JYOTI CNC AUTOMATION LTD Q2 RESULTS

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.

Craftsman Automation's share price rose 3.5% to Rs 4,945 on the BSE after initiating a Qualified Institutional Placement (QIP) to raise Rs 1,200 crore.

Honeywell Automation’s net profit for the quarter ended March 31, 2024, was reported at Rs 148.2 crore, up 32% YoY from Rs 112 crore for the same period a year ago. Ashish Gaikwad has resigned as MD and Atul Vinayak Pai has been appointed in his pla...

Venkatraman Narayanan and Joseph Anantharaju of Happiest Minds outline positive Q4 results and strategic plans for FY25, leveraging recent acquisitions for growth and aiming for 35-40% revenue growth with a 20-24% margin target. Strong focus on orga...

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 nex...

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 m...

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 ...

The IPO of Jyoti CNC Automation received a healthy response from investors with 38.5 times overall subscription.

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 o...

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...

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.

​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.

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 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 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 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.

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 befor...

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 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...