Mon. Mar 4th, 2024

The IPO of Jyoti CNC Automation is set to finalize the allotment of shares on January 12. The public issue received a strong response from investors, with a total subscription of 38.53 times the offering price. The shares will be listed on both BSE and NSE on January 16. The Grey Market Premium (GMP) for the company is estimated to be between ₹55-60 per share. Investors can check the allotment status on the registrar’s website or the official websites of BSE.

Key Points:

  • Jyoti CNC Automation IPO allotment status to be finalized on January 12
  • Shares to be listed on both BSE and NSE on January 16

Jyoti CNC Automation Ltd is expected to finalize the allotment of its shares on Friday, January 12. This means that the investors who have subscribed to Jyoti CNC Automation’s initial public offering (IPO) will likely be able to check the status of their share allotment today.

The bidders of the offer are likely to be informed about their funds getting debited towards subscription of shares of Jyoti CNC through emails and SMS alerts by Monday. Jyoti CNC Automation’s public issue received a strong response from investors in the three days of the company’s IPO bidding process that concluded on Thursday.

After the share allotment for the IPO the stock will be listed on the stock exchanges. Shares of Jyoti CNC will be listed on both BSE and NSE on January 16, 2024. The issue was subscribed a total of 38.53 times during the bidding period, with the IPO opening for subscription on January 9 and closing on January 11.

The shares of Jyoti CNC Automation were offered in a fixed price band ranging from ₹315 per piece to ₹331 each. This included the retail category receiving bids for shares of an impressive 26.17 times the quota reserved for the segment, while the non-institutional investors’ category witnessing subscription of an impressive 44.13 times. The quota that was set aside for qualified institutional bidders (QIBs) was subscribed a total of 36.48 times.

The Grey market premium (GMP) of the company was seen in the range of ₹55-60 per share, as of Friday.

Here’s how to check IPO allotment status:

  1. Link Intime India Ltd has been appointed as the official registrar for the IPO. The bidders can check the status of the IPO allotment both on the registrar’s website and the official websites of BSE.
  2. The bidders can check the allotment status on BSE by following a few simple steps:
    1. Visit https://www.bseindia.com/investors/appli_check.aspx
    2. Select ‘Equity’ under the ‘Issue Type’ section
    3. Select ‘Jyoti CNC IPO’ from the list
    4. Enter your application number or PAN number
    5. Click on submit.