Jyoti CNC Automation IPO: Jyoti CNC Automation’s IPO has closed with more than 40 times subscription. More subscription was received from QIB on the third day. The reserve portion of NII has received subscription 36 times and the retail portion has received subscription 25.92 times. The IPO was open for retail investors between January 9 and January 11. The price band of Jyoti CNC Automation’s IPO was Rs 315 to Rs 331 per share. The company has raised Rs 448 crore from anchor investors on January 8.
Jyoti CNC Automation Today’s GMP
According to Mint report, the GMP of Jyoti CNC Automation’s IPO is running at Rs 75. Even before this its GMP was Rs 75. There has been no change in the GMP of Jyoti CNC IPO since last two days. Market experts say that due to positive response from investors, no changes are being seen in the IPO of Jyoti CNC Automation.
Jyoti CNC Automation IPO
An IPO of Rs 1000 crore has been brought by Jyoti CNC Automation Limited. This entire IPO is a fresh issue, that is, all the money received under the IPO will go to the company. Its price band has been fixed from Rs 315 to Rs 331.
The company makes CNC machines which are used in sectors like aerospace, defence, medical. The company has three manufacturing plants, including two in Gujarat and one in Strasbourg, France. A profit of Rs 15.06 crore was recorded by the company in the financial year 2022-23. The company’s income during this period was Rs 929 crore.
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