Giants like Turkish Aerospace, ISRO, BrahMos Aerospace Thiruvananthapuram Ltd, and MBDA are just a few of the companies that call jyoti cnc automation ltd.
The Gujarat-based company jyoti cnc automation ltd, which makes computer numerical control machines, will accept subscriptions for its initial public offering (IPO) on January 9.
On the main board of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), it will be the first initial public offering (IPO) of the new year.
The IPO of jyoti cnc automation ltd is a new equity share offering with a maximum value of ₹1,000 crore.
Price range for jyoti cnc automation ltd IPO
Each share of the issue is fixed at ₹315–331. January 9 is when the subscription will start, and it will end on January 11. On January 8, the anchor book will be available for one day.
Qualified institutional buyers, or QIBs, are the anchor investors who receive shares just prior to the issue’s public subscription opening. Investors may place multiple bids and a minimum bid of 45 equity shares. For the second time in almost ten years, Jyoti CNC Automation intends to list its stock on a stock exchange. It had submitted draft documents for the matter to the Securities Exchange Board of India (SEBI), but the plan was subsequently shelved.
The new equity share offering, or IPO, has a ₹1,000 crore maximum value. The CNC manufacturer has allocated 75% of the IPO size to qualified institutional buyers (QIBs), 15% to non-institutional investors, and 10% to retail individual investors.
Enormous clients of Jyoti CNC Automation include Turkish Aerospace, ISRO, BrahMos Aerospace Thiruvananthapuram Ltd, and MBDA, among others.
jyoti cnc automation ltd a manufacturer of computer numerical control machines based in Gujarat, will begin accepting subscriptions for its initial public offering (IPO) on January 9.
It will be the first initial public offering (IPO) of the year on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) main boards.
Price range for jyoti cnc automation ltd IPO
Each share of the issue is fixed at ₹315–331. January 9 is when the subscription will start, and it will end on January 11. On January 8, the anchor book will be available for one day.
Qualified institutional buyers, or QIBs, are the anchor investors who receive shares just prior to the issue’s public subscription opening. Investors may place multiple bids and a minimum bid of 45 equity shares. For the second time in almost ten years, Jyoti CNC Automation intends to list its stock on a stock exchange. It had submitted draft documents for the matter to the Securities Exchange Board of India (SEBI), but the plan was subsequently shelved.
An equity share offering up to ₹1,000 crore is being made through the IPO. A quarter of the IPO size has been set aside for QIBs, fifteen percent for non-institutional investors, and ten percent for retail individual investors, according to the CNC manufacturer.
What use will the money raised from the IPO make for Jyoti CNC Automation?
The company intends to use the issue proceeds, in addition to general corporate purposes, for funding, debt repayment, and long-term working capital requirements.
Enormous clients of the business include Turkish Aerospace, ISRO, BrahMos Aerospace Thiruvananthapuram Ltd, and MBDA, among others. The company had ₹3,315.33 crore in its order book as of September of last year. ICICI Securities, SBI Capital Markets, and Equirus Capital are the book running leaders.
IPO GMP for jyoti cnc automation ltd
On the grey market, Jyoti CNC Automation shares are being traded at a premium of ₹76. It is anticipated that they will be listed at a 22 percent premium over the issue price.
