IPO : Jyoti CNC Automation Limited
Jyoti CNC Automation Limited IPO
| SYMBOL | JYOTICNC |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Tuesday, January 9, 2024 |
| ISSUE CLOSES ON | Thursday, January 11, 2024 |
| ISSUE PRICE | ₹315 to ₹331 per share |
| ISSUE SIZE | Up to Rs.1000.00 Crores |
| FACE VALUE | Rs.2 per share |
Jyoti CNC Automation IPO is a book built issue of Rs 1,000.00 crores. The issue is entirely a fresh issue of 3.02 crore shares.
Jyoti CNC Automation IPO opens for subscription on January 9, 2024 and closes on January 11, 2024. The allotment for the Jyoti CNC Automation IPO is expected to be finalized on Friday, January 12, 2024. Jyoti CNC Automation IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, January 16, 2024.
| MINIMUM BID | 45 shares |
| MINIMUM AMOUNT | Rs.14,895 |
| MAXIMUM BID | 585 shares |
| MAXIMUM AMOUNT | Rs.193,635 |
| LISTING DATE | Tuesday, January 16, 2024 |
| LISTING AT | BSE-NSE |
Jyoti CNC Automation IPO price band is set at ₹315 to ₹331 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹14,895. The minimum lot size investment for sNII is 14 lots (630 shares), amounting to ₹208,530, and for bNII, it is 68 lots (3,060 shares), amounting to ₹1,012,860.
Objects of the Issue (Jyoti CNC Automation IPO Objectives)
The company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company;
- Funding long-term working capital requirements of the company; and
- General corporate purposes.
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