Update on Jyoti CNC Automation’s IPO Subscription: IPO Gets 7.3 Times Subscription; Find Out the GMP Price for Jyoti CNC IPO

Updated Subscription and IPO GMP Price for Jyoti CNC Automation: The subscription period for Jyoti CNC Automation Limited’s Initial Public Offer (IPO) commenced on January 9 and will end this evening, on January 11. Thus, the public issue has just one day for interested bidders to apply.

Manufacturer of CNC machines Jyoti CNC Automation has fixed the pricing range for the IPO at Rs 315-331 per share. Investor reaction to the offering has been quite positive over the first two days of the auction.

By the end of the week, Jyoti CNC Automation’s shares will be listed on the BSE and NSE and open for trading.

Status of IPO Subscription

The offering was oversubscribed 3.92 times, the retail part of the public issue was oversubscribed 11.08 times, and the NII component of the public offer was oversubscribed 6.49 times over the first two days of the auction.

At about 11:18 a.m. on the third day of the Jyoti CNC Automation IPO subscription, the public issue had been subscribed 7.33 times, the retail component 18.77 times, and the NII portion 13.75 times.

IPO GMP for Jyoti CNC Automation

Stock market observers claim that Jyoti CNC Automation shares are now quoted at a premium of Rs 75 on the gray market.

Stock market observers report that the grey market premium (GMP) for the Jyoti CNC Automation initial public offering (IPO) is now at Rs 75, having remained at ₹75 yesterday. For the previous two days, the IPO GMP has thus stayed almost unchanged.

Details about Jyoti CNC Automation’s IPO

January 12, 2023, is anticipated to be the date of the Jyoti CNC Automation first public offering. Book Creation Publication now has Link Intime Pvt Ltd as its official registrant. It is intended that the Jyoti CNC Automation Initial Public Offering (IPO) be listed on the BSE and NSE, with a listing date of January 16, 2024.