Company Highlights
- One of the world’s leading manufacturers of CNC machines with the third largest market share in India accounting approximately 10% in FY 2023 and twelfth largest market share globally in CY 2022
- A prominent manufacturer of simultaneous 5-Axis CNC machines in India and a supplier of diverse portfolio of CNC machines
- Diverse portfolio of CNC machines with focus on technology and ability to deliver innovative solutions bolstered by dedicated R&D facilities
- Well diversified global customer base spread across end-user industries like aerospace & defense, auto & auto-components, general engineering, dies & moulds, EMS & others, and has supplied over 30,000 CNC machines globally
- Vertically integrated operations enables customization and production efficiencies
Deal Summary
| Issue Size | 1,000 Crores | |
| Issue Price | 331 | |
| Issue Period | Jan 9th – 11th, 2024 |
Subscription Details*
| Overall | 38.53 times | |
| QIB | 44.13 times | |
| Non – Institutional | 36.48 times | |
| Retail | 26.17 times | |
| Employees | 12.47 times |
Listing Details
| Issue Price | 331 | |
| Listing Price | ` 372 | |
| Listing Gain | 12.3% |
