JYOTI CNC FILES DRHP WITH SEBI

Jyoti CNC Automation Limited, one of the world’s leading manufacturers of CNC machines
with the second and twelfth largest market share, in India and globally, has filed its DRHP with market regulator SEBI.
The Company’s initial public offering comprises a fresh issue of Rs 1000 crore.
The company proposes to utilize the net proceeds towards 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 were the second largest CNC machine manufacturer in India and accounted for approximately 8% of the market share in fiscal 2022. The Company is prominent manufacturer of simultaneous 5-Axis CNC machines in India and are a supplier of one of the most diverse portfolios of CNC machines in India (Source: F&S Report) 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. They Company rely
on their expertise built over 2 decades of presence and strong R& D capabilities to deliver
customised solutions to their customers across diverse set of industries including aerospace
and defence, auto and auto components, general engineering, EMS, dies and moulds, and
others.

Jyoti CNC Automation have vertically integrated operations which they consider essential to
their ability to provide technologically relevant and customized solutions that has helped
them garner customers such as Space Applications Centre – ISRO, BrahMos Aerospace
Thiruvananthapuram Limited, MBDA, 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.
The Company offer 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, they have supplied over 30,000 CNC machines globally.

During the last 3 Fiscals have sold their products in India and 16 other countries across the globe through their principal offices in India, France, Germany, Turkey and Canada. Jyoti CNC Automation sell their products in Romania, France, Poland, Belgium, Italy, and United Kingdom through Huron’s
established dealer network and also have 29 sales and service centres.

Order book: As of June 30, 2023, Jyoti CNC Automation 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 (as per the end-user industries as specified to us at the time of
supply of machines).
Equirus Capital Private Limited, ICICI Securities Limited, and SBI Capital Markets Limited are
the Book Running Lead Managers to the issue (BRLMs). The equity shares of the company
will be listed on BSE and NSE.

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