A Promising Debut for a Polymer Powerhouse
Mumbai-based Jyoti Global Plast Ltd has officially launched its Initial Public Offering (IPO) today, August 4, 2025, on the NSE Emerge platform. With a price band of ₹62 to ₹66 per share and a healthy grey market premium (GMP) of ₹10, the IPO is drawing strong interest from retail and institutional investors alike. The company, known for its customized polymer-based packaging and moulding solutions, is aiming to raise ₹35.44 crore through this public issue.
Key Takeaways from Today’s Launch
- IPO opens for subscription from August 4 to August 6, 2025
- Price band set at ₹62–₹66 per equity share
- GMP stands at ₹10, indicating a potential listing price of ₹76
- Total issue size: 53.70 lakh shares
- Includes fresh issue of 43.20 lakh shares and Offer for Sale (OFS) of 10.50 lakh shares
- Minimum investment lot size for retail investors: 4,000 shares (₹2.64 lakh at upper band)
- Listing scheduled on NSE Emerge, targeting SME investors
Company Profile: Jyoti Global Plast at a Glance
Established Expertise
- Incorporated in 2004, Jyoti Global Plast specializes in plastic and fibre-reinforced polymer (FRP) moulding
- Offers solutions across pharmaceuticals, chemicals, food & beverage, childcare, automotive, and defence sectors
- Product portfolio includes HDPE-PP drums, jerrycans, barrels, pails, toys, and drone components
Manufacturing Footprint
- Operates two manufacturing units in Mumbai
- Plans to set up a new facility at MIDC Mahad and a solar power plant using IPO proceeds
- Serves over 1,000 clients across India
Financial Performance and Growth Outlook
- FY25 revenue: ₹93.48 crore
- Net profit: ₹6.08 crore
- EBITDA: ₹11.65 crore with margins at 12.47%
- Debt-to-equity ratio improved to 1.19 from 2.05 over three years
- Strong Return on Net Worth (RONW) at 28.49% and Return on Capital Employed (ROCE) at 22.35%
The company’s financials reflect robust operational efficiency and strategic expansion into high-growth sectors like defence and aerospace. Its recent ₹20 crore order book in these verticals signals promising future revenue streams.
IPO Objectives and Utilization of Funds
- Establishment of a new manufacturing unit at Mahad
- Investment in renewable energy via a solar power plant
- Repayment of existing loans
- General corporate purposes to support expansion and innovation
Unistone Capital Pvt Ltd is the book-running lead manager, while MUFG Intime India Pvt Ltd is the registrar. LFC Securities Pvt Ltd is the designated market maker with a reservation of 2.70 lakh shares.
Investor Sentiment and GMP Buzz
- GMP of ₹10 suggests a listing premium of approximately 15%
- Subject to Sauda rate stands at ₹15,200, reflecting strong retail enthusiasm
- Anchor investors have already committed ₹10.07 crore, adding credibility to the offering
- Retail quota accounts for 35% of the issue, with high-net-worth individuals (HNIs) and qualified institutional buyers (QIBs) also participating actively
Conclusion: A Strategic Bet on Polymer Innovation
Jyoti Global Plast’s IPO debut is more than a capital-raising exercise—it’s a strategic move to scale operations, diversify into high-tech sectors, and reinforce its market leadership in polymer-based solutions. With solid financials, a diversified product portfolio, and a strong GMP signal, the IPO is poised to attract serious investor attention over the next two days.
Source: India Infoline
