The company had filed its draft red herring prospectus (DRHP) with the market regulator in September 2023.
Jyoti CNC Automation is one of the world’s leading manufacturers of metal-cutting computer numerical control (CNC) machines with the third-largest market share in India accounting for approximately 10% market share in FY23.
The company is a prominent manufacturer of simultaneous 5-axis CNC machines in India and is a supplier of a diverse portfolio of CNC machines in India, including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs), CNC Horizontal Machining Centers (HMCs).
With expertise built over 2 decades and R&D capabilities, it delivers customised solutions to industries including aerospace and defence, auto and auto components, general engineering, EMS, dies and moulds and others.
The company boasts of over 3,000 clients spread in India and across Asia, Europe, North America, and rest of the world. Since April 1, 2004, they have supplied over 30,000 CNC machines globally.
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Jyoti CNC Automation IPO price band and issue size
The IPO is completely a fresh issue worth Rs 1,000 crore. The price band for the public offer will be announced soon.
Jyoti CNC Automation IPO share allotment
The share allotment for the IPO will be finalised on January 12 and the listing date is fixed as January 16.
Jyoti CNC Automation IPO share allotment net proceeds
The company proposes to utilise the net proceeds towards repayment of some of its loans, funding for long-term working capital requirements, and general corporate purposes.
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Jyoti CNC Automation Financials
In FY23, the company’s revenues rose 24% to Rs 929 crore. Profit for the same period was at Rs 15 crore against a loss of 48 crore a year ago. In the six months ended September 2023, revenues stood at 509 crore and profit came in at Rs 3.3 crore.
As of June 30, 2023, Jyoti CNC Automation had an order book of Rs 3,143 crore.
Equirus Capital, ICICI Securities, and SBI Capital Markets are the book-running lead managers to the issue (BRLMs). The equity shares of the company will be listed on BSE and NSE.