Exicom Tele-Systems is offering an Initial Public Offering (IPO) worth Rs 429.00 crores, consisting of a fresh issue of 2.32 crore shares valued at Rs 329.00 crores and an offer for sale of 0.7 crore shares worth Rs 100.00 crores.

The subscription for Exicom Tele-Systems IPO opens on February 27, 2024, and closes on February 29, 2024. The allotment is expected to be finalized on Friday, March 1, 2024. The IPO is set to list on BSE and NSE with a tentative listing date of Tuesday, March 5, 2024.

The price band for the Exicom Tele-Systems IPO is between ₹135 to ₹142 per share, with a minimum lot size of 100 shares. Retail investors need a minimum investment of ₹14,200. For sNII, the minimum lot size is 15 lots (1,500 shares), requiring an investment of ₹213,000, and for bNII, it is 71 lots (7,100 shares), amounting to ₹1,008,200.

Monarch Networth Capital Ltd, Unistone Capital Pvt Ltd, and Systematix Corporate Services Limited are the book-running lead managers, while Link Intime India Private Ltd is the registrar for the IPO.

For more detailed information, refer to the Exicom Tele-Systems IPO RHP.

Exicom Tele-Systems IPO Details

Exicom Tele-Systems IPO Key Dates

Exicom Tele-Systems IPO Lot Size

Investors can bid for a minimum of 100 shares and then in multiples of 100 shares thereafter. The table below shows the minimum and maximum investment amounts for retail investors and HNIs, both in terms of shares and the corresponding monetary value.

Exicom Tele-Systems Limited Details

Founded in 1994, Exicom Tele-Systems Limited specializes in power systems, electric vehicle (EV) charging, and related solutions, operating under two main business verticals.

Under its Power Systems division, Exicom offers uninterrupted power solutions for digital communication networks.

In the EV Charging Solutions segment, Exicom has installed over 61,000 AC and DC chargers in India and Southeast Asia. Their EV charging solutions are designed to withstand harsh environmental and electrical conditions.

As of March 31, 2023, Exicom was one of the first companies to enter India’s EV charger manufacturing segment. The company provides both slow charging solutions (primarily AC chargers for residential use) and fast charging solutions (DC chargers for business and public charging networks in cities and highways). Its customer base includes automotive OEMs (for passenger cars and EV buses), charge point operators (CPOs), and fleet aggregators.

By September 30, 2023, Exicom had installed more than 61,000 EV chargers across 400 locations in India. As of the same date, the company had deployed 470,810 Li-ion Batteries for application in the telecommunications sector, with a storage capacity exceeding 2.10 GWH.

Exicom’s manufacturing facility is compliant with ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015 standards.

As of September 2023, Exicom has supplied its EV Chargers to over 70 customers, including 15 automotive OEMs, 32 national and regional CPOs, and four fleet aggregators.

The company employs 1,190 individuals in India as of September 30, 2023, with 443 on contractual terms and 732 technically qualified employees, including 438 with diplomas and 294 with engineering degrees. Additionally, Exicom has 50 employees at its subsidiaries.

Exicom Tele-Systems Limited Financials

Exicom Tele-Systems Limited experienced a 14.79% decrease in revenue but saw a 24.07% increase in profit after tax (PAT) from the financial year ending on March 31, 2022, to March 31, 2023.

The objective of the Issue

The company intends to utilize the net proceeds from the IPO for the following purposes:

1. Partial financing for setting up production/assembly lines at the planned manufacturing facility in Telangana.
2. Repayment or prepayment of certain borrowings of the company.
3. Partial funding of incremental working capital requirements.
4. Investment in research and development and product development.
5. General corporate purposes.

Disclaimer: Dear readers, please note that we are not affiliated with or authorized by SEBI (Securities and Exchange Board of India). The content on this platform is purely for informational and educational purposes and should not be construed as financial advice or stock recommendations. Share price predictions provided are solely for reference and should only be relied upon when positive market indicators are present. Any uncertainties regarding the company's future or prevailing market conditions are not factored into this analysis. We cannot be held responsible for any financial losses incurred based on the information presented here. Our aim is to offer timely updates on the stock market and financial products to assist you in making informed investment decisions. Prior to any investment, it is imperative to conduct your own thorough research.

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Juniper Hotels is a prominent luxury hotel development and ownership company, holding the largest number of “Hyatt” affiliated hotels in India as of June 30, 2023, according to the Horwath Report. The company currently operates a portfolio of seven hotels and serviced apartments, totaling 1,836 keys. Juniper Hotels benefits from a longstanding partnership of over 40 years with Saraf Hotels, a renowned hotel developer in India, and affiliates of Hyatt Hotels Corporation (NYSE: H) (“HHC”).

Juniper Hotels is the only hotel development company in India with a strategic investment from Hyatt. As of June 30, 2023, they own 20% of Hyatt group-affiliated hotel rooms in India, as reported by Horwath. The company has a strong track record in identifying and developing high-end hotels in strategic locations, focusing on providing quality guest experiences and efficient asset management.

