Jyoti CNC Automation IPO Review, Date, Price, GMP

Jyoti CNC Automation stands as a CNC machine manufacturer, on the stage holding the second largest market share in India and ranking twelfth worldwide as of Fiscal 2022. Their wide range of products includes CNC Turning Centers, CNC Vertical and Horizontal Machining Centers 3 3-axis and 5-axis CNC Machining Centers well as versatile multi-tasking machines. Serving industries like aerospace, defense, auto components, general engineering, EMS dies, and molds Jyoti CNC Automation caters, to a variety of needs.

With, more than twenty years of expertise and strong research and development capabilities Jyoti CNC Automation offers tailor-made solutions to its clients. Their leading solution, known as ‘7th Sense’ is designed to adapt to the Industry 4.0 revolution by providing automated analytical features, for optimizing CNC machine performance maintaining its health, and prolonging tool lifespan. 

Jyoti CNC Automation’s comprehensive operations are vital, in providing cutting-edge solutions. The company has established a global client base, including organizations such as Space Applications Centre – ISRO, BrahMos Aerospace, Turkish Aerospace, and more. With a track record as the brand for metal cutting for five consecutive years Jyoti CNC Automation has successfully delivered, over 30,000 CNC machines worldwide since April 1, 2004.

Jyoti CNC Automation has specialized research and development centers located in Rajkot, Gujarat, and Strasbourg, France. These centers are staffed by a team of 129 employees who play a role in customizing and improving their products. The manufacturing facilities of the company hold ISO certifications. Have the capacity to produce 4,400 machines annually in India and 121 machines annually, in France. By adopting an integrated approach Jyoti CNC Automation promotes collaboration among teams resulting in reduced delivery times and efficient, after-sales support.

Parakramsinh Ghanshyamsinh Jadeja, who serves as the Chairman and Managing Director is highly acknowledged for his skills. He remains dedicated, to propelling the progress of Jyoti CNC Automation. The leadership team, with a tenure of more than 16 years oversees multiple areas such, as business development, strategy formulation, and operational management. As of June 30, 2023, Jyoti CNC Automation had a workforce of 2,573 employees.

The company’s plan, for growth involves working on improving operations. They have taken steps such, as introducing a cupola furnace and setting up a sand processing unit to make their foundry operations more efficient and cost-effective.

Jyoti CNC Automation IPO Complete Details:

Jyoti CNC Automation IPO Timetable:

Company Financial Details:

AS OF NOW, the GMP OF Jyoti CNC Automation is Around 105 Rs.

Objects Of Issue:

1. The repayment and/or prepayment, in full or in part, of certain borrowings availed by the company;

2. Funding the company’s long-term working capital requirements;

3. Addressing general corporate purposes.

Promoters:

Parakramsinh Ghanshyamsinh Jadeja:

– Age: 54

– Position: Chairman and Managing Director

– Education: Undergraduate

Sahdevsinh Lalubha Jadeja:

– Age: 58

– Position: Whole-Time Director

– Education: Undergraduate

Vikramsinh Raghuvirsinh Rana:

– Age: 54

– Position: Whole-Time Director

– Education: Undergraduate

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