Wed. Jul 24th, 2024

Shares of Jyoti CNC Automation Ltd debuted on the BSE and NSE with a premium of over 12%. The stock listed at Rs 372 on the BSE, up 12.38% from the issue price, and jumped to Rs 422.65, marking a increase of 27.68%. The initial public offer of Jyoti CNC Automation was subscribed 38.53 times on the last day of subscription. The company plans to use the proceeds from the IPO for debt payment, funding working capital requirements, and general corporate purposes. Jyoti CNC Automation is a manufacturer of CNC machines and its customers include companies like ISRO, BrahMos Aerospace Thiruvananthapuram Ltd, and Turkish Aerospace.