Jyoti Cnc Automation Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Jyoti CNC Auto.

CMP

1,184.15

+18.60 (1.60%)

  • DRHP
₹331

Offer Price

₹ 1,000.00 Cr

Issue Size

₹ 14,895

Min Investment

38.53x

Times Subscribed

45

Lot size

Time Line

  • 09
    Jan 2024
    Open
  • 11
    Jan 2024
    Close
  • 12
    Jan 2024
    Finalisation of Basis of Allotment
  • 15
    Jan 2024
    Initiation of Refunds
  • 15
    Jan 2024
    Transfer of Shares to Demat Account
  • 16
    Jan 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Focus on improving its market share and taking advantage of the growing industry demand.

  • Expand its presence across other end-user industries and diversify its customer base and geographical reach.

  • Continuously augmenting its capacity in line with its expected business growth.

  • Improving its financial risk profile.

Products & Services

  • Jyoti CNC Automation Ltd is one of the world`s leading manufacturers of metal cutting computer numerical control (CNC) machines.

Strengths

  • One of the leading CNC machine manufacturing companies globally as well as in India with presence across the CNC metal cutting machinery value chain.

  • Well diversified global customer base spread across end-user industries.

  • Focus on technology and ability to deliver innovative solutions bolstered by dedicated R&D facilities.

  • Vertically integrated operations which enables customisation and production efficiencies.

  • Experienced Promoters supported by a strong management and execution team.

Risks

  • The company`s success is dependent on its relationship with it customers, and the company do not, generally enter into long term purchase contracts. This exposes it to risk emanating from the inability to retain the company established customers as its clients.

  • The Company does not have long-term agreements with suppliers for its input materials and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on its business and results of operations.

  • The company operates in a competitive industry. Any inability to compete effectively may lead to a lower market share or reduced operating margins.

  • The company is completely reliant on third-party logistics service providers for transport of input materials and finished products.

  • Any failure on its part to effectively manage the company inventory may result in an adverse effect on its business, revenue from manufacturing operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
55.36%
Pre Holding

55.36%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 746.49 (28.70%) 929.26 (24.50%) 18.35 (-)
Gross Profit 746.49 (28.70%) 929.26 (24.50%) 18.35 (-)
Net Income 746.49 (28.70%) 929.26 (24.50%) 18.35 (-)
Assets 746.49 (28.70%) 929.26 (24.50%) 18.35 (-)
Liabilities 746.49 (28.70%) 929.26 (24.50%) 18.35 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Jyoti CNC Automation Ltd 929.26 15.06 929.82 847.76 18.35 4.57 24.92 2.01 0.90
Elgi Equipments Ltd 3,040.70 370.81 2,501.56 2,501.56 27.04 11.71 43.27 14.82 0.37
Lakshmi Machine Works Ltd 4,719.15 384.02 4,090.06 4,090.06 16.42 359.47 2,189.04 9.38 0.00
Triveni Turbine Ltd 1,247.55 192.55 1,339.88 1,339.88 25.32 5.97 23.95 14.37 0.00
TD Power Systems Ltd 872.30 96.81 903.21 903.21 16.01 6.23 38.74 10.71 0.00
Macpower CNC Machines Ltd 201.89 12.89 143.18 143.18 13.34 12.89 96.61 9.00 0.00

Book Running Managers

  • Equirus Capital Pvt Ltd
  • ICICI Securities Ltd
  • SBI Capital Markets Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

G-506 Lodhika GIDC,
Village Metoda,
Rajkot - 360021
Phone : +91 28272 35182 Email : investors@jyoti.co.in www.jyoti.co.in

Offer Related Information

Initial public offering of 30,218,649^ equity shares of face value of Re. 2 each (equity shares) of Jyoti CNC Automation Limited (The Company) for cash at a price of Rs. 331 per equity share (including a share premium of Rs. 329 per equity share) (issue price) aggregating Rs. 1000.00^ crores (issue). The issue included a reservation of 158,227^ equity shares of face value of Rs. 2 each aggregating Rs. 5.00^ crores (constituting 0.07%^ of its post-issue equity share capital), for subscription... More

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