Jyoti CNC Automation IPO opens on January 9. Check IPO details issue date price


Jyoti CNC Automation IPO opens on January 9. Check IPO details issue date price

January 08, 2024
Jyoti CNC Automation IPO opens on January 9. Check IPO details issue date price

Jyoti CNC Automation Limited is coming out with a public issue to raise Rs 1000 crores from the market.

Below are the details of the Jyoti CNC Automation IPO:

  • Issue opens – January 9 (Tuesday)
  • Issue closes – Januray 11 (Thursday)
  • Issue size – Rs 1000 crores
  • Price band – Rs 315 to 331 per equity share
  • Bid lot – 45 shares and in multiples thereof

And here are some details of the company and further details on the Jyoti CNC Automation IPO.

Company details:

Jyoti CNC Automation Limited (“Jyoti CNC”) was incorporated on January 17, 1991. Jyoti CNC is one of the world’s leading manufacturers of metal cutting computer numerical control (“CNC”) machines with the 3rd largest market share in India accounting approximately 10% of the market share in India in Fiscal 2023 and 12th largest market share globally accounting for 0.4% of the market share globally in calendar year 2022.

Jyoti CNC is a prominent manufacturer of simultaneous 5-Axis CNC machines in India and supply a diverse portfolios of CNC machines in India including CNC Turning Centres, CNC Turn Mill Centres, CNC Vertical Machining Centres (VMCs), CNC Horizontal Machining Centres (HMCs).

Jyoti CNC offers solutions suited for transitioning towards ‘Industry 4.0’, including their flagship multifunctional solutions package viz. ‘7th Sense’ – which is geared towards automating sophisticated diagnostic and analytical functions enabling seamless management of productivity, health, and tool life of the CNC machine.

In November 2007, they acquired Huron Graffenstaden SAS (Huron, their step-down subsidiary), a pioneer for 5-Axis machining technology

Jyoti CNC offers over 200 variants across 44 series and during the last 3 Fiscals, they have supplied over 8,400 CNC machines to more than 3,500 customers in India and across Asia (excluding India), Europe, North America, and rest of the world. Since April 1, 2004, they have supplied over 30,000 CNC machines globally. During the last 6 months period ended September 30, 2023, and during the last 3 Fiscals they have sold their products in India and 16 other countries across the globe.

The company operates out of 3 manufacturing facilities 2 in Rajkot, Gujarat, and 1 in Strasbourg, France, which are equipped with capabilities to design, develop, and manufacture their product portfolio. Additionally, they also have a repair facility in Rajkot, Gujarat.

Issue Size: Rs. 1000 crores

Issue break-up:

QIB – 75% of the offer – Rs 746.25 crores

NIB – 15% of the offer – Rs 149.25 crores

RET – 10% of the offer – Rs 99.50 crores

Listing: BSE and NSE

Registrar: Link Intime India Private Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Thursday, January 11, 2024

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