Jyoti CNC Automation IPO Update: The IPO of Jyoti CNC Automation is getting a great response from investors.
It got fully booked in just a few hours after opening on January 9th. As of 1:32 pm, the subscription was 1.42 times, and investors can subscribe until January 11th.
Here’s a breakdown of the subscription in different categories:
Retail Category: The highest subscription of 5.54 times was received in the retail category.
Qualified Institutional Category: No subscriptions have been received in this category.
Non-Institutional Investors Category: A subscription of 1.43 times has been recorded.
Price Details
The IPO’s price band is set between Rs 315 to Rs 331 per share. The company has created lots of 45 shares each for the IPO.
For retail investors, the minimum investment is Rs 14,895 for one lot (45 shares), and they can place bets on a maximum of 13 lots.
Employees are given a Rs 15 discount on each share.
Anchor Investors
The IPO for Anchor Investors opened on January 8th, and the company successfully raised Rs 448 crore from them. The shares were allotted at Rs 331 each.
Gray Market Update
As per Investors Gain report, the IPO is available in the gray market at a premium of Rs 95 today, showing a slight decrease from the Rs 100 premium observed yesterday.
