Jyoti CNC Automation IPO is scheduled to open on January 8, 2024, and the closing date is set for January 10, 2024. The total offer size for the IPO is Rs 1,000 crore, comprising 3.02 crore shares. The price range for each share is between ₹315 and ₹331, with a face value of ₹2 per share.
For investors, the minimum lot size for an application is 45 shares, requiring a minimum investment of ₹14,895. The IPO is anticipated to be listed on January 16, 2024, on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Who is the CEO of Jyoti CNC Automation?
As per information from Zee Business, Deepinder Goyal serves as the CEO of Jyoti CNC Automation, while Parakram Jadeja holds the position of Chairman and Managing Director. Jadeja, recognized as a visionary entrepreneur and technocrat, leads the company’s management team.
Additionally, the board of directors at Jyoti CNC Automation includes individuals such as:
Vikramsinh Raghuvirsinh Rana
Sahadevsing Lalubha Jadeja
Vijay Vaman Paranjape
Pravinchandra Ratilal Dholakia
Yogesh Damodardas Kathrecha
Jignasa Pravinchandra Mehta
Rikesh Chand
What is the company profile of Jyoti?
Jyoti CNC Automation Limited, established in 1998, is a prominent manufacturer, exporter, and supplier of CNC machines and related products. The company holds ISO 9001:2008 certification and stands as the largest CNC machine tool manufacturer in India. Additionally, it operates a subsidiary in Strasbourg, France, expanding its global presence.
Jyoti CNC Automation is globally recognized as one of the leading CNC machine manufacturers, securing the second-largest market share in India and ranking twelfth worldwide. The company specializes in a diverse range of CNC machines, offering products such as simple turning machines, turn mill centers, inverted turning line machines, vertical turning lathes, C frame machines, horizontal machining centers, and double column high-speed machines.
The extensive line of Jyoti CNC Automation’s products finds application across various industries, including:
– Automobile
– Aerospace
– Allied machinery
– Agriculture
– Die & Mould
– Jewellery
– Defense
– Medical equipment
– Plastic machineries
– Power and textile machinery
This information highlights Jyoti CNC Automation’s significant role in the manufacturing and supply of CNC machines, catering to a wide array of industries globally.
Is Jyoti CNC the largest CNC?
Jyoti CNC Automation Limited asserted its position as the second-largest CNC machine manufacturer in India, holding an approximately 8% market share in fiscal 2022.
However, in 2023, the company slightly adjusted its standing to the third-largest market share in India, accounting for around 10% of the market. On a global scale, Jyoti CNC Automation maintains the twelfth-largest market share, constituting approximately 0.4% of the global market. These figures reflect the company’s dynamic presence and market positioning in the CNC machine manufacturing sector.
Frequently Asked Questions (FAQs) – Jyoti CNC Automation Limited IPO
1. What is Jyoti CNC Automation Limited?
Jyoti CNC Automation Limited is a company specializing in the manufacturing, export, and supply of CNC machines. Established in 1998 and headquartered in India, it is known for its diverse range of products used in various industries.
2. When was Jyoti CNC Automation Limited established?
The company was established in 1998.
3. Is Jyoti CNC Automation ISO certified?
Yes, Jyoti CNC Automation Limited is ISO 9001:2008 certified.
4. Who is the CEO of Jyoti CNC Automation?
According to Zee Business, Deepinder Goyal is mentioned as the CEO of Jyoti CNC Automation. It is advisable to verify this information for the latest updates.
5. Who is the Chairman and Managing Director of Jyoti CNC Automation?
Parakram Jadeja is identified as the Chairman and Managing Director of Jyoti CNC Automation, known for his visionary leadership.
6. What products does Jyoti CNC Automation manufacture?
Jyoti CNC Automation produces a variety of CNC machines, including simple turning machines, turn mill centers, inverted turning line machines, vertical turning lathes, C frame machines, horizontal machining centers, and double column high-speed machines.
7. In which industries are Jyoti CNC Automation’s products used?
The company’s products find applications in diverse industries such as automobile, aerospace, allied machinery, agriculture, die & mould, jewelry, defense, medical equipment, plastic machineries, power, and textile machinery.
8. When is Jyoti CNC Automation’s IPO scheduled to open and close?
The IPO is scheduled to open on January 8, 2024, and close on January 10, 2024.
9. What is the price band for Jyoti CNC Automation’s IPO shares?
The price band for the IPO shares is set at ₹315 to ₹331 per share.
10. When is Jyoti CNC Automation’s IPO expected to list on BSE and NSE?
The IPO is planned to be listed on January 16, 2024, on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Conclusion
In conclusion, Jyoti CNC Automation Limited, established in 1998 and ISO 9001:2008 certified, stands as a significant player in the CNC machine manufacturing industry.
Recognized as the second-largest CNC machine manufacturer in India with an 8% market share in fiscal 2022, the company adjusted to the third-largest market share in 2023, capturing approximately 10% of the Indian market.
Globally, Jyoti CNC Automation holds the twelfth-largest market share, accounting for around 0.4% of the worldwide CNC machine market. The company’s diverse range of products, including simple turning machines, turn mill centers, and vertical turning lathes, caters to various industries such as automobile, aerospace, defense, and more.
As Jyoti CNC Automation continues to evolve and expand its global presence, it remains a key player in the CNC machine manufacturing sector.
ALSO READ:- Borosil Renewables Share Price Target 2024-2030
ALSO READ:- IREDA Share Price Target 2024-2030