The first IPO of 2024, the Jyoti CNC Automation IPO, will open for subscription on January 9. Here are some key points to know about this IPO:
- The IPO is a book-built issue of Rs 1,000 crores, consisting of a fresh issue of 3.02 crore shares.
- Subscription for the IPO will start on January 9 and end on January 11.
- Allotment results are expected to be announced on January 12.
- The IPO is set to list on both BSE and NSE on January 16.
- The price range for the IPO shares is between ₹315 to ₹331.
- The minimum lot size for application is 45 shares, with a minimum investment of ₹14,895 for retail investors.
- For sNII (non-institutional investors), the minimum lot size is 14 lots (630 shares) with an investment of ₹208,530.
- And for bNII (bidding non-institutional investors), the minimum lot size is 68 lots (3,060 shares) with an investment of ₹1,012,860.
The Jyoti CNC Automation IPO is expected to generate significant interest in the market. Investors should carefully consider the details and make informed decisions regarding their investment.