JYOTI CNC AUTOMATION IPO SUBSCRIPTION
Fresh capital raised via IPOs surges to a 9-year high, hints at private capex revival
Of the ₹33,610 crore raised by 37 companies so far in 2024, about 45%, or ₹15,190 crore, were through new shares, the highest proportion since 2015, when India Inc. raised nearly 48% fresh capital, according to data from primedatabase.com. The funds raised as fresh issues in 2024 were to either finance capital assets or retire existing debt obtained to build capacities, according to IPO documents.
73% IPOs trading above issue price as primary market shines in H1, four turn multibaggers
The fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.
We expect to be a debt-free company in 2-3 years: Jyoti CNC Automation CMD
Jyoti CNC Automation, the third largest CNC manufacturer, has a robust order book and the growth of manufacturing industries, supported by government initiatives like Atmanirbhar Bharat and PLI schemes, indicate sustainable profitability for the next five to seven years. Despite being richly priced, Jyoti CNC Automation expects significant growth in the coming year. The company's major growth sectors are aerospace and defence, as well as electronic manufacturing services.
Jyoti CNC shares jump 13% over listing price but analysts are concerned. Should you book profits?
Share Price of Jyoti CNC Automation surged nearly 13% after a successful debut on the exchanges, trading at Rs 418 apiece, up 27% over the issue price. The market optimism is based on the company's market leadership, global presence in CNC machine manufacturing, and strong client base. Concerns remain regarding the high valuations. Analysts recommend booking profits and advise evaluating the company's quarterly performance for further investment.
Jyoti CNC Automation shares list at 12% premium over issue price
Jyoti CNC Automation's shares listed with a 12.4% premium. The IPO received strong subscription at 38.5 times. It has a robust order book of Rs 3,300 crore and posted revenue and EBITDA CAGR of 27% and 75% over FY21-23. In FY23, revenue rose 24% to Rs 929 crore and profit was at Rs 15 crore.
Jyoti CNC Automation’s listing on Tuesday marks first IPO debut of 2024. Here's what GMP indicates
The IPO of Jyoti CNC Automation received a healthy response from investors with 38.5 times overall subscription.
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Analysts said IPOs in recent times are no longer confined to seasoned investors and have transcended mere financial transactions, grabbing the attention of people across the board.
Jyoti CNC Automation IPO share allotment finalised: Check status, GMP, listing date and other details
Jyoti CNC Automation IPO share allotment will be finalised today. Investors will be allotted shares through a lottery process, supervised by the registrar. They can check the allotment status on the BSE website by entering their application number or PAN number. The company's shares are expected to be listed on January 16. The IPO received a healthy response with an overall subscription of 38.5 times. The net proceeds will be used for loan repayment, working capital, and general corporate purposes.
IBL Finance IPO allotment to be finalised soon. Check status, GMP, listing date and other details
IBL Finance IPO share allotment will be finalized today. Investors will be allocated shares through a lottery process, supervised by the registrar. Investors can check the allotment status on the BSE or by visiting the registrar's website, Bigshare Services. The IPO was subscribed nearly 18 times, with the retail investor category oversubscribed 24 times. The net proceeds from the IPO will be used to strengthen IBL Finance's capital base and for general corporate purposes.
Jyoti CNC Automation IPO subscribed 38.5 times at close; GMP falls sharply on last day
The Jyoti CNC Automation's shares are trading with a premium of Rs 45, down from 75 the previous day. The IPO was priced in the range of Rs 315-331 apiece. In the public offer, the retail portion was booked nearly 21 times, followed by NIIs at 19.31 times.
Jyoti CNC Automation IPO: Check subscription, GMP, issue timeline, other details
Jyoti CNC Automation IPO will close for subscription today and its allotment will likely get finalised on January 12 with listing expected on January 16. Its shares are commanding a premium of Rs 75 in the unlisted market.
Jyoti CNC Automation IPO sees healthy response on Day 2: Check subscription status, GMP and other details
The initial public offer (IPO) of Jyoti CNC Automation was subscribed 3.92 times on Wednesday, the second day of the bidding process. The issue closes tomorrow.
