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Jyoti CNC Automation IPO will close for subscription today and its allotment will likely get finalised on January 12 with listing expected on January 16. Its shares are commanding a premium of Rs 75 in the unlisted market. ....
Jyoti CNC Automation IPO will open for subscription on January 9. The IPO is worth up to Rs 1,000 crore and will be the first mainboard issue of the year. Investors can subscribe to a minimum of 45 shares in one lot and its multiples thereafter. The company is offering a discount of Rs 15 per equity share to eligible employees under the employee reservation portion. ....
The company proposes to utilise the net proceeds towards repayment and/or pre-payment of some of its loans in full or part, a company release said on Wednesday. The company had availed funding for long-term working capital requirements and general corporate purposes. ....