Jyoti CNC Automation Limited is planning to go public through an Initial Public Offering (IPO) to raise funds for various purposes. Here are some key details and information about the IPO:
### IPO Details:
– **Issue Size:** The IPO is a book-built issue with a total size of Rs 1,000.00 crores.
– **Issue Type:** Entirely a fresh issue.
– **IPO Dates:** Opens for subscription on January 9, 2024, and closes on January 11, 2024.
– **Allotment Date:** Expected to be finalized on Friday, January 12, 2024.
– **Listing Date:** Tentatively fixed as Tuesday, January 16, 2024.
– **Price Bands:** The IPO price bands are yet to be announced.
### Financial Information:
– **Revenue and Profit After Tax:**
– Revenue increased by 27% from March 31, 2022, to March 31, 2023.
– Profit After Tax rose by 131.18% during the same period.
– **Financial Position (as of March 31, 2023):**
– Assets: ₹1,515.38 crores
– Net Worth: ₹36.23 crores
– Reserves and Surplus: ₹49.14 crores
– Total Borrowing: ₹834.97 crores
– **Key Performance Indicators:**
– Return on Equity (ROE): 18.35%
– Return on Capital Employed (ROCE): 9.50%
– Debt/Equity: 10.17
– Earnings Per Share (EPS): ₹0.1
– Return on Net Worth (RoNW): 18.35%
### Company Information:
– **Incorporation:** Jyoti CNC Automation Limited was incorporated in January 1991.
– **Business Focus:** Manufacturer and supplier of CNC machines.
– **Product Range:** Includes CNC turning centres, CNC vertical machining centres, simultaneous 3-axis and 5-axis CNC machining centres, and multi-tasking machines.
– **Customer Base:** Includes prestigious clients like ISRO, BrahMos Aerospace, Turkish Aerospace, and others.
– **Global Presence:** Distributes products worldwide through a dealer network and has sales and service centers in various countries.
### IPO Reservation:
– **Investor Categories and Shares Offered:**
– QIB (Qualified Institutional Buyers): Not less than 75% of the Net Issue
– Retail: Not more than 10% of the Net Issue
– NII (HNI): Not more than 15% of the Net Issue
### IPO Promoter Holding:
– **Promoters:** Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP.
– **Pre-Issue Share Holding:** 72.66%
### Objects of the Issue:
The company aims to utilize the funds from the IPO for:
– Repayment/pre-payment of certain borrowings.
– Funding long-term working capital requirements.
– General corporate purposes.
### IPO Timeline (Tentative Schedule):
– IPO Opens: January 9, 2024
– IPO Closes: January 11, 2024
– Allotment: January 12, 2024
– Refunds Initiation: January 15, 2024
– Credit of Shares to Demat: January 15, 2024
– Listing Date: January 16, 2024
– Cut-off time for UPI mandate confirmation: 5 PM on January 11, 2024
### Lead Managers and Registrar:
– **Lead Managers:** Equirus Capital Private Limited, ICICI Securities Limited, SBI Capital Markets Limited.
– **Registrar:** Link Intime India Private Ltd.
### Prospectus:
– The detailed information about the IPO can be found in the Jyoti CNC Automation IPO Red Herring Prospectus (RHP).
This IPO provides an opportunity for investors to participate in the growth of Jyoti CNC Automation Limited, a company with a significant presence in the CNC machine manufacturing industry.
