About Company’s Business:
They stand as one of the world’s foremost producers of computer numerical control (CNC) machines for metal cutting. In Fiscal 2023, their market presence in India secured them the third-largest market share, constituting around 10% of the Indian market. Globally, they held the twelfth-largest market share, making up 0.4% of the global market in the calendar year 2022, according to the F&S Report. The company is recognized as a notable manufacturer of simultaneous 5-Axis CNC machines in India, as indicated by the F&S Report. Additionally, they offer a diverse range of CNC machines, including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs), and CNC Horizontal Machining Centers (HMCs).
About the Industry:
The estimated value of the worldwide CNC Machining Centers market is approximately $51.5 billion in 2027. This market experiences significant impetus, primarily attributed to the adoption of automation and advanced software solutions by global manufacturers in the automotive and heavy industries. The aim is to effectively address the evolving demands of their clientele. Additionally, escalating concerns such as a shortage of skilled labor, limitations on working hours, and increasing labor costs contribute to a heightened demand for automated precision machines. The global CNC Machining Centers Market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 10.3% from 2023 to 2027.
Key Financial Information (â‚ą in million):
| Particulars | 6 months period ending Sep 30, 2023 | Fiscal 2023 | Fiscal 2022 | Fiscal 2021 |
|---|---|---|---|---|
| Equity Share capital** | 391.51 | 329.29 | 294.79 | 294.79 |
| Compulsory convertible preference shares (Equity) | 3.93 | - | - | - |
| Net Worth | 2,056.26 | 362.29 | (296.75) | 186.65 |
| Revenue from operations | 5,098.22 | 9,292.60 | 7,464.87 | 5,800.59 |
| Profit / (loss) after tax | 33.52 | 150.60 | (483.00) | (700.29) |
| Earnings / (loss) per equity share - Basic (in â‚ą) | 0.19* | 1.02 | (3.28) | (4.75) |
| Earnings / (loss) per equity share - Diluted (in â‚ą) | 0.19* | 1.02 | (3.28) | (4.75) |
| Net asset value per Equity Share | 14.62 | 5.57 | 2.79 | 7.64 |
| Total Borrowings | 8,214.04 | 8,349.74 | 7,921.57 | 7,251.17 |
Objective of the Issue:
-
Repayment and/or pre-payment, in full or part, of certain borrowings availed by our
Company; -
Funding long-term working capital requirements of our Company;
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General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Tuesday, January 9, 2024 |
| Close Date | Thursday, January 11, 2024 |
| Issue Size | â‚ą1,000.00 Crores |
| Price | â‚ą315 to â‚ą331 per share |
| Lot Size | 45 Shares |
| Basis of Allotment | Friday, January 12, 2024 |
| Initiation of Refunds | Monday, January 15, 2024 |
| Credit of Shares to Demat | Monday, January 15, 2024 |
| Listing Date | Tuesday, January 16, 2024 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
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