India’s SME segment continues to attract investor interest with yet another promising offering — the Jyoti Global Plast IPO. Backed by solid financials and expansion goals, this IPO has stirred excitement in the grey market. Whether you’re looking for listing gains or long-term potential, this article unpacks everything you need to know: from price band and GMP to business model and analysis.
About the Company: Jyoti Global Plast Limited
Jyoti Global Plast Ltd. is a Navi Mumbai-based plastic manufacturing company engaged in creating HDPE, PP, and FRP-based products. Their range includes everything from industrial drums, jerry cans, and containers to specialty items like aerospace-grade plastic parts and toys.
The company serves a wide array of industries—pharmaceuticals, chemicals, food & beverage, defence, and childcare—by offering customized packaging and molded solutions. With two operating units and a third unit in the pipeline, the company is gearing up to scale big.
IPO Timeline & Key Details
| Event | Date |
|---|---|
| IPO Opens | August 4, 2025 |
| IPO Closes | August 6, 2025 |
| Allotment Finalization | August 7, 2025 |
| Refund Initiation | August 8, 2025 |
| Shares Credited to Demat | August 8, 2025 |
| Listing on NSE SME | August 9 or 10, 2025 (TBC) |
IPO Structure & Price Band
| Particulars | Details |
|---|---|
| Issue Size | ₹35.44 crore |
| Price Band | ₹62 – ₹66 per share |
| Lot Size | 2,000 shares |
| Minimum Investment | ₹1,32,000 |
| Total Shares Offered | 53.70 lakh (approx.) |
| Fresh Issue | 40.50 lakh shares |
| Offer for Sale (OFS) | 10.50 lakh shares |
| Listing Exchange | NSE SME |
Grey Market Premium (GMP) Insight
As of now, the Jyoti Global Plast IPO GMP is around ₹11 per share, which hints at a possible listing price of ₹77 (₹66 + ₹11). That’s roughly a 17% premium, indicating decent grey market demand.
However, investors should be cautious — GMP is unofficial and can fluctuate significantly until listing.
Financial Performance Snapshot
| Financial Year | Revenue (₹ Cr) | Net Profit (₹ Cr) |
|---|---|---|
| FY 2024-25 | 93.80 | 6.08 |
| FY 2023-24 | ~88.00 | 3.68 |
| FY 2022-23 | 89.34 | 2.40 |
Objective of the IPO
The IPO proceeds will be utilized as follows:
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✅ Setting up a third manufacturing unit in Mahad (Raigad)
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✅ Installation of a captive solar plant for energy efficiency
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✅ Partial repayment of existing borrowings
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✅ Corporate purposes and working capital needs
These investments signal a shift toward sustainable operations and capacity expansion.
Competitive Strengths
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Diversified Product Portfolio: Serving both industrial and consumer sectors
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Custom Manufacturing: Tailored packaging and moulded solutions
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Strong Client Base: Over 1,000 customers with repeat orders
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Aerospace & Defence Foray: Orders exceeding ₹20 crore in pipeline
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In-House R&D: Focus on innovation and material optimization
Key Risks to Consider
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Raw Material Fluctuation: Dependent on oil-linked polymers
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SME Volatility: Lower liquidity compared to mainboard stocks
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Execution Risk: New plant and solar project timelines need to be met
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Competitive Pressure: From established players in the plastic and FRP space
Strategic Analysis: Should You Apply?
Short-Term View
If you’re targeting listing gains, the current GMP and strong market sentiment suggest this IPO could deliver. However, keep tracking GMP closer to listing for clarity.
Long-Term View
With a clear expansion roadmap and entry into high-value sectors like aerospace, the company has room for growth. But long-term investors should track how effectively the funds are deployed and whether margin growth sustains.
Final Verdict
The Jyoti Global Plast IPO stands out due to its diversified product line, strong customer base, and visible growth strategy. While listing gains appear likely based on GMP, investors should approach SME IPOs with proper risk assessment.
If you’re a risk-tolerant investor looking for potential upside in a niche manufacturing business, this could be worth a closer look.
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