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Jyoti CNC Automation IPO
Price Band
₹315.0–331.0
Issue Size
₹1000.0 Cr
Lot Size
45 shares
Min Investment
₹14,895
GMP
+₹38.0 (11.48%)
Issue Price
₹331.0
Subject to Sauda
₹1300
Paid only if allotted
Jyoti CNC Automation IPO AI Summary
- Jyoti CNC Automation IPO is listed on BSE, NSE in the Industrial Products sector.
- Price band: ₹315.0–₹331.0 per share, lot size 45 shares (min. investment ₹14,895).
- Subscription window: 09 Jan–11 Jan 2024, listing on 16 Jan 2024.
- Current GMP is +₹38.0 (11.48%), an estimated listing price of ₹369 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Jyoti CNC Automation IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Jan 2024 — not a current signal.
6 of 10 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Jyoti CNC Automation IPO Grey Market Premium (GMP) Today
GMP
+₹38.0
GMP %
+11.48%
Est. Listing
₹369.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in January 1991, Jyoti CNC Automation Limited is a manufacturer and supplier of CNC machines. The company is based in India and specializes in manufacturing and supplying CNC machines. The product range includes CNC turning centres, CNC turning-milling centres, CNC vertical machining centres (VMCs), CNC horizontal machining centres (HMCs), simultaneous 3-axis CNC machining centres, simultaneous 5-axis CNC machining centres and multi-tasking machines. The company's customer base includes Indian Space Applications Center - ISRO, BrahMos Aerospace Thiruvananthapuram, Turkish Aerospace, Uniparts India, Tata Advances System, Tata Sikorsky Aerospace, Bharat Forge, Shakti Pumps (India), Shreeram Aerospace & Defense, Rolex Rings, Harsha Engineers, Bosch Limited, HAWE Hydraulics, Festo India, Elgi Rubber, National Fittings and others. The company has a wide range of CNC machines with 200 types in 44 series. In the last three financial years, over 7,200 machines have been supplied to more than 3,000 customers worldwide, including India, Europe, North America and a few parts of Asia. Since April 1, 2004, Jyoti CNC has delivered over 30,000 CNC machines worldwide. The company distributes its products worldwide through Huron's established dealer network and also has 29 sales and service centres in Romania, France, Poland, Belgium, Italy and the UK. The company has three manufacturing facilities, two of which are located in Rajkot, Gujrat, and another in Strasbourg, France, which has the necessary capabilities to design, develop and manufacture the entire product line. As of June 30, 2023, the company's production capacity was 4,400 machines per year in India and 121 machines per year in France. As of June 30, 2023, the Company had an order backlog of ₹ 31,430.56 million, including an order of ₹ 2,602.50 million from an electronic manufacturing services (EMS) company. As of June 30, 2023, the company had a total of 2,573 employees.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,706.07 | 1,515.38 | 1,286.24 | 1,388.19 |
| Total Income | 510.53 | 952.60 | 750.06 | 590.09 |
| Profit After Tax | 3.35 | 15.06 | -48.30 | -70.03 |
| NET Worth | 205.63 | 36.23 | -29.68 | 18.67 |
| Reserves and Surplus | 213.33 | 49.14 | 11.67 | 83.11 |
| Total Borrowing | 821.40 | 834.97 | 792.16 | 725.12 |
Key Ratios
EPS
₹0.76
NAV
₹5.57
ROE
18.35%
ROCE
9.50%
RoNW
18.35%
P/B Value
59.43
P/E Ratio
433.43
Market Cap
₹7527.47 Cr
PAT Margin
1.58%
Debt/Equity
10.17
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Macpower CNC Machines Ltd | 96.61 | 13.34% | 51.31 | 12.89 | 12.89 |
| TD Power Systems Limited | 38.74 | 16.01% | 46.66 | 6.23 | 6.22 |
| Triveni Turbine Limited | 23.92 | 25.32% | 67.76 | 5.97 | 5.97 |
| Lakshmi Machine Works Limited | 2189.04 | 16.42% | 37.69 | 359.47 | 359.47 |
| Elgi Equipments Limited | 43.27 | 27.04% | 44.3 | 11.72 | 11.71 |
| Jyoti CNC Automation Limited This IPO | 5.57 | 18.35% | — | 1.02 | 1.02 |
Promoters
Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana and Jyoti International LLP
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company 475.00 2 Funding long-term working capital requirements of the Company 360.00 3 General corporate purposes 114.45
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹590.09 Cr in the year ending 31 Mar 2021, rising to ₹750.06 Cr by 31 Mar 2022, and further increasing to ₹952.60 Cr by 31 Mar 2023. However, as of 30 Sep 2023, total income decreased to ₹510.53 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was a loss of ₹70.03 Cr in the year ending 31 Mar 2021, improving to a loss of ₹48.30 Cr by 31 Mar 2022. By 31 Mar 2023, the company reported a profit of ₹15.06 Cr, but this figure fell to ₹3.35 Cr by 30 Sep 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Jyoti CNC Automation is priced at a P/E ratio of approximately 433.43 at the issue price, compared to peers trading at P/E ratios ranging from 37.69 to 67.76.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO based on unofficial trading. A positive GMP suggests that the IPO may list at a higher price than the issue price, while a negative GMP indicates the opposite. Investors often look at GMP to gauge market sentiment about the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable returns may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on January 9, 2024, and closes on January 11, 2024. Allotment of shares will be done on January 12, 2024, and the shares are expected to be listed on January 16, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions, investor sentiment, and the overall performance of the IPO. While some investors may experience quick profits, others may face losses if the stock does not perform as expected after listing.
This evaluation is generated from Jyoti CNC Automation's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Jyoti CNC Automation IPO GMP today?
Jyoti CNC Automation IPO GMP today is +₹38.0 (11.48%), indicating an estimated listing price of ₹369. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Jyoti CNC Automation IPO?
The price band of Jyoti CNC Automation IPO is ₹315.0–₹331.0 per share.
When does Jyoti CNC Automation IPO open and close?
Jyoti CNC Automation IPO opens on 09 January 2024 and closes on 11 January 2024.
When does Jyoti CNC Automation IPO list on the stock exchange?
Jyoti CNC Automation IPO listed on 16 January 2024 at ₹369.0.
What is the lot size for Jyoti CNC Automation IPO?
The lot size for Jyoti CNC Automation IPO is 45 shares, requiring a minimum investment of ₹14,895.
What is the price band for the Jyoti CNC Automation IPO?
The price band for the Jyoti CNC Automation IPO is ₹315 to ₹331.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹14,895.
What is the lot size for the Jyoti CNC Automation IPO?
The lot size for the Jyoti CNC Automation IPO is 45 shares.
When is the listing date for the Jyoti CNC Automation IPO?
The listing date for the Jyoti CNC Automation IPO is January 16, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which an IPO might list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Jan 2024
Close
11 Jan 2024
Allotment
12 Jan 2024
Listing
16 Jan 2024
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