Jyoti CNC Automation IPO: 10 key risks investors should know before subscribing to the issue

livemint.com:

Jyoti CNC Automation IPO raised ₹448 crore from 37 anchor investors at the upper price band of ₹331 per equity share, on Monday, January 8. Jyoti CNC Automation Limited is a CNC machine manufacturer and supplier. The business is headquartered in India and focuses on producing and distributing CNC machinery.

Also Read: Jyoti CNC Automation IPO: GMP, subscription status, review, other details. Apply or not? The product line consists of multi-tasking machines, simultaneous 3-axis and simultaneous 5-axis CNC machining centres, CNC turning centres, CNC turning-milling centres, CNC vertical machining centres (VMCs), and CNC horizontal machining centres (HMCs). The company's promoters are Vikramsinh Raghuvirsinh Rana, Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, and Jyoti International LLP.

Retail investors responded so strongly to the Jyoti CNC Automation IPO subscription on day 1 that it was fully booked within 30 minutes of opening. Jyoti CNC IPO subscription status was 2.52 times at the end of day 1. Jyoti CNC Automation IPO's retail investors portion was subscribed 8.28 times, Non Institutional Investors (NII) portion was subscribed 3.63 times, and Qualified Institutional Buyers (QIB) portion was booked 2%.