Jyoti CNC Automation IPO Opens Today for Investment on 9 January 2024

Jyoti CNC Automation IPO: A Game-Changer for Investors

📅 IPO opens on January 9, 2024
🔍 Jyoti CNC Automation set to be the first stock listed on the mainboard this year
💰 Company to issue new shares worth INR 1,000 crore in the IPO
💹 Grey market trading at INR 89 per share, a premium of 26.89% to the price band
📈 Price band set at INR 315-331 per share, with a lot size of 45 shares
💸 Employees to receive a discount of INR 15 per share
📊 75% of shares reserved for institutional buyers, 15% for non-institutional investors, and 10% for retail investors

Allocation and Listing

📆 Allocation of shares to be finalized on January 12, 2024
📜 Listing of shares on BSE and NSE scheduled for January 16, 2024
💼 Registrar for the IPO is Link Intime India

About Jyoti CNC Automation

🏭 Jyoti CNC Automation specializes in manufacturing CNC machines
🌍 The company has two manufacturing plants in Gujarat and one in France
🌐 Jyoti CNC Automation serves customers both in India and abroad, including ISRO, BrahMos Aerospace, Turkish Aerospace, Tata Advanced Systems, Rolex Kings, and National Fittings

Financial Performance

💰 Net profit of INR 15.06 crore in the fiscal year 2022-23
💸 Loss of INR 48.30 crore in the fiscal year 2022
💹 Operating revenue increased by 24.4% to INR 929.3 crore annually
📈 EBITDA increased by 34% to INR 97.4 crore annually

Get ready to invest in Jyoti CNC Automation IPO, the game-changing opportunity for investors! 🚀📈

Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.