Nifty 50 index closed its trading 0.29 per cent lower at 22,032, whereas the Sensex settled 0.27 per cent down at 73,128 levels, , stock market, nifty, sensex, national stock exchange, IPO launch, Jyoti CNC Automation, Polycab India Limited, retail investors, Intraday, zee entertainment, paytm
The Jyoti CNC Automation s shares are trading with a premium of Rs 45, down from 75 the previous day. The IPO was priced in the range of Rs 315-331 apiece. In the public offer, the retail portion was booked nearly 21 times, followed by NIIs at 19.31 times.
The initial public offer (IPO) of Jyoti CNC Automation was subscribed 3.24 times so far on Wednesday, the second day of the bidding process. The issue closes tomorrow.
Jyoti CNC Automation is one of the worlds leading manufacturers of metal cutting computer numerical control (CNC) machines with the third largest market share in India accounting for approximately 10% market share in FY23.