Jyoti CNC Automation allotment out soon: Here’s how to check application status

12 Jan 2024 , 02:12 PM

Jyoti CNC Automation is set to announce the basis of allotment for its IPO, most likely on Friday, January 12. Investors can expect messages, alerts, or emails regarding the debit of funds or revocations of their IPO mandate by Monday, January 15, or over the weekend. The IPO, marking the first of the year, garnered a robust response from investors during the book-building process.

To check the allotment status, investors need to provide their application number and PAN details. The status can be verified on the BSE website or the IPO registrar’s website, Link Intime India.

Jyoti CNC Automation offered its IPO in the price band of Rs 315-331 per share, with a lot size of 45 shares. The bidding window was open from January 9 to January 11. The company aimed to raise around Rs 1,000 crore through its primary offering, consisting entirely of a fresh share sale of 3.02 crore equity shares.

The IPO was oversubscribed 38.53 times, reflecting strong demand across all investor categories. The allocation for qualified institutional bidders (QIBs) was oversubscribed 44.13 times, while non-institutional investors saw a subscription of 36.48 times. The portion reserved for retail investors and employees was subscribed 26.17 times and 12.47 times, respectively.

The company will list its shares on BSE and NSE on January 16.