Jyoti CNC Automation IPO opens today: Should you subscribe to it? Here’s what experts recommend

Tuesday, 9 January 2024
Jyoti CNC Automation has initiated the subscription for its IPO, scheduled to close on January 11. The IPO involves a fresh issue of Rs 1,000 crore. Anchor investors, including Nomura and Goldman Sachs, have contributed Rs 448 crore. The proceeds will be utilised for loan repayment, fulfilling working capital requirements, and addressing general corporate purposes. Jyoti CNC Automation holds a significant global position as a manufacturer of CNC machines specialising in metal cutting.

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