CNC/Machine Tools - Listed on 16 January 2024
Jyoti CNC Automation (CNC/Machine Tools) closed its IPO window in 2024 and listed on NSE and BSE on 16 January 2024 at an upper band issue price of Rs 331, opening at Rs 370 for a listing gain of +11.8% and closing day one at Rs 434.2 (+31.2% on closing basis). The IPO was subscribed 38.53x overall - QIB 44.13x, HNI/NII 36.48x, Retail 26.17x. The total issue size was Rs 1,000 Cr (Fresh Issue Rs 0 Cr, OFS Rs 1000 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
CNC/Machine Tools
Jyoti CNC Automation operates in the CNC/Machine Tools space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Jyoti CNC Automation issue was offered at an upper price of Rs 331 and raised approximately Rs 1,000 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 67 | +13.60% |
| Day 2 | Rs 77 | +15.71% |
| Day 3 | Rs 93 | +14.50% |
| Day 4 | Rs 83 | +15.11% |
| Day 5 | Rs 50 | +25.08% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Jyoti CNC Automation IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Jyoti CNC Automation IPO listed at +11.8% versus the upper issue price of Rs 331 on 16 January 2024.
Jyoti CNC Automation IPO was subscribed 38.53x overall. QIB portion was subscribed 44.13x, HNI / NII 36.48x and Retail 26.17x.
IPO GMP started at Rs 67 on Day 1 and moved to Rs 50 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.