Jyoti CNC Automation IPO: Analysts Bullish on Potential Gains

Australian Premium

January 9, 2023

New Delhi, India

Jyoti CNC Automation IPO Overview

The Jyoti CNC Automation IPO has generated significant buzz in the market, with shares trading at a premium of ₹76 in the grey market. The company, a leading CNC machines maker, aims to raise ₹1,000 crore through the issuance of fresh shares, and the IPO is open for subscription until January 11, 2024.

Subscription Status and Grey Market Premium

As of the first day, the IPO has been subscribed 0.10 times overall, with the retail portion at 0.41 times. In the grey market, shares are commanding a premium of ₹76. This indicates positive market sentiment and investor interest.

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IPO Details and Important Dates

The IPO price band is set at ₹315 to ₹331 per equity share, and the allotment date is expected on January 12, 2024. The company aims to be listed on both BSE and NSE, with a possible listing date on January 16, 2024.

Upcoming IPO

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