The first IPO of 2024 is here! Tomorrow, you can start subscribing to Jyoti CNC Automation IPO, marking the start of the IPO season. Jyoti CNC Automation Limited, based in India, is into making and supplying CNC machines.
Get ready to be a part of it! Delve into this article to know about the GPM of today, reviews whether investing in this is good or bad, IPO lot size, and more!
Jyoti Cnc Automation IPO GMP Today
The Jyoti CNC Automation IPO is available for subscription from January 9 to January 11, 2024. They plan to decide on the allotment by Friday, January 12, 2024. Once it gets approved, the IPO will be listed on both BSE and NSE, with the expected listing date set for Tuesday, January 16, 2024. People are expecting a lot from this time with the Jyoti CNC Automation IPO to benefit from it.
Jyoti Cnc Automation IPO Details 2023
|January 9, 2024 to January 11, 2024
|₹2 per share
|₹315 to ₹331 per share
Jyoti Cnc Automation IPO Good Or Bad
Deciding whether to invest in Jyoti Cnc Automation IPO is a bit of a mixed bag. Some experts see the potential for strong growth, given the company’s presence in a thriving industry. On the flip side, concerns are raised about tough competition and the company’s high valuations.
To make an informed decision, it’s crucial to conduct your own research and evaluate if you believe in the company’s promising future. So, hold your horses and delve into the details before deciding if this investment is a good or bad move for you. A lot of reviews has marked that Jyoti CNC automation has both pros and cons that can help people to understand it more suitably.
Jyoti CNC Automation IPO Lot Size
The Jyoti CNC Automation IPO has a price range of ₹315 to ₹331 per share, and if you’re looking to invest, the minimum lot size is 45 shares. For retail investors, the smallest investment needed is ₹14,895. As for sNII (non-institutional investors), they have to go for a minimum of 14 lots, which means 630 shares, and this requires an investment of ₹208,530. For bNII (big non-institutional investors), the minimum lot size is 68 lots, equaling 3,060 shares, and this entails an investment of ₹1,012,860.
Jyoti CNC Automation IPO Review
In the analysis of Jyoti CNC Automation IPO, Reliance Securities suggests applying, while Dilip Davda leans towards a “May Apply” recommendation. Capital Market and Swastika Investmart Ltd hold a “Neutral” stance on the IPO, while Sushil Finance Ltd has chosen not to rate it.
Consider the following aspects of Jyoti CNC Automation’s IPO. On the positive side, it operates in a thriving industry with robust financials and has generated positive buzz in the grey market. However, there are drawbacks to be mindful of, such as high valuations, competition, and concerns raised by some analysts. In conclusion, while the IPO presents an interesting opportunity, it’s crucial to conduct thorough research, carefully evaluate the pros and cons, and make responsible investment decisions. Ultimately, the choice to invest lies in your hands.