Among the top producers of computer numerical control (CNC) metal-cutting machines worldwide is this company. With 3.02 lakh shares available at Rs 315–331 each, the business hopes to raise Rs 1,000 crore. On January 12, allotments are anticipated by interested investors, and on January 16, shares will make their BSE and NSE debuts.
The Anand Rathi research claims that Jyoti CNC Automation Ltd. is a leading CNC machine maker in India and throughout the world. The company serves a variety of global sectors and handles the complete CNC metal cutting machinery process. By prioritizing technology and innovation and utilizing specialized research and development capabilities, it provides efficient, tailored solutions. The company is valued at a P/E of 374.22x, an EV/EBITDA ratio of 85.59x, a market capitalization of ₹75,274 million following the issuance of equity shares, and a strong return on net worth of 18.35% at the upper price range.
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In terms of market share, CNC is ranked third in India, accounting for almost 10% of the total in the fiscal year 2023. With a 0.4% market share in 2022, the company is ranked tenth globally.
From 2023 to 2027, the expansion of manufacturing industries through industrial automation and computer-aided manufacturing is expected to propel the growth of the worldwide CNC machine market at a pace of 10.3%. Machining centers are expanding due to the growing demand for highly precise gear, particularly in the aerospace, defense, and medical sectors.
Because of its vertically integrated operations, the company produces and customizes its products efficiently. The company occupies 237,408.50 sq. meters in India and 16,414 sq. meters in France, and it operates out of three industrial facilities: two in Rajkot, Gujarat, and one in Strasbourg, France. This covers both utilized and underutilized territory, enabling them to plan, create, and produce their wide range of products.
The business has taken up credit lines and loans from several lenders at various points in time. The company owed ₹1,042.91 million in long-term borrowings as of September 30, 2023. About ₹4,750.00 million of the money, they made will go toward repaying some of these debts. It is anticipated that by taking this action, their total debt and loan repayment expenses will decrease. The intention is to use their own earnings for next ventures and corporate growth.
This week, three more IPOs will begin accepting subscriptions:
- IPO of Australian Premium Solar (India)
With a book-built issue of Rs 28.08 crore, the Australian Premium Solar (India) IPO is concentrated on renewable energy. 52 lakh shares are being issued in a completely new issue. Important Occasions to Keep in Mind
From January 11, 2024, to January 15, 2024, is the subscription window.
Finalization of Allotment: January 16, 2024; Proposed Listing Date: January 18, 2024
Lot Sizes and Price Bands
Minimum Lot Size: 2000 Shares; Price Range: Rs 51 to Rs 54 per share
The minimum investment for retail investors is Rs 108,000 HNI. 2 lots (4,000 shares), or Rs 216,000, is the minimum investment.
Lead Manager for Book Running: Beeline Capital Advisors Pvt Ltd Registrar: Link Intime India Private Ltd Principal Facilitators
Spread X Securities is the market maker.
- IPO of IBL Finance
The IBL Finance IPO, a fixed-priced offering valued at Rs 33.41 crore, is expected to cause a stir with its completely new offering of 65.5 lakh shares.
Crucial Dates to Keep in Mind: January 9, 2024, through January 11, 2024, is the subscription period.
January 12, 2024, is the final date of allocation; January 16, 2024, is the tentative listing date.
Lot sizes and price ranges
IPO price per share is Rs 51.
2000 shares is the minimum lot size.
Minimum Investment for Retailers: Rs. 102,000 HNI Two lots (4,000 shares) for a minimum investment of Rs 204,000
Important Coordinators: Book-Running FedEx Securities Pvt Ltd., Lead Manager
Big Share Services Pvt. Ltd. is the registrar.
Market Maker: Stock Broking on Market Hub.
- IPO of Swan Multi tech in new
An entirely new issue of 50.16 lakh shares is introduced by the New Swan Multi tech IPO, a book-built issue of Rs 33.11 crore.
Dates to Keep in Mind That Are Important
Period of Subscription: January 11, 2024 – January 15, 2024
Finalization of Allotment: January 16, 2024; Proposed Listing Date: January 18, 2024
Lot sizes and price ranges
Price Range: Rs 62–Rs 66 per share
2000 shares are the minimum lot size.
Minimum Investment for Retail Investors: Rs. 132,000 HNI Minimum Investment: Rs 264,000 divided into two lots of 4,000 shares each.
Lead managers for book running: Hem Securities Limited and Share India Capital Services Private Limited are the key facilitators.