JYOTI CNC AUTOMATION LTD Q2 RESULTS
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.
Craftsman Automation shares rise over 3% on launching Rs 1,200 crore QIP
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 declares Rs 100 dividend along with Q4 results
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 place.
Happiest Minds focusing on areas like analytics, automation, gen AI and security: Joseph Anantharaju
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 organic and inorganic growth strategies.
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.
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.
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.
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.
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 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.
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