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JYOTICNC IPO

Jyoti CNC Automation Limited

IPO Doc

Start Date09-01-2024

Application Timing10am-5pm

Price Range₹315 - ₹331

Min Qty45

Min. Investment₹14175

Listing DateNA

Close Date11-01-2024

About Jyoti CNC Automation Limited

Why To Invest in Jyoti CNC Automation Limited

One of the leading companies in India and globally in CNC machines market with global client base. The IPO Fresh issue proceeds will be utilised for repayment of borrowings and funding long-term working capital requirements of the company.

Strengths And Risks

Leading CNC Machines Manufacturer: Jyoti CNC Machines has 8% market share in India, it is second largest CNC machines manufacturer ang 12th largest in the world. Its standing in the Indian industry is demonstrated by the fact that they have been recognised as ‘Best Brand in the Metal Cutting Industry’ by Economic Times for 5 consecutive years from 2018 to 2022.

Diversified Global Customer Base: Some of their customers across the various end industries include Space Applications Centre – ISRO, BrahMos Aerospace, Turkish Aerospace, Uniparts India Limited, AVTEC Limited, Tata Advances System, Tata Sikorsky Aerospace Limited, Bharat Forge, C.R.I. Pumps, Kalyani Technoforge, Shakti Pumps, Shreeram Aerospace & Defence, Rolex Rings, Orbit Bearings India, Omnitech Engineering, Harsha Engineers, Bosch Limited, HAWE Hydraulics, Festo India, Elgi Rubber, National Fittings, and Aequs Private Limited.

R&D Focus: The ability to deliver high precision multi-purpose products is significantly enhanced by their dedicated R&D team situated at their facilities in Rajkot, Gujarat and Strasbourg, France. The growth in product range from entry level CNC machines to sophisticated multi-axis machines is due to constant focus on technology and R&D.

Experienced Promoters : Parakramsinh Jadeja, one of the Promoters and company CMD, is vastly experienced and has been feted by various industry bodies for his entrepreneurship. He has been awarded the ‘Premier Outstanding Entrepreneurship Award’ by the IMTMA in 2013, ‘Small Scale Entrepreneur Third Award, by the Government of India, and the “CII Best Entrepreneurship of the year award’ for 2004-2005.

Competitive Industry: Jyoti CNC operates in a highly competitive environment in both in the Indian and overseas markets. The industry is highly fragmented, both domestically and globally. To remain competitive, they must meet quality standards, strive to reduce production and distribution costs and improve operating efficiencies and innovate the products offering.

High Working Capital Requirement: Company has a high working capital requirement and if the are unable to raise sufficient working capital, the operations will be adversely affected.

High Debt and Past Losses: As of July 31, 2023, Jyoti CNC has total outstanding debt of Rs. 1037 crores respectively which poses a risk to profitability. The company has incurred losses in the past.

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Astha Credit & Securities Pvt Ltd
NSE, BSE & MCX Sebi Reg No:
INZ000187932

For any grievance contact:
grievance@rupeezy.in
0755-4268599

Membership ID:
NSE - 12227 BSE-6844 MCX - 40000
NSDL-IN303420 CDSL-94500

For cyber attack incident reporting:
gyanesh@rupeezy.in
9669695615

CIN:
U65929MP2003PTC016241

SEBI RA Registration:
INH000013332

SEBI Depository Participant Reg No:
IN-DP-611-2021

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Attention Investors:
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Awareness regarding guidelines regarding margin collection:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
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The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.

Disclaimer:

Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
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Client Bank account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062
2	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	57500000351820	HDFC0000062

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Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

Client registration documents in Vernacular languages: Get Documents