Jyoti CNC Automation IPO: Know How To Check Shares Allotment Status

Jyoti CNC IPO Allotment:  Jyoti CNC Automation Ltd's initial public offer, which closed on Thursday, has been well received by investors with an overall subscription of 38.53 times. The share allotment will take place today, Friday, and investors will start receiving bank debit messages in the evening.

On Thursday, the last day of the auction, the Rs 1,000 crore IPO was oversubscribed 38.53 times, receiving bids for 67,58,09,325 shares against 1,75,39,681 shares.

The quota reserved for Qualified Institutional Buyers (QIBs) was oversubscribed 44.13 times, while the Non-Institutional Investors allocation was oversubscribed 36.48 times. The stock was oversubscribed 26.17 times to retail individual investors (RIIs). Jyoti CNC Automation on Monday raised Rs 448 crore from anchor investors as well.

The IPO opened for public subscription on Tuesday, January 9, and was fully subscribed within hours of opening on the first day itself. The price range of IPO was at Rs 315-331 per share. The IPO will list on both NSE and BSE on January 16.

Jyoti CNC Automation IPO: How to Check Allotment Status

- You have to Visit the official BSE website via the URL – https://www.bseindia.com/investors/appli_check.aspx

- Find 'Issue Type' and select 'Equity' under it.

- Select 'Jyoti CNC Automation Ltd' in the drop box.

- Next Enter your Application Number or Permanent Account Number (PAN).

- Then, press the 'Search' option.

Your share application status will be on your screen.

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