Jyoti CNC Automation Limited

Company Profile
Company Name Jyoti CNC Automation Limited
Open Date 09-01-2024
Close Date 11-01-2024
Exchange BSE, NSE
Lot Size 45 Shares
Issue Price ₹315 to ₹331 per share
Issue Size 3,02,11,480 Equity Shares
Application Amount Min. Inv. - ₹ 14,895 (45 shares) Max. Inv. – ₹ 1,93,635 (585 shares)
Recommendation Avoid

Jyoti CNC Automation Limited was originally incorporated in the year 1991 and has its registered office in Rajkot, Gujarat, India. The company is one of the leading manufacturers of
metal-cutting computer numerical control (CNC) machines. The company offers solutions suited for transitioning towards ‘Industry 4.0’, including its flagship multifunctional solutions package viz. ‘7th Sense’. The company operates out of 3 manufacturing facilities, 2 in Rajkot, Gujarat, (Indian Manufacturing Facilities) and 1 in Strasbourg, France, which are equipped with capabilities to design, develop and manufacture the product portfolio. As of 30th September 2023, the Company had 2,339 employees on its payroll.

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Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Sept-23
Total Assets 1,388.19 1,286.24 1,515.38 1,707.07
Net Assets 112.59 41.14 82.06 252.87
Total Borrowings 725.12 792.16 834.97 821.40
Total Revenue 590.09 750.06 952.60 510.53
Profit After Tax -70.03 -48.30 15.06 3.35

Tentative Timeline

Opening Date 09/01/2024
Closing Date 11-01-2024
Basis of Allotment 12-01-2024
Initiation of Refunds 15-01-2024
Credit of Shares to Demat 15-01-2024
Listing Date 16-01-2024

Objects of the Issue

Repayment and/or prepayment in part or in full of certain outstanding loans of the Company.
Funding long-term working capital requirements
General corporate purposes

Contact Information

Registered Office Jyoti CNC Automation Limited G - 506, Lodhika GIDC Village Metoda, Rajkot – 360 021,
Phone + 91-2827–235182
Email investors@jyoti.co.in
Website https://jyoti.co.in/

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270
Email jyoticnc.ipo@linkintime.co.in
Website https://linkintime.co.in/mipo/ipoallotment.html

IPO Reservation

QIB Shares Offered Not less than 75% of the Net Issue
Retail Shares Offered Not more than 10% of the Net Issue
NII (HNI) Shares Offered Not more than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 72.13%
Share Holding Post Issue (Promoters) 62.55%

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