Jyoti CNC Automation IPO listing Highlights: Shares list at 12.39% premium; Buy, Sell or Hold? Check Anil Singhvi's view
Jyoti CNC Automation IPO listing Highlights, Jyoti CNC Automation Share Price NSE, BSE: The shares of Jyoti CNC Automation made a decent debut on bourses today as they are listed at a 12.39 per cent premium on the National Stock Exchange (NSE) over the IPO price of Rs 331.
The stock opened at Rs 372 on BSE against the issue price of Rs 331.
Earlier, the IPO of Jyoti CNC got a good response from investors and was subscribed 38.53 times on the last day of subscription on Thursday.
Follow Zee Business BLOG on Jyoti CNC Automation IPO Listing on NSE, BSE for all the latest updates:
Jyoti CNC Automation IPO listing Highlights, Jyoti CNC Automation Share Price NSE, BSE: The shares of Jyoti CNC Automation made a decent debut on bourses today as they are listed at a 12.39 per cent premium on the National Stock Exchange (NSE) over the IPO price of Rs 331.
The stock opened at Rs 372 on BSE against the issue price of Rs 331.
Earlier, the IPO of Jyoti CNC got a good response from investors and was subscribed 38.53 times on the last day of subscription on Thursday.
Follow Zee Business BLOG on Jyoti CNC Automation IPO Listing on NSE, BSE for all the latest updates:
Latest Updates
Jyoti CNC Automation IPO listing LIVE Updates: Anil Singhvi's view
According to Zee Business Managing Editor, investors can hold shares with the stop loss of the issue price.
Jyoti CNC Automation IPO listing LIVE Updates: Price settles at 12.39% premium to issue price in pre-open market
In the pre-opening session, Jyoti CNC Automation shares settled at Rs 372 on the NSE, a premium of 12.39 per cent to the issue price of Rs 331.
Jyoti CNC Automation IPO listing LIVE Updates: Price settles at 11.78% premium to issue price in pre-open market
In the pre-opening session, Jyoti CNC Automation shares settled at Rs 370 on the BSE, a premium of 11.78 per cent to the issue price of Rs 331.
Jyoti CNC Automation IPO Listing Preview: Shares list at premium of 12.39% on BSE
Shares of Jyoti CNC Automation list at a premium of 12.39 per cent on the BSE against the issue price of Rs 331.
Jyoti CNC Automation IPO Listing Preview: Book-running lead managers to the issue
Equirus Capital, ICICI Securities and SBI Capital Markets were the book-running lead managers to the issue.
Jyoti CNC Automation IPO listing LIVE Updates: What does the company do?
Jyoti CNC Automation is a manufacturer of Computer Numerical Control (CNC) machines. Its customers include ISRO, BrahMos Aerospace Thiruvananthapuram Ltd, Turkish Aerospace, MBDA, Uniparts India, Tata Advanced System, Tata Sikorsky Aerospace, Bharat Forge, Kalyani Technoforge, and Bosch Ltd.
Jyoti CNC Automation IPO listing LIVE Updates: Entirely a fresh issue
The Initial Public Offer (IPO) was entirely a fresh issue of equity shares worth up to Rs 1,000 crore. The public issue had a price band of Rs 315-331 per share.
Jyoti CNC Automation IPO listing LIVE Updates: Raised Rs 448 crore from anchor investors
Jyoti CNC Automation on Monday raised Rs 448 crore from anchor investors.
Jyoti CNC Automation IPO Listing Preview: Buy, Sell or Hold
According to Zee Business Managing Editor Anil Singhvi, long-term investors can HOLD with a stop loss of Rs 325.
Jyoti CNC Automation IPO Listing Preview: Anil Singhvi's view on listing
According to Zee Business Managing Editor Anil Singhvi, the shares of Jyoti CNC Automation are expected to list at around Rs 350-360. This is slightly higher than the issue price of Rs 331.
Jyoti CNC Automation IPO listing LIVE Updates: RIIs fetched 26.17 times subscription
The portion for Retail Individual Investors (RIIs) fetched 26.17 times subscription.
Jyoti CNC Automation IPO listing LIVE Updates: QIBs receive 44.13 times subscriptions
The category for Qualified Institutional Buyers (QIBs) received 44.13 times subscriptions while the quota for non-institutional investors got subscribed 36.48 times.
Jyoti CNC Automation IPO listing LIVE Updates: Received bids for 67,58,09,325 shares
The initial share sale received bids for 67,58,09,325 shares against 1,75,39,681 shares on offer.