Jyoti CNC Automation IPO coming on 9th Jan: Price, GMP, Dates, more

Jyoti CNC IPO promises good returns with a positive GMP as it kickstarts the IPO 2024 season in India.

by FighterMan Updated: 04 Jan, 2024, 13:46 IST
6 2152

Jyoti CNC Automation is into manufacturing metal-cutting CNC (computer numerical control) machines for 22 years now. It supplies them to aerospace, defence, and medical industries in India, Asia, Europe, North America, and many other parts of the world. It has 2 manufacturing units in Gujarat and 1 in France. The Jyoti CNC Automation IPO is all set to open on 9th January being the 1st IPO of 2024! Check its Price, GMP, Dates, and other important details!

Jyoti CNC Automation factory

As of September 2023, its order book is of ₹3,315 crore (includes ₹304 crore order from a company in the EMS (electronics manufacturing services) industry). Its net profit from April-September 2024 was ₹3.35 crore with a revenue of ₹509.8 crore. In FY 2022-23, Jyoti CNC Automation’s EBITDA (earnings before interest, tax, depreciation and amortisation) grew by 34%.

Jyoti CNC IPO is a ₹1000 crore offering priced at ₹315-₹331 per share. You can apply for it from 9-11 Jan (till 5 pm on the last day). Lot size is 45 equity shares so you can make a minimum investment of ₹14,895. Allotment date is 12th Jan and shares will be credited on 15th Jan. Jyoti CNC Automation IPO will list on the stock market on 16th Jan at 10 am.

The GMP (grey market premium) of Jyoti CNC Automation IPO is ₹60 as of 4/1/24, 11:52 am. GMP gives an idea of the listing price of an IPO so you can decide whether to apply or not. You can even discuss it with Finance experts! It gets generated from the unofficial trading happening in the market.

2024 is gearing up for big IPOs like OYO, FirstCry, Mobikwik, Digit Insurance, and many more. With the Jyoti CNC Automation IPO, let’s hope to start this year on a positive🤑 note!

FighterMan aka Sahil Hitesh Ajmera is a 4+ Years Experienced Content Writer with 1.2M+ User Sessions, 486.41% max growth, and 1000+ Articles across Best Products, OTT, Telecom, Online Shopping, Finance, Credit Cards, Saving Tips, Deals & Offers, more!
7 Dimers
  • Sort By
Finance Ninja Finance Ninja
Link Copied
Subscription figures will be like #PeloIndiaPelo xD 
Budding Star Budding Star
Link Copied

Better to wait and apply ipos now 

Huge variance in GMP and listing, proved with December IPOs. Time to be cautious on ipos

Save your money 

Generous Generous
Link Copied
yeah.. afraid of correction
Pro Entertainer Pro Entertainer
Link Copied

Many IPOs are lined up for this year, so choose wisely.

Finance Mentor Finance Mentor
Link Copied

I read this company is not worth looking into that much... your views?

Generous Generous
Link Copied
This is a company with a monopoly, no competition at all, a huge order book, and a bright future. 
If planning for the long term, then 10001% positive.
Click here to reply