
Industrial Engineering & Manufacturing · NSE / BSE
Incorporated in January 1991, Jyoti CNC Automation Limited is a leading manufacturer and supplier of CNC machines, specializing in CNC turning centres, turning-milling centres, vertical and horizontal machining centres (VMCs and HMCs), simultaneous 3-axis and 5-axis machining centres, and multi-tasking machines. The company serves a diverse customer base, including ISRO, BrahMos Aerospace, Turkish Aerospace, Tata Advanced Systems, Bosch, and Bharat Forge. With a product range comprising 200 types across 44 series, Jyoti CNC has supplied over 30,000 machines globally, including more than 7,200 in the last three financial years, reaching markets in India, Europe, North America, and parts of Asia. It operates three manufacturing facilities—two in Rajkot, Gujarat, and one in Strasbourg, France—supporting a production capacity of 4,400 machines annually in India and 121 machines in France. The company distributes its products worldwide through Huron’s established dealer network and has 29 sales and service centres across Europe. As of June 30, 2023, Jyoti CNC had an order backlog of ₹31,430.56 million, including a ₹2,602.50 million order from an electronic manufacturing services (EMS) company, and employed a total of 2,573 people.
Price Band
₹315 – ₹331
Issue Size
₹1000 Cr
Lot Size
45 shares
GMP
+11.5%
Est. Listing
₹369
at current GMP
Subscribed
40.49x
overall
Open
9 Jan 2024
Close
11 Jan 2024
Allotment
12 Jan 2024
Refund
13 Jan 2024
Demat Credit
14 Jan 2024
Listing
16 Jan 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹331
Band: ₹315 – ₹331
Estimated Listing Price
₹369
Upper price + GMP
Lot Size
45 shares
Min investment ₹14,895
Estimated Profit / Lot
₹1,710
45 × ₹38
Grey Market Premium trend
+₹38
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹38 | 11.5% | ₹369 |
| 30 Oct 2026 | +₹38 | 11.5% | ₹369 |
| 29 Oct 2026 | +₹34 | 10.3% | ₹365 |
GMP is unofficial market data. Not a guarantee of listing performance.
Jyoti CNC Automation Limited is bringing an initial public offering (IPO) in the Industrial Engineering & Manufacturing sector with an aggregate issue size of ₹1,000 Crores. The shares are offered at a price band of ₹315 to ₹331 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-01-11, the basis of allotment is scheduled to be finalized on 2024-01-12. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The latest grey market premium for Jyoti CNC Automation Limited IPO is ₹38, which indicates an expected listing price of ₹369.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.