Jyoti CNC Automation
Book Building issueMainboard₹1,000 Cr issue
+12.39%
Listing gain over issue price
Issue size
₹1,000 Cr
1 lot at cut-off
₹14,895
Lot size
45shares
Open
09 Jan 2024
Close
11 Jan 2024
Allotment
12 Jan 2024
Listing
16 Jan 2024
Listing performance
Issue price
₹331
Listed at
₹372
Listing-day close
₹434.20
Latest price
₹890.80
Close on 23 Oct 2026
Listing gain
+12.39%
Return since issue
+169.12%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 09 Jan 2024 – 11 Jan 2024
- Listing date
- 16 Jan 2024
- Face value
- ₹2 per share
- Issue price
- ₹331 per share
- Lot size
- 45 shares
- Issue type
- Book Building issue
- Total issue size
- ₹1,000 Cr
- Market cap at offer price
- ₹7,527 Cr
- Promoter holding
- 72.13% → 62.55% pre-issue → post-issue
- ISIN
- INE980O01024
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Equirus Capital Pvt.Ltd.
- Registered office
- G-506, Lodhika GIDC, Village Metoda, Gujarat
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 1,35,27,190 | — | — |
Application size
Minimum 45 shares per lot, in multiples, at ₹331
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 45 | ₹14,895 |
| Retail (max) | 13 | 585 | ₹1,93,635 |
| S-HNI (min) | 14 | 630 | ₹2,08,530 |
| S-HNI (max) | 67 | 3,015 | ₹9,97,965 |
| B-HNI (min) | 68 | 3,060 | ₹10,12,860 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
1,35,27,190
Anchor portion
₹448 Cr
at ₹331 per share
Valuation and performance
Valuation at offer price
₹331 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 0.76 | 0.29 |
| P/E (×) | 435.53 | 1,141.38 |
| Price to book (×) | 59.43 | — |
| Market cap | — | ₹7,527 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 18.35%
- ROCE
- 9.50%
- Debt / equity
- 10.17
- PAT margin
- 1.58%
- NAV per share
- ₹5.57
- Price to book
- 59.43
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Jyoti CNC Automation
Jyoti CNC Automation Limited, incorporated in 1991 as AMB Engineering Company Private Limited and renamed to its current name in 2012, is one of the world's leading manufacturers of metal cutting CNC machines. The company holds the third largest market share in India (approximately 10% in Fiscal 2023) and the twelfth largest market share globally (0.4% in calendar year 2022). It manufactures and supplies a diverse portfolio of CNC machines including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs), and CNC Horizontal Machining Centers (HMCs), with a particular prominence as a manufacturer of simultaneous 5-Axis CNC machines in India. The company serves customers across multiple end-user industries including aerospace, defence, automotive, general engineering, dies & moulds, and electronic manufacturing services. During Fiscal 2023, the company generated revenue from operations of ₹9,292.59 million.
Company Analysis
from RHPJyoti CNC Automation Limited is a leading manufacturer of computer numerical control (CNC) machines with operations spanning domestic and international markets in the aerospace, defence, automotive, and general engineering sectors.
Jyoti CNC Automation Limited, incorporated in 1991 as AMB Engineering Company Private Limited and renamed to its current name in 2012, is one of the world's leading manufacturers of metal cutting CNC machines. The company holds the third largest market share in India (approximately 10% in Fiscal 2023) and the twelfth largest market share globally (0.4% in calendar year 2022). It manufactures and supplies a diverse portfolio of CNC machines including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs), and CNC Horizontal Machining Centers (HMCs), with a particular prominence as a manufacturer of simultaneous 5-Axis CNC machines in India. The company serves customers across multiple end-user industries including aerospace, defence, automotive, general engineering, dies & moulds, and electronic manufacturing services. During Fiscal 2023, the company generated revenue from operations of ₹9,292.59 million.
