Jyoti CNC Automation Ltd will open its IPO today (9 January 2024). Everyone is looking for more details about the IPO. The company is having a good growth quarterly. It is all ready for its IPO to release in the market. The company will raise around ₹448 Crores from Anchor Investors. The investors are waiting eagerly for its opening. The GMP price is also available. We will share details about Jyoti CNC Automation IPO GMP live status below.
Jyoti CNC Automation IPO GMP Price Today (Live Status)
Jyoti CNC automation has a grey market premium (GMP) price of ₹85 on the IPO opening date with an estimated listing price of ₹416. Till now the Jyoti CNC Automation IPO GMP has hit a 22% premium (estimated) on its price band. The IPO has been open on 9 January 2024 and close on 11 January 2024. The IPO has a face value of ₹2 per share. Its price band will range between ₹315 to ₹331 per share with lot size of 45 shares. The company will issue a total of 30,211,480 shares. All will be fresh equity shares. The employee will get a special discount of ₹15 per share. It will be listed on both BSE and NSE.
| Date | GMP Today |
| 3 January 2024 | ₹60 |
| 4 January 2024 | ₹85 |
| 5 January 2024 | ₹67 |
| 6 January 2024 | ₹76 |
| 7 January 2024 | ₹77 |
| 8 January 2024 | ₹100 |
| 9 January 2024 | ₹77 |
| 10 January 2024 | ₹44 |
| 11 January 2024 | ₹44 |
| 12 January 2024 | |
| 13 January 2024 |
The company will offer a total of 30,060,423 shares. 45% of the shares are for Anchor Investors. The QIB will have 30%, NII 15%, and retails 10%. The share will alllot on 12 January 2024. The company will credit the share into demat on 15 January 2024. Jyoti CNC Automation Ltd will list on the share market on 16 January 2024. The company has a strong financials. It had a profit of ₹3.35 Crores in Q2 2024 with revenue of Rs 510.53 crores. It reduced to some extent.
The company made a profit of ₹15.06 crores in Q4 2023 with a revenue of ₹952.60. The company is still profitable. They expect to grow further. The listing of the company receives a good response from the audience. The stocks can have a chance of full subscription on the first day. We hope you get enough details from Jyoti CNC Automation Limited IPO above.