Jyoti Global Plast Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹66
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,32,000
Issue Size
₹35.44 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.06%
QIB Quota
49.92%
NII Quota
15.02%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Jyoti Global Plast Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
72.89%
Issue Type
Book Building - SME
ISIN
INE1M3T01017
About the Company
Our company is engaged in the business of plastic & FRP (Fiber-Reinforced Polymer) moulding, providing custom solutions based on client-specific requirements for polymer-based products (HDPE-PP grade) such as drums, carboys, jerrycans, barrels, pail buckets, toys, automobile parts, etc. and FRP based products such as drone components and connectors. Our products are used in industries such as pharmaceutical, chemical, food & beverage, lube and industrial oil, adhesives, childcare, automotive, defence and aerospace, etc. We closely collaborate with our clients to understand their unique requirements, optimizing the manufacturing process to meet their individual needs, offering superior quality and cost-effective solutions. With a commitment to delivering value, our products are crafted using cutting-edge moulding technologies. We leverage advanced blow moulding and injection moulding technologies to produce a wide range of packaging and non-packaging products, including HDPE drums, barrels, jerrycans, bottles, toys etc., and automobile components and defence & aerospace products such as drone components and connectors. Additionally, injection moulding technology is also utilized on a job-work basis for creating durable HDPP-based products such as pail buckets. Presently, we operate two strategically located state-of-the-art manufacturing units which two are located in Rabale, Navi Mumbai. We are proposed to start our proposed manufacturing unit III at Mahad, Raigad. We started commercial production in the year 2005. Our current combined production capacity is 7,416 MT p.a.
Industry Overview
The global blow molded plastics market size was estimated at USD 80.04 billion in 2023 and is expected to grow at a CAGR of 7.0% from 2024 to 2030. The market growth is driven by trends shifting towards replacing glass & metal and increasing investments in the construction industry. Blow-molded plastics are widely used for different applications, such as concrete forms of all shapes and sizes, panels, barricades, and traffic markers in the building & construction industry. Industries, such as construction, packaging, and automotive, are the primary industries propelling the demand for blowmolded plastic products and services. The India blow molded plastics market generated a revenue of USD 9,092.6 million in 2023 and is expected to reach USD 14,217.2 million by 2030. The India market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
Company History
Jyoti Global Plast Limited (our "Company" or the "Issuer") was incorporated on January 06, 2004 as `Jyoti Polycontainers Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated January 06, 2004 issued by the Registrar of Companies, Mumbai, Maharashtra. Further, the name of our company was changed to `Jyoti Global Plast Private Limited' pursuant to a special resolution passed in the extraordinary general meeting of our shareholders held on April 23, 2022, consequent upon which, a fresh certificate of incorporation dated May 11, 2022 was issued by the Registrar of Companies, Mumbai, Maharashtra. Subsequently, our company was converted from a private limited company to a public limited company, pursuant to a special resolution passed in the extraordinary general meeting of our shareholders held on October 25, 2024 and the name of our Company was changed to `Jyoti Global Plast Limited' with a fresh certificate of incorporation dated December 30, 2024, issued to our Company by the Assistant Registrar of Companies, Central Registration Centre. The corporate identification number of our Company is U28129MH2004PLC143876.
Products & Services
- The company is engaged in the business of plastic & FRP (Fiber-Reinforced Polymer) moulding, providing custom solutions based on client-specific requirements for polymer-based products (HDPE-PP grade).
Growth Strategy
- Proposed expansion of manufacturing unit in Mahad, Raigad.
- Expanding into new products portfolio.
- Exploring sustainable growth opportunities to drive business expansion.
- Continue to improve operational efficiencies through economies of scale, supply chain rationalization, technology enhancements and effective resource planning.
- Strengthen relationships with our existing customers and expand customer base.
- Capacity and Capacity Utilization.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 53,70,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company at an offer price of Rs. 66 per equity share (including a share premium of Rs. 56 per equity share) for cash, aggregating up to Rs. 35.44 crores ("Public Offer") comprising a fresh issue of upto 43,20,000 equity shares of face value of Rs. 10 each aggregating to Rs. 28.51 crores (the "Fresh Issue") and an offer for sale of upto 10,50,000 equity shares of face value of Rs. 10 each comprising of upto 3,00,000 equity shares of face value of Rs. 10 each by Bhawanji Khimji Shah, upto 3,75,000 equity shares of face value of Rs. 10 each by Hiren Bhawanji Shah and upto 3,75,000 equity shares of face value of Rs. 10 each by Deven Bhawanji Shah ("the Selling Shareholder or "Promoter Selling Shareholders") ("Offer for Sale") aggregating to Rs. 6.93 crores, out of which 2,70,000 equity shares of face value of Rs. 10 each of face value of Rs. 10/- each, at an offer price of Rs. 66 per equity share for cash, aggregating Rs. 1.78 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. net offer of 51,00,000 equity shares of face value of Rs. 10 each of face value of Rs. 10/- each, at an offer price of Rs. 66 per equity share for cash, aggregating up to Rs. 33.66 crores is hereinafter referred to as the "Net Offer". The public offer and net offer will constitute 27.09% and 25.73% respectively of the post-offer paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Extensive client network.
- Diverse product portfolio.
- Favourable location of our manufacturing units.
- Inhouse logistics, testing, and stickering.
- Strong Knowledge and expertise of our Promoters.
- The majority of its product sales is concentrated in the regions namely, Maharashtra and Gujarat. For the Fiscal 2025, 2024 and 2023 the company revenue from sale of products in Maharashtra and Gujarat accounted for 98.50%, 98.70%, and 97.39% of its revenue from operations, respectively any adverse developments affecting its operations in these regions could have an adverse impact on the company business, financial condition, results of operations and cash flows.
- The company does not have any long-term agreements with its raw material suppliers. If the company faces difficulties in obtaining the necessary quality and quantity of raw materials in timely manner and at fair prices, or if the company fails to secure them altogether, it could detrimentally affect its business, financial performance, and cash flow.
- There is an increased awareness towards controlling pollution and many economies including India have joined in the efforts to ban plastic product. In case any plastic packaging products manufactured by the company is banned in India or in any of the markets where the company export its products, it could have a material and adverse effect on its business and results of operations.
- Its manufacturing facilities are dependent on adequate and uninterrupted supply of electricity and fuel. Any shortage or disruption in electricity, water, or fuel supply may lead to disruption in operations, higher operating cost, and consequent decline in its operating margins.
- The majority of our product sales is concentrated in the regions namely, Maharashtra and Gujarat. For the period ended for September 30, 2024 and for Fiscal 2024, 2023 and 2022 our revenue from sale of products in Maharashtra and Gujarat accounted for 99.06%, 98.70%, 97.39%, and 98.94% of our revenue from operations, respectively any adverse developments affecting our operations in these regions could have an adverse impact on our business, financial condition, results of operations and cash flows.