Jyoti CNC Automation IPO GMP

The financial market is buzzing with anticipation as Jyoti CNC Automation Limited prepares to launch its mainboard IPO on the NSE and BSE exchanges. With a total issue size of Rs 1,000 Crores, consisting solely of fresh shares, this IPO is expected to be a significant event in the Indian financial landscape. In this blog, we will delve into the details of Jyoti CNC Automation IPO Grey Market Premium (GMP) and explore what it signifies for potential investors.

Also See: All IPO GMP Price Today

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Understanding Jyoti CNC Automation IPO GMP

The Grey Market Premium (GMP) for Jyoti CNC Automation IPO is currently standing at ₹38, as of the latest update on January 16, 2024. GMP is a critical indicator for assessing market sentiment and investor expectations regarding the IPO.

Let’s take a look at the GMP trend over the past few days: [ Last Updated: 16 Jan, 2024; 11:40]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
16-01-2024₹331₹381300/18200₹369 (11.48%)
15-01-2024₹331₹381300/18200₹369 (11.48%)
14-01-2024₹331₹401400/19600₹371 (12.08%)
13-01-2024₹331₹401400/19600₹371 (12.08%)
12-01-2024₹331₹531800/25200₹384 (16.01%)
11-01-2024₹331₹481600/22400₹379 (14.50%)
10-01-2024₹331₹441500/21000₹375 (13.29%)
09-01-2024₹331₹772600/36400₹408 (23.26%)
08-01-2024₹331₹1003400/47600₹431 (30.21%)
07-01-2024₹331₹762600/36400₹407 (22.96%)
06-01-2024₹331₹762600/36400₹407 (22.96%)
05-01-2024₹331₹672300/32200₹398 (20.24%)
04-01-2024₹331₹852900/40600₹416 (25.68%)
03-01-2024₹60₹60 (%)
02-01-2024₹0₹ (0%)

The IPO GMP Dashboard provides real-time information on the GMP status of all upcoming and closed IPOs, allowing investors to track and compare GMP trends against listing prices. It’s essential to keep in mind that the GMP is a reflection of unofficial trading in the grey market and may not always accurately predict the actual listing price.

Also Read: Jyoti CNC Automation Set to Debut on Dalal Street with Rs 1,000-Crore Fresh Issue IPO on January 9

IPO Grey Market Premium (GMP) Explained

The Grey Market Premium (GMP) is the price at which an IPO is traded in an unofficial and unregulated grey market before its official listing on stock exchanges like NSE and BSE. The GMP serves as an indicator of market expectations and sentiment surrounding the IPO. A positive GMP suggests that the IPO is likely to list at a premium, while a negative GMP indicates that it might list at a discount.

However, it’s crucial to understand that the IPO GMP is highly volatile and speculative. Relying solely on GMP for investment decisions can be risky, as it does not take into account various fundamental factors that affect a company’s performance and stock valuation.

Also Read: What is DRHP? : Understanding the Draft Red Herring Prospectus (DRHP)

About Jyoti CNC Automation Limited

Jyoti CNC Automation Limited, established in January 1991, is a leading global manufacturer of CNC machines. It holds the second-largest market share in India and the twelfth largest globally. The company’s journey began with manufacturing gears for machines and evolved into producing precision lathes with complete gear drives, ultimately transitioning to sophisticated CNC machines.

Jyoti CNC Automation IPO

Jyoti CNC Automation’s product range includes CNC turning centers, CNC turning-milling centers, CNC vertical machining centers, CNC horizontal machining centers, CNC vertical line machines, and high-tech CNC machining centers with 3 and 5 axes. The company caters to various industries such as aerospace and defense, automotive, general engineering, EMS, tools and dies, and more.

Also Read: When Can a Company Go for IPO in India

Strengths of Jyoti CNC Automation

  1. Leading global presence in CNC machine manufacturing.
  2. Diverse customer base across multiple industries.
  3. Focus on technology and innovation supported by dedicated R&D facilities.
  4. Vertically integrated operations for customization and production efficiency.
  5. Experienced promoters and a strong management team.

Jyoti CNC Automation IPO Objectives

The company intends to utilize the net proceeds from the fresh issue for the following purposes:

  1. Repayment and/or pre-payment of certain borrowings.
  2. Funding long-term working capital requirements.
  3. General corporate purposes.

Also Read: Benefits and Risks of Investing in IPOs

IPO Timeline

Here are the important dates for the Jyoti CNC Automation IPO:

  • IPO Open Date: January 9, 2024
  • IPO Close Date: January 11, 2024
  • Basis of Allotment Finalization Date: January 12, 2024
  • Refunds Initiation Date: January 15, 2024
  • Credit of Shares to Demat Account: January 15, 2024
  • IPO Listing Date: January 16, 2024

Conclusion

Jyoti CNC Automation Limited’s IPO is generating considerable interest in the market, as indicated by the Grey Market Premium (GMP). However, it’s essential to exercise caution and conduct thorough research before making any investment decisions. The GMP provides insight into market sentiment, but it should not be the sole factor guiding your investment choices. Evaluate the company’s fundamentals, financials, and growth prospects to make an informed decision regarding your participation in the IPO.

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