Jyoti CNC Automation Limited is set to launch its initial public offering (IPO), a book-built issue of Rs 1,000.00 crores, with the IPO dates yet to be announced. The IPO is entirely a fresh issue, and the price bands are also awaiting disclosure.
Equirus Capital Private Limited, ICICI Securities Limited, and SBI Capital Markets Limited are the appointed book running lead managers for the Jyoti CNC Automation IPO, and Link Intime India Private Ltd will serve as the registrar.
**Jyoti CNC Automation IPO Details:**
– **IPO Date:** Yet to be announced.
– **Listing Date:** Not specified.
– **Face Value:** ₹2 per share.
– **Total Issue Size:** [.] shares aggregating up to ₹1,000.00 Cr.
– **Fresh Issue:** [.] shares aggregating up to ₹1,000.00 Cr.
– **Issue Type:** Book Built Issue IPO.
– **Listing At:** BSE, NSE.
– **Shareholding pre-issue:** 195,757,090 shares.
**Jyoti CNC Automation 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.
**Jyoti CNC Automation IPO Promoter Holding:**
The promoters of the company are Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP, holding a pre-issue share of 72.66%.
**About Jyoti CNC Automation Limited:**
Incorporated in January 1991, Jyoti CNC Automation Limited specializes in manufacturing and supplying CNC machines. The company’s product range includes CNC turning centres, CNC turning-milling centres, CNC vertical machining centres (VMCs), CNC horizontal machining centres (HMCs), simultaneous 3-axis CNC machining centres, simultaneous 5-axis CNC machining centres, and multi-tasking machines.
The company has a diverse customer base, including major names like ISRO, BrahMos Aerospace, Tata Advances System, Bharat Forge, Festo India, and others. Jyoti CNC Automation has a global presence, delivering over 30,000 CNC machines worldwide since April 1, 2004.
**Financial Information (Restated Consolidated):**
For the period ending March 31, 2023, the company reported revenue of ₹952.60 crores, a 27% increase over the previous year. Profit After Tax (PAT) surged by 131.18%, reaching ₹15.06 crores.
**Objects of the Issue (Jyoti CNC Automation IPO Objectives):**
The Net Proceeds from the Fresh Issue will be utilized for:
1. Repayment and/or pre-payment of certain borrowings.
2. Funding long-term working capital requirements.
3. General corporate purposes.
Investors are encouraged to refer to the Jyoti CNC Automation IPO DRHP (Draft Red Herring Prospectus) for comprehensive information.
Note: The specific IPO dates, price bands, and other details are yet to be announced, and investors are advised to stay updated with the official announcements and prospectus for accurate information.