CNC machine manufacturingAerospace and defenceAutomotive and auto componentsGeneral engineeringDies and mouldsElectronic manufacturing services
Objects of the Issue
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company ₹4,750.00 million p.24
- Funding long-term working capital requirements of our Company ₹3,600.00 million p.24
- General corporate purposes p.24
- Funding long term working capital requirements ₹ 1,000.00 million (Fiscal 2024) and ₹ 2,600.00 million (Fiscal 2025) p.66
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company ₹4,750.00 million p.142
- Funding long-term working capital requirements of our Company ₹3,600.00 million p.142
- General corporate purposes p.142
- Funding capex for expansion of manufacturing capacity p.222
- Repayment or pre-payment of borrowings ₹4,750.00 million (estimated) p.223
- Funding long term working capital requirements ₹3,600.00 million (estimated) p.224
Issue Structure
- Total Issue
- Up to [●] Equity Shares of face value of ₹2 each, aggregating up to ₹10,000.00 million
- Fresh Issue
- Up to [●] Equity Shares of face value of ₹2 each, aggregating up to ₹10,000.00 million
- Offer for Sale
- Not Applicable
- Price Band
- [●] per Equity Share (Floor Price: [●], Cap Price: [●])
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹2 each
Business Model
The company manufactures and sells CNC machines to diverse domestic and international customers across aerospace, defence, automotive, general engineering, dies & moulds, and electronic manufacturing services industries. Revenue is generated through the sale of machinery. The business is capital intensive, requiring maintenance of high levels of net working capital and a large fixed asset base.
Business Segments
Manufacture and sale of CNC machines including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs), and CNC Horizontal Machining Centers (HMCs), with particular prominence in simultaneous 5-Axis CNC machines
Manufactures and sells various types of CNC machines including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers, CNC Horizontal Machining Centers, CNC Vertical Line Machines, High-tech CNC 3 axis and 5-axis Machines and Multi-Tasking Machines
Operates manufacturing units with backward integrated facilities including foundry, component manufacturing, metrology, milling and grinding operations, sub-assembly and assembly facilities
Supply of CNC machines including turning centers, turn mill centers, vertical and horizontal machining centers, and 5-axis machines for precision aerospace and defence manufacturing.
Supply of CNC machines for automotive manufacturing including engines, transmissions, components, and precision parts for light and commercial vehicles.
Supply of CNC machines for general manufacturing industries covering diverse applications including metal fabrication, component production, and precision engineering.
Supply of CNC machines for die and mould manufacturing with precision and customization capabilities.
Supply of CNC Vertical Machining Centers for EMS industry; recently forayed with order book of ₹3,049.17 million and dedicated assembly lines established.
Design, development, manufacture and sale of metal cutting computer numerical control (CNC) machines, including vertical machining centers, 5-axis CNC multi-tasking machines, horizontal machining centers, and specialized equipment for aerospace and defense applications
Supplies CNC machines to aerospace and defence customers including Space Applications Centre - ISRO, BrahMos Aerospace, Turkish Aerospace and others
Supplies CNC machines to automotive and auto component manufacturers including Uniparts India, AVTEC Limited, Bharat Forge Limited and others
Supplies CNC machines to general engineering customers
Supplies CNC machines to dies and moulds manufacturers
Supplies CNC machines to electronics manufacturing services companies
Supplies CNC machines to other industries
Manufactures CNC turning centers, vertical machining centers, horizontal machining centers, and other metal cutting CNC machines. The company was the third largest manufacturer in India with approximately 10% market share in Fiscal 2023 and twelfth largest globally with 0.4% market share in 2022.
Developing CNC machines to supply to electric vehicle manufacturers, including slot insulation machines, winding and inserting machines, intermediate and final forming machines, lacing machines, core screw machines, and welding machines. Global EV market expected to grow at 23.1% CAGR during 2023-2032.
Proposing to venture into manufacturing high precision stages used in semiconductor manufacturing. These stages are crucial ingredients in semiconductor manufacturing and find applications in various processes within semiconductor manufacturing.
Intending to deepen penetration in Aerospace and Defence industries which are expected to grow both in India and globally. Government of India's 'Aatma Nirbhar Bharat' programme has earmarked over ₹700,000 million (around 64% of modernisation fund) for domestic defence purchases.
