Read on the application
Jyoti CNC Automation IPO: Gujarat company Jyoti CNC Automation Limited has prepared to launch an Initial Public Offering (IPO). For this, the company has applied to the capital market regulator SEBI. The IPO will consist entirely of fresh shares and is not an offer for sale (OFS).
Before the company IPO, Rs. Can do private placement of 200 crore equity shares. If this happens then the size of the IPO will decrease. The proceeds of the IPO will be used to repay debt, fund the company’s working capital requirements and for general corporate purposes. Jyoti CNC is a manufacturer of Computerized Numerical Control (CNC) machines.
Which customers: Its clients include ISRO, Brahmos Aerospace Thiruvananthapuram Limited, Turkish Aerospace, Uniparts India Limited, Tata Group company Tata Advanced Systems Limited and Bosch Limited. The IPO’s merchant bankers – Equirus Capital, ICICI Securities and SB I There are capital markets.
Let it be known that Jyoti CNC with three manufacturing facilities till June 30, 2023 Rs. 3,143.06 crore was the order book. Out of which two are in Gujarat and one is in France. The company turned profitable in FY2023 and last year posted Rs. 48.3 crore as against a loss of Rs. 15.06 crores profit reported.