In today’s briefing:
- Jyoti CNC IPO- Forensic Analysis
Jyoti CNC IPO- Forensic Analysis
- Jyoti CNC Automation (0907734D IN) plans to come up with ~INR 10 bn IPO
- JCAL is an established player in manufacturing of metal cutting CNC machines, mostly in 5-Axis category. It has 8% market share in India and is 12th largest global player.
- Even though JCAL has bright order book visibility, it remains unprofitable, largely because of concerns with subsidiaries.
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