SWOT Analysis
Strengths
- • Third largest CNC market share in India with approximately 10% share(p.23)
- • Prominent manufacturer of simultaneous 5-Axis CNC machines in India(p.23)
- • Diverse product portfolio covering multiple CNC machine types(p.23)
- • Strong long-term customer relationships spanning 6-20+ years(p.51)
- • Reduced customer concentration with top 10 customers declining from 29.54% to 20.08% of revenue(p.51)
- • Leading CNC machine manufacturer with global and India presence across value chain(p.158)
- • Diversified global customer base across multiple end-user industries(p.158)
- • R&D capabilities delivering innovative solutions(p.158)
- • Vertically integrated operations enabling customization and efficiency(p.158)
- • Experienced promoters and strong management team(p.158)
- • Third largest CNC manufacturer in India with ~10% market share; twelfth largest globally with 0.4% market share(p.211)
- • Prominent manufacturer of simultaneous 5-Axis CNC machines in India with diverse, customizable product portfolio(p.211)
- • Wide diversified customer base: 30,000+ CNC machines supplied globally since 2004 across 3,500+ customers in diverse end-user industries(p.216)
- • Vertically integrated manufacturing operations enabling cost control, customization, and reduced dependency on third parties(p.219)
- • Dedicated R&D facilities with 141 employees in India and France; continuous innovation in 5-Axis, multi-tasking, and Industry 4.0 solutions(p.219)
- • Strategic acquisition of Huron (2007) strengthened 5-Axis technology capabilities and global market access in aerospace/defence(p.219)
- • Experienced promoters and long-standing management team; average 16+ years tenure of KMPs; 66.91% skilled permanent workforce(p.220)
- • Established ISO certifications across quality, environmental, and occupational health systems(p.250)
- • Significant order book growth trajectory(p.249)
- • Consistent recognition as leading brand in metal cutting industry(p.250)
- • Multiple product innovation launches across aerospace, defense, and EV segments(p.249)
- • Advanced Industry 4.0 and AI-enabled collision prevention technology(p.249)
- • Third largest market share in India's CNC machine market(p.379)
- • Prominent manufacturer of simultaneous 5-Axis CNC machines in India(p.379)
- • Vertically integrated manufacturing operations enabling customized solutions(p.380)
- • Over 30,000 CNC machines supplied globally since April 2004(p.380)
- • Strong R&D capabilities with dedicated facilities in India and France(p.380)
- • Over 200 product variants across 44 series(p.380)
- • Award-winning brand with Best Metal Cutting Brands recognition for 5 consecutive years(p.380)
- • Strong customer base including ISRO, aerospace and defence firms(p.380)
- • Third-largest CNC market share in India with established 20+ year track record(p.385)
- • Advanced technological capabilities in high-speed 5-axis and multi-tasking machines(p.385)
- • Access to Huron's global 5-axis machine expertise through step-down subsidiary(p.385)
Weaknesses
- • History of losses and negative return on equity limiting dividend capacity(p.49)
- • Material Subsidiaries with accumulated losses and eroded net worth raising going concern doubts(p.50)
- • High debt-to-equity ratio of 3.25x (Sept 2023) limiting financial flexibility(p.52)
- • Low debt service coverage ratio of 0.70x indicating weak ability to service debt(p.53)
- • Past delays in filing consolidated financial statements with RoC(p.57)
- • Lack of long-term supplier contracts exposing company to input material volatility(p.54)
- • Dependence on 9+ key suppliers without long-term contracts(p.54)
- • History of loan payment delays and rescheduling(p.59)
- • History of statutory dues payment delays(p.61)
- • Restrictive lending covenants limiting operational flexibility(p.59)
- • High inventory levels and working capital requirements(p.69)
- • Delayed financial statement preparation in group company(p.81)
