Jyoti CNC Automation Limited IPO
Basic information about the company: Jyoti CNC Automation Limited boasts an extensive product range that 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. With a diverse offering of 200 types across 44 series, the company has successfully delivered over 30,000 CNC machines globally since April 1, 2004. Global Footprint and Clientele:
The company's reach extends far beyond its Indian roots, with a substantial customer base that includes prestigious names such as the Indian Space Applications Center (ISRO), BrahMos Aerospace Thiruvananthapuram, Turkish Aerospace, Tata Advances System, Bharat Forge, and many more. Jyoti CNC's machines have found homes in various industries, from aerospace and defence to automotive and beyond.
To facilitate global distribution, Jyoti CNC leverages Huron's established dealer network and operates 29 sales and service centres across Romania, France, Poland, Belgium, Italy, and the UK. This strategic approach ensures that clients worldwide receive not only top-tier CNC machines but also unparalleled after-sales support and service. Objects of the Issue The Net Proceeds from the Fresh Issue are earmarked for crucial objectives:
Repayment and pre-payment of certain borrowings availed by the company.
Funding long-term working capital requirements, ensuring operational agility.
General corporate purposes, fostering sustained growth and development.
Investors eyeing the IPO have an opportunity to partake in the growth story of a company that pioneers technological advancements and actively contributes to the global industrial landscape. Jyoti CNC Automation IPO Details
IPO Dates: 9 to 11 Jan 2023
Price Band: ₹315 to ₹331 per share
Lot Size: 45 Shares
Retail Quota: 10%
Issue Size: 1000 Crs
Gmp: +10% (Only for information) 📌Link for checking the Allotment status of Jyoti CNC Automation IPO 👇:
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