January 8, 2024
This is to inform you that Jyoti CNC Automation Limited is coming out with a public issue to raise Rs.1000 crore from the market.
The issue opens on January 9 and closes on January 11, 2024.
Details of the Jyoti CNC Automation Limited IPO
| Company Details | : |
Jyoti CNC Automation Limited (“Jyoti CNC”) was incorporated on January 17, 1991. Jyoti CNC is one of the world’s leading manufacturers of metal cutting computer numerical control (“CNC”) machines with the 3rd largest market share in India accounting approximately 10% of the market share in India in Fiscal 2023 and 12th largest market share globally accounting for 0.4% of the market share globally in calendar year 2022. Jyoti CNC is a prominent manufacturer of simultaneous 5-Axis CNC machines in India and supply a diverse portfolios of CNC machines in India including CNC Turning Centres, CNC Turn Mill Centres, CNC Vertical Machining Centres (VMCs), CNC Horizontal Machining Centres (HMCs). Jyoti CNC offers solutions suited for transitioning towards ‘Industry 4.0’, including their flagship multifunctional solutions package viz. ‘7th Sense’ – which is geared towards automating sophisticated diagnostic and analytical functions enabling seamless management of productivity, health, and tool life of the CNC machine. In November 2007, they acquired Huron Graffenstaden SAS (Huron, their step-down subsidiary), a pioneer for 5-Axis machining technology Jyoti CNC offers over 200 variants across 44 series and during the last 3 Fiscals, they have supplied over 8,400 CNC machines to more than 3,500 customers in India and across Asia (excluding India), Europe, North America, and rest of the world. Since April 1, 2004, they have supplied over 30,000 CNC machines globally. During the last 6 months period ended September 30, 2023, and during the last 3 Fiscals they have sold their products in India and 16 other countries across the globe. The company operates out of 3 manufacturing facilities 2 in Rajkot, Gujarat, and 1 in Strasbourg, France, which are equipped with capabilities to design, develop, and manufacture their product portfolio. Additionally, they also have a repair facility in Rajkot, Gujarat. |
| Issue Period | : | Issue opens on: Tuesday, January 9, 2024 Issue closes on: Thursday, January 11, 2024 |
| Price Band | : | Rs.315 to Rs.331 per equity share |
| Bid Lot | : | 45 equity shares and in multiple thereafter. |
| Issue Size | : | Rs.1000.00 crore |
| Employee Reservation | : | Equity Shares aggregating upto Rs. 5 Cr |
| Employee Discount | : | Rs.15/- per share |
| Issue break-up | : | QIB - 75% of the net offer – Rs.746.25 crore NIB - 15% of the net offer - Rs.149.25 crore RET - 10% of the net offer - Rs.99.50 crore |
| Listing | : | NSE and BSE |
| Registrar | : | Link Intime India Private Limited |
| UPI | : | All Retail & NII Bidders (bids up to ₹ 5,00,000) Applications through brokers are compulsorily in UPI Mode |
| Note | : |
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Watch these 4 videos to know how to apply for the Jyoti CNC Automation Limited IPO online easily.
Step 1: Create an UPI ID 
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Step 2: Apply for IPO online using mobile app or website 
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Step 3: Authorise UPI mandate to block payment 
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Remember these points while applying for IPOs
- With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
- You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
- Currently, UPI works on the following mobile applications:
Name of App (Supported Platforms) VPA Handle BHIM Baroda Pay (only Android) @BARODAMPAY BHIM Oriental Pay (Only Android) @obc BHIM RBL Pay (Android & iOS) @rbl BHIM (android & iOS) @upi BHIM ALLBANK UPI (only Android) @allbank BHIM Axis Pay (only android) @axisbank BHIM IndusPay (only Android) @indus BHIM Lotza UPI (only Android) @federal BHIM SBIPay (only android) @sbi Citi Mobile (android & iOS) @citi & @citigold Google Pay (android & iOS) @okhdfcbank | @okaxis | @oksbi | @okicici HSBC Simply Pay (android & iOS) @hsbc iMobile by ICICI Bank (android users) @icici Kotak Mobile Banking App (Android) @kotak Phone-Pe (android & iOS) @ybl SIB Mirror+ (only Android) @sib BHIM YES PAY (only Android) @yesbank DigiBank - DBS (Android & iOS @dbs Paytm (Andriod & iOS) @paytm BHIM AUPay (Android & iOS) @aubank Freecharge (Android & iOS) @freecharge BHIM BANDHAN UPI (Android & iOS) @bandhan BHIM KBL UPI (Android) @kbl Phone-Pe (Android & iOS) @ybl, @axl, @ibl - To avoid rejection, download the latest version of the app.
- Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
- As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
- The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
- If you forget the UPI PIN, simply reset it instead of entering a wrong one.
- If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
- There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
| Published by Team Internal Communications |  |
| This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan. | |
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