Introduction to Jyoti Global Plast Limited
Jyoti Global Plast is a growing manufacturer of plastic packaging solutions serving sectors like FMCG, pharmaceuticals, and food & beverages. Known for quality, precision, and innovation, the company provides durable and cost-effective packaging products. As demand increased, Jyoti expanded its expertise in advanced plastic molding techniques, broadening capabilities beyond traditional packaging.

IPO Structure and Details
The company is launching a Book Built Issue worth ₹35.44 Crores, consisting of a Fresh Issue of 43.20 Lakh shares worth ₹28.51 Crores and an Offer for Sale of 10.50 Lakh shares totaling ₹6.93 Crores. The subscription opens from August 4 to August 6, 2025. Allotment is expected on or about August 7, 2025, and shares will be listed on the NSE SME platform around August 11, 2025.

The share price band is set between ₹62 and ₹66 per equity share. At the upper band of ₹66, the company’s market capitalization will be around ₹130.81 Crores. The lot size is 2,000 shares, with a minimum investment of 2 lots (4,000 shares) for individual investors, amounting to ₹2,64,000.

The book running lead manager is Unistone Capital Private Limited, and the registrar is MUFG Intime India Private Limited. The market maker is L. F. C. Securities Private Limited.

Financial Performance Highlights
Jyoti Global Plast has shown consistent growth over recent years:

• Revenue from operations: ₹9,379.79 Lakh (FY25), ₹8,796.41 Lakh (FY24), ₹8,935.45 Lakh (FY23)

• EBITDA: ₹1,212.35 Lakh (FY25), ₹862.30 Lakh (FY24), ₹626.52 Lakh (FY23)

• Profit After Tax (PAT): ₹608.06 Lakh (FY25), ₹361.53 Lakh (FY24), ₹232.36 Lakh (FY23)

Key financial ratios for FY24:

• Pre-issue EPS: ₹3.92

• Post-issue EPS: ₹3.07

• Pre-issue P/E ratio: 16.83x

• Post-issue P/E ratio: 21.51x

• Industry P/E ratio: 24x

• ROCE: 22.35%

• ROE: 33.22%

• RoNW: 28.49%

These metrics reflect a fairly priced IPO with strong returns on capital and equity, though valuations are in line with the industry.

Promoters and Management
The company is promoted by:

• Bhawanji Shah, a veteran in plastic molding since 1990, founder of Jyoti Polycontainers Pvt Ltd in 2004.

• Deven Shah, Whole Time Director and CEO, heads business development.

• Hiren Shah, Managing Director, manages finance, accounting, and reporting.

• Karan Deven Shah, CFO since 2020, leads finance and accounts.

• Sainyum Hiren Shah, oversees sales and marketing.

This experienced team provides strong leadership and industry expertise.

Grey Market Premium and Listing Outlook
The Grey Market Premium (GMP) for Jyoti Global Plast IPO is ₹0, indicating a neutral demand in unofficial markets and no expected listing gains.

Investment Recommendation
Despite solid financials and experienced promoters, the lack of GMP and current valuation suggest limited upside at listing.

Hence, investors are advised to avoid the Jyoti Global Plast IPO if looking for quick listing gains. Long-term investors should consider the company’s business potential before investing.

Conclusion

Jyoti Global Plast is a promising player in the plastic packaging industry with steady financial growth and a seasoned promoter group. The IPO offers an opportunity to invest in an expanding sector aligned with FMCG and pharma packaging demand.

However, neutral market sentiment and fair pricing imply limited immediate listing gains. Investors should evaluate their risk appetite and investment horizon carefully.

Disclaimer
This article is for educational and informational purposes only and does not constitute financial advice. Investment decisions should be based on individual risk tolerance and consultation with SEBI-registered advisors. Market conditions are volatile and subject to change. Neither the author nor the platform is responsible for losses arising from use of this information.

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