- • High employee attrition rate(p.62)
- • Significant related party transactions(p.73)
- • Unsecured loans subject to recall by lenders(p.64)
- • High debt to equity ratio indicating significant leverage(p.161)
- • Low debt service coverage ratio suggesting limited ability to service debt(p.161)
- • Recent history of significant losses before profitability recovery(p.161)
- • Very low profit margin relative to revenue(p.161)
- • High leverage: Debt-to-Equity ratio of 3.25x as of September 30, 2023; DSCR of only 0.70x indicates debt service stress(p.213)
- • Recent profitability struggles: PAT margin of 0.66% in first half FY2024; negative PAT in FY2022 (-6.44%) and FY2021 (-11.87%)(p.213)
- • Concentrated customer base: Top 3 customers account for 32% of revenue in 6-month period; top 10 account for 39.92%(p.217)
- • Significant order cancellations: 35 instances during last 3 Fiscals and 6-month period ended September 30, 2023(p.234)
- • High inventory levels: Though improved from 462 days in FY2021 to 315 days in FY2023, still elevated; adversely affected by supply chain issues(p.224)
- • High employee attrition: Average attrition rate of 25.07% in FY2023, 20.28% in FY2022, and 16.06% in FY2021(p.237)
- • Concentrated geographic exposure: India accounts for 83.90% of revenue (6 months ended Sept 2023); Europe only 14.60%(p.218)
- • Delayed and missing filings with regulatory authorities(p.247)
- • Historical borrowing payment defaults(p.250)
- • Subsidiary with negative net worth and persistent losses(p.254)
- • Subsidiary with accumulated losses and high borrowings relative to net worth(p.253)
- • Concentration of shareholding and control among founder-promoters(p.281)
- • No dividend history and stated policy of potential non-payment indefinitely(p.288)
- • Significant indebtedness with Debt-to-Equity ratio of 3.25x as of September 30, 2023(p.381)
- • Concentration among top customers, with top 5 customers accounting for 34.77% of revenue in H1 FY24(p.384)
- • Relatively low DSCRR of 0.70x for H1 FY24(p.381)
- • Dependence on two manufacturing facilities concentrated in Rajkot, Gujarat(p.380)
- • Material Subsidiaries show accumulated losses and eroded net worth creating going concern uncertainty(p.55)
- • High net debt to equity ratio of 3.13x indicating significant leverage(p.414)
- • Significant contingent liabilities including corporate guarantees to subsidiaries(p.415)
- • Negative operating cash flow in recent period and inventory concentration(p.412)
- • Material litigation against subsidiaries for defective machinery delivery(p.425)
Opportunities
- • Global CNC market expected to grow at 10.3% CAGR from 2023-2027 to $51.5 billion(p.23)
- • Rising demand for automation driven by labour shortages and cost pressures(p.23)
- • Diversified customer base across multiple end-user industries reducing concentration risk(p.51)
- • Expanding Aerospace and Defence segment growing from 19.03% to 37.22% of machinery revenue(p.58)
- • Expansion in emerging markets through entry-level machines(p.78)
- • Increasing importance of precision manufacturing in defense and aerospace sectors(p.65)
- • Leveraging global supply chain realignment as manufacturing shifts away from China(p.176)
- • Benefit from India's Make in India programme and emerging manufacturing hub status(p.176)
- • Growth in emerging Asia region with higher projected growth rates(p.177)
- • India expected to grow at fastest rate among major economies(p.177)
- • Utilization of IPO proceeds for debt reduction and working capital expansion(p.142)
- • Global CNC machining centers market expected to grow at 10.3% CAGR during 2023-2027; 4-6 Axis segment expected to grow 18.4% CAGR(p.220)
- • Domestic production of CNC machines increasing: From 34.2% of consumption in 2010 to 54.1% in 2023 (E); expected to reach 59.5% by 2027(p.221)
- • Government support through Make in India, Aatma Nirbhar Bharat, and PLI schemes generating business opportunities for domestic manufacturers(p.221)
