Jyoti Global Plast Limited, a packaging solutions provider, is opening its ₹35.44 crore Book Built SME IPO on August 4, 2025, with the subscription window closing on August 6, 2025. The company has built a solid presence in FMCG, pharmaceuticals, and food & beverage packaging, offering cost-efficient, durable, and innovative plastic solutions.

With an evolving product base and growing capabilities in advanced plastic molding, Jyoti Global Plast is targeting expansion into newer areas through the IPO proceeds.

IPO Structure and Details

The IPO consists of:

• Fresh Issue: ₹28.51 crore (43.20 lakh shares)

• Offer for Sale: ₹6.93 crore (10.50 lakh shares)

• Total Issue Size: ₹35.44 crore

The price band is fixed at ₹62 to ₹66 per share, and investors must apply for a minimum of 2 lots (4,000 shares), requiring an investment of ₹2,64,000. The market capitalisation at the upper band comes to approximately ₹130.81 crore.

• Listing: NSE SME

• Tentative Listing Date: August 11, 2025

• Allotment Finalisation: August 7, 2025

• Registrar: MUFG Intime India Pvt Ltd

• Lead Manager: Unistone Capital Pvt Ltd

• Market Maker: L.F.C. Securities Pvt Ltd

GMP Trend and Anchor Investor Update

As of 29 July 2025, the Grey Market Premium (GMP) stands at ₹6, suggesting an expected listing price of ₹72 — a modest 9.09% premium over the issue price of ₹66. However, it is important to note that GMP is unregulated, speculative, and not a reliable metric for long-term valuation.

Meanwhile, Anchor Investors have shown early confidence by investing ₹10.06 crore at ₹66/share, resulting in the allocation of 15.24 lakh shares prior to IPO opening.

Company Background and Promoter Profile

Founded by industry veteran Bhawanji Shah, Jyoti Global Plast has evolved from a plastic moulding unit into a key player in packaging. The promoters include:

• Bhawanji Shah: Chairman, with experience since 1990 in the plastic moulding industry.

• Deven Shah: CEO, responsible for Business Development.

• Hiren Shah: MD, heads Finance & Compliance.

• Karan Deven Shah (CFO) and Sainyum Hiren Shah (Sales & Marketing) complete the promoter team.

The company began with Jyoti Industries, then Jyoti Polycontainers Pvt Ltd in 2004, with continuous reinvestment into innovation and infrastructure.

Financial Performance (FY23–FY25)

The company has demonstrated a steady financial performance over the last three fiscal years:

Key Metrics (FY24):

• Pre-issue EPS: ₹3.92

• Post-issue EPS: ₹3.07

• Pre-issue P/E: 16.83x

• Post-issue P/E: 21.51x

• Industry P/E: ~24x

• ROCE: 22.35%

• ROE: 33.22%

• RoNW: 28.49%

These indicators suggest moderate but healthy valuation, aligning with industry averages.

Use of IPO Proceeds

The net proceeds will be deployed as follows:

1. ₹1,116.88 lakh – To establish a new production unit at Mahad, Raigad, Maharashtra.

2. ₹899.53 lakh – For setting up a solar power plant to support green energy initiatives.

3. ₹120 lakh – Partial debt repayment to strengthen the balance sheet.

4. Remaining – For general corporate purposes.

IPO Allotment and How to Check Status

Investors can check allotment status starting August 7, 2025, via the registrar’s website:

Steps to check allotment:

1. Visit the IPO allotment portal

2. Select "Jyoti Global Plast Limited"

3. Enter PAN, DP ID, or application number

4. Submit to view status

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   Disclaimer

   The above analysis is for educational and informational purposes only and does not constitute investment advice. IPO investments are subject to market risks. Kindly consult your financial advisor before investing.

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   The Upcoming IPOs in this week and coming weeks are BLT Logistics, Bhadora Industries, Highway Infrastructure, Parth Electricals & Engineering, Jyoti Global Plast, Essex Marine, Aaradhya Disposal Industries.

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   The Current active IPO are Flysbs Aviation, Cash Ur Drive Marketing, Renol Polychem, B.D. Industries (Pune), NSDL, Takyon Networks, Mehul Colours, M&B Engineering, Sri Lotus Developers & Realty.

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