
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
Overall Subscription
40.49x
Total Demand
QIB Multiplier
46.37x
Institutions & Funds
NII / HNI
38.33x
High Net-Worth
Retail (RII)
27.50x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 9,018,126 | 418,201,650 | 46.37x |
| NIB | 4,509,063 | 172,849,230 | 38.33x |
| HNIs(10L +) | 3,006,042 | 128,559,780 | 42.77x |
| HNIs (2-10L) | 1,503,021 | 44,289,450 | 29.47x |
| RETAIL | 3,006,042 | 82,677,915 | 27.50x |
| EMPLOYEES | 158,610 | 2,079,450 | 13.11x |
| Total | 21,200,904 | 848,657,475 | 40.49x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 234,978 | 6,461,895 | 27.50x |
| HNIs (10L +) | 1,503 | 57,610 | 38.33x |
| HNIs (2-10L) | 7,193 | 275,708 | 38.33x |
| Total Applications | 243,674 | 6,795,213 | 27.89x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for Jyoti CNC Automation Limited IPO is ₹38 per equity share. Based on the upper price band of ₹315 to ₹331 per equity share, the estimated listing price is ₹369 (+11.5% expected listing gain).
With a lot size of 45 shares and current GMP of ₹38, the expected profit per application lot is approx ₹1,710 (+11.5% gain). Minimum application cost is approx ₹14,895.
The Jyoti CNC Automation Limited IPO aggregate issue size is ₹1,000 Crores with an equity price band set at ₹315 to ₹331 per equity share. The retail lot size is 45 shares requiring a minimum capital outlay of approx. ₹14,895.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 40.49x (Retail: 27.50x, QIB: 46.37x, NII: 38.33x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-01-12. Investors can verify status using PAN card or application number.
Jyoti CNC Automation Limited shares are scheduled to list on NSE and BSE on 2024-01-16.