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The IPO of
Investors can bid for a minimum of 45 equity shares and in multiples thereof, it said.
The company is planning to list its shares for the second time in nearly 10 years.
The IPO is entirely a fresh issue of equity shares worth up to ₹ 1,000 crore.
The company has reserved 75 per cent of the issue size for qualified institutional buyers, 15 per cent for non-institutional investors, and the remaining 10 per cent for retail individual investors.
Proceeds from the issue would be used for debt payment, funding the long-term working capital requirements of the company, and general corporate purposes.
Jyoti
As of September 2023, the company had an order book of Rs 3,315.33 crore.
Equirus Capital, ICICI Securities, and SBI Capital Markets are the book running lead managers to the issue.
Equity shares of the company will be listed on BSE and NSE.
In 2013, Jyoti CNC had filed draft papers with Sebi to mop up funds through an IPO but later shelved its plan.
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