The company’s hotels and serviced apartments span across luxury, upper upscale, and upscale categories, located in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. Grand Hyatt Mumbai Hotel and Residences, one of their properties, is the largest hotel in India. Additionally, Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the largest upper upscale hotels in their respective markets, and Hyatt Raipur is the only upper upscale hotel in Raipur, according to the Horwath Report.

Juniper Hotels serves as the flagship entity for the Saraf Group, owning a unique portfolio of luxury, upper upscale, and upscale hospitality assets in prime locations across India. The company’s strategy is to expand its ownership of luxury and upscale hotels and serviced apartments across India, consolidating the interests of Saraf Hotels and its affiliates in the hospitality sector and pursuing new opportunities to enhance its position as the Saraf Group’s flagship entity.

Juniper Hotels IPO Timeline

Juniper Hotels IPO Lot Size

The Juniper Hotels IPO has a minimum market lot of 40 shares, requiring an application amount of ₹14,400. Retail investors have the opportunity to apply for up to 13 lots, totaling 520 shares or ₹187,200.

Juniper Hotels IPO Allotment & Listing Dates

The Juniper Hotels IPO is scheduled to open on February 21, 2024, and close on February 23, 2024. The allotment of shares for the IPO will be finalized on February 26, 2024. Refunds for unsuccessful applicants are expected to be processed on February 27, 2024, with shares credited to the demat accounts of successful applicants on the same day. The IPO is set to be listed on the stock exchanges on February 28, 2024.

Juniper Hotels Financials

Here’s the financial report for Juniper Hotels in a table format:

Juniper Hotels IPO Valuation (FY2023)

Here are the valuation details for Juniper Hotels IPO for FY2023:

• Earning Per Share (EPS): -₹0.10 per Equity Share
• Price/Earning (P/E) Ratio: N/A
• Return on Net Worth (RoNW): -0.42%
• Net Asset Value (NAV): ₹24.67 per Equity Share

Peer Company

• Chalet Hotels Limited
• Lemon Tree Hotels Limited
• EIH Limited
• The Indian Hotels Company Limited

Juniper Hotels IPO Allotment Status Check

To check the allotment status for the Juniper Hotels IPO, you can visit the KFin Technologies website and access the allotment URL provided. https://ris.kfintech.com/ipostatus/

Company Address

Juniper Hotels Limited
Off Western Express Highway,
Santacruz East, Mumbai 400 055,
Maharashtra, India;
Phone:+ 91 22 6676 1000
E-mail: complianceofficer@juniperhotels.com
Website: www.juniperhotels.com

Disclaimer: Dear readers, please note that we are not affiliated with or authorized by SEBI (Securities and Exchange Board of India). The content on this platform is purely for informational and educational purposes and should not be construed as financial advice or stock recommendations. Share price predictions provided are solely for reference and should only be relied upon when positive market indicators are present. Any uncertainties regarding the company's future or prevailing market conditions are not factored into this analysis. We cannot be held responsible for any financial losses incurred based on the information presented here. Our aim is to offer timely updates on the stock market and financial products to assist you in making informed investment decisions. Prior to any investment, it is imperative to conduct your own thorough research.

The post Juniper Hotels IPO Details: Key Details Review, Price and Allotment Details appeared first on Share Bajar News.

The subscription window for the Jyoti CNC Automation IPO opens on January 9, 2024, and closes on January 11, 2024. The allotment process for the IPO is scheduled to be finalized on Friday, January 12, 2024. Jyoti CNC Automation’s shares are expected to be listed on both BSE and NSE, with the tentative listing date fixed for Tuesday, January 16, 2024.

The IPO price band is established at ₹315 to ₹331 per share, with a minimum lot size of 45 shares for an application. Retail investors are required to invest a minimum amount of ₹14,895. For sNII (Non-Institutional Investors), the minimum lot size is 14 lots (630 shares), requiring an investment of ₹208,530, while for bNII (Qualified Institutional Buyers), it is 68 lots (3,060 shares), amounting to ₹1,012,860.

Equirus Capital Private Limited, ICICI Securities Limited, and SBI Capital Markets Limited are the appointed book-running lead managers for the Jyoti CNC Automation IPO. Link Intime India Private Ltd will serve as the registrar for the issue.

Jyoti CNC Automation IPO Timeline

Below are timeline of Jyoti CNC Automation IPO Details

Jyoti CNC Automation IPO Lot Size

Investors in the retail category are required to bid for a minimum of 45 shares and can bid in multiples of 45, with the corresponding minimum investment amount specified. For HNI (S) investors, the minimum bid is 630 shares, also in multiples of 630, with a defined minimum and maximum investment amount. HNI (B) investors are required to bid for a minimum of 3,060 shares and can bid in multiples of 3,060, with the corresponding minimum investment amount outlined.

Jyoti CNC Automation IPO Promoter Holding

The key promoters of the company include Parakramsinh Ghanshyamsinh Jadeja, Sahdevsinh Lalubha Jadeja, Vikramsinh Raghuvirsinh Rana, and Jyoti International LLP. These individuals and entities play a significant role in the management and strategic decisions of the company, contributing to its overall direction and success.

