1. Jyoti CNC Automation IPO subscribed more than 3 times

Jyoti CNC Automation IPO subscribed more than 3 times


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5 mins   •   Updated: January 16, 2024, 12:35 PM

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Jyoti CNC Automation IPO subscribed more than 3 times

Summary

₹1000 crore IPO of Jyoti CNC Automation, a leading manufacturer and supplier of CNC machines was fully subscribed on Day 1. The IPO price band is ₹315 to ₹331 per share, while the lot size is 45 shares.

  1. Today’s top gainers from the NSE 500 universe; Stock Market LIVE Updates

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    January 16, 2024 12:35 PM

  2. Jyoti CNC Automation IPO receives strong investor interest; Stock Market LIVE Updates

    The IPO of Jyoti CNC Automation has been subscribed more than 3 times on day 2. Retail investors have flocked towards the IPO with the retail portion being subscribed more than 10 times. Similarly, the non-institutional investor segment has also been subscribed more than 5 times. Click here to apply for the IPO.

    January 10, 2024 2:44 PM

  3. Jyoti CNC Automation IPO receives strong investor interest; Stock Market LIVE Updates

    The IPO of Jyoti CNC Automation has been subscribed more than 3 times on day 2. Retail investors have flocked towards the IPO with the retail portion being subscribed around 10 times. Similarly, the non-institutional investor segment has also been subscribed more than 5 times. Click here to apply for the IPO on Upstox.

    January 10, 2024 1:13 PM

  4. Day 1: Jyoti CNC Automation IPO gets fully subscribed; Stock Market LIVE Updates

    ₹1000 crore IPO of Jyoti CNC Automation, a leading manufacturer and supplier of CNC machines was fully subscribed on Day 1. IPO received an overall subscription of 2.3 times as of 4:30 pm, with the retail segment witnessing subscription of 7.9 times.

    January 9, 2024 4:38 PM

  5. Jyoti CNC Automation Financial snapshot

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    • Between FY21 and FY23, it saw a CAGR rise of 17% in its revenue from operations. However, the company has incurred losses amassing to ₹70 crore and ₹48 crore in FY21 and FY22 respectively, primarily due to losses incurred by its subsidiaries.

    • Meanwhile, the company's stands at ₹3,315 crore as of 30 September 2023.

    • Moreover, the CNC machine market is expected to grow globally at a CAGR of 10% between 2023 and 2027, which could be beneficial for the company.

    • To know more and apply for this IPO. Click here

    January 9, 2024 1:33 PM

  6. Jyoti CNC Automation IPO gets strong response

    • Jyoti CNC Automation IPO received a strong response from investors, with the retail portion getting 3.94 times subscribed till 12:00 pm. Meanwhile, the overall IPO subscription was 94%. Here are the key details about this IPO

    • Jyoti CNC Automation’s IPO price band is ₹315 to ₹331 per share, while the lot size is 45 shares. The company plans to raise ₹1,000 crore through this IPO.

    • Jyoti CNC Automation is a world’s leading metal-cutting computer numerical control (CNC) machine manufacturer. Since April 2004, the company has supplied over 30,000 CNC machines globally.

    • The company has 3,500 customers based in India and across 16 other countries in Asia, Europe, North America and the rest of the world. Some of its customers include ISRO, BrahMos Aerospace Thiruvananthapuram, Turkish Aerospace, Uniparts India and many others.

    • It operates three manufacturing facilities - 2 in Gujarat and 1 in Strasbourg, France with the capacity to manufacture 4,400 machines per annum in India and 121 machines per annum in France as of 30 September 2023

    • Between FY21 and FY23, it saw a CAGR rise of 17% in its revenue from operations. As of 30 September 2023, its order book accounted for ₹3,315 crore.

    • To know more and apply for this IPO. Click here

    January 9, 2024 12:36 PM