Jyoti CNC Automation IPO listing Highlights: Shares list at 12.39% premium; Buy, Sell or Hold? Check Anil Singhvi's view

			

				
								
					 Written By: Raghwendra Shukla   Updated on: January 16, 2024 12.01 PM IST		
				
			

                    

			   
          

        
        
        

        

            

                

					 

                        

		
          
      
      
      

      
      
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: 


 



	  	        

	  
	

      
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Tue, January 16, 2024, 10:02 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
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.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, January 16, 2024, 09:53 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
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.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, January 16, 2024, 09:49 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
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.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, January 16, 2024, 09:41 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
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.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, January 16, 2024, 09:27 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
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.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, January 16, 2024, 09:17 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
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.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, January 16, 2024, 09:17 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
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.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, January 16, 2024, 09:10 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
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.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, January 16, 2024, 09:09 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
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.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, January 16, 2024, 09:05 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
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.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, January 16, 2024, 09:01 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
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.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, January 16, 2024, 08:58 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
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. 


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, January 16, 2024, 08:50 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
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.


		


				
					
			
			
	
	
	


        
       




  

    

  
  
  
  
  
  

    						

 
		


 
							
						

					 

                   
                

                
            

        

        
        

        

      

        

			
			

        

        
    

    
    
   
    
    
    
    
    

    
    




  
    
    
  



  


                  

                

                

                  

                    
                

              

            

          


        

        

      

    

      










  
  
  
  
  
  










  
  
  



	
        

      

        
        
        

      

    



  
  


  

    
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