About Jyoti CNC Automation Limited

Incorporation Year: January 1991

Overview: Jyoti CNC Automation Limited is a distinguished manufacturer and supplier of CNC (Computer Numerical Control) machines, catering to a global clientele. The company, headquartered in India, specializes in the design, development, and production of an extensive range of CNC machines, contributing to various industries’ precision machining processes.

Product Range: The company’s diverse product portfolio includes:

• CNC turning centres
• CNC turning-milling centres
• CNC vertical machining centres (VMCs)
• CNC horizontal machining centres (HMCs)
• Simultaneous 3-axis CNC machining centres
• Simultaneous 5-axis CNC machining centres
• Multi-tasking machines

Customer Base: Jyoti CNC Automation Limited serves a notable customer base, including renowned entities such as Indian Space Applications Center (ISRO), BrahMos Aerospace Thiruvananthapuram, Turkish Aerospace, Tata group companies, Bharat Forge, Shakti Pumps (India), Rolex Rings, Bosch Limited, and more.

Global Presence: The company has a significant global footprint, delivering its CNC machines to over 3,000 customers worldwide. With 200 types in 44 series, the company has supplied more than 7,200 machines in the last three financial years, reaching markets in India, Europe, North America, and parts of Asia.

Distribution Network: Jyoti CNC Automation Limited utilizes Huron’s established dealer network for global product distribution. Additionally, the company operates 29 sales and service centers across Romania, France, Poland, Belgium, Italy, and the UK.

Manufacturing Facilities: The company boasts three manufacturing facilities, two in Rajkot, Gujarat, India, and one in Strasbourg, France. These facilities are equipped to handle the entire product development lifecycle, including design and manufacturing.

Production Capacity: As of June 30, 2023, the company’s annual production capacity was 4,400 machines in India and 121 machines in France.

Order Backlog: As of June 30, 2023, Jyoti CNC Automation Limited held a substantial order backlog of ₹31,430.56 million, including a significant order of ₹2,602.50 million from an electronic manufacturing services (EMS) company.

Workforce: As of June 30, 2023, the company had a dedicated team of 2,573 employees, contributing to its growth and success in the CNC machine industry.

Company Financial Information

These financial figures represent the company’s performance and financial position over the specified periods. Amounts are in crores of Indian Rupees.

Objects of the Issue

Jyoti CNC Automation Limited intends to utilize the Net Proceeds from the Fresh Issue to achieve the following objectives:

1. Repayment and/or Pre-payment of Borrowings:
   • The company aims to utilize a portion of the funds raised through the IPO to repay and/or pre-pay specific borrowings availed by the company. This strategic allocation of funds contributes to enhancing the company’s financial health and reducing its debt obligations.
2. Funding Long-term Working Capital Requirements:
   • Another key objective is to allocate funds towards meeting the long-term working capital requirements of the company. This ensures that Jyoti CNC Automation is well-equipped to sustain and expand its operations over an extended period, supporting its ongoing business activities.
3. General Corporate Purposes:
   • The company plans to allocate a portion of the Net Proceeds for general corporate purposes. This may include supporting various operational aspects, investing in research and development, and addressing any unforeseen financial needs that contribute to the overall growth and stability of the organization.

Disclaimer: Dear readers, please note that we are not affiliated with or authorized by SEBI (Securities and Exchange Board of India). The content on this platform is purely for informational and educational purposes and should not be construed as financial advice or stock recommendations. Share price predictions provided are solely for reference and should only be relied upon when positive market indicators are present. Any uncertainties regarding the company's future or prevailing market conditions are not factored into this analysis. We cannot be held responsible for any financial losses incurred based on the information presented here. Our aim is to offer timely updates on the stock market and financial products to assist you in making informed investment decisions. Prior to any investment, it is imperative to conduct your own thorough research.

The post Jyoti CNC Automation IPO: Key Details and Subscription Information appeared first on Share Bajar News.

As of the end of October, Invesco conducted a comprehensive review of Swiggy’s valuation, resulting in a significant six percent increase. This valuation boost from Invesco positions Swiggy at an impressive three billion dollars, marking a notable turnaround for the company. This positive development follows a series of valuation cuts experienced by Swiggy, particularly in 2023 when the company’s valuation witnessed a notable decline of thirty-three percent to around five and a half billion dollars.

The valuation rollercoaster was attributed to concerns about slow growth, a factor that prompted continuous adjustments in Swiggy’s valuation. However, recent reports indicate a remarkable transformation for Swiggy as Invesco, demonstrating confidence in the company’s potential, now values it at an impressive eight billion dollars. This substantial increase not only signifies a substantial recovery for Swiggy but also places the company in a favorable position within the competitive market space.

It is worth noting that Swiggy’s rival, Zomato, has been performing exceptionally well in the stock market. Despite facing challenges in 2023, Swiggy has managed to secure a turnaround, attracting renewed investor interest. With the latest valuation surge and increased capital by thirty-four percent, Swiggy is poised for a promising future as it gears up for its IPO, demonstrating resilience and adaptability in the dynamic food delivery industry.

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