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News Details

04/01/2024 11:50

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Jyoti CNC Automation announces launch of initial public offering

Jyoti CNC Automation Ltd. has announced public offering of 30211479 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 329.00 per share. The gross proceeds of the issue are expected to be Rs 1,00,000.00 lakhs.

The company's initial public offer (IPO) will open on 09 January 2024 and is expected to close on 11 January 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 315.00-331.00 per share.

The IPO includes a fresh Issue of 30211479 Equity Shares of the Company at an price of Rs 331.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 45 shares with bids in multiples of 45.

Jyoti CNC Automation Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,Equirus Capital Private Limited,SBI Capital Markets Ltd. as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.