Jyoti CNC Automation Ltd, a leading CNC machines manufacturer, is gearing up to unveil its Initial Public Offering (IPO) on January 9, 2024. The IPO is slated to run until January 11, 2024, providing potential investors with a three-day window to subscribe to the offering. Here are some crucial details about the upcoming Jyoti CNC Automation IPO:

1. IPO Price Band: Jyoti CNC Automation has set the price band for its IPO in the range of ₹315 to ₹331 per equity share. This establishes the valuation framework for prospective investors.

2. Grey Market Premium (GMP): Shares of Jyoti CNC Automation are already witnessing traction in the grey market, commanding a premium of ₹82. This indicates early market enthusiasm and anticipation.

3. IPO Size: The CNC machines maker aims to raise ₹1,000 crore through the issuance of fresh shares, reflecting the scale and ambition of the IPO.

4. Lot Size: Investors looking to participate in the IPO can do so in lots, with each lot comprising 45 shares. This lot structure allows for flexibility in investment choices.

5. Allotment Date: As per the T+3 listing schedule, the allotment of shares is anticipated to take place on January 12, 2024. This marks the process by which shares will be allocated to successful bidders.

6. IPO Registrar: Link Intime India Private Limited has been appointed as the official registrar for the Jyoti CNC Automation IPO, responsible for overseeing the IPO process and share allocation.

7. Listing Platforms: The IPO is planned for listing on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange), providing investors with dual listing opportunities.

8. Listing Date: Jyoti CNC Automation Ltd shares are expected to be listed on January 16, 2024, marking the culmination of the IPO process and the commencement of public trading.

9. IPO Objective: The funds raised through the IPO will be utilized for various strategic purposes, including business expansion, capital expenditure, and other corporate initiatives.

Investors and market participants are closely watching the developments surrounding the Jyoti CNC Automation IPO, and the early signs, such as the grey market premium, suggest positive market sentiment. As the IPO date approaches, the financial community eagerly awaits the listing to gauge the company’s reception in the public markets.

By Admin

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