- • Electric vehicle market growing at 23.1% CAGR (2023-2032); India targeting 30% EV market share by 2030 with significant capex opportunity(p.222)
- • Defence sector capex opportunity: Government earmarked 64% (~₹70,000 crore) of modernization funds for domestic sector purchases; defence exports grew 325% in 5 years(p.222)
- • Aerospace & Defence segment: Already 37.22% of 6-month revenue and ₹18,960.60 million of order book; Aatma Nirbhar Bharat propelling domestic manufacturing(p.222)
- • Electronics Manufacturing Services (EMS) segment opportunity: Newly entered market with ₹3,049.17 million order book (9.20% of total); set up 2 dedicated assembly lines(p.217)
- • India machining centers market growing at ~12% CAGR (2023-2027); cumulative capex investments of ~₹10 billion annually across key sectors(p.189)
- • Government-backed R&D collaboration for advanced machinery development(p.249)
- • Expansion into renewable energy equipment manufacturing(p.248)
- • Diversification into medical and surgical equipment sectors(p.248)
- • International subsidiary network for geographic market penetration(p.253)
- • Global CNC machining centers market projected to grow at CAGR of 10.3% during CY 2023-2027(p.380)
- • Increasing industrial automation demand and Industry 4.0 transition(p.380)
- • Surge in demand for high precision machinery from aerospace, defense and medical sectors(p.380)
- • Implementation of Industry 4.0 solutions through 7th Sense package(p.380)
- • Expansion of global distribution network with 29 sales and service centres across 12 states in India(p.380)
- • Established dealer network in Europe expanding market reach to Romania, France, Poland, Belgium, Italy and UK(p.380)
- • High growth trajectory in global EV market with CAGR of 23.1% through 2032(p.385)
- • Semiconductor manufacturing growth aligned with India's Make in India initiative(p.385)
- • Indian defence industry growth supported by government 'Aatma Nirbhar Bharat' programme(p.385)
- • Expected 18.4% global growth in 4-6 axis machining centres through 2027(p.385)
- • Global CNC machine market growth of 10.3% CAGR through 2027(p.385)
Threats
- • No long-term customer contracts exposing business to customer attrition risk(p.51)
- • Increased customer concentration in recent period with top 10 customers rising to 39.92% of revenue(p.51)
- • Dependency on third-party logistics providers without contractual arrangements(p.54)
- • Input material cost volatility and supply disruptions impacting margins(p.54)
- • Cyclical dependence on select application industries particularly Aerospace, Auto and General Engineering(p.58)
- • Exposure to floating rate interest on substantial long-term indebtedness(p.59)
- • Capital goods industry sensitivity to economic cycles(p.73)
- • High competition with limited market share(p.70)
- • Dependence on imported components and foreign exchange risk(p.68)
- • Customer concentration and lack of long-term contracts(p.71)
- • Geopolitical risks and tariff constraints(p.86)
- • Regulatory and compliance risks(p.67)
- • Infrastructure and utility dependency(p.67)
- • Global economic slowdown and weak manufacturing growth(p.176)
- • Geopolitical risks from Russia-Ukraine conflict affecting energy and supply chains(p.176)
- • Inflationary pressures and rising monetary policy rates dampening demand(p.177)
- • Supply chain disruptions and exogenous shocks affecting manufacturing(p.177)
- • Global CNC machining centers market highly fragmented; top 13 manufacturers control only 39.9% market; intense price and technology competition(p.220)
- • Rising input costs and supply chain disruptions: Higher input prices due to supply disruptions and increased fuel costs from Russo-Ukrainian war(p.182)
- • Geopolitical tensions impacting manufacturing: Russo-Ukrainian war causing supply chain bottlenecks and rising commodity prices affecting market growth(p.186)
- • Global manufacturing capex slowdown risk: Weaker global exports demand expected to cause manufacturing and allied sector slowdown in Q4 2023(p.182)