Jyoti CNC Automation IPO subscribed 2.51 times on Day 1. Retail portion booked 8.25 times
In Jyoti CNC Automation IPO, about 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.
Jyoti CNC Automation IPO opens for subscription. Should you bid?
Jyoti CNC Automation is one of the world’s leading manufacturers of metal cutting computer numerical control (CNC) machines with the third largest market share in India accounting for approximately 10% market share in FY23.
Jyoti CNC Automation raises Rs 448 crore from anchor investors ahead of IPO
Jyoti CNC Automation IPO: In the anchor round, leading funds including Goldman Sachs, Nomura HSBC, Edelweiss, Axis MF, Kota MF, Nippon MF, Canara Robeco MF, Invesco India among others participated.
Jyoti CNC Automation IPO opens tomorrow. What GMP signals ahead of subscription
Jyoti CNC IPO is priced in the range of Rs 315-331 per share. The IPO is completely a fresh issue worth Rs 1,000 crore. The share allotment for the IPO will be finalised on January 12 and the listing date is fixed as January 16.
Jyoti CNC Automation IPO opens on January 9: Price band, issue size, GMP among 10 key things to know before subscribing
Jyoti CNC Automation IPO will open for subscription on January 9. The issue closes on January 11. The company's shares are expected to get listed on both the exchanges. Here are 10 things to know about the offer.
Wait until Jyoti CNC IPO lists to evaluate its cutting edge
Revenue grew by 26% annually to ₹929 crore between FY21 and FY23 while operating profit (Ebitda) rose 75% to ₹97.3 crore with an Ebidta margin of 10.48%.
IPO calendar next week: Jyoti CNC Automation, 2 SME issues to kickstart primary market activity in 2024
After a strong 2023, there were no new IPOs in the first week of the current year. However, analysts say the public offer of Jyoti CNC Automation will only be the start of what could be a busy couple of months for the initial share sale market before a pause due to general elections.
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Jyoti CNC Automation IPO: GMP robust ahead of issue opening next week
The share allotment for the Jyoti CNC Automation IPO will be finalised on January 12 and the listing date is fixed as January 16.
Jyoti CNC Automation sets IPO price band at Rs 315-331 per share
The IPO of Jyoti CNC will open for public subscription on January 9 and end on January 11. The anchor book of the offer will be opened for a day on January 8, the company announced.
Jyoti CNC Automation IPO price band fixed at Rs 315-331 per share. Check details
Jyoti CNC Automation IPO will open for subscription on January 9. The IPO is worth up to Rs 1,000 crore and will be the first mainboard issue of the year. Investors can subscribe to a minimum of 45 shares in one lot and its multiples thereafter. The company is offering a discount of Rs 15 per equity share to eligible employees under the employee reservation portion.
Jyoti CNC Automation's Rs 1,000 crore IPO to open on Jan 9
Gujarat-based Jyoti CNC Automation's initial public offering worth up to Rs 1,000 crore will open on January 9. It will also be the first public issue of 2024 on the main board of leading stock exchanges BSE and NSE.
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Shri Balaji Valve IPO had received a robust response from investors with a subscription of 276 times at close. While the NII category was booked the most at 799 times, retail investor portion was subscribed 169 times. The QIB portion of the issue was booked 70 times.
Jyoti CNC Automation to launch Rs 1,000 crore-IPO on January 9. Check details
The company had filed its draft red herring prospectus (DRHP) with the market regulator in September 2023. The IPO is completely a fresh issue worth Rs 1,000 crore. The price band for the public offer will be announced soon. The share allotment for the IPO will be finalised on January 12 and the listing date is fixed as January 16.
Jyoti CNC Automation gets Sebi nod for Rs 1,000 crore public issue
The company proposes to utilise the net proceeds towards repayment and/or pre-payment of some of its loans in full or part, a company release said on Wednesday. The company had availed funding for long-term working capital requirements and general corporate purposes.
Jyoti CNC Automation, BLS E-Services, Popular Vehicles and Services get Sebi's go-ahead for IPOs
Three companies -- Jyoti CNC Automation Ltd, BLS E-Services Ltd, and Popular Vehicles and Services Ltd -- received capital markets regulator Sebi's go-ahead to raise funds through initial public offerings (IPOs).
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