
| Credit of Shares | 15 January 2024 |
| Listing on | 16 January2024 |
| Registered Office of Jyoti CNC | |
| G – 506, Lodhika GIDC, Village Metoda, Rajkot – 360 021, Gujarat, India | |
| Who are the Lead Managers of Jyoti CNC IPO? Equirus Capital ltd ICICI Securities Ltd SBI Capital Markets Ltd |
|
| Registrar to IPO | |
| Link Intime India Private Limited |
| Jyoti CNC IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 580 | -70 | -4.75 | -62 |
| 2021-22 | 750 | -48 | -3.28 | -117 |
| 2022-23 | 929 | 15.06 | 1.02 | 18.35 |
| Book Value of the Share on 31.03.2023 | Rs. | 5.57 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 331 | ||
| Jyoti CNC IPO Ratio Analysis |
|
| Price /EPS | 324.51 |
| Price/Book Value Ratio | 59.42 |
| Price/BV after IPO | ? |
How Jyoti CNC IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Jyoti CNC | 2 | 929 | 324.51 |
| Elgi Equipments | 1 | 3041 | 44.30 |
| Laxmi Machine | 10 | 4719 | 37.69 |
| Triveni Turbine | 1 | 1248 | 67.76 |
| TD Power System | 2 | 872 | 46.66 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Jyoti CNC IPO Guidance
This is the much-awaited IPO. There are certain aspects of this IPO which as an investor, you must understand. The company incurred losses in FY21 & FY 22. It has very high debt to equity ratio of 3.25 and debt-service coverage ratio is just 0.70. The company has huge working capital requirements (Rs.642.28Cr) and its market-capitalization to total income is 7.90 times (somewhat on higher side). EV to EBITDA is also at 85.43 times. In spite of above parameters on higher side, the product range (CNC machines) with the second and twelfth largest market share, in India and globally, respectively & the CNC machines market which is expected to grow globally at a CAGR of 9.9% during CY 2023-2027, we have to give second look to this IPO. If we extrapolate the performance for the coming years, the offer price is reasonable and investment in this IPO is attractive. Retail portion is just 10% and if consider net of employee portion, then only Rs. 95 Cr shares are available to retail investors. So?? Huge oversubscription in retail and HNI category is assured/inevitable. Apply with FF.
👉Jyoti CNC IPO Analysis in English @
https://youtu.be/lDFzvv643XQ
👉Jyoti CNC IPO Analysis in Gujarati @
https://youtu.be/UCHM4ovceE4
Quicklinks
This portfolio stock. If you have not received allotment, then buy on listing. You will get solid returns in next 6 months. CNC machines sales are expected to be impressive in the coming one year.
Lovekesh,
I expect listing gain of around Rs. 80 for this IPO. So donot sell in premium market, if you receive allotment today.
Premium has declined. So what can be listing price? Experts on this forum, can you guide?
PE ratio 324 . Look like over valuation . Kindly clarify..
Apparently the valuation seems to be on higher side. Yet the IPO proceeds will be used to repay most of the debt and it will reduce interest burden and increase net profits. The demand for CNC machines is increasing a fast rate and that may also boost profits. So even at apparently high PE multiple, the IPO can be recommended.
Made losses in past 2 years. Yet Jyoti CNC is very strnog brand in engineering sector and pride for Rajkot and Gujarat. I must agree.
Admin sir,
Should I buy 500 shares at current GMP? I am long term investors. Allotment is not expected since HNI and Retail portions are very small.
@ Milan Kothari,
I agree with you partly since this company made losses but this was the picture for most of the Capital goods companies. Check financials of Bhel and other companies. All of them are now doing excellently good. Economic cycles do affect such sector-companies.
After sharp rise in grey premium, now it seems to be cooling off. Yet large oversubscription is sure. Chanakya has rightly suggested Apply with full force. After ovesubscription, GMP will again move up sharply I believe.
I am employee of this company,we recently dispatched 200 machines to TATA technology it’s small qty.do not think we don’t have work, company paid the salary during lockdown also,not like others.huge order we are going to complete in next few months.pendamic effect you see during past years in report.
I am from Rajkot n i was see company very closely so according to my opinion jyoti CNC company is not impressive, also financially very poor, n also ipo is very expensive.so AVOID this IPO.
JYOTI CNC CNC Automation buy one France company that name HURON THAT COST Around 850 cr that why past years they have 3200 cr order now
Friends, Accumulate, Yes Bank. Strong technical breakout seen. Fast bucks possible on this counter.
Rs. 1000 crore IPO is relatively very small. So bumper subscriptions possible accumulate 500 shares first on Day 1 of grey market activity.
Last budget is due and so before budget day,most of the IPOs will tap capital market. Be ready with large funds.
IPO expected in second week of January.
Rajkot based compay. Huge grey market activity expected.
Awaiting for your IPO guidance and oversubscription estimate for this IPO
Expertji,
Pl provide oversubscription figures once the dates and price band are final.
Wish alal the members of Chanakya, Happy 2024 . Best of investing this year.
Premium started? May be rates will be available from today itself.
Strong resonse expected since there will not be any other mainboard IPO.
Expected to open this week only??
Rajkot company, solid activity in the grey market. I think one must buy 500 shares on the first day of premium-trade
The company is very old and yet its book value is Rs. 5.57? how It is possible? It appears the promoters took away bumper bonus shares.
Book value is just Rs. 5.57. So offer price will not high and because of small offer price, grey market may show large volumes.
This is Rajkot based company and I have observed Rajkot-company show huge activity in premium market. So Chances are high that even Jyoti counter witness such trends.
Sir, I donot agree with data on peer comparison. Elgi and TD power, Triveni have different product range and cannot be compared with Jyoti CNC. This company manufactures something different.
I donot agree with the management, Equity is always costly and long term burden on the company. When the company has such product range, why it intends to use IPO funds to retire debt?
Your information on company business is very elaborate and useful. No other site provide such detailed report. Every piece of information is well researched and organized.
The company has impressive list of its customers. I donot understand why it made losses in earlier years.
Your IPO pages is well researched. I like your peer comparison and analytical ratios.
Your IPO pages is highly informative and well researched. I like your peer comparison and analytical ratios.
What is lot of amount