Jyoti CNC Automation is into manufacturing metal-cutting CNC (computer numerical control) machines for 22 years now. It supplies them to aerospace, defence, and medical industries in India, Asia, Europe, North America, and many other parts of the world. It has 2 manufacturing units in Gujarat and 1 in France. The Jyoti CNC Automation IPO is all set to open on 9th January being the 1st IPO of 2024! Check its Price, GMP, Dates, and other important details!
As of September 2023, its order book is of ₹3,315 crore (includes ₹304 crore order from a company in the EMS (electronics manufacturing services) industry). Its net profit from April-September 2024 was ₹3.35 crore with a revenue of ₹509.8 crore. In FY 2022-23, Jyoti CNC Automation’s EBITDA (earnings before interest, tax, depreciation and amortisation) grew by 34%.
Jyoti CNC IPO is a ₹1000 crore offering priced at ₹315-₹331 per share. You can apply for it from 9-11 Jan (till 5 pm on the last day). Lot size is 45 equity shares so you can make a minimum investment of ₹14,895. Allotment date is 12th Jan and shares will be credited on 15th Jan. Jyoti CNC Automation IPO will list on the stock market on 16th Jan at 10 am.
The GMP (grey market premium) of Jyoti CNC Automation IPO is ₹60 as of 4/1/24, 11:52 am. GMP gives an idea of the listing price of an IPO so you can decide whether to apply or not. You can even discuss it with Finance experts! It gets generated from the unofficial trading happening in the market.2024 is gearing up for big IPOs like OYO, FirstCry, Mobikwik, Digit Insurance, and many more. With the Jyoti CNC Automation IPO, let’s hope to start this year on a positive🤑 note!
Better to wait and apply ipos now
Huge variance in GMP and listing, proved with December IPOs. Time to be cautious on ipos
Save your money
Many IPOs are lined up for this year, so choose wisely.
I read this company is not worth looking into that much... your views?
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