Incorporated in January 1991, Jyoti CNC Automation Limited is a manufacturer and supplier of CNC machines. The company is based in India and specializes in manufacturing and supplying CNC machines.

The product range includes CNC turning centres, CNC turning-milling centres, CNC vertical machining centres (VMCs), CNC horizontal machining centres (HMCs), simultaneous 3-axis CNC machining centres, simultaneous 5-axis CNC machining centres and multi-tasking machines.

The company’s customer base includes Indian Space Applications Center – ISRO, BrahMos Aerospace Thiruvananthapuram, Turkish Aerospace, Uniparts India, Tata Advances System, Tata Sikorsky Aerospace, Bharat Forge, Shakti Pumps (India), Shreeram Aerospace & Defense, Rolex Rings, Harsha Engineers, Bosch Limited, HAWE Hydraulics, Festo India, Elgi Rubber, National Fittings and others.

The company has a wide range of CNC machines with 200 types in 44 series. In the last three financial years, over 7,200 machines have been supplied to more than 3,000 customers worldwide, including India, Europe, North America and a few parts of Asia. Since April 1, 2004, Jyoti CNC has delivered over 30,000 CNC machines worldwide.

The company distributes its products worldwide through Huron’s established dealer network and also has 29 sales and service centres in Romania, France, Poland, Belgium, Italy and the UK.

The company has three manufacturing facilities, two of which are located in Rajkot, Gujrat, and another in Strasbourg, France, which has the necessary capabilities to design, develop and manufacture the entire product line.

As of June 30, 2023, the company’s production capacity was 4,400 machines per year in India and 121 machines per year in France.

As of June 30, 2023, the Company had an order backlog of ₹ 31,430.56 million, including an order of ₹ 2,602.50 million from an electronic manufacturing services (EMS) company.

As of June 30, 2023, the company had a total of 2,573 employees.


Jyoti CNC Automation IPO Details

IPO Date January 9, 2024 to January 11, 2024
Listing Date Tuesday, January 16, 2024
Face Value ₹2 per share
Price [.] to [.] per share
Lot Size
Total Issue Size [.] shares
(aggregating up to ₹1,000.00 Cr)
Fresh Issue [.] shares
(aggregating up to ₹1,000.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue 195,757,090

Jyoti CNC Automation IPO Timeline (Tentative Schedule)

Jyoti CNC Automation IPO opens on January 9, 2024, and closes on January 11, 2024.

IPO Open Date Tuesday, January 9, 2024
IPO Close Date Thursday, January 11, 2024
Basis of Allotment Friday, January 12, 2024
Initiation of Refunds Monday, January 15, 2024
Credit of Shares to Demat Monday, January 15, 2024
Listing Date Tuesday, January 16, 2024
Cut-off time for UPI mandate confirmation 5 PM on January 11, 2024


Jyoti CNC Automation IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not less than 75% of the Net Issue
Retail Shares Offered Not more than 10% of the Net Issue
NII (HNI) Shares Offered Not more than 15% of the Net Issue


Jyoti CNC Automation IPO Promoter Holding

The promoters of the company are Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP.

Share Holding Pre Issue 72.66%
Share Holding Post Issue


Jyoti CNC Automation Limited Financial Information

Jyoti CNC Automation Limited’s revenue increased by 27% and profit after tax (PAT) rose by 131.18% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 30 Sep 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 1,706.07 1,515.38 1,286.24 1,388.19
Revenue 510.53 952.60 750.06 590.09
Profit After Tax 3.35 15.06 -48.30 -70.03
Net Worth 205.63 36.23 -29.68 18.67
Reserves and Surplus 213.33 49.14 11.67 83.11
Total Borrowing 821.40 834.97 792.16 725.12
Amount in ₹ Crore


Key Performance Indicator

KPI Values
ROE 18.35%
ROCE 9.50%
Debt/Equity 10.17
EPS (Rs) 1.02
RoNW 18.35%

Jyoti CNC Automation Objects of the Issue IPO

The company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:

  1. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company;
  2. Funding long-term working capital requirements of the company; and
  3. General corporate purposes.
More Details coming soon…