- • High imports still significant: Despite improvements, imports still constitute 40.5% of CNC machine consumption expected in 2027; Japan and Germany dominate import share(p.203)
- • Demand-supply gap for specialized machines: Over 60% of domestic CNC machines cater to automotive industry; creates supply gap for other end-users forcing reliance on imports(p.203)
- • Automotive industry cyclicality and EV transition risk: Automotive industry highly dependent on government policies; transition to EVs requires new machine capabilities(p.193)
- • Regulatory complexity from multiple labour codes affecting employee cost structure(p.245)
- • Dependence on foreign subsidiary operations with material losses and negative equity(p.254)
- • Compliance risks from incomplete historical regulatory documentation(p.247)
- • Global CNC machine market cyclicality and economic sensitivity affecting demand(p.379)
- • Foreign exchange risk exposure with significant borrowings and operations in USD and Euro(p.355)
- • Intense global competition in CNC machinery manufacturing(p.379)
- • Dependence on continuous technological innovation to remain competitive(p.380)
- • Regulatory and compliance risks across multiple jurisdictions in India and Europe(p.313)
- • Highly fragmented and competitive domestic and global CNC markets(p.385)
- • Risk from larger competitors requiring continuous innovation and cost reduction(p.385)
- • Exposure to raw material price volatility and component sourcing risks(p.417)
- • Dependence on few suppliers for input materials without long-term agreements(p.419)
- • Foreign exchange risk from international operations and foreign currency borrowings(p.417)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Parakramsinh Ghanshyamsinh Jadeja | Promoter | 31.03% | — |
| Jyoti International LLP | Corporate Promoter | 18.63% | — |
| Sahdevsinh Lalubha Jadeja | Promoter | 3.39% | — |
| Vikramsinh Raghuvirsinh Rana | Promoter | 2.31% | — |
| Parakramsinh Ghanshyamsinh Jadeja | Promoter/Chairman and Managing Director | — | — |
| Jyoti International LLP | Promoter Group | — | — |
| Parakramsinh Ghanshyamsinh Jadeja | Promoter | 31.03% | — |
| Jyoti International LLP | Promoter | 18.63% | — |
| Sahdevsinh Lalubha Jadeja | Promoter | 3.39% | — |
| Vikramsinh Raghuvirsinh Rana | Promoter | 2.31% | — |
| Anilkumar Bhikhabhai Virani | Promoter Group | 16.66% | — |
| Vijaysinh Pravinsinh Zala | Promoter Group | 0.11% | — |
| Parakramsinh Ghanshyamsinh Jadeja | Promoter | — | — |
| Sahdevsinh Lalubha Jadeja | Promoter | — | — |
| Vikramsinh Raghuvirsinh Rana | Promoter | — | — |
| Parakramsinh Ghanshyamsinh Jadeja | Promoter | 31.03% | — |
| Sahdevsinh Lalubha Jadeja | Promoter | 3.39% | — |
| Vikramsinh Raghuvirsinh Rana | Promoter | 2.31% | — |
| Jyoti International LLP | Promoter Group | 18.63% | — |
| Parakramsinh G. Jadeja | Promoter/Managing Director | 31.26% | — |
| Jyoti International LLP | Promoter Group | 18.77% | — |
| Eknath Infracon LLP | Promoter Group | 17.47% | — |
| Anil Virani | Promoter Group | 16.78% | — |
| Sahdevsinh Lalubha Jadeja | Promoter | 3.42% | — |
| Vikramsinh Raghuvirsinh Rana | Promoter | 2.32% | — |
| Parakramsinh Ghanshyamsinh Jadeja | Promoter | — | — |
Leadership
Parakramsinh Ghanshyamsinh Jadeja · Chairman and Managing Director
Sahdevsinh Lalubha Jadeja · Whole-Time Director
Vikramsinh Raghuvirsinh Rana · Whole-Time Director
Kamlesh Sureshbhai Solanki · Chief Financial Officer
Maulik B Gandhi · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Jyoti CNC Automation IPO FAQs
What is the lot size of Jyoti CNC Automation IPO?
The minimum lot size of Jyoti CNC Automation IPO is 45 shares. One lot costs ₹14,895 at the cut-off price.
When does Jyoti CNC Automation IPO open and close?
Jyoti CNC Automation IPO opened for subscription on 09 Jan 2024 and closed on 11 Jan 2024.
What is the listing date of Jyoti CNC Automation IPO?
Jyoti CNC Automation IPO listed on 16 Jan 2024.