Jyoti CNC Automation IPO
Jyoti CNC Automation Limited (JYOTICNC) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 16 January 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +19.1% (likely range +8% to +52%), day's high +24.8%, chance of a gain 92%. Actual: +11.8% at the open, +34.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 94,76,190 | 41,82,01,650 | 44.1x | |
| NII (HNI) total | 47,38,095 | 17,28,50,220 | 36.5x | |
| Big NII (above ₹10 lakh) | 31,58,730 | 12,85,59,780 | 40.7x | |
| Small NII (₹2-10 lakh) | 15,79,365 | 4,42,90,440 | 28.0x | |
| Retail | 31,58,730 | 8,26,77,330 | 26.2x | |
| Employees | 1,66,666 | 20,79,000 | 12.5x | |
| Total | 1,75,39,681 | 67,58,08,200 | 38.5x |
Bids on NSE and BSE together, as published by NSE, as of 11 Jan 2024, 07:00 PM. Shares offered exclude the anchor portion. 11% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Jyoti CNC Automation's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Dharmaj Crop GuardNov 2022 | 48.2x | 52.3x | 21.5x | 35.5x | ₹270 Cr | +12.3% | +17.7% |
| Dreamfolks ServicesAug 2022 | 70.5x | 37.7x | 43.7x | 56.7x | ₹562 Cr | +56.0% | +68.4% |
| RailTel Corporation of IndiaFeb 2021 | 65.1x | 73.3x | 16.8x | 42.4x | ₹820 Cr | +16.0% | +36.0% |
| India PesticidesJun 2021 | 42.9x | 51.9x | 11.3x | 29.0x | ₹817 Cr | +18.2% | +24.3% |
| Electronics Mart IndiaOct 2022 | 62.3x | 24.5x | 12.8x | 29.4x | ₹527 Cr | +52.5% | +54.2% |
| Credo Brands MarketingDec 2023 | 105x | 55.5x | 19.9x | 51.9x | ₹550 Cr | +0.8% | +16.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Equirus Capital | 34 | +21.3% | 74% |
| ICICI Securities | 109 | +21.3% | 69% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the Jyoti CNC Automation IPO price band and lot size? ₹315–331 per share, with a lot of 45 shares, so the smallest retail bid is ₹14,895.
How many times has it been subscribed? 38.5x overall: QIB 44.1x, NII 36.5x, retail 26.2x, employees 12.5x.
How did it list? It opened at ₹370, +11.8% against the issue price of ₹331, and closed its first day +